Milwaukee Community Sailing Center Inc
- Assets
- $2.7m
- Revenue
- $742.8k
- Investments
- $0.0
- Employees
- 49
- Location
- Milwaukee, WI
- Founding
- 12/1978
- Data as of
- 12/2023
- 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 12/2023, Milwaukee Community Sailing Center Inc employed 49 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 12/2023, Milwaukee Community Sailing Center Inc generated $742.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $768.1k during the year ending 12/2023. While expenses have increased by 5.6% 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
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
STRENGTHENED OUR PROGRAMS AND COLLABORATIONS WITH AREA SCHOOLS AND AGENCIES TO PROVIDE ADDITIONAL OUTREACH OPPORTNITIES TO MORE MILWAUKEE AREA AT-RISK AND DISADVANTAGED YOUTH.CREATED COLLABORATIONS THAT ENABLED US TO CONTINUE TO SEND MILWAUKEE AREA YOUTH AND ADULTS TO SPEND TIME ON MILWAUKEE'S FLAGSHIP; THE DENIS SULLIVAN.CREATED A MORE COMPREHENSIVE AND COMPLETE PLAN FOR CONTINUED EDUCATION FOR SAILORS TO ADVANCE THEIR SAILING AND SAFETY SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Baldino President | OfficerTrustee | 4 | $0 |
Jane Larson Treasurer | OfficerTrustee | 4 | $0 |
Robert Levine Vice President | OfficerTrustee | 4 | $0 |
Mel Flamer Secretary | OfficerTrustee | 4 | $0 |
Jamie Bargenquast Director | Trustee | 1 | $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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,858 |
| Noncash contributions included in lines 1a–1f | $10,253 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,858 |
| Total Program Service Revenue | $528,851 |
| Investment income | $1,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,075 |
| Net Gain/Loss on Asset Sales | -$31,296 |
| Net Income from Fundraising Events | $3,025 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,365 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $742,836 |
| 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. | $74,952 |
| Compensation of current officers, directors, key employees. | $16,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,109 |
| Pension plan accruals and contributions | $4,889 |
| Other employee benefits | $30,219 |
| Payroll taxes | $24,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,494 |
| Fees for services: Other | $5,818 |
| Advertising and promotion | $2,294 |
| Office expenses | $49,345 |
| Information technology | $9,939 |
| Royalties | $0 |
| Occupancy | $45,446 |
| Travel | $79 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,374 |
| Interest | $8,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,327 |
| Insurance | $57,108 |
| All other expenses | $4,052 |
| Total functional expenses | $768,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,183 |
| Savings and temporary cash investments | $95,704 |
| 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 | $2,500 |
| Prepaid expenses and deferred charges | $6,400 |
| Net Land, buildings, and equipment | $1,827,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $624,213 |
| Total assets | $2,706,964 |
| Accounts payable and accrued expenses | $21,343 |
| 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 | $107,939 |
| Total liabilities | $129,282 |
| Net assets without donor restrictions | $1,926,833 |
| Net assets with donor restrictions | $650,849 |
| 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 | $2,706,964 |