Columbia Sailing School
- Assets
- $535.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 63
- Location
- Chicago, IL
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 47-3706487
Organization Overview
Columbia Sailing School is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Columbia Sailing School employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia Sailing School 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, Columbia Sailing School generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $986.5k during the year ending 12/2023. While expenses have increased by 13.6% per year over the past 8 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
PROMOTE THE SAFE, RESPONSIBLE, AND ENJOYABLE OPERATION OF SAILBOATS AND OTHER WATERCRAFT FOR PEOPLE OF ALL AGES, GENDERS, AND ETHNIC BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAMS CATER TO SMALL CHILDREN BEGINNING AT AGE 5, YOUNG ADULTS OF HIGH SCHOOL AND UNIVERSITY AGE, AND ADULTS. CURRICULUM RANGES FROM AN INTRODUCTION TO SAILING AND SEAMANSHIP THROUGH ADVANCED DINGHY AND KEELBOAT RACING. U.S. SAILING'S RECOGNIZED CURRICULA IS USED AND EMPLOYEES ARE CERTIFIED TO INSTRUCT THESE ELEMENTS. IT IS ESTIMATED THAT IN 2023, AROUND 500 KIDS TOOK PART IN SOME FORM OF DAY CAMP SESSIONS, WHILE 400 IN OTHER PROGRAMS. ABOUT 200 ADULTS TOOK PART IN VARIOUS CLASSES AS WELL. WHILE STRIVING TO ACHIEVE SAILING EXCELLENCE, SPORTSMANSHIP IS EMPHASIZED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Thomsen Sailing Master | 70 | $100,888 | |
Marc Laguardia Commodore | OfficerTrustee | 3 | $0 |
Michael Korbel Vice Commodore | OfficerTrustee | 1 | $0 |
Stephen Pratt Secretary | OfficerTrustee | 1 | $0 |
John Larson Treasurer | OfficerTrustee | 1 | $0 |
Brian Crouch 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 | $100,507 |
| Noncash contributions included in lines 1a–1f | $30,654 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,507 |
| Total Program Service Revenue | $900,860 |
| Investment income | $841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $850 |
| Net Income from Fundraising Events | $18,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,021,146 |
| 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. | $100,888 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,738 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,389 |
| Payroll taxes | $39,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,453 |
| Office expenses | $39,027 |
| Information technology | $3,346 |
| Royalties | $0 |
| Occupancy | $61,609 |
| Travel | $38,217 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,390 |
| Insurance | $99,898 |
| All other expenses | $0 |
| Total functional expenses | $986,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,389 |
| Savings and temporary cash investments | $18,446 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $21,867 |
| Net Land, buildings, and equipment | $266,220 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $535,922 |
| Accounts payable and accrued expenses | $47,113 |
| Grants payable | $0 |
| Deferred revenue | $116,285 |
| 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 | $11,677 |
| Total liabilities | $175,075 |
| Net assets without donor restrictions | $360,847 |
| 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 | $535,922 |