Milwaukee Community Sailing Center Inc
- Assets
- $2.9m
- Revenue
- $633.9k
- Investments
- $0.0
- Employees
- 29
- Location
- Milwaukee, WI
- Founding
- 12/1978
- Data as of
- 12/2021
- EIN
- 39-1284450
Organization Overview
Milwaukee Community Sailing Center Inc is located in Milwaukee, WI. The organization was established in 1978. 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 12/2021, Milwaukee Community Sailing Center Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Community Sailing Center 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, Milwaukee Community Sailing Center Inc generated $633.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $557.4k during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BOATING EDUCATION AND SAILING INSTRUCTIONS TO MAKE LAKE MICHIGAN ACCESSIBLE TO EVERYONE IN THE MILWAUKEE AREA THROUGH QUALITY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE MILWAUKEE COMMUNITY SAILING CENTER WORKED TO REBUILD AND REINFORCE ALL PROGRAMMING AFTER COVID, RESTARTED AND SUCCESSFULLY RAN THEIR "FRIDAY RIDES FOR PERSONS WITH SPECIAL NEEDS," PROVIDED OVER 800 SAILING CLASSE OPPORTUNITIES TO BOTH YOUTH AND ADULTS, AND OPERATED SAFELY DURING THE COVID PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Church Executive Dir. | Officer | 40 | $61,858 |
Jane Larson Treasurer | OfficerTrustee | 4 | $0 |
Paul Baldino President | OfficerTrustee | 4 | $0 |
W Tom Holman Vice President | OfficerTrustee | 4 | $0 |
Mel Flamer Secretary | OfficerTrustee | 4 | $0 |
Jean Gabriel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,993 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,461 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,454 |
| Total Program Service Revenue | $417,830 |
| Investment income | $78 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,650 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,166 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $633,926 |
| 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. | $63,669 |
| Compensation of current officers, directors, key employees. | $25,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,752 |
| Pension plan accruals and contributions | $2,778 |
| Other employee benefits | $38,061 |
| Payroll taxes | $16,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,767 |
| Advertising and promotion | $0 |
| Office expenses | $28,518 |
| Information technology | $11,198 |
| Royalties | $0 |
| Occupancy | $38,311 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,271 |
| Insurance | $39,711 |
| All other expenses | $5,680 |
| Total functional expenses | $557,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,415 |
| Savings and temporary cash investments | $54,336 |
| 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 | $500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,957,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $619,060 |
| Total assets | $2,878,635 |
| Accounts payable and accrued expenses | $238,980 |
| 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 | $8,508 |
| Total liabilities | $247,488 |
| Net assets without donor restrictions | $2,020,595 |
| Net assets with donor restrictions | $610,552 |
| 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 | $2,878,635 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Milwaukee Community Sailing Center Inc has recieved totaling $2,250.
| Awarding Organization | Amount |
|---|---|
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $1,250 |
Baird Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $487,519 |
| Earnings | $123,033 |
| Ending Balance | $610,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grow Boating Inc Chicago, IL | $0 | $3,002,017 |
Usa Swimming Inc Rolling Meadows, IL | $1,062,881 | $1,962,511 |
Michigan Boating Industries Assoc Commerce Township, MI | $6,848,061 | $1,258,585 |
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
Rochester Swim Club Orcas Rochester, MN | $1,478,113 | $1,744,806 |
New Trier Aquatics Winnetka, IL | $670,855 | $1,422,426 |
Hinsdale Swim Club Hinsdale, IL | $218,459 | $1,100,426 |
Usa Swimming Inc Minnetonka, MN | $1,086,906 | $1,178,043 |
Elba-Mar Boat Club Grosse Ile, MI | $874,771 | $981,147 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Club Wolverine Swimming Inc Ann Arbor, MI | $392,270 | $985,537 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |