Leatherlips Yacht Club Inc
Public records raise at least one point you should look into before giving.
What it says it does
To provide the necessary facilities for sailing enthusiasts to participate in pleasure sailing, provide learn to sail activities for children and adults, and to conduct, promote and participate in local and national sailboat racing events with a focus on safety.
- Income
- $163,022
- Spending
- $140,524
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- Sports Competitions Programs; Hosted and provided safety equipment for 49 sailing races from May through October for members and guests; In addition, there were 11 regattas: Each regatta is a minimum of 3 races. The Laser fleet also held 120 races on Tuesday nights throughout the sailing season. A Junior Racing Team was active with 12 children and 4 adult coaches. The racing team practiced weekly and attended regattas. A high school Sailing Team was active for the 4th year with 17 spring participants and 19 fall participants, and 3 coaches. (Some students participated in both) They practiced weekly and participated in regattas. Non-racing recreational boating activity by members in their sailboats, kayaks and rowing shells also is a significant activity, but participation levels are not recorded or tracked.
- Boating Programs: Provided sailing instruction to 154 students (children and adults) in the Sailing School program. Various sizes of club owned boats were used to accomodate a wide variety of skill and age. Many students were first time sailors.
- Leisure, Recreational and Safety Activities: Our social activites during the year included 4 picnics following holiday club regattas. There were 28 Friday night potlucks, a commodore's reception, and 2 work parties. Our annual awards banquet took place in January. Our Racing and Safety Chairman provided classes to members on how to serve on race committees and boat safety. The Junior race team offered a boat wash to raise funds so that they could attend regattas and pay their coach. A CPR course was held in November and a US Sailing Level 1 Instructor course was held in May.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(7) social or recreational club.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(7) social or recreational club as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1976.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.