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Nonprofit · EIN 43-1138637

GRAND LAKE SAILING CLUB INC

Tax-exempt · GROVE, OK 74344

Financials

$104K$106K2023$142K$77K2024$154K$111K2025
Revenue Expenses · by fiscal year end
Financials of GRAND LAKE SAILING CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$154,297$110,651$43,646$776,643$57,974$718,669
December 31, 2024990$141,631$76,664$64,967$744,499$69,476$675,023
December 31, 2023990$103,578$106,106-$2,528$690,550$80,494$610,056
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$146,194
Investment income
$7,898
Net income from sales of inventory
$205
Other revenue
$205

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$18,880
Program services (functional)
$110,651

Balance sheet and other

Total assets, start of year
$744,499
Total assets, end of year
$776,643
Total liabilities, end of year
$57,974
Net assets, end of year
$718,669
Land, buildings and equipment
$610,368
Gross receipts
$154,297
Employees
0
Volunteers
12
Year formed
1974
State of legal domicile
OK

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Fred OverstreetCommodore
Officer
10$0
David MercerVice Commodore
Officer
5$0
Judy AllenSecretary
Officer
5$0
Evan ArterTreasurer
Officer
10$0
990 for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
Fred OverstreetCommodore
Officer
10$0
David MercerVice Commodore
Officer
5$0
Craig HannonSecretary
Officer
5$0
Mary FrearTreasurer
Officer
10$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Fred OverstreetCommodore
Officer
10$0
Kerry JensenVice Commodore
Officer
5$0
Craig HannonSecretary
Officer
5$0
Mary FrearTreasurer
Officer
10$0

Address and contacts

Address (IRS master file)
31700 S 605 RD, GROVE, OK 74344-6019
In care of
% MARY FREAR
Principal officer (990 for 2025)
Fred Overstreet, 31700 S 605 RD, GROVE, OK 74344
Signed the 990
Fred Overstreet, Commodore
Phone
(918) 786-2242

Mission

Provide recreational sailing facilities and instruction to members and others.

990 for the year ended December 31, 2025

Program accomplishments

  • Boat slips available for members with boats
    Expenses $485 · revenue $56,577
  • Fleet boats available for fleet members
    revenue $11,605
  • Dry Storage available
    revenue $4,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
43-1138637
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1978
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$776,643
Income (IRS master file)
$154,297

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$154,297$110,651$776,643XML
990December 2024$141,631$76,664$744,499XML
990December 2023$103,578$106,106$690,550XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 43-1138637).

Questions about GRAND LAKE SAILING CLUB INC

What is the EIN of GRAND LAKE SAILING CLUB INC?
The employer identification number (EIN) of GRAND LAKE SAILING CLUB INC is 43-1138637.
Is GRAND LAKE SAILING CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1978.
Are donations to GRAND LAKE SAILING CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GRAND LAKE SAILING CLUB INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GRAND LAKE SAILING CLUB INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GRAND LAKE SAILING CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of GRAND LAKE SAILING CLUB INC?
The 990 for the year ended December 31, 2025 names Fred Overstreet.
Who are the officers and directors of GRAND LAKE SAILING CLUB INC?
The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does GRAND LAKE SAILING CLUB INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $154,297, expenses of $110,651 and total assets of $776,643 at year end.

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