Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
12 people listed on the 990.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Organizes national and international sailing competitions for Olympic hopefuls.
Questions for Laser Class Association INC
Your first name shows with your question. Laser Class Association INC answers here, for everyone.
Organization and Management of Sailing Competitions -- Scheduled, organized and managed 3 world championship sailing competitions serving over 425 athletes from over 110 countries. Competitions included Olympic qualification events for men and women and three age specific events (youth and masters).
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3045188) · Dispute this lineEquipment Certification -- Assured the principles of equality and fair play through the certification of sailing equipment to be used in competition. Carried out inspections and audits of all equipment manufacturers to ensure compliance with rules and building specifications.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3045188) · Dispute this lineMedia an Publications -- Facilitated communication with athletes around the world by publishing a news and information on website reaching over 500,000 people worldwide. Handled media and press coverage for sailing competitions for 2019 World Championships.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3045188) · Dispute this lineBy the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.6M | $937K |
| InvestmentsLn 11–13 | $0 | $0 |
| Land, buildings, equipmentLn 10c | $1K | $0 |
| Total assetsLn 16 | $1.7M | $998K |
| LiabilitiesLn 26 | $890K | $209K |
| Net assetsLn 32 | $765K | $789K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $0 | $0 | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $0 | $0 | $0 | $0 |
| Pay of disqualified personsLn 6 | $0 | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $0 | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $0 | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $0 | $0 | $0 | $0 |
| Payroll taxesLn 10 | $0 | $0 | $0 | $0 |
| Management feesLn 11a | $273K | $208K | $65K | $0 |
| Legal feesLn 11b | $88K | $67K | $21K | $0 |
| Accounting feesLn 11c | $6K | $4K | $1K | $0 |
| Lobbying feesLn 11d | $0 | $0 | $0 | $0 |
| Professional fundraising feesLn 11e | $0 | $0 | ||
| Investment management feesLn 11f | $0 | $0 | $0 | $0 |
| Other fees for servicesLn 11g | $53K | $40K | $13K | $0 |
| Advertising and promotionLn 12 | $20K | $15K | $5K | $0 |
| Office expensesLn 13 | $12K | $9K | $3K | $0 |
| Information technologyLn 14 | $24K | $19K | $6K | $0 |
| RoyaltiesLn 15 | $0 | $0 | $0 | $0 |
| OccupancyLn 16 | $18K | $14K | $4K | $0 |
| TravelLn 17 | $7K | $6K | $2K | $0 |
| Travel and entertainment for public officialsLn 18 | $0 | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $0 | $0 | $0 | $0 |
| InterestLn 20 | $0 | $0 | $0 | $0 |
| Payments to affiliatesLn 21 | $0 | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $0 | $0 | $0 | $0 |
| InsuranceLn 23 | $9K | $7K | $2K | $0 |
| Other expenses (24a–d)Ln 24 | $265K | $202K | $63K | $0 |
| Total functional expensesLn 25 | $774K | $590K | $184K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 26, 2025 | $2.4M | $2.3M | $129K | $1.3M | 990 PDF |
| FY2023Filed with the IRS Jul 3, 2024 | $2.2M | $2.2M | −$36K | $1.2M | 990 PDF |
| FY2022Filed with the IRS Nov 16, 2023 | $2.1M | $2.0M | $83K | $1.0M | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $1.8M | $1.6M | $210K | $957K | 990 PDF |
| FY2020 ViewingFiled with the IRS Jun 10, 2021 | $800K | $774K | $25K | $789K | 990 PDF |
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $799,821 revenue, 12 lines filed
Part VI · Governance 10 of 12 board members independent, 2 to look at
Part VIII · Statement of revenue $799,821 across 12 lines filed
Part IX · Statement of functional expenses $774,495 across 30 lines filed
Part X · Balance sheet $998,317 assets, 31 lines filed
Part XI · Reconciliation of net assets $788,935 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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