Civic Intelligence

Laser Regatta Squadron

EIN 23-7372614 • 501(c)7 • Hermitage, TN

Profile

The purposes of the Club shall be to promote sailing in all its branches; to help promote a code of ethics and safety for the waterways; to provide instruction in boat handling and seamanship; to form a social and activity nucleus for individuals and their families interested in yachting; to develop an active relationship with other sailing organizations; and to foster the Corinthian spirit of good fellowship. The Club will construct and maintain such facilities as are required to accomplish these purposes. The Club is not and shall not be maintained for pecuniary profits.

PO Box 8117Hermitage, TN 37076-9998

www.hiyc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2025

Net Margin

50th percentile

2.1%

Higher net margin than 50% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2025

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2025

Asset Growth

63rd percentile

5.9%

Faster asset growth than 63% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2022 to 2025

Revenue Growth

32nd percentile

-5.9%

Faster revenue growth than 32% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2022 to 2025

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$304,931

Up $5,892 (+2.0%) from 2024

Liabilities

Down

$2,297

Down $827 (-26%) from 2024

Net Assets

Up

$302,634

Up $6,719 (+2.3%) from 2024

Operations
Liabilities / Revenue66th percentileNet Margin50th percentile

Revenue

Up

$157,753

Up $5,681 (+3.7%) from 2024

Expenses

Up

$154,518

Up $15,282 (+11%) from 2024

Net Income

Down

$3,235

Down $9,601 (-75%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth63rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2017: $168,232Liabilities 2017: $0Net Assets 2017: $168,2322017Assets 2020: $225,226Liabilities 2020: $1,493Net Assets 2020: $223,7332020Assets 2021: $213,665Liabilities 2021: $2,340Net Assets 2021: $211,3252021Assets 2022: $256,966Liabilities 2022: $1,870Net Assets 2022: $255,0962022Assets 2023: $293,056Liabilities 2023: $4,325Net Assets 2023: $288,7312023Assets 2024: $299,039Liabilities 2024: $3,124Net Assets 2024: $295,9152024Assets 2025: $304,931Liabilities 2025: $2,297Net Assets 2025: $302,6342025

Highlighted filing

2025

Assets$304,931
Liabilities$2,297
Net Assets$302,634
Open 2025 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2017: $185,121Expenses 2017: $157,769Net Income 2017: $27,3522017Revenue 2020: $132,554Expenses 2020: $117,914Net Income 2020: $14,6402020Revenue 2021: $112,032Expenses 2021: $124,440Net Income 2021: -$12,4082021Revenue 2022: $189,362Expenses 2022: $145,591Net Income 2022: $43,7712022Revenue 2023: $183,049Expenses 2023: $154,298Net Income 2023: $28,7512023Revenue 2024: $152,072Expenses 2024: $139,236Net Income 2024: $12,8362024Revenue 2025: $157,753Expenses 2025: $154,518Net Income 2025: $3,2352025

Highlighted filing

2025

Revenue$157,753
Expenses$154,518
Net Income$3,235
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$304,931
Liabilities
$2,297
Net assets
$302,634
Revenue
$157,753
Expenses
$154,518
Net income
$3,235
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.05$0.02$3.03$1.58$1.55$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.99$0.03$2.96$1.52$1.39$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.93$0.04$2.89$1.83$1.54$0.29
2022Detailed filing. Detailed filing data is available for this year.$2.57$0.02$2.55$1.89$1.46$0.44
2021Detailed filing. Detailed filing data is available for this year.$2.14$0.02$2.11$1.12$1.24$0.12
2020Detailed filing. Detailed filing data is available for this year.$2.25$0.01$2.24$1.33$1.18$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$1.85$1.58$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Jun 4, 2025
Return Version
2024v5.0
Gross Receipts
$157,753
Mission and Program Overview

Mission

Sailboat training, racing, cruising and social events for sailors. We are a group of friends who get together to enjoy the sport of sailing.

The purposes of the Club shall be to promote sailing in all its branches; to help promote a code of ethics and safety for the waterways; to provide instruction in boat handling and seamanship; to form a social and activity nucleus for individuals and their families interested in yachting; to develop an active relationship with other sailing organizations; and to foster the Corinthian spirit of good fellowship. The Club will construct and maintain such facilities as are required to accomplish these purposes. The Club is not and shall not be maintained for pecuniary profits.

Program Services

DescriptionGrantsExpenses
Competitive, instructional and charitable event for members, other sailing organizations and the middle Tennessee community at large through out the year-$16,518
Variety of social and charitable events for members, visiting competitors and the middle Tennessee community at large$0$10,412
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim ParshallCommodorePT$0--
Jay PigueVice CommodorePT$0--
Asa HartleySecretaryPT$0--
Jeff SonsinoBoard MemberPT$0--
Andy CarsonBoard MemberPT$0--
Linda MorrisBoard MemberPT$0--
Brian SmoklerRear CommodorePT$0--
Tom HinesTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Laser Regatta Squadron
EIN
23-7372614
Phone
6153617118
Address
PO Box 8117, Hermitage, TN 37076-9998

Signing Officer

Name
tim Parshall
Title
Commodore
Phone
6154912758
Signed
2025-06-04
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“Annual support of 501(c)(3) subsidiary, Nashville Sailing Foundation and other Charitable Contribution”

Form 990-EZ, Part I, Line 16

“Description;Amount^6311 Program expense Ship's Store;1220|6312 Program expense Race Committee;9192|6324 Program expense Social Committee;16518^Total;26930^”

Form 990-EZ, Part I, Line 20

“Description;Amount^Recording errors of receivables;3484^Total;3484^”

Form 990-EZ, Part II, Line 26

“Taxes payable”

Raw XML Appendix156 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Hermitage
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0370769998
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice Commodore
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Rear Commodore
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Treasurer
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherExpensesTotalAmt026930
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The purposes of the Club shall be to promote sailing in all its branches; to help promote a code of ethics and safety for the waterways; to provide instruction in boat handling and seamanship; to form a social and activity nucleus for individuals and their families interested in yachting; to develop an active relationship with other sailing organizations; and to foster the Corinthian spirit of good fellowship. The Club will construct and maintain such facilities as are required to accomplish these purposes. The Club is not and shall not be maintained for pecuniary profits.
IRS990EZ/PrintingPublicationsPostageAmt011136
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IRS990EZ/WebsiteAddressTxt0www.hiyc.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Annual support of 501(c)(3) subsidiary, Nashville Sailing Foundation and other Charitable Contribution
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^6311 Program expense Ship's Store;1220|6312 Program expense Race Committee;9192|6324 Program expense Social Committee;16518^Total;26930^
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0tim Parshall
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Commodore
ReturnHeader/BusinessOfficerGrp/PhoneNum06154912758
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LASER REGATTA SQUADRON
ReturnHeader/Filer/BusinessNameControlTxt0LASE
ReturnHeader/Filer/EIN0237372614
ReturnHeader/Filer/PhoneNum06153617118
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 8117
ReturnHeader/Filer/USAddress/CityNm0Hermitage
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd0370769998
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-06-04T15:41:32-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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