Nonprofit · EIN 74-1224480
LAKEWOOD YACHT CLUB
Tax-exempt · SEABROOK, TX 77586
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,445,760 | $7,743,424 | -$297,664 | $8,111,591 | $3,647,596 | $4,463,995 |
| December 31, 2023 | 990 | $7,249,522 | $7,623,628 | -$374,106 | $8,628,729 | $3,854,095 | $4,774,634 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $21,845
- Program service revenue
- $7,310,313
- Investment income
- $113,602
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $585,260
- Other salaries and wages
- $1,994,874
- Salaries, compensation and benefits (total)
- $3,138,561
- Professional fundraising fees
- $0
- Legal fees
- $615
- Accounting fees
- $23,492
- Occupancy
- $311,308
- Depreciation
- $773,965
- Program services (functional)
- $6,726,426
- Management and general (functional)
- $1,016,998
Balance sheet and other
- Total assets, start of year
- $8,628,729
- Total assets, end of year
- $8,111,591
- Total liabilities, end of year
- $3,647,596
- Net assets, end of year
- $4,463,995
- Land, buildings and equipment
- $4,284,643
- Net assets without donor restrictions
- $4,463,995
- Gross unrelated business income
- $551,859
- Gross receipts
- $7,445,760
- Employees
- 139
- Volunteers
- 150
- Year formed
- 1955
- State of legal domicile
- TX
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 |
|---|---|---|---|---|
| KELLY HOLST | GENERAL MANAGER Key employee | 40 | $229,241 | $8,835 |
| MARK LAUER | ASST GENERAL MANAGER Key employee | 40 | $121,788 | $4,462 |
| DONDALD MCDONALD | CHEF Key employee | 40 | $114,515 | $1,520 |
| WALTER TERRY FLYNN | Waterfront Director Key employee | 40 | $101,179 | $3,720 |
| DWIGHT BENGTSON | COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| DUANE GUIDRY | VICE COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| PAUL DUNPHEY | FORMER COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| DAVID COMEAUX | FLEET CAPTAIN DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| RICHARD TOMLINSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAY JOHNSON | SECRETARY/DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARROW WESSENDORFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DWAYNE BREAUX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARIE WISE | REAR COMMODORE CAPTAIN Trustee or director, Officer | 5 | $0 | $0 |
| GARY GARNETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHIL ELTING | DIRECTOR Trustee or director | 2 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY BRINKMANN | DIRECTOR/TREASURER Trustee or director, Officer | 5 | $0 |
| NAT KEMBERLING | DIRECTOR Trustee or director | 2 | $0 |
| STEPHEN GUERIN | DIRECTOR Trustee or director | 2 | $0 |
| LINDA WEIDMANN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KELLY HOLST | GENERAL MANAGER Key employee | 40 | $209,727 | $15,386 |
| MARK LAUER | ASST GENERAL MANAGER Key employee | 40 | $110,146 | $11,544 |
| DWIGHT BENGTSON | VICE COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| DUANE GUIDRY | REAR COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| MARGIE CLARK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AL POINDEXTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARY ROMER | FORMER COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| PAUL DUNPHEY | COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| DAVID COMEAUX | SECRETARY/DIRECTOR Trustee or director | 5 | $0 | $0 |
| RICHARD TOMLINSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAY JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARROW WESSENDORFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DWAYNE BREAUX | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| MARIE WISE | FLEET CAPTAIN Trustee or director, Officer | 5 | $0 | $0 |
| GARY GARNETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHIL ELTING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAY BRINKMANN | DIRECTOR/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| NAT KEMBERLING | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2322 LAKEWOOD YACHT CLUB DR, SEABROOK, TX 77586-3415
- In care of
- % KELLY HOLST
- Principal officer (990 for 2024)
- KELLY HOLST, 2322 Lakewood Yacht Club Dr, Seabrook, TX 77586
- Signed the 990
- KELLY HOLST, GENERAL MANAGER
- Phone
- (281) 474-2511
- Website
- WWW.LAKEWOODYACHTCLUB.COM
- Return prepared by
- EEPB
Mission
LAKEWOOD YACHT CLUB PROVIDES AN EXCLUSIVE YACHTING ENVIRONMENT FOR THE BENEFIT OF ITS MEMBERS. DIVERSE SOCIAL AND RECREATIONAL NEEDS ARE MET WHILE FOSTERING A SENSE OF COMARADERIE. MEMBER PARTICIPATION ENSURES THAT THE CLUB PROVIDES SERVICES AND FACILITIES THAT CATER TO THEIR MUTUAL INTERESTS.
Program accomplishments
- LAKEWOOD YACHT CLUB IS LOCATED ON 38 BEAUTIFULLY LANDSCAPED ACRES WITH OVER 300 COVERED AND OPEN BOAT SLIPS. LAKEWOOD IS MORE THAN JUST A YACHT CLUB. IT IS A HAVEN FOR MEMBERS, THEIR FAMILIES AND GUESTS.
- THE BERMUDA-STYLE CLUBHOUSE PROVIDES LAKEWOOD'S 500 PLUS MEMBERS WITH QUIET HARBOR-VIEW DINING FACILITIES AND EXCELLENT CUISINE PROVIDED BY A PROFESSIONALLY TRAINED EXECUTIVE CHEF. THE CLUBHOUSE HAS A NEWLY REMODELED BAR AND PIANO LOUNGE WITH LARGE SCREEN TELEVISIONS THAT INVITES MEMBERS TO RELAX BY THE FIRE. THE BEAUTIFUL BALLROOM OVERLOOKING THE INNER HARBOR IS THE VENUE FOR MANY OF LAKEWOOD'S SOCIAL EVENTS AS WELL AS WEDDINGS, MEETINGS AND SUNDAY BRUNCH. A GAME ROOM PROVIDES SUPERVISED ACTIVITIES FOR MEMBERS' CHILDREN.
- THERE IS SOMETHING FOR EVERYONE AT LAKEWOOD, BEGINNING WITH A STRONG AGENDA OF REGATTAS AND CRUISES ORGANIZED ANNUALLY BY LAKEWOOD'S ENTHUSIASTIC VOLUNTEERS. AN ACTIVE LADIES ASSOCIATION HAS A BUSY MONTHLY AGENDA WHICH INCLUDES A SPECIAL SUMMER ACTIVITY. THE YOUTH PROGRAM, KNOWN AS THE SEAHORSES, IS GUIDED YEAR-ROUND BY THE CLUB'S PARENT VOLUNTEERS AND FULL-TIME SAILING DIRECTOR. THREE LIGHTED TENNIS COURTS AND FRIENDLY BUT COMPETITIVE MONTHLY TENNIS SOCIALS AND WEEKLY MATCHES ADD TO THE ALLURE OF LAKEWOOD.
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
- 74-1224480
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,111,591
- Income (IRS master file)
- $7,445,760
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,445,760 | $7,743,424 | $8,111,591 | XML |
| 990 | December 2023 | $7,249,522 | $7,623,628 | $8,628,729 | XML |
| 990 | December 2022 | $6,958,057 | $7,246,112 | $9,088,460 | IRS |
| 990 | December 2021 | – | – | – | 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 74-1224480).
Questions about LAKEWOOD YACHT CLUB
- What is the EIN of LAKEWOOD YACHT CLUB?
- The employer identification number (EIN) of LAKEWOOD YACHT CLUB is 74-1224480.
- Is LAKEWOOD YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1958.
- Are donations to LAKEWOOD YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKEWOOD YACHT 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 LAKEWOOD YACHT CLUB 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 LAKEWOOD YACHT CLUB 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 LAKEWOOD YACHT CLUB?
- The 990 for the year ended December 31, 2024 names KELLY HOLST.
- Who are the officers and directors of LAKEWOOD YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 19 people; 4 received compensation from the organization, the highest $229,241 (KELLY HOLST, GENERAL MANAGER).
- How much revenue does LAKEWOOD YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,445,760, expenses of $7,743,424 and total assets of $8,111,591 at year end.
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