Nonprofit · EIN 47-2986281
IOWA GREAT LAKES FISHING CLUB
Tax-exempt (reinstated) · SPENCER, IA 51301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $87,489 | $71,709 | $15,780 | $48,133 | $0 | $48,133 |
| December 31, 2024 | 990-EZ | $68,846 | $58,566 | $10,280 | $35,495 | $0 | $35,495 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $51,975
- Membership dues
- $13,124
- Program service revenue
- $580
- Investment income
- $888
- Net income from fundraising events
- $19,312
- Net income from sales of inventory
- $1,610
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $773
- Printing, publications and postage
- $12,337
- Other expenses
- $53,599
- Program services (functional)
- $26,098
Balance sheet and other
- Total assets, start of year
- $35,495
- Total assets, end of year
- $48,133
- Total liabilities, end of year
- $0
- Net assets, end of year
- $48,133
- Cash, savings and investments
- $48,133
- Gross receipts
- $101,766
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 |
|---|---|---|---|
| Terry Thomsen | President | 15 | $0 |
| Nathan Albrecht | Treasurer | 5 | $0 |
| Barry Kruse | Secretary | 2 | $0 |
| Scott Severied | Vice President | 2 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Terry Thomsen | President | 15 | $0 |
| Nathan Albrecht | Treasurer | 5 | $0 |
| Barry Kruse | Secretary | 2 | $0 |
| Scott Severied | Vice President | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 705 GRAND AVE, SPENCER, IA 51301-3707
- In care of
- % GARY BIEDERMAN
- Mailing address (990-N for 2023)
- 705 Grand Ave, Spencer IA 51301
- Principal officer (990-N for 2023)
- Dean Jacobsen, 16 Emerald Meadows Circle, Arnolds Park IA 51331
- Signed the 990-EZ
- Nathan Albrecht, Treasurer
- Phone
- (507) 329-7455
- Website
- iagreatlakesfishingclub.org
Mission
Mission Statement To recruit youth to the sport, encouraging connection to the outdoors and fishing as a lifelong passion. Vision Statement To contribute to the environment and our communities by improving the quality of local fisheries and promoting involvement through educational and recreational activities.
Program accomplishments
- In 2025, we interacted with over 900 kids through various fishing activities. Each event we supplied poles, bait, and volunteers to take kids fishing. The club also gave away over 900 tackle boxes to each kid that took part in our events. Each year the club has grown its outreach in the number of events, kids impacted, and counties serviced. The expenses shown below are specific to the purchase of fishing tackle that we give away throughout the year to the kids. The club also purchases gift cards to give away to kids at our own events for prizes for a mini fishing contest we do with them. Grants and allocations are including all sponsorship dollars we received regardless of if they were used for tackle or other objectives of the club.Expenses $25,518 · grants $39,232
- ADULT FISHING SEMINARExpenses $580 · grants $580
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-N on file |
IRS record
- EIN
- 47-2986281
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D33)
- Assets (IRS master file)
- $48,133
- Income (IRS master file)
- $101,766
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- February 21, 2015
- Reinstated
- Effective February 15, 2015
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 | $87,489 | $71,709 | $48,133 | IRS |
| 990-EZ | December 2024 | $68,846 | $58,566 | $35,495 | XML |
| 990-N for 2023 Officer: Dean Jacobsen | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Dean Jacobsen | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Terry Thomsen | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Dean Jacobsen | December 31, 2019 | ≤ $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 47-2986281).
Questions about IOWA GREAT LAKES FISHING CLUB
- What is the EIN of IOWA GREAT LAKES FISHING CLUB?
- The employer identification number (EIN) of IOWA GREAT LAKES FISHING CLUB is 47-2986281.
- Is IOWA GREAT LAKES FISHING CLUB tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective February 15, 2015.
- Are donations to IOWA GREAT LAKES FISHING CLUB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA GREAT LAKES FISHING CLUB 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 IOWA GREAT LAKES FISHING CLUB 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 IOWA GREAT LAKES FISHING CLUB last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of IOWA GREAT LAKES FISHING CLUB?
- The 990-N for 2023 names Dean Jacobsen.
- Who are the officers and directors of IOWA GREAT LAKES FISHING CLUB?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does IOWA GREAT LAKES FISHING CLUB have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $87,489, expenses of $71,709 and total assets of $48,133 at year end.
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