Traverse Area Community Sailing
- Assets
- $282.8k
- Revenue
- $320.6k
- Investments
- $0.0
- Employees
- 27
- Location
- Traverse City, MI
- Founding
- 01/1996
- Data as of
- 12/2023
- EIN
- 38-3176833
Organization Overview
Traverse Area Community Sailing is located in Traverse City, MI. The organization was established in 1996. 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 12/2023, Traverse Area Community Sailing employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Traverse Area Community Sailing 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 12/2023, Traverse Area Community Sailing generated $320.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $335.2k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION, TRAINING, RECREATION AND SPORTS TO THE COMMUNITY THROUGH SAILING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING CAMPS AND INSTRUCTIONAL CLINICS FOR THE COMMUNITY TO PROMOTE RECREATION AND SPORTS THROUGH SAILING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Gorsline VP Marketing | Trustee | 8 | $0 |
Laurie Lapp VP Fin Resou | Trustee | 8 | $0 |
Tom Lechota Vice Preside | Trustee | 8 | $0 |
Ben Smith VP Technolog | Trustee | 8 | $0 |
Kristina Weidenfeller VP Programs | Trustee | 4.5 | $0 |
Tom Roop President | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,251 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,131 |
| Total Program Service Revenue | $198,140 |
| Investment income | $2,039 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,495 |
| Net Income from Fundraising Events | $11,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $320,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,712 |
| 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 | $181,860 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211 |
| Advertising and promotion | $3,279 |
| Office expenses | $1,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,196 |
| Travel | $1,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,233 |
| Interest | $533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,421 |
| Insurance | $18,634 |
| All other expenses | $20,838 |
| Total functional expenses | $335,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,093 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,190 |
| 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 | $0 |
| Net Land, buildings, and equipment | $163,782 |
| Investments—publicly traded securities | $75,740 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $282,805 |
| Accounts payable and accrued expenses | $6,571 |
| 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 | $3,582 |
| Total liabilities | $10,153 |
| Net assets without donor restrictions | $272,652 |
| 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 | $282,805 |