Nonprofit · EIN 46-2778033
LAKE ONTARIO OPTIMIST SAILING TEAM INC
Tax-exempt (reinstated) · SCITUATE, MA 02066
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $148,626 | $132,355 | $16,271 | $111,782 | – | $111,782 |
| December 31, 2024 | 990-EZ | $142,162 | $101,925 | $40,237 | $95,511 | – | $95,511 |
| December 31, 2023 | 990-EZ | $145,594 | $142,399 | $3,195 | $55,274 | – | $55,274 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Membership dues
- $148,626
- Program service revenue
- $0
- Investment income
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
- Occupancy
- $58,500
- Other expenses
- $73,855
Balance sheet and other
- Total assets, start of year
- $95,511
- Total assets, end of year
- $111,782
- Total liabilities, end of year
- –
- Net assets, end of year
- $111,782
- Cash, savings and investments
- $111,782
- Gross receipts
- $148,626
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES LIPP | PRESIDENT | 10 | $0 |
| MARGARET ALEXOPOLOUS | VICE PRESIDENT | 10 | $0 |
| ISAAC RODRIQUEZ | TREASURER | 10 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES LIPP | PRESIDENT | 10 | $0 |
| CUTTER SMITH | VICE PRESIDENT | 10 | $0 |
| JENNIFER GREENBERG | TREASURER | 10 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES LIPP | PRESIDENT | 10 | $0 |
| CUTTER SMITH | VICE PRESIDENT | 10 | $0 |
| JENNIFER GREENBERG | TREASURER | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 172 CORNET STETSON RD, SCITUATE, MA 02066-4418
- In care of
- % KELLY C JANZEN
- Signed the 990-EZ
- JENNIFER GREENBERG, TREASURER
- Phone
- (617) 513-1333
- Return prepared by
- PETER KLUGEWICZ
Mission
THE PURPOSE OF THE LAKE ONTARIO OPTIMIST SAILING TEAM INC IS TO EDUCATE AND INSTRUCT CHILDREN ON THE SPORT OF SAILBOAT RACING.
Program accomplishments
- SEE SCHEDULE O
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 46-2778033
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $111,782
- Income (IRS master file)
- $148,626
Revocation and reinstatement
- Exemption revoked
- May 15, 2016
- Posted by the IRS
- August 8, 2016
- Reinstated
- Effective May 15, 2016
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $148,626 | $132,355 | $111,782 | XML |
| 990-EZ | December 2024 | $142,162 | $101,925 | $95,511 | IRS |
| 990-EZ | December 2023 | $145,594 | $142,399 | $55,274 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 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 46-2778033).
Questions about LAKE ONTARIO OPTIMIST SAILING TEAM INC
- What is the EIN of LAKE ONTARIO OPTIMIST SAILING TEAM INC?
- The employer identification number (EIN) of LAKE ONTARIO OPTIMIST SAILING TEAM INC is 46-2778033.
- Is LAKE ONTARIO OPTIMIST SAILING TEAM INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective May 15, 2016.
- Are donations to LAKE ONTARIO OPTIMIST SAILING TEAM INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE ONTARIO OPTIMIST SAILING TEAM 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 LAKE ONTARIO OPTIMIST SAILING TEAM 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 LAKE ONTARIO OPTIMIST SAILING TEAM INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of LAKE ONTARIO OPTIMIST SAILING TEAM INC?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does LAKE ONTARIO OPTIMIST SAILING TEAM INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $148,626, expenses of $132,355 and total assets of $111,782 at year end.
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