EIN: 59-0587130 · LAKELAND, FL · Data spans: TY2020–TY2024
Most recent filing: Tax Year 2024.
A more recent filing may not yet be published.
Sailing's public record, made legible. All numbers come directly from this organization's own sworn 990 filing. Patterns are computed from years of filings — not assessments or judgments.
Read trends in context: compare like with like, note the filing year, and treat major disruptions (like 2020–2021) as discontinuities rather than a continuous baseline.
Missing or N/A does not always mean absent. It can mean the item was not disclosed on that form, not collected on that filing type, or not available for that year.
$2,911,584
$3,342,040
$6,218,512
$2,906,809
102 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2024 · 990
Total compensation, benefits & payroll taxes (Part IX)
TY2024$1,835,339
Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.
~$18,000 per employee ⓘ — average across 102 W-2 employees; includes benefits & payroll taxes; part-time and seasonal staff counted at full weight.
Named officers/key employees (Part VII‑A) show reportable compensation only and are already included in the Part IX total above. They are not additive.
Professional & consulting fees (Part IX, line 11)
No professional or consulting fees reported in Part IX for TY2024.
Functional Expense Allocation (Part IX)
TY2024$3,342,040total functional expenses
71.1%
Program services
$2,376,950
28.9%
Management & general
$965,090
0.0%
Fundraising
$0
Source: Form 990, Part IX, line 25. A higher program-service percentage generally indicates more mission-directed spending.
Historical Trends
Revenue vs. Expenses
Net Revenue / Operating Margin
Net Assets
Revenue Trend
| Tax Year | Period | Form | Revenue | Expenses | Net Revenue | Net Assets |
|---|---|---|---|---|---|---|
| TY2020 | 2020–2021 | 990 | $2,051,722 | $2,332,223 | -$280,501 | $3,562,014 |
| TY2021 | 2020–2021 | 990 | $2,196,472 | $2,489,119 | -$292,647 | $3,269,367 |
| TY2022 | 2022+ | 990 | $2,709,675 | $2,799,651 | -$89,976 | $3,179,564 |
| TY2023 | 2022+ | 990 | $3,193,386 | $3,035,685 | $157,701 | $3,337,265 |
| TY2024 | 2022+ | 990 | $2,911,584 | $3,342,040 | -$430,456 | $2,906,809 |
Revenue trend is a filing-history view. It helps you compare operating periods, not infer the club's live condition today.
Revenue Breakdown (Part VIII — most recent year)
Form 990, Part VIII — Statement of Revenue. Includes, but is not limited to: Line 1 = contributions and grants (including member dues reported as contributions). Lines 2a–2f = program service revenue (activities that directly further the organization's exempt purpose). Line 3 = investment income. The specific mix varies by organization type. Source: the organization's own sworn filing.
| Line | Description | Amount |
|---|---|---|
| 12 | Total revenue | $2,911,584 |
| 2a | MEMBERSHIP DUES | $1,736,958 |
| 2b | INITIATION FEES | $67,000 |
| 2c | KIDS CLUB FEES | $53,966 |
| 2d | POOL FEES | $10,709 |
| 2e | TENNIS FEES | $1,922 |
| 2f | Total program service revenue | $2,141,113 |
Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.
Balance Sheet (Part X)
TY2024| Line | Description | BOY | EOY |
|---|---|---|---|
| 16 | Total assets | $6,629,148 | $6,218,512 |
| 26 | Total liabilities | $3,291,883 | $3,311,703 |
| 33 | Total net assets or fund balances | $3,337,265 | $2,906,809 |
Source: Form 990, Part X, Balance Sheet.
Officers & Key Staff (Part VII)
How to read this section
This is not a full staff directory. It is the subset of people the organization had to disclose in Form 990, Part VII (the officer, director, trustee, key employee, and highest-compensated employee section of the filing). Why this matters: a missing name does not mean a person was not employed or involved.
Total Volunteer Board Hours/Week (Selected Year): 16
Hours per week are self-reported by each officer on Form 990, Part VII. They are not verified.
Officers and directors as reported on Form 990, Part VII. These are typically unpaid, elected positions. If an officer receives compensation, it will appear in the Paid Staff tab.
Operationally, this section is most useful for understanding disclosed leadership structure, compensation visibility, and board labor — not for reconstructing the full staffing model of a club.
| Name | Title | Hours/Week | Status |
|---|---|---|---|
| BLAKE PAUL | CHAIR | 4 | Volunteer |
| MICHAEL EHLENBECK | VICE CHAIR | 4 | Volunteer |
| TRICIA BUSHN | TREASURER | 4 | Volunteer |
| ROBERT HUDSON | SECRETARY | 4 | Volunteer |
Governance & Transparency Signals
The IRS Form 990 is a sworn disclosure document — not just a tax return. Beyond financials, it captures governance policies, compensation practices, and relationships between insiders and the organization. Every category below comes directly from that filing. When a field is blank, it is often because this form type doesn’t require it, or the org doesn’t meet the threshold that triggers disclosure. That context is itself worth knowing.
Conflict of Interest Policy
Form 990, Part VI — Line 12a
This organization has a written conflict of interest policy requiring officers, directors, and key employees to disclose any personal financial interest in a pending decision — and to step back from that vote. Examples in the sailing world: a board member whose construction company is bidding on a dock renovation, or a director who refers their spouse’s firm for the annual audit. Having a policy doesn’t eliminate conflicts; it creates a documented process for surfacing and managing them. Only 41% of organizations in this corpus report having one.
Whistleblower Protection Policy
Form 990, Part VI — Line 13
No whistleblower protection policy reported. Without a documented process, a staff member or volunteer who notices irregular transactions has no protected channel to report it — and no written assurance they won’t face consequences for raising the issue. The IRS added this question in 2008 following Sarbanes-Oxley. Absence does not imply wrongdoing; many small clubs haven’t formalized this in writing even when informal norms are healthy.
Officer & Key Employee Compensation (Part VII)
Form 990, Part VII — Named individuals with reportable compensation
No individual compensation reported for this organization in the most recent filing.
This is the norm for volunteer-run sailing clubs. Part VII still exists in the filing — it simply shows $0 compensation for all listed officers and directors, meaning this club is led entirely by unpaid volunteers. When you see compensation appear here in other organizations, it marks a meaningful transition: the club has grown to the point where professional management was hired. The largest clubs in this corpus — those above $3M in revenue — are the most likely to have paid executive staff.
Independent Compensation Consultant
Schedule J, Part I — Organizations filing when comp exceeds $150K
Schedule J not required for this organization.
Schedule J is only filed when at least one individual in Part VII received more than $150,000 in total compensation. This organization doesn’t meet that threshold, so this schedule is not required. Among the 35.7% of organizations in this corpus that do file Schedule J, 35.7% used an independent compensation consultant. When Schedule J IS required, this question asks whether the board hired an outside firm — unconnected to the organization — to benchmark executive pay against market rates. It reduces the risk that a board approves whatever the ED requests rather than what comparable organizations actually pay.
Equity-Based Compensation
Schedule J, Part II — Per-person compensation detail
Schedule J not required for this organization.
Related-Party Transactions (Schedule L)
Schedule L — Transactions with Interested Persons (officers, directors, their families, controlled entities)
Schedule L requires disclosure of loans, grants, and business transactions between the organization and its own insiders — board members, officers, key employees, and their family members or entities they control. Nonprofits are not prohibited from transacting with insiders, but they must disclose it, follow fair-market-value standards, and document that the transaction benefited the organization, not just the insider. These disclosures exist because self-dealing is the most direct way nonprofit assets can flow to those in control.
4 transactions found across all available filing years. Sorted largest to most recent.
| Person / Entity | Relationship | Type | Amount | Year |
|---|---|---|---|---|
| — | MEMBER OWNED | loan | $214,262 | 2023 |
| — | MEMBER OWNED | loan | $314,038 | 2022 |
| — | MEMBER OWNED | loan | $409,576 | 2021 |
| — | MEMBER OWNED | loan | $500,000 | 2020 |
⚠️ Entity-controlled transactions detected. One or more transactions involve an entity owned or controlled by a board officer. Even if terms are fair, this is a related-party transaction of the highest order: the lender has direct influence over whether the loan is repaid, on what terms, and whether it was structured to benefit the club or themselves. Key questions: Was interest charged at market rate? Did a disinterested board majority approve it? Is there a documented repayment schedule?
📋 Context note. Where available, transactional context may be supplemented by audited financial statements or other independent disclosures that are not derived from 990 XML data alone. When an independent audit confirms the terms, repayment schedule, and arm's-length pricing of a related-party loan, the transaction carries a materially different risk profile than the 990 alone would suggest.
Voting Board Members
242
Independent Members
242
Total Employees
102
Total Volunteers
0
Schedule O — Supplemental Information (most recent year)
Organizations use Schedule O to provide additional explanation for answers given on the main 990 form. These are direct excerpts from the filed document.
FORM 990, PART VI, SECTION A, LINE 7A
MEMBERS IN ALL CLASSES EXCEPT FOR NON-EQUITY MAY ATTEND THE CLUB'S ANNUAL MEETING AND VOTE IN THE ELECTION OF OFFICERS & THE BOARD OF DIRECTORS AND ON PROPOSED AMENDMENTS TO THE CLUB'S BYLAWS.
FORM 990, PART VI, SECTION A, LINE 7B
MEMBERS IN ALL CLASSES EXCEPT FOR NON-RESIDENT MAY ATTEND THE CLUB'S ANNUAL MEETING AND VOTE IN THE ELECTION OF OFFICERS & THE BOARD OF DIRECTORS AND ON PROPOSED AMENDMENTS TO THE CLUB'S BYLAWS.
FORM 990, PART VI, SECTION A, LINE 6
THE MEMBERSHIP OF THE LAKELAND YACHT AND COUNTRY CLUB SHALL CONSIST OF THOSE PERSONS ALREADY MEMBERS ON THE EFFECTIVE DATE OF THE AMENDED BYLAWS, AND THOSE HEREAFTER ELECTED TO MEMBERSHIP IN ACCORDANCE WITH THE CHARTER AND BYLAWS OF THE CORPORATION. MEMBERSHIP OF THE CLUB SHALL BE LIMITED TO PERSONS OF GOOD CHARACTER AND SOCIAL HABITS. MEMBERSHIP IN THE CLUB SHALL NOT GIVE ANY MEMBER ANY VESTED RIGHT, INTEREST OR PRIVILEGE, IN OR TO THE ASSETS, FUNCTIONS, AFFAIRS OR FRANCHISES OF THE CLUB OR ANY…
FORM 990, PART VI, SECTION B, LINE 11B
THE ORGANIZATION APPOINTS THE FINANCE/AUDIT COMMITTEE WITH THE DETAILED REVIEW OF FORM 990. THE GENERAL MANAGER AND CONTROLLER ATTEND FINANCE/AUDIT COMMITTEE MEETINGS AS STAFF ADVISORS. THE FINANCE/AUDIT COMMITTEE REPORTS ON THE FORM 990 REVIEW TO THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 12C
THE BOARD REGULARLY DISCUSSES THE POTENTIAL FOR REAL OR APPEARANCES OF ANY CONFLICT OF INTEREST. ANY ISSUES ARE REMEDIED IMMEDIATELY.
Mission
TO BIND ITS MEMEBERS TOGETHER IN A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
As stated in the organization's 990 filing.
IRS Source Filings
Source filings are IRS e-file records in XML (Extensible Markup Language) format — a structured data standard used by the IRS for electronic filing. If you open one of these links, it will look like code. That's not an error — that's what XML looks like. Harbor Commons processes this raw XML and presents the structured, readable view you see above.
Why this matters: the XML is the receipt. Harbor Commons is the reading layer on top of that receipt. If you ever need to verify a number, wording choice, or disclosure, the source filing is where to check.
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