La Porte Yacht Club Inc in Laporte, Indiana (IN)

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La Porte Yacht Club Inc
Employer Identification Number (EIN)350819775
Name of OrganizationLa Porte Yacht Club Inc
AddressPO BOX 1785, Laporte, IN 46350
ActivitiesOther recreational activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date08/1954
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$161,902
Amount of Income$185,350
Form 990 Revenue Amount$100,384
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Recreational, Pleasure, or Social Club


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Amount of income in 2013: $185,350
This organization: 

 $185,350
Other organizations performing similar types of work: 

 $3,264,933

Assets in 2013: $161,902
La Porte Yacht Club Inc: 

 $161,902
Other organizations performing similar types of work: 

 $4,146,183

Expenses in 2012: $101,043
This organization: 

 $101,043
Other organizations performing similar types of work: 

 $2,756,992

Income to expenses ratio in 2012: 1.8
This organization: 

 1.8
Other organizations performing similar types of work: 

 1.1

Number of employees in 2007: 8
La Porte Yacht Club Inc: 

 8
Other organizations performing similar types of work: 

 104

Grants share in income in 2012: 1.0%
This organization: 

 1.0%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$94,546
Contributions, gifts, grants, and similar amounts received$918
Program service revenue including government fees and contracts$0
Membership dues and assessments$26,600
Investment income$459
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$1,365
Gross income from gaming$0
Gross income from fundraising events$7,359
Less: direct expenses from gaming and fundraising events$5,994
Gross profit from sales of inventory$49,890
Gross sales of inventory, less returns and allowances$121,932
Less: cost of goods sold$72,042
Other revenue$15,314
Total expenses$101,043
Total net assets$153,940
Deficit for the year$-6,497
Net assets or fund balances at beginning of year$164,690
Other changes in net assets or fund balances$-4,253
Balance Sheets (for 2012)
Total assets$161,336
Total liabilities$7,396
Net assets or fund balances$153,940
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$70,120$158,245$74,377$53,285$56,703$57,858$77,115$85,760
Contributions, gifts, grants, and similar amounts received$1,050$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$1,050$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$269$341$0$0$0$0$0
Membership dues and assessments$13,260$12,580$13,005$14,795$14,400$14,100$16,280$18,500
Interest on savings and temporary cash investments$901$1,906$2,844$1,609$1,426$1,671$0$2,122
Dividends and interest from securities$0$0$0$0$0$0$1,896$0
Net rental income or (loss)$9,271$12,260$12,050$13,125$8,037$8,495$13,143$11,026
Gross rents$11,825$12,260$12,050$13,125$11,777$13,925$13,600$11,026
Less: rental expenses$2,554$0$0$0$3,740$5,430$457$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$74,750$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$74,750$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$7,907$16,121$4,356$1,621$3,167$3,061$-495$0
Gross revenue$14,029$25,265$10,707$5,657$6,378$7,101$5,121$0
Less: direct expenses other than fundraising expenses$6,122$9,144$6,351$4,036$3,211$4,040$5,616$0
Gross profit or (loss) from sales of inventory$37,731$40,359$41,781$22,135$29,673$30,531$46,291$52,400
Gross sales of inventory, less returns and allowances$98,862$105,916$108,244$90,340$103,603$118,416$133,545$137,841
Less: cost of goods sold$61,131$65,557$66,463$68,205$73,930$87,885$87,254$85,441
Other revenue$0$0$0$0$0$0$0$1,712
Total expenses$72,779$63,916$65,920$55,405$60,614$59,285$73,494$91,540
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$101,107$195,436$203,893$201,773$197,893$196,466$200,087$156,937
Excess or (deficit) for the year$-2,659$94,329$8,457$-2,120$-3,911$-1,427$3,621$-5,780
Net assets or fund balances at beginning of year$73,508$101,107$195,436$203,893$201,773$197,893$196,466$162,717
Other changes in net assets or fund balances$30,258$0$0$0$31$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$91,540$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$790
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$42,787$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$2,931$0$0$0
Payroll taxes$4,050$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$600$0$0$0
Legal fees$75$0$0$0
Supplies$5,173$0$0$0
Telephone$682$0$0$0
Postage and shipping$1,593$0$0$0
Occupancy$26,525$0$0$0
Equipment rental and maintenance$824$0$0$0
Printing and publications$1,911$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$3,599$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$101,717$196,795$203,893$201,773$199,982$196,466$200,087$160,832
Cash - non-interest-bearing$4,344$8,925$7,763$8,217$4,578$8,466$11,465$6,053
Savings and temporary cash investments$18,900$99,079$117,142$119,260$98,875$63,959$64,083$56,192
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$9,061$22,994$16,716$15,549$12,119$20,028$21,567$19,726
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$57,167$57,167$57,167$57,167$57,167$57,167$57,167$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$12,245$8,630$5,105$1,580$27,243$46,846$45,805$78,861
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$610$1,359$0$0$2,089$0$0$3,895
Accounts payable and accrued expenses$610$1,359$0$0$2,089$0$0$3,246
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$649
Total liabilities and net assets/fund balances$101,717$196,795$203,893$201,773$199,982$196,466$200,087$160,832
Total net assets or fund balances$101,107$195,436$203,893$201,773$197,893$196,466$200,087$156,937
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$57,858$77,115$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$57,858$77,115$0
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$59,285$73,494$0
Total expenses and losses per audited financial statements$0$0$0$0$0$59,285$73,494$0
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings9
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20068
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$85,760
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$18,500
Interest on savings and temporary cash investments000000$000$0$2,122
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$11,026
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$52,400
Other revenue000000$000$0$1,712
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska3
Alabama17
Arkansas11
Arizona47
California229
Colorado25
Connecticut61
District of Columbia21
Delaware15
Florida133
Georgia62
Hawaii9
Iowa26
Idaho6
Illinois116
Indiana39
Kansas20
Kentucky14
Louisiana22
Massachusetts81
Maryland57
Maine14
Michigan75
Minnesota29
Missouri42
Mississippi9
Montana2
North Carolina71
North Dakota5
Nebraska9
New Hampshire8
New Jersey72
New Mexico13
Nevada13
New York148
Ohio84
Oklahoma12
Oregon25
Pennsylvania118
Rhode Island16
South Carolina28
South Dakota3
Tennessee28
Texas122
Utah11
Virginia81
Vermont5
Washington58
Wisconsin30
West Virginia5
Wyoming5
International1
Total2,156

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