Little Traverse Sailors
- Assets
- $301.6k
- Revenue
- $274.6k
- Investments
- $0.0
- Employees
- 17
- Location
- Harbor Springs, MI
- Founding
- 08/1972
- Data as of
- 09/2023
- EIN
- 38-1982686
Organization Overview
Little Traverse Sailors is located in Harbor Springs, MI. The organization was established in 1972. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Little Traverse Sailors employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Traverse Sailors 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 09/2023, Little Traverse Sailors generated $274.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $289.5k during the year ending 09/2023. While expenses have increased by 7.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD LIFELONG SAILORS, BY PROVIDING A SAFE AND FUN LEARNING ENVIRONMENT FOR YOUTH AND ADULTS.
Describe the Organization's Program Activity:
TAUGHT YOUTH AND ADULT SAILORS IN LEARN-TO-SAIL AND A RACING PROGRAM. BOTH GROUP SESSIONS AND PRIVATE LESSONS WERE AVAILABLE WHICH OFFERED FUN AND SAFE OPPORTUNITIES TO LEARN ON-THE-WATER SKILLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Breckenfeld Director | Trustee | 1 | $0 |
Sarah O'brien Director | Trustee | 1 | $0 |
Mara Lowry Director | Trustee | 1 | $0 |
Martin Grin Director | Trustee | 1 | $0 |
Merritt Keffer President | OfficerTrustee | 2 | $0 |
David Lamarche Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,771 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,771 |
| Total Program Service Revenue | $195,798 |
| Investment income | $1,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,835 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,530 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,000 |
| Compensation of current officers, directors, key employees. | $5,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,630 |
| Information technology | $1,979 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,543 |
| Insurance | $16,619 |
| All other expenses | $6,941 |
| Total functional expenses | $289,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,125 |
| 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 | $3,546 |
| Net Land, buildings, and equipment | $81,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,728 |
| Total assets | $301,635 |
| Accounts payable and accrued expenses | $6,476 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $603 |
| Total liabilities | $7,079 |
| Net assets without donor restrictions | $0 |
| 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 | $294,556 |
| Total liabilities and net assets/fund balances | $301,635 |