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Fifth Street Yacht Club Of Racine Inc

  • Racine, WI
  • Tax-exempt since June 1973
  • EIN: 39-6120087

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$223k (2023)

Expenses
$210k (2023)

Total Assets
$153k (2023)

Total Liabilities
$4.45k (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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$222,579
Expenses
$210,338
Net Income
$12,241
Net Assets
$148,527
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,564
18.7%
Program Services $44,501
20.0%
Investment Income $9
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $136,505
61.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $46,226
22.0%
Assets/Debt
Total Assets $152,981
Total Liabilities $4,454
Net Assets $148,527
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Chris Olson (Director) $0 $0 $0
Jim Muleski (Vice Commodore) $0 $0 $0
Todd Olson (Director) $0 $0 $0
Chuck Kaplan (Director) $0 $0 $0
Steve Anderson (Director) $0 $0 $0
Steve Gottschalk (Treasurer) $0 $0 $0
Roger Schlink (Rear Commodore) $0 $0 $0
Mike Fries (Recording Secre) $0 $0 $0
Thomas Michels (Commodore) $0 $0 $0
Chris Antonneau (Director) $0 $0 $0
Mike Bauer (Director) $0 $0 $0
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990
Filed on Nov. 13, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$179,163
Expenses
$167,835
Net Income
$11,328
Net Assets
$136,286
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,087
19.0%
Program Services $91,283
50.9%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $53,790
30.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $38,552
23.0%
Assets/Debt
Total Assets $140,181
Total Liabilities $3,895
Net Assets $136,286
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Chris Olson (Director) $0 $0 $0
Jim Muleski (Vice Commodore) $0 $0 $0
Todd Olson (Director) $0 $0 $0
Chuck Kaplan (Director) $0 $0 $0
Steve Anderson (Director) $0 $0 $0
Steve Gottschalk (Treasurer) $0 $0 $0
Roger Schlink (Rear Commodore) $0 $0 $0
Mike Fries (Recording Secre) $0 $0 $0
Thomas Michels (Commodore) $0 $0 $0
Chris Antonneau (Director) $0 $0 $0
Mike Bauer (Director) $0 $0 $0
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990
Filed on Nov. 15, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$201,415
Expenses
$193,091
Net Income
$8,324
Net Assets
$124,958
Notable Sources of Revenue Percent of Total Revenue
Contributions $43,591
21.6%
Program Services $143,098
71.0%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $14,724
7.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $31,868
16.5%
Assets/Debt
Total Assets $127,570
Total Liabilities $2,612
Net Assets $124,958
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Chris Olson (Director) $0 $0 $0
Gary Estep (Director) $0 $0 $0
Mike Pawelski (Director) $0 $0 $0
Brian Thellefsen (Director) $0 $0 $0
Todd Olson (Director) $0 $0 $0
Jim Muleski (Vice Commodore) $0 $0 $0
Thomas Michels (Commodore) $0 $0 $0
Al Goodman (Past Commodore) $0 $0 $0
Mike Fries (Recording Secretary) $0 $0 $0
Hal Sandkuhler (Financial Secretary) $0 $0 $0
Roger Schlink (Rear Commodore) $0 $0 $0
Steve Gottschalk (Treasurer) $0 $0 $0
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990
Filed on Nov. 14, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$135,110
Expenses
$133,617
Net Income
$1,493
Net Assets
$114,887
Notable Sources of Revenue Percent of Total Revenue
Contributions $493
0.4%
Program Services $74,831
55.4%
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $15,843
11.7%
Other Revenue $7,667
5.7%
Assets/Debt
Total Assets $117,845
Total Liabilities $2,958
Net Assets $114,887
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Al Goodman (Past Commodore) $0 $0
Thomas Michels (Commodore) $0 $0
Hal Sandkuhler (Financial Secretary) $0 $0
Steve Gottschalk (Treasurer) $0 $0
Todd Olson (Director) $0 $0
Gary Estep (Director) $0 $0
Chris Olson (Director) $0 $0
Roger Schlink (Rear Commodore) $0 $0
Jim Muleski (Vice Commodore) $0 $0
Brian Thellefsen (Director) $0 $0
Mike Pawelski (Director) $0 $0
Mike Fries (Recording Secretary) $0 $0
+ View more people

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990-EZ
Filed on Oct. 30, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$125,810
Expenses
$143,967
Net Income
-$18,157
Net Assets
$113,394
Notable Sources of Revenue Percent of Total Revenue
Contributions $717
0.6%
Program Services $70,778
56.3%
Investment Income $264
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $21,431
17.0%
Other Revenue $0
Assets/Debt
Total Assets $116,274
Total Liabilities $2,880
Net Assets $113,394
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Al Goodman (Past Commodore) $0 $0
Thomas Michels (Commodore) $0 $0
Hal Sandkuhler (Financial Secretary) $0 $0
Steve Gottschalk (Treasurer) $0 $0
Todd Olson (Director) $0 $0
Gary Estep (Director) $0 $0
Chris Olson (Director) $0 $0
Roger Schlink (Rear Commodore) $0 $0
Jim Muleski (Vice Commodore) $0 $0
Brian Thellefsen (Director) $0 $0
Mike Pawelski (Director) $0 $0
Mike Fries (Recording Secretary) $0 $0
+ View more people

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990-EZ
Filed on Nov. 3, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$113,976
Expenses
$135,432
Net Income
-$21,456
Net Assets
$131,551
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $63,083
55.3%
Investment Income $24
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $25,905
22.7%
Other Revenue $0
Assets/Debt
Total Assets $134,227
Total Liabilities $2,676
Net Assets $131,551
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Al Goodman (Past Commodore) $0 $0
Thomas Michels (Commodore) $0 $0
Hal Sandkuhler (Financial Secretary) $0 $0
Steve Gottschalk (Treasurer) $0 $0
Todd Olson (Director) $0 $0
Gary Estep (Director) $0 $0
Chris Olson (Director) $0 $0
Roger Schlink (Rear Commodore) $0 $0
Jim Muleski (Vice Commodore) $0 $0
Brian Thellefsen (Director) $0 $0
Mike Pawelski (Director) $0 $0
Mike Fries (Recording Secretary) $0 $0
+ View more people

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990-EZ
Filed on Oct. 24, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$129,974
Expenses
$132,647
Net Income
-$2,673
Net Assets
$153,007
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $69,304
53.3%
Investment Income $14
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $31,048
23.9%
Other Revenue $0
Assets/Debt
Total Assets $155,348
Total Liabilities $2,341
Net Assets $153,007
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Al Goodman (Commodore) $0 $0
Hal Sandkuhler (Financial Secretary) $0 $0
Steve Gottschalk (Treasurer) $0 $0
Phil Burmeister (Director) $0 $0
Gary Estep (Director) $0 $0
Dave Hagemann (Director) $0 $0
Russ Lasch (Vice Commodore) $0 $0
Jim Muleski (Rear Commodore) $0 $0
Brian Thellefsen (Director) $0 $0
Mike Pawelski (Director) $0 $0
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990-EZ
Filed on Oct. 2, 2018

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

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$136,400
Expenses
$135,473
Net Income
$927
Net Assets
$155,700
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $63,306
46.4%
Investment Income $8
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $32,636
23.9%
Other Revenue $0
Assets/Debt
Total Assets $161,161
Total Liabilities $5,461
Net Assets $155,700
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Al Goodman (Commodore) $0 $0
Jerry Ruud (Financial Secretary) $0 $0
Steve Gottschalk (Treasurer) $0 $0
Phil Burmeister (Director) $0 $0
Gary Estep (Director) $0 $0
Dave Hagemann (Director) $0 $0
Orville Johnson (Vice Commodore) $0 $0
Luke Bartoszuk (Rear Commodore) $0 $0
Denny Quella (Director) $0 $0
Larry Vail (Director) $0 $0
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990-EZ
Filed on May 18, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$135,492
Expenses
$133,074
Net Income
$2,418
Net Assets
$154,773
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $66,044
48.7%
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $39,545
29.2%
Other Revenue $527
0.4%
Assets/Debt
Total Assets $167,953
Total Liabilities $13,180
Net Assets $154,773
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Tom Michels (Commodore) $0 $0
Andy Perman (Financial Secretary) $0 $0
Roy Nelson (Treasurer) $0 $0
Brad Rasmussen (Director) $0 $0
Phil Burmeister (Director) $0 $0
Anne Michels (Director) $0 $0
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990-EZ
Filed on April 24, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$128,324
Expenses
$129,543
Net Income
-$1,219
Net Assets
$152,355
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $65,294
50.9%
Investment Income $2
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $31,853
24.8%
Other Revenue $0
Assets/Debt
Total Assets $171,036
Total Liabilities $18,681
Net Assets $152,355
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Tom Michels (Commodore) $0 $0
Andy Perman (Financial Secretary) $0 $0
Roy Nelson (Treasurer) $0 $0
Brad Rasmussen (Director) $0 $0
Phil Burmeister (Director) $0 $0
Anne Michels (Director) $0 $0
+ View more people

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990-EZ
Filed on June 16, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$101,748
Expenses
$132,907
Net Income
-$31,159
Net Assets
$153,574
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $49,654
48.8%
Investment Income $2
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $18,034
17.7%
Other Revenue $0
Assets/Debt
Total Assets $178,895
Total Liabilities $25,321
Net Assets $153,574
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Tom Michels (Commodore) $0 $0
Andy Perman (Financial Secretary) $0 $0
Roy Nelson (Treasurer) $0 $0
Brad Rasmussen (Director) $0 $0
Phil Burmeister (Director) $0 $0
Anne Michels (Director) $0 $0
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990-EZ
Filed on Nov. 18, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$138,934
Expenses
$131,120
Net Income
$7,814
Net Assets
$187,236
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $64,110
46.1%
Investment Income $10
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $44,463
32.0%
Other Revenue $0
Assets/Debt
Total Assets $216,825
Total Liabilities $29,589
Net Assets $187,236
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

990-EZ

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$114,132
Expenses
$117,381
Net Income
-$3,249
Net Assets
$179,422
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $61,510
53.9%
Investment Income $17
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $24,173
21.2%
Other Revenue $0
Assets/Debt
Total Assets $181,873
Total Liabilities $2,451
Net Assets $179,422
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

990-EZ

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

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

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

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

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

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

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

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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