Lake Yosemite Sailing Association

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Sailing education and safety

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 77-0397992) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $3K a year · 9% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
60% of spending went to programs.
Pt IX · Ln 25 · col B
17.8 mo
of spending, in cash
17.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1
<0.01% of total assets
Liabilities are 0.01% of assets.
Pt X · Ln 26
Independent board members
76
of 8 voting members
76 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$45K
-6% vs prior year
Spent
$34K
To programs
60%
Net assets
$55K
By yearFY2020–FY2024
Revenue
$45K
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$17K
FY2021$26K
FY2022$37K
FY2023$48K
FY2024$45K
Expenses
$34K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$26K
FY2021$23K
FY2022$37K
FY2023$38K
FY2024$34K
Net assets
$55K
FY2024▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$31K
FY2021$34K
FY2022$34K
FY2023$44K
FY2024$55K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $20K Management & general 29% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Commodore
$0Pt VII · Sec A
Social Captain
$0Pt VII · Sec A
Vice Commodore
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Port Captain
$0Pt VII · Sec A
House Captain
$0Pt VII · Sec A
Race Captain
$0Pt VII · Sec A
See Lake Yosemite Sailing Association executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Lake Yosemite Sailing Association is a member-serving organization based in Merced, CA.

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1 program · in their own filed words · FY2024
01

All program services are directly related to sailing safety and education for approx 76 families benefit

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 77-0397992) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$45K
Ln 12
Fees for servicesLn 2g$36K
Other incomeLn 4–11$8K
Gifts and grantsLn 1h$1K
Money outPt IX
$34K
Ln 25
Programscol B$20K
Managementcol C$10K
Owns and owesPt X
$55K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$55K
LiabilitiesLn 26$1
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b76
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$36K
Investment incomeLn 3$11
Other incomeLn 4–11$8K
Gains on assetsLn 7$0
Total revenueLn 12$45K
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$55K
LiabilitiesLn 26$1
Net assetsLn 32$55K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$39K$51K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5K$4K
Total assetsLn 16$44K$55K
LiabilitiesLn 26$1$1
Net assetsLn 32$44K$55K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$927
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$22K$15K$7K
All other expensesLn 24e$9K$6K$3K
Total functional expensesLn 25$34K$20K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $45K$34K$11K$55K 990 PDF
FY2023Filed with the IRS Nov 12, 2024 $48K$38K$10K$44K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $37K$37K−$120$34K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $26K$23K$3K$34K 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $17K$26K−$8K$31K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $45,046 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,400$1,105
I-9 Program service revenuePrior year $33,790$35,534
I-10 Investment incomePrior year $9$11
I-11 Other revenuePrior year $9,804$8,396
I-12 Total revenuePrior year $48,003$45,046
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $37,963$34,174
I-18 Total expensesPrior year $37,963$34,174
I-19 Revenue less expensesPrior year $10,040$10,872
Part VI · Governance 76 of 8 board members independent, 5 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members76
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $45,046 across 9 lines filed
Lines not itemized here account for $3,259 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,105
VIII-1h Total contributions, gifts and grants$1,105
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $32,275$32,275
VIII-3 Investment incomeRelated to mission $11$11
VIII-5 Royalties$0
VIII-6 Net rental income or lossUnrelated business $360$360
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$8,036
VIII-12 Total revenueRelated to mission $11 · Unrelated business $360 · Excluded from tax $35,534$45,046
Part IX · Statement of functional expenses $34,174 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$927
IX-23 Insurance$2,832
IX-24 Other expenses (24a–d)Programs $14,742 · Management $6,777$21,519
IX-24e All other expensesPrograms $5,628 · Management $3,268$8,896
IX-25 Total functional expensesPrograms $20,370 · Management $10,045 · Fundraising $0$34,174
Part X · Balance sheet $54,688 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $38,819$50,618
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $4,997$4,070
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $43,816$54,688
X-25 Other liabilitiesStart of year $1$1
X-26 Total liabilitiesStart of year $1$1
X-27 Net assets without donor restrictionsStart of year $43,815$54,687
X-32 Total net assets or fund balancesStart of year $43,815$54,687
X-33 Total liabilities and net assetsStart of year $43,816$54,688
Part XI · Reconciliation of net assets $54,687 net assets at year end
XI-1 Total revenue$45,046
XI-2 Total expenses$34,174
XI-3 Revenue less expenses$10,872
XI-4 Net assets at start of year$43,815
XI-10 Net assets at end of year$54,687

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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