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Lake Veterans Club Inc

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Category: Recreation, Sports, Leisure, Athletics / Recreational, Pleasure, or Social Club (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$147k (2023)

Expenses
$194k (2023)

Total Assets
$75.9k (2023)

Total Liabilities
$7.08k (2023)

Source: Form 990 tax filings from 2014 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
$146,593
Expenses
$193,793
Net Income
-$47,200
Net Assets
$68,789
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,761
25.1%
Program Services $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 -$49,791
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $75,870
Total Liabilities $7,081
Net Assets $68,789
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
Terry Dawson (Treasurer) $24,500 $0 $0
Michael J Sobkowski (President/Co) $22,500 $0 $0
William Alderson (Senior V.P.) $0 $0 $0
Michael Duchac (Chaplain) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$193,052
Expenses
$153,720
Net Income
$39,332
Net Assets
$116,227
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,408
9.0%
Program Services $0
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $19,503
10.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $117,752
Total Liabilities $1,525
Net Assets $116,227
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
Terry Dawson (Treasurer) $10,375 $0 $0
Michael J Sobkowski (President/Co) $7,500 $0 $0
William Alderson (Senior V.P.) $0 $0 $100
Michael Duchac (Chaplain) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$56,772
Expenses
$93,019
Net Income
-$36,247
Net Assets
$76,895
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,307
16.4%
Program Services $0
Investment Income $41
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$14,198
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $78,225
Total Liabilities $1,330
Net Assets $76,895
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
William Alderson (Junior V.P.) $0 $0 $0
Michael Cobb (Chaplain) $0 $0 $0
Jean Dixson (Secretary) $0 $0 $0
Steve Rothschild (Vice Preside) $0 $0 $0
Michael J Sobkowski (President) $0 $0 $0
Gary Wentworth (Sargent At A) $0 $0 $0

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Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,517
Expenses
$105,975
Net Income
-$64,458
Net Assets
$75,914
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,136
36.5%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$15,255
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $77,582
Total Liabilities $1,668
Net Assets $75,914
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
Michael J Sobkowski (President) $5,500 $0 $0
Roland E Duquette (Vice Preside) $0 $0 $0
Larry Malcutt (Director) $0 $0 $0
Cw Marsh (Director) $0 $0 $0
Tom Maywalt (Secretary) $0 $0 $0
Denny Rowling (Junior V.P.) $0 $0 $0

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$120,479
Expenses
$155,658
Net Income
-$35,179
Net Assets
$140,372
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,204
7.6%
Program Services $0
Investment Income $431
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$21,598
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $146,755
Total Liabilities $6,383
Net Assets $140,372
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
Michael J Sobkowski (President) $4,800 $0 $0
Roland E Duquette (Vice Preside) $0 $0 $0
Larry Malcutt (Director) $0 $0 $0
Cw Marsh (Director) $0 $0 $0
Tom Maywalt (Secretary) $0 $0 $0
Denny Rowling (Junior V.P.) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$169,194
Expenses
$179,042
Net Income
-$9,848
Net Assets
$175,551
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,490
5.6%
Program Services $0
Investment Income $528
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $12,012
7.1%
Other Revenue $2,253
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $177,212
Total Liabilities $1,661
Net Assets $175,551
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
Michael J Sobkowski (President) $2,400 $0 $0
Roland E Duquette (Vice Preside) $0 $0 $0
Lindsay Cunningham (Junior V.P.) $0 $0 $0
Mary Hobson (Secretary) $0 $0 $0
Larry Malcuit (Director) $0 $0 $0
Brian Myers (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$179,345
Expenses
$164,496
Net Income
$14,849
Net Assets
$185,374
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,850
7.2%
Program Services $0
Investment Income $414
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $12,218
6.8%
Other Revenue $4,968
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $186,943
Total Liabilities $1,569
Net Assets $185,374
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
Michael J Sobkowski (President) $0 $0 $0
Roland E Duquette (Vice Preside) $0 $0 $0
Lindsay Cunningham (Junior V.P.) $0 $0 $0
Mary Hobson (Secretary) $0 $0 $0
Larry Malcuit (Director) $0 $0 $0
Brian Myers (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$163,548
Expenses
$145,215
Net Income
$18,333
Net Assets
$170,525
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,116
6.8%
Program Services $0
Investment Income $95
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$42
Net Inventory Sales $9,434
5.8%
Other Revenue -$945
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $172,458
Total Liabilities $1,933
Net Assets $170,525
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
Michael J Sobkowski (President) $0 $0 $0
Roland E Duquette (Vice Preside) $0 $0 $0
Lindsay Cunningham (Junior V.P.) $0 $0 $0
Mary Hobson (Secretary) $0 $0 $0
Larry Malcuit (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$166,235
Expenses
$140,453
Net Income
$25,782
Net Assets
$152,193
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,602
7.6%
Program Services $0
Investment Income $90
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $23,106
13.9%
Other Revenue $2,347
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $154,564
Total Liabilities $2,371
Net Assets $152,193
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
Mike Sobkowski (President) $0 $0 $0
Roland E Duquette (Vice Preside) $0 $0 $0
Lindsay Cunningham (Junior V.P.) $0 $0 $0
Mary Hobson (Secretary) $0 $0 $0
Carl Stout (Chaplain) $0 $0 $0
Larry Malcuit (Director) $0 $0 $0
Michael Fox (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$174,380
Expenses
$97,239
Net Income
$77,141
Net Assets
$126,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,873
14.3%
Program Services $0
Investment Income $101
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $28,327
16.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $128,157
Total Liabilities $1,746
Net Assets $126,411
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Dec.
2013

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

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.

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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

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