Lake Superior Tall Ships
- Assets
- $128.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bayfield, WI
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-5349847
Organization Overview
Lake Superior Tall Ships is located in Bayfield, WI. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Superior Tall Ships 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 12/2022, Lake Superior Tall Ships generated $95.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $123.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ABBEY ROAD WAS OUT SAILING ON LAKE SUPERIOR FOR 73 DAYS IN 2022 WITH 419 GUESTS. SHE SAILED 1,200 NAUTICAL MILES ON TRIPS FROM BAYFIELD TO THE APOSTLE ISLANDS ISLE ROYALE TWO HARBORS MN AND GRAND MARAIS MN. MOST OF THE TRIPS WERE 3 TO 4-HOUR HALF DAY OR EVENING SAILS AND MANY OF THE GUESTS ESPECIALLY THE SEA SCOUTS WERE REPEAT SAILORS. OF THE TRIPS 34 DAYS WERE YOUTH ADVENTURE TRIPS WITH THE AREA SEA SCOUTS SCHOOL GROUPS AND OTHER AREA YOUTH. WE HAD 6 DAYS OF FAMILY ADVENTURES 5 DAYS OF ADULT OFFSHORE ADVENTURE 6 FRIENDRAISER TRIPS AND 5 DAYS OF BAREBOAT CHARTER. THE ABBEY ROAD ALSO PARTICIPATED IN THE FESTIVAL OF SAIL AT TWO HARBORS MN WHERE WE TOOK 114 GUESTS ON 2 HOURS SAIL AWAY TRIPS AROUND THE HARBOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Ringberg Executive Director | 40 | $19,427 | |
Nancy Trapp President | 5 | $0 | |
Alan Appel Vice President | 2 | $0 | |
Chuck Perry Secretary | 2 | $0 | |
Susan Nelson Board Member | 2 | $0 | |
Matt Collins Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,394 |
| Total Program Service Revenue | $30,638 |
| Membership dues | $0 |
| Investment income | $319 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,620 |
| Other Revenue | $0 |
| Total Revenue | $94,971 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,298 |
| Professional fees and other payments to independent contractors | $7,734 |
| Occupancy, rent, utilities, and maintenance | $8,746 |
| Printing, publications, postage, and shipping | $2,051 |
| Other expenses | $51,941 |
| Total expenses | $123,770 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,211 |
| Other assets | $0 |
| Total assets | $128,537 |
| Total liabilities | $1,305 |
| Net assets or fund balances | $127,232 |