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LAKEWOOD YACHT CLUB

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Public IRS 990 nonprofit record

LAKEWOOD YACHT CLUB

EIN 74-1224480 · Recreation & Sports (N)

What they do

LAKEWOOD YACHT CLUB PROVIDES AN EXCLUSIVE YACHTING ENVIRONMENT for THE BENEFIT of ITS MEMBERS. DIVERSE SOCIAL and RECREATIONAL NEEDS ARE MET WHILE FOSTERING A SENSE of COMARADERIE. MEMBER PARTICIPATION ENSURES THAT THE CLUB PROVIDES SERVICES and FACILITIES THAT CATER to THEIR MUTUAL INTERESTS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$104.00spent for every $100 of revenueSpending was higher than revenue this year.
13.66%of revenue went to management and office costs13.1% of expenses
$1.05in assets for every $1 spent this yearSome assets cannot be spent right away.
0.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $297,664 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $238,076 for KELLY HOLST (GENERAL MANAGER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,445,760
Mission workProgram services0.00% of revenue0.0% of expenses
ManagementOffice and general costs$1,016,99813.66% of revenue13.1% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$7,743,424104.00% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$7,445,760
Expenses$7,743,424
Annual shortfall $297,664 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$1,016,998 · 13.1% of expenses
See all reported dollar amounts
Revenue$7,445,760
Expenses$7,743,424
Assets$8,111,591
Income$7,445,760
Contributions$21,845
Management and general$1,016,998
Accounting fees$23,492
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
KELLY HOLSTGENERAL MANAGER · 40 hrs/week $238,076Base $229,241 · Other $8,835
MARK LAUERASST GENERAL MANAGER · 40 hrs/week $126,250Base $121,788 · Other $4,462
DONDALD MCDONALDCHEF · 40 hrs/week $116,035Base $114,515 · Other $1,520
WALTER TERRY FLYNNWATERFRONT DIRECTOR · 40 hrs/week $104,899Base $101,179 · Other $3,720

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

KELLY HOLSTGENERAL MANAGER

MARK LAUERASST GENERAL MANAGER

DONDALD MCDONALDCHEF

WALTER TERRY FLYNNWATERFRONT DIRECTOR

DWAYNE BREAUXDIRECTOR

DWIGHT BENGTSONCOMMODORE

GARROW WESSENDORFFDIRECTOR

GARY GARNETTDIRECTOR

JAY BRINKMANNDIRECTOR/TREASURER

JAY JOHNSONSECRETARY/DIRECTOR

DUANE GUIDRYVICE COMMODORE

LINDA WEIDMANNDIRECTOR

MARIE WISEREAR COMMODORE CAPTAIN

DAVID COMEAUXFLEET CAPTAIN DIRECTOR

NAT KEMBERLINGDIRECTOR

PAUL DUNPHEYFORMER COMMODORE

PHIL ELTINGDIRECTOR

RICHARD TOMLINSONDIRECTOR

STEPHEN GUERINDIRECTOR

About this charity

Recognized since
January 1958
Location
2322 LAKEWOOD YACHT CLUB DR, SEABROOK, TX 77586-3415
County
Harris
In care of
% KELLY HOLST
Primary officer
KELLY HOLST, GENERAL MANAGER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
EEPB
NTEE classification
Recreation & Sports (N)
IRS tax category
Recreation & Sports

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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