Island Bay Yacht Club

Springfield, IL
Tax-exempt since Aug. 1936
EIN: 37-0609211

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Type of Nonprofit

Designated as a 501(c)(7) Social and recreational clubs.

Donations to this organization are not tax deductible.

Details

According to its Sept. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$2.7M (2023)

Expenses

$2.8M (2023)

Total Assets

$4.87M (2023)

Total Liabilities

$1.37M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Revenue

$2,704,710

Expenses

$2,804,802

Net Income

-$100,092

Net Assets

$3,507,531

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,921,042	71.0%
Program Services	$127,759	4.7%
Investment Income	$13,367	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$643,020	23.8%
Other Revenue	-$478

Notable Expenses		Percent of Total Expenses
Executive Compensation	$124,582	4.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,254,278	44.7%

Assets/Debt
Total Assets	$4,874,681
Total Liabilities	$1,367,150
Net Assets	$3,507,531

Club or Co-Op Income
Initiation Fees & Contributions	$482,102
Income From Public Use of Club Facilities	$148,775

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Tregoning (General Manager)	$112,206	$0	$12,375
Brandy Loftus (Commodore)	$0	$0	$0
Alex Rabin (Vice Commodore)	$0	$0	$0
Kathy Ridley (Rear Commodore/Director)	$0	$0	$0
Chris Hanken (Past Commodore)	$0	$0	$0
Ken Day (Treasurer)	$0	$0	$0
Lj Powell (Secretary/Director)	$0	$0	$0
Sarah Chandler (Director)	$0	$0	$0
Diana Jordan (Director)	$0	$0	$0
Mike Reisinger (Director)	$0	$0	$0
Mike S Johnson (Director)	$0	$0	$0
Scott Larkin (Director)	$0	$0	$0
Trevor Wallner (Director)	$0	$0	$0
Nancy Peterson (Director)	$0	$0	$0
Missy Grady (Director)	$0	$0	$0

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990

Filed on Feb. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Sept.
2022

Revenue

$2,540,644

Expenses

$2,602,125

Net Income

-$61,481

Net Assets

$3,607,623

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,703,378	67.0%
Program Services	$99,001	3.9%
Investment Income	$1,487	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$717,735	28.3%
Other Revenue	$19,043	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$124,073	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,169,403	44.9%

Assets/Debt
Total Assets	$5,104,323
Total Liabilities	$1,496,700
Net Assets	$3,607,623

Club or Co-Op Income
Initiation Fees & Contributions	$482,928
Income From Public Use of Club Facilities	$203,649

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Tregoning (General Manager)	$111,698	$0	$12,375
Chris Hanken (Commodore)	$0	$0	$0
Brandy Loftus (Vice Commodore)	$0	$0	$0
Alex Rabin (Rear Commodore/Director)	$0	$0	$0
Paul Kiel (Past Commodore)	$0	$0	$0
Ken Day (Treasurer)	$0	$0	$0
Kathy Ridley (Secretary/Director)	$0	$0	$0
Elizabeth Drea (Director)	$0	$0	$0
Jim Borland (Director)	$0	$0	$0
Lj Powell (Director)	$0	$0	$0
Sarah Chandler (Director)	$0	$0	$0
Diana Jordan (Director)	$0	$0	$0
Mike Reisinger (Director)	$0	$0	$0
Mike S Johnson (Director)	$0	$0	$0
Scott Larkin (Director)	$0	$0	$0

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990

Filed on Feb. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Sept.
2021

Revenue

$2,764,221

Expenses

$2,230,502

Net Income

$533,719

Net Assets

$3,669,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,001,622	72.4%
Program Services	$99,371	3.6%
Investment Income	$327	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$660,024	23.9%
Other Revenue	$2,877	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$116,296	5.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$936,239	42.0%

Assets/Debt
Total Assets	$5,405,974
Total Liabilities	$1,736,870
Net Assets	$3,669,104

Club or Co-Op Income
Initiation Fees & Contributions	$503,383
Income From Public Use of Club Facilities	$139,575

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Steve Cappellin (Retiring Commodore)	$0	$0	$0
Paul Kiel (Commodore)	$0	$0	$0
Ken Day (Treasurer)	$0	$0	$0
Chris Hanken (Vice Commodore)	$0	$0	$0
Elizabeth Drea (Director)	$0	$0	$0
Jim Borland (Director)	$0	$0	$0
Cris Lust (Director)	$0	$0	$0
Alex Rabin (Secretary/Director)	$0	$0	$0
Brandy Loftus (Rear Commodore/Director)	$0	$0	$0
Lj Powell (Director)	$0	$0	$0
Sarah Chandler (Director)	$0	$0	$0
Diana Jordan (Director)	$0	$0	$0

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990

Filed on Aug. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2020

Revenue

$2,254,596

Expenses

$2,187,166

Net Income

$67,430

Net Assets

$2,911,994

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,593,001	70.7%
Program Services	$109,080	4.8%
Investment Income	$132	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$20
Net Inventory Sales	$530,971	23.6%
Other Revenue	$21,432	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$117,296	5.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$874,172	40.0%

Assets/Debt
Total Assets	$4,799,975
Total Liabilities	$1,887,981
Net Assets	$2,911,994

Club or Co-Op Income
Initiation Fees & Contributions	$467,552
Income From Public Use of Club Facilities	$67,371

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Steve Cappellin (Commodore)	$0	$0	$0
Paul Kiel (Vice Commodore)	$0	$0	$0
Don Evans (Retiring Commodore)	$0	$0	$0
Ken Day (Treasurer)	$0	$0	$0
Chris Hanken (Rear Commodore)	$0	$0	$0
Josh Potts (Director)	$0	$0	$0
Elizabeth Drea (Director)	$0	$0	$0
Jim Borland (Director)	$0	$0	$0
Cris Lust (Director)	$0	$0	$0
Alex Rabin (Director)	$0	$0	$0
Mary Beth Burke (Director)	$0	$0	$0
Brandy Loftus (Secretary/Director)	$0	$0	$0
Lj Powell (Director)	$0	$0	$0

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990

Filed on Aug. 12, 2021

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XML

Fiscal Year Ending Sept.
2019

Revenue

$2,393,652

Expenses

$2,405,973

Net Income

-$12,321

Net Assets

$2,844,564

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,551,445	64.8%
Program Services	$98,380	4.1%
Investment Income	$389	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$738,234	30.8%
Other Revenue	$5,204	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$116,432	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,018,114	42.3%

Assets/Debt
Total Assets	$4,835,660
Total Liabilities	$1,991,096
Net Assets	$2,844,564

Club or Co-Op Income
Initiation Fees & Contributions	$438,967
Income From Public Use of Club Facilities	$136,374

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2018

Revenue

$2,456,049

Expenses

$2,317,288

Net Income

$138,761

Net Assets

$2,856,885

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,508,459	61.4%
Program Services	$106,719	4.3%
Investment Income	$245	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$10,798	0.4%
Net Inventory Sales	$820,320	33.4%
Other Revenue	$9,508	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$116,604	5.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$943,057	40.7%

Assets/Debt
Total Assets	$4,964,271
Total Liabilities	$2,107,386
Net Assets	$2,856,885

Club or Co-Op Income
Initiation Fees & Contributions	$428,685
Income From Public Use of Club Facilities	$145,001

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2017

Revenue

$2,327,502

Expenses

$2,342,959

Net Income

-$15,457

Net Assets

$2,717,326

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,452,552	62.4%
Program Services	$105,484	4.5%
Investment Income	$242	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$19,974	0.9%
Net Inventory Sales	$746,654	32.1%
Other Revenue	$2,596	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$116,349	5.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$979,223	41.8%

Assets/Debt
Total Assets	$5,044,020
Total Liabilities	$2,326,694
Net Assets	$2,717,326

Club or Co-Op Income
Initiation Fees & Contributions	$416,715
Income From Public Use of Club Facilities	$57,916

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2016

Revenue

$2,213,866

Expenses

$2,301,623

Net Income

-$87,757

Net Assets

$2,732,783

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,361,286	61.5%
Program Services	$105,165	4.8%
Investment Income	$252	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$500	0.0%
Net Inventory Sales	$745,218	33.7%
Other Revenue	$1,445	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$121,415	5.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$919,614	40.0%

Assets/Debt
Total Assets	$5,169,396
Total Liabilities	$2,436,613
Net Assets	$2,732,783

Club or Co-Op Income
Initiation Fees & Contributions	$407,216
Income From Public Use of Club Facilities	$168,461

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2015

Revenue

$2,204,597

Expenses

$2,006,662

Net Income

$197,935

Net Assets

$2,932,264

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,401,938	63.6%
Program Services	$99,831	4.5%
Investment Income	$225	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,600	0.2%
Net Inventory Sales	$699,003	31.7%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$117,326	5.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$821,529	40.9%

Assets/Debt
Total Assets	$5,460,120
Total Liabilities	$2,527,856
Net Assets	$2,932,264

Club or Co-Op Income
Initiation Fees & Contributions	$415,329
Income From Public Use of Club Facilities	$99,279

Compensation

Key Employees and Officers	Compensation	Related	Other
Steve Koch (Commodore/Director)	$0	$0	$0
Mark Vasconcelles (Vice Commodore/Director)	$0	$0	$0
Jill Leka (Rear Commodore/Director)	$0	$0	$0
Jay Bartlett (Retiring Commodore/Director)	$0	$0	$0
Dave Porter (Secretary/Director)	$0	$0	$0
Mike Johnson (Treasurer/Director)	$0	$0	$0
Stacy Klein (Director)	$0	$0	$0
Jen Barkus (Director)	$0	$0	$0
Sam Xanders (Director)	$0	$0	$0
Steve Trutter (Director)	$0	$0	$0
David Holland (Director)	$0	$0	$0

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990

Filed on March 2, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2014

Revenue

$2,051,352

Expenses

$1,910,408

Net Income

$140,944

Net Assets

$2,734,329

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,384,528	67.5%
Program Services	$104,022	5.1%
Investment Income	$191	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$562,611	27.4%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$120,421	6.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$866,630	45.4%

Assets/Debt
Total Assets	$4,943,113
Total Liabilities	$2,208,784
Net Assets	$2,734,329

Club or Co-Op Income
Initiation Fees & Contributions	$421,362
Income From Public Use of Club Facilities	$64,255

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2013

Revenue

$2,120,534

Expenses

$1,861,182

Net Income

$259,352

Net Assets

$2,593,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,356,068	63.9%
Program Services	$105,739	5.0%
Investment Income	$195	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$2,864	0.1%
Sales of Assets	$0
Net Inventory Sales	$655,668	30.9%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$119,486	6.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$811,496	43.6%

Assets/Debt
Total Assets	$3,168,387
Total Liabilities	$575,002
Net Assets	$2,593,385

Club or Co-Op Income
Initiation Fees & Contributions	$416,479
Income From Public Use of Club Facilities	$79,175

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2012

Revenue

$2,017,461

Expenses

$1,868,101

Net Income

$149,360

Net Assets

$2,334,033

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,284,793	63.7%
Program Services	$106,853	5.3%
Investment Income	$314	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$625,501	31.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$119,202	6.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$839,315	44.9%

Assets/Debt
Total Assets	$3,082,538
Total Liabilities	$748,505
Net Assets	$2,334,033

Club or Co-Op Income
Initiation Fees & Contributions	$386,016
Income From Public Use of Club Facilities	$128,768

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$1,956,004

Expenses

$1,821,875

Net Income

$134,129

Net Assets

$2,190,095

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,227,479	62.8%
Program Services	$104,196	5.3%
Investment Income	$664	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,926	0.1%
Net Inventory Sales	$621,739	31.8%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$113,659	6.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$808,499	44.4%

Assets/Debt
Total Assets	$3,172,113
Total Liabilities	$982,018
Net Assets	$2,190,095

Club or Co-Op Income
Initiation Fees & Contributions	$373,040
Income From Public Use of Club Facilities	$132,388

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Island Bay Yacht Club

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $2.7M (2023)

Expenses $2.8M (2023)

Total Assets $4.87M (2023)

Total Liabilities $1.37M (2023)

Tax Filings by Year

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2011

Revenue

$2.7M (2023)

Expenses

$2.8M (2023)

Total Assets

$4.87M (2023)

Total Liabilities

$1.37M (2023)

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005