Clear Lake Yacht Club in Fremont, Indiana (IN)

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Clear Lake Yacht Club
Employer Identification Number (EIN)351083295
Name of OrganizationClear Lake Yacht Club
AddressPO BOX 668, Fremont, IN 46737-0668
ActivitiesCafeteria, restaurant, snack bar, food services, etc., Other recreational activities, Other social activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date11/1942
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$221,185
Amount of Income$115,470
Form 990 Revenue Amount$59,471


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Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$63,918
Contributions, gifts, grants, and similar amounts received$6,196
Program service revenue including government fees and contracts$0
Membership dues and assessments$51,940
Investment income$542
Gain from sale of assets other than inventory$0
Net loss from gaming and fundraising events$-4,840
Gross income from gaming$0
Gross income from fundraising events$23,294
Less: direct expenses from gaming and fundraising events$28,134
Gross profit from sales of inventory$10,080
Gross sales of inventory, less returns and allowances$37,090
Less: cost of goods sold$27,010
Other revenue$0
Total expenses$56,121
Total net assets$205,564
Excess for the year$7,797
Net assets or fund balances at beginning of year$197,767
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$205,564
Total liabilities$0
Net assets or fund balances$205,564
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
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