Nonprofit · EIN 45-2522575
DETROIT YACHT CLUB FOUNDATION
Tax-exempt · DETROIT, MI 48207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $286,815 | $317,755 | -$30,940 | $420,275 | $0 | $420,275 |
| December 31, 2023 | 990 | $292,902 | $83,159 | $209,743 | $451,215 | $0 | $451,215 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $337,636
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$50,821
- Other revenue
- -$50,821
Expenses
- Grants and similar amounts paid
- $300,881
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,835
- Program services (functional)
- $300,881
- Management and general (functional)
- $16,874
Balance sheet and other
- Total assets, start of year
- $451,215
- Total assets, end of year
- $420,275
- Total liabilities, end of year
- $0
- Net assets, end of year
- $420,275
- Net assets without donor restrictions
- $420,275
- Gross receipts
- $337,636
- Employees
- 0
- Year formed
- 2012
- State of legal domicile
- MI
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LILLY DAVID | SECRETARY Trustee or director, Officer | 8 | $0 |
| ROBIN HELLER | PRESIDENT Trustee or director, Officer | 10 | $0 |
| MARK LIFTER | DIRECTOR Trustee or director | 8 | $0 |
| KELLI MURPHY | DIRECTOR Trustee or director | 8 | $0 |
| LEON SAPERSTEIN | DIRECTOR Trustee or director | 8 | $0 |
| JOHN SAVAGE | TREASURER Trustee or director, Officer | 8 | $0 |
| EDWIN THEISEN | DIRECTOR Trustee or director | 8 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LILLY DAVID | SECRETARY Trustee or director, Officer | 8 | $0 |
| ROBIN HELLER | PRESIDENT Trustee or director, Officer | 10 | $0 |
| MARK LIFTER | DIRECTOR Trustee or director | 8 | $0 |
| KELLI MURPHY | DIRECTOR Trustee or director | 8 | $0 |
| LEON SAPERSTEIN | DIRECTOR Trustee or director | 8 | $0 |
| JOHN SAVAGE | TREASURER Trustee or director, Officer | 8 | $0 |
| EDWIN THEISEN | DIRECTOR Trustee or director | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 1 RIVERBANK RD BELLE ISLE, DETROIT, MI 48207-0000
- In care of
- % ROBIN HELLER
- Mailing address (990-N for 2011)
- One Riverbank Rd Belle Isle, Detroit MI 48207
- Principal officer (990 for 2024)
- ROBIN HELLER, 1 RIVERBANK RD BELLE ISLE, DETROIT, MI 48207
- Principal officer (990-N for 2011)
- Mark Lifter, One Riverbank Rd Belle Isle, Detroit MI 48207
- Signed the 990
- ROBIN HELLER, PRESIDENT
- Phone
- (313) 757-5240
- Website
- DYCFOUNDATION.COM
- Return prepared by
- DAVISON & ASSOCIATES CPA
Mission
TO RESTORE, PRESERVE, MAINTAIN, PROTECT, AND REPAIR THE DETROIT YACHT CLUB CLUBHOUSE, A STRUCTURE ON THE NATIONAL REGISTER OF HISTORIC PLACES. TO PROVIDE ACCESS AT DESIGNATED TIMES FOR EDUCATION AND PUBLIC GROUPS TO TOUR THE STRUCTURE WITH THE APPROVAL OF THE DETROIT YACHT CLUB AND THE DETROIT YACHT CLUB FOUNDATION.
Program accomplishments
- RESTORATION WORK ON THE NATATORIUM.Expenses $300,881 · grants $300,881 · revenue $286,815
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2522575
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80)
- Assets (IRS master file)
- $420,275
- Income (IRS master file)
- $337,636
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $286,815 | $317,755 | $420,275 | XML |
| 990 | December 2023 | $292,902 | $83,159 | $451,215 | XML |
| 990 | December 2022 | $493,462 | $608,208 | $243,807 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2011 Officer: Mark Lifter | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-2522575).
Questions about DETROIT YACHT CLUB FOUNDATION
- What is the EIN of DETROIT YACHT CLUB FOUNDATION?
- The employer identification number (EIN) of DETROIT YACHT CLUB FOUNDATION is 45-2522575.
- Is DETROIT YACHT CLUB FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to DETROIT YACHT CLUB FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DETROIT YACHT CLUB FOUNDATION 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 DETROIT YACHT CLUB FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DETROIT YACHT CLUB FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DETROIT YACHT CLUB FOUNDATION?
- The 990 for the year ended December 31, 2024 names ROBIN HELLER.
- Who are the officers and directors of DETROIT YACHT CLUB FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does DETROIT YACHT CLUB FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $286,815, expenses of $317,755 and total assets of $420,275 at year end.
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