Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
International Lightning Class
990EZ • Fiscal year 2023 • EIN 38-1230427
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.08x
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
35th percentile
Higher net margin than 35% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 42.9% of source-year revenue.
Asset Growth
54th percentile
Faster asset growth than 54% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Balance Sheet
Assets
Up$353,270
Up $9,814 (+2.9%) from 2022
Net Assets
Down$324,989
Down $4,563 (-1.4%) from 2022
Liabilities
Up$28,281
Up $14,377 (+103%) from 2022
Revenue And Expenses
Revenue
Up$111,816
Up $20,942 (+23%) from 2022
Expenses
Up$116,379
Up $26,773 (+30%) from 2022
Net Income
Down-$4,563
Down $5,831 (-460%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Nov 7, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $111,816
Mission and Program Overview
Mission
Promote the sport of sailing
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Upgraded Boat Grant Program equipment, purchased Lightning Hull 15600 | - | $42,582 |
| Enhanced International growth by holding back to back World Championships after cancelation of events during COVID, back to normal schedule | - | $14,611 |
| Engaging activity for under 30 membership with regatta entry subsidies | - | $5,845 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Laura Jeffers | Executive Secretary | FT | $47,920 | - | $47,920 |
| David Starck | President | PT | $0 | - | - |
| Bertie Werley | Treasurer | - | $0 | - | - |
| Julio Velez | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- International Lightning Class Assoc
- EIN
- 38-1230427
- Address
- 1528 BIG BASS DRIVE, Tarpon Springs, FL 34689
Signing Officer
- Name
- Laura Jeffers
- Title
- Secretary
- Phone
- 7279427969
- Signed
- 2024-11-07
- Discuss with paid preparer
- No
Preparer
- Firm
- Well Balanced Accounting Inc
- Address
- 1805 S Bellaire St 365, Denver, CO 80222
- Preparer
- Mary Jo Houser
- Phone
- 3036928363
Supplemental Narrative
Additional Explanations
List of grants and similar amounts paid Part I line 10
“Activity Limbaugh Fund Amount 6,510Activity ILCA Fund Amount 6,672Activity History Fund Activity Boat Grant Program Amount 7,849Activity Annual Fund”
Description of other expenses Part I line 16
“Description AmountTRAVEL 2,251BANK & CREDIT CARD PROCESSING FEES 3,822OFFICE SUPPLIES 665DUES 586AWARDS 6,735PROMOTIONS/ADVERTISING 6,919Other Exp 8,966REGATTA EXPENSES/REVITALIZATION 3,703INSURANCE 3,638DEPRECIATION EXPENSE 5,436”
Description of other assets Part II line 24
“Category Beginning of Year End of YearBOATS (NET OF DEPRECIATION) 45,882 65,446”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearPREPAID FEES 13,904 28,281”
Raw XML Appendix167 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LAURA JEFFERS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7279427969 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1528 BIG BASS DRIVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Tarpon Springs |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 34689 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 297574 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 287824 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 29069 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -4563 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 49227 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 343456 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 353270 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 21031 |
| IRS990EZ/GrossReceiptsAmt | 0 | 111816 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 6470 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 56425 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 329552 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 324989 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 329552 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 324989 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 2276 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 47920 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | David Starck |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Bertie Werley |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Julio Velez |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Laura Jeffers |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | EXECUTIVE SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 45882 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 65446 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 42721 |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROMOTE THE SPORT OF SAILING |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1124 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 19852 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Enhanced International growth by holding back to back World Championships after cancelation of events during COVID, back to normal schedule |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Engaging activity for under 30 membership with regatta entry subsidies |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | Upgraded Boat Grant Program equipment, purchased Lightning Hull 15600 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 14611 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 5845 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 42582 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 13904 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 28281 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 116379 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 63038 |
| IRS990EZ/TotalRevenueAmt | 0 | 111816 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.LIGHTNINGCLASS.ORG |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 76277 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 68317 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 68620 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 68553 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 56395 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 338162 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 29069 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 21593 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 17971 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 6420 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 22797 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 97850 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 6470 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 964 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 637 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 24398 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 3628 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 36097 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.92350 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.92880 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 436012 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 105346 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 89910 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 86591 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 74973 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 79192 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 436012 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 111816 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 90874 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 87228 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 99371 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 82820 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 472109 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity Limbaugh Fund Amount 6,510Activity ILCA Fund Amount 6,672Activity History Fund Activity Boat Grant Program Amount 7,849Activity Annual Fund |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountTRAVEL 2,251BANK & CREDIT CARD PROCESSING FEES 3,822OFFICE SUPPLIES 665DUES 586AWARDS 6,735PROMOTIONS/ADVERTISING 6,919Other Exp 8,966REGATTA EXPENSES/REVITALIZATION 3,703INSURANCE 3,638DEPRECIATION EXPENSE 5,436 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearBOATS (NET OF DEPRECIATION) 45,882 65,446 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearPREPAID FEES 13,904 28,281 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | List of grants and similar amounts paid Part I line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Laura Jeffers |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7279427969 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-11-07 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INTERNATIONAL LIGHTNING CLASS ASSOC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INTE |
| ReturnHeader/Filer/EIN | 0 | 381230427 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1528 BIG BASS DRIVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Tarpon Springs |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 34689 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 841217456 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Well Balanced Accounting Inc |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1805 S Bellaire St 365 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Denver |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 80222 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3036928363 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-11-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Mary Jo Houser |
| ReturnHeader/ReturnTs | 0 | 2024-11-11T10:28:19-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $353,270
- Liabilities
- $28,281
- Net assets
- $324,989
- Revenue
- $111,816
- Expenses
- $116,379
- Net income
- -$4,563