Sturgeon Bay Yacht Club Sail Training Foundation Inc
- Assets
- $284.9k
- Revenue
- $177.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Sturgeon Bay, WI
- Founding
- 10/1973
- Data as of
- 12/2021
- EIN
- 23-7186112
Organization Overview
Sturgeon Bay Yacht Club Sail Training Foundation Inc is located in Sturgeon Bay, WI. The organization was established in 1973. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sturgeon Bay Yacht Club Sail Training Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Sturgeon Bay Yacht Club Sail Training Foundation Inc generated $177.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $46.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SAIL TRAINING FOUNDATION IS: 1. TO TRAIN PERSONS IN ALL ASPECTS OF BOATING AND WATER SAFETY; 2. TO HOLD TITLE TO AND MAINTAIN WATERCRAFT AND RELATED EQUIPMENT; 3. TO ENGAGE IN OTHER LAWFUL ACTIVITY WHATSOEVER, DIRECTLY CONCERNED WITH THE FOREGOING, OR WHICH IS CALCULATED DIRECTLY OR INDIRECTLY TO PROMOTE THE INTEREST OF PERSONS IN WATERCRAFT AND WATER SAFETY.
Describe the Organization's Program Activity:
PROVIDE SAILING AND SAFETY INSTRUCTIONS TO MEMBERS OF THE COMMUNITY.
PURCHASE AND MAINTAIN SAILCRAFT AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Burk Rear Commodo | OfficerTrustee | 0 | $0 |
Inge Bacon Treasurer | OfficerTrustee | 0.5 | $0 |
Ed Piechna Commodore | OfficerTrustee | 2 | $0 |
Tim Graul Secretary | OfficerTrustee | 1 | $0 |
Amy Wagner Vice Commodo | OfficerTrustee | 1 | $0 |
Jennifer Hobart Judge Advoca | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,845 |
| Total Program Service Revenue | $21,028 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,110 |
| Net Gain/Loss on Asset Sales | -$748 |
| Net Income from Fundraising Events | $248 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$984 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $177,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,840 |
| Advertising and promotion | $0 |
| Office expenses | $584 |
| Information technology | $706 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $457 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,789 |
| Insurance | $8,248 |
| All other expenses | $1,885 |
| Total functional expenses | $46,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,765 |
| Net Land, buildings, and equipment | $262,513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $928 |
| Total assets | $284,901 |
| Accounts payable and accrued expenses | $16,576 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,323 |
| Net assets without donor restrictions | $249,578 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $284,901 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sturgeon Bay Yacht Club Sail Training Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
Travis Pointe Country Club Ann Arbor, MI | $3,693,496 | $5,450,943 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |
Conway Farms Golf Club Inc Lake Forest, IL | $28,236,778 | $8,719,837 |
Chicago Yacht Club Chicago, IL | $8,000,241 | $5,569,403 |
Green Bay Country Club Inc Green Bay, WI | $11,578,714 | $7,130,925 |