Nonprofit · EIN 46-3699575
LAKE VETERANS CLUB INC
Tax-exempt · TAVARES, FL 32778
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $166,576 | $162,420 | $4,156 | $81,522 | $8,577 | $72,945 |
| December 31, 2023 | 990 | $146,593 | $193,793 | -$47,200 | $75,870 | $7,081 | $68,789 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $44,556
- Membership dues
- $5,301
- Program service revenue
- $0
- Investment income
- $0
- Net income from gaming
- $156,333
- Net income from sales of inventory
- -$34,313
- Other revenue
- $122,020
Expenses
- Grants and similar amounts paid
- $2,921
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $65,310
- Depreciation
- $4,801
- Program services (functional)
- $121,132
- Management and general (functional)
- $41,288
Balance sheet and other
- Total assets, start of year
- $75,870
- Total assets, end of year
- $81,522
- Total liabilities, end of year
- $8,577
- Net assets, end of year
- $72,945
- Land, buildings and equipment
- $52,860
- Net assets without donor restrictions
- $72,945
- Gross receipts
- $1,070,584
- Employees
- 7
- Year formed
- 2013
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 | Other / benefits |
|---|---|---|---|---|
| MICHAEL J SOBKOWSKI | PRESIDENT/CO Trustee or director, Officer | 20 | $0 | $20,900 |
| TERRY DAWSON | TREASURER Trustee or director, Officer | 20 | $17,000 | $0 |
| WILLIAM ALDERSON | SENIOR V.P. Trustee or director, Officer | – | $0 | $0 |
| MICHAEL DUCHAC | CHAPLAIN Trustee or director, Officer | – | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY DAWSON | TREASURER Trustee or director, Officer | 10 | $24,500 |
| MICHAEL J SOBKOWSKI | PRESIDENT/CO Trustee or director, Officer | 10 | $22,500 |
| WILLIAM ALDERSON | SENIOR V.P. Trustee or director, Officer | – | $0 |
| MICHAEL DUCHAC | CHAPLAIN Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 31116 FAIRVIEW AVE STE F, TAVARES, FL 32778-5019
- In care of
- % LAKE VETERANS CLUB INC
- Principal officer (990 for 2024)
- MICHAEL J SOBKOWSKI, 31116F FAIRVIEW AVE, TAVARES, FL 32778
- Signed the 990
- MICHAEL J SOBKOWSKI, PRESIDENT/COMMANDER
- Phone
- (352) 343-1056
- Return prepared by
- THOMAS E SINGLETON CPA LLC
Mission
VETERANS ASSISTANCE.
Program accomplishments
- VETERANS ASSISTANCE.
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
- 46-3699575
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $81,522
- Income (IRS master file)
- $1,070,584
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $166,576 | $162,420 | $81,522 | XML |
| 990 | December 2023 | $146,593 | $193,793 | $75,870 | XML |
| 990 | December 2022 | $193,052 | $153,720 | $117,752 | IRS |
| 990 | December 2021 | $56,772 | $93,019 | $78,225 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 46-3699575).
Questions about LAKE VETERANS CLUB INC
- What is the EIN of LAKE VETERANS CLUB INC?
- The employer identification number (EIN) of LAKE VETERANS CLUB INC is 46-3699575.
- Is LAKE VETERANS CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2015.
- Are donations to LAKE VETERANS CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE VETERANS 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 LAKE VETERANS CLUB INC 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 LAKE VETERANS CLUB INC 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 LAKE VETERANS CLUB INC?
- The 990 for the year ended December 31, 2024 names MICHAEL J SOBKOWSKI.
- Who are the officers and directors of LAKE VETERANS CLUB INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization.
- How much revenue does LAKE VETERANS CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $166,576, expenses of $162,420 and total assets of $81,522 at year end.
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