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ILYA SCOWLINES
A Publication of the Inland Lake Yachting Association
Volume 5, Issue 16

May 16, 2010



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Visit Facebook - ILYA The Big Inland page. Kelly Reese Hirn, Hospitality Chair,  invites your comments.

Schedule of Events

May
29 Memorial Day Laser -  Milwaukee
June
5-6 Lighthouse I-20 - Fond du Lac
23-26 MC Masters - Okoboji
25-27 I-20 ILYA Invitational - Cedar, IN
25 ILYA No Tears West - White Bear
29-30 TRAP X Senior -Pine
30- July 1 TRAP X Junior - Pine
July
6-7 Quad Lakes Invitational X - Beulah 8-11 ILYA E Invitational - Minnetonka
8-11 ILYA MC Invitational - Cedar Lake, WI
9-11 Melges 17/M-16 Champs -  Pewaukee
15-18 ILYA C Invitational - Lake Beulah
24 No Tears Alumni Race - Pine Lake - all welcome
26 ILYA No Tears East - 20th anniversary - Pine
28-31 ILYA X Champs - Pewaukee
31-1 D20 Laser Champs -
South Shore
August
1-3 ILYA Opti Champs-Okauchee
5-8 Interlake - Clear Lake, IA
6-8 ILYA I-20 Champs - Neenah Nodaway
11-21 ILYA Championships - Lake Geneva
A Scows - Aug 15-17
E Scows - Aug 11-14
C Scows - Aug 18-21
MC Scows - Aug 11-14
12 Pram Power -North Lake
12-15 US Laser Champs - Milwaukee
13-14 X Blue Chip - Cedar, WI
15-17 RWB Chip- LaBelle
20-22 ILYA Youth Champs (Laser and 420) - Calhoun
Will Haeger Takes A Division at Mallory Cup
Will at Mallory
The Mallory Cup is one of the most prestigious regattas in high school sailing. Twenty teams pre-qualify for participation in this Spring Doublehanded college-style event. Beulah's Will Haeger won A division sailing for Lake Forest HS in IL. With his B skipper, Haeger's team finished an overall fourth. Winning the event was Catholic Central from CA with another Beulah connection. Many of you recall Mary Ellen Brigden of ILYA X Champ fame. Nevin is her accomplished son who along with Will has made a name for himself on the HS scene.
Will sails a C boat during his summers and is a past top junior at the ILYA C champs in Okoboji. He won the MIR C event last summer beating father Kent - only this once.
Collegiate Nationals nears - May 25th start
collegiate nationalsCoaches and sailors from the ILYA will compete next week in the 2010 Collegiate Nationals. The UW lakefront is preparing for the event with boats on loan from many of our clubs: Pewaukee, Oshkosh, Beulah, Mendota, Cedar, LaBelle, Geneva and the Barkow Family. Harken will parade its new boat. Summerset Marine has generously donated a 23 foot inflatable which will serve as the rotation boat. Race committee names will also be familiar: Chip Mann, Russ Ackley, Mark Prange, Terry Bischoff and Dennis Gazana, John Porter, Bre Schmidt, Suzi Reese, Matt and Bekka Schmidt, David and Candace Porter. And to top it off, our ILYA members donated over $20,000 to make this an extravaganza to remember. Merchandise thanks to the Fredman and Kiernan families. The list goes on and on for our Midwest supporters.   
For event details, click here

It's not too late to support the Badger sailing team and the 2010 Collegiate Championships.  . Contact UW and Inland sailors Christine Porter (Beulah) and Leif Evensen (LaBelle) for more details.  Or click "Donate" to add your support.
Tech score for live results
Sailgroove for video and analysis
CollegeSailing.org for schedules and ICSA Info
Hang on to your pier!

 

Submitted by Jim Klauser
Recent actions taken by the Wisconsin legislature and governor have
resulted in more restrictions on piers and placements in waterways.
Click this link for a brief summary from Jim Klauser of things lake
property owners should minimally be aware.

Spring Regatta
Send us an article
Scowlines is happy to post your regatta, give you a paragraph or two or just add a link. Send your information to the ILYA for inclusion in next week's edition.
Lake Harriet Spring  Results
YOUR LAKE ASSOCIATION'S TAX EXEMPTION MIGHT BE IN JEOPARDY! Sorry, late!
From Wisconsin Association of Lakes
Does your lake association (not a lake district)hold a tax exemption from the IRS? If so, make sure that you file Form 990 by May 17 (next Monday!) or you may lose that exemption, forcing you to reapply preventing you from collecting deductible contributions.

Who does this apply to? ANY NON-PROFIT CORPORATION THAT HAS TAX EXEMPTION FROM THE IRS (MOST LIKELY A 501(C)3 ORGANIZATION)

In 2007 Congress passed a law that required all tax-exempt organizations to file an annual return. This changed a longstanding policy that organizations raising $25,000 or less in annual receipts were not required to take any action. Starting in 2007, those organizations were required to file at least a postcard return with the IRS. According to a recent story in the Non Profit Times, nearly 25% of non-profits in the United States face loss of their tax exemption if they do not file a return for 2009.

The IRS will give groups some leeway if they miss the deadline, right? NO - THE LAW GIVES THEM NO CHOICE BUT TO REVOKE THE TAX EXEMPTION.

Any organization that fails to file returns for three consecutive years automatically loses its tax exemption. According to the Non-Profit Times story, the IRS pressured Congress to give them leeway to simply suspend such organizations, but the law gives the Service no choice - ANY ORGANIZATION THAT DOES NOT FILE A 990 FOR THREE CONSECUTIVE YEARS AUTOMATICALLY LOSES THEIR EXEMPTION. To get the exemption back involves going through the entire time-consuming and costly application process again, and donations to revoked organizations would not be tax-deductible until the exemption was regained.

Okay, what do I have to do, and when?

The law requires organizations with $25,000 or less in annual receipts (including organizations that had $0 in receipts), to file Form 990-N, an electronic postcard filed online that asks for basic information about the organization. Organizations with more than $25,000 in revenue are required to file either Form 990-EZ or the full Form 990, depending on the amount of revenue. All of these forms are available from the IRS website's official page on the revocation issue, which you can find here.

These filings are all due four and a half months after the end of the organization's fiscal year. Most organizations run on the calendar year and thus need to file by May 15. Because in 2010 the 15th falls on a weekend, the actual deadline this year is May 17. Organizations can receive an extension for filing the form by filing Form 8868, but that form must also be postmarked no later than May 17.

How do I know if my organization is in jeopardy of losing its exemption?

First, if your return is postmarked by Monday, May 17, which it should be anyway, it won't matter because you'll avoid having three consecutive years without filing since 2007. But, you can check your status on this handy website, here.

How about some other links for more information?

- Our partner UW-Extension Lakes has a nice website with information and links to more sources, here.

- The National Center for Charitable Charitable Statistics has a nice site with info on the issue, here.

- The Non-Profit Times article on the matter can be found here.

- For lots on information on you tax-exemption and filing requirements in general, visit the IRS's page on non-profits, here.
UW Alumni - Come test your skill or enjoy the banquet
Sunday, May 30th
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Any past college sailors are invited to attend the Alumni Afterguard Regatta on Memorial Day Sunday. Come to Madison for the Sloops or Tech Racing during the Team Racing portion of the event. Click here to register.
Jim Smith looks a lot older today -- Grandfather!!
Editor's Note
It has been the editor's policy to not publish weddings, babies, personal celebrations but here is the exception. Jim Smith, Executive Secretary, is the proud grandfather of Finn, son of daughter Morgan. Now why the exception? Grandpa Jim purchased a cute Zazzle "onesie" (yes, he knows what that is) with the new Big Inland logo and a personalized "Finn" on the front. What is Zazzle? It is a webstore that will help Lake Geneva make money pre-event. Our regular merchandise will be available onsite but look at Zazzle for new items not available at the regatta. Those of you from Lake Geneva can order items with the LGYC  burgee. ILYA members can find items advertising the Annual Champs. Click the Ship's Store above and begin shopping!
ILYA OFFICE
ILYA logoILYA
PO Box 311
Fontana, WI 53125-0311
Phone: 262-203-7721
Fax: 262-203-7722
To submit articles, send to Candace Porter
Inland Lake Yachting Association website, click here.
To contact Executive Secretary Jim Smith, click here.
Use this area to provide your subscribers information about your organization.
Sincerely,

Candace Porter
Inland Lake Yachting Association