Lake Superior Tall Ships
- Assets
- $160.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bayfield, WI
- Founding
- 10/2014
- Data as of
- 12/2021
- 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 12/2021, Lake Superior Tall Ships generated $67.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $127.4k during the year ending 12/2021. While expenses have increased by 27.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OUR 2020 SEASON WAS PRETTY QUITE DUE TO COVID HOWEVER WE WERE ABLE TO MAKE SOME ADJUSTMENTS IN HOW WE CONDUCT OUR SAILING ADVENTURES TO SAFELY GET KIDS AND ADULTS BACK ON THE WATER THIS PAST SUMMER. ALL IN ALL THE ABBEY ROAD WAS OUT SAILING ON LAKE SUPERIOR FOR 75 DAYS IN 2021 WITH 589 GUESTS. SHE SAILED 1,281 NAUTICAL MILES ON TRIPS FROM BAYFIELD TO THE APOSTLE ISLANDS ISLE ROYALE 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 43 DAYS WERE YOUTH ADVENTURE TRIPS: 23 DAYS WERE WITH THE AREA SEA SCOUTS 9 DAYS WITH THE STEWARDS OF TOMORROW PROGRAM THROUGH NORTHLAND COLLEGE 7 DAYS OF OVERNIGHT TRIPS WITH SCHOOL GROUPS AND 4 DAY SAILS WITH OTHER AREA YOUTH AND SCHOOL GROUPS. WE HAD 9 DAYS OF FAMILY ADVENTURES ONE 6 DAY ADULT OFFSHORE ADVENTURE 7 FRIENDRAISER TRIPS AND 10 DAYS OF BAREBOAT CHARTER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Ringberg Executive Director | 40 | $39,559 | |
Nancy Trapp President | 2 | $0 | |
Alan Appel Vice President | 2 | $0 | |
Tom Trant Board Member | 2 | $0 | |
Chuck Perry Secretary | 2 | $0 | |
Dean Rau Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,306 |
| Total Program Service Revenue | $32,219 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,327 |
| Total Revenue | $67,861 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,127 |
| Professional fees and other payments to independent contractors | $10,309 |
| Occupancy, rent, utilities, and maintenance | $8,326 |
| Printing, publications, postage, and shipping | $1,261 |
| Other expenses | $62,412 |
| Total expenses | $127,435 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $160,905 |
| Other assets | $0 |
| Total assets | $160,905 |
| Total liabilities | $4,754 |
| Net assets or fund balances | $156,151 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Superior Tall Ships has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
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 |