Civic Intelligence

Otsego Sailing Club

EIN 16-1662177 • 501(c)7 • Cooperstown, NY

Profile

The mission of the Otsego Sailing Club, Inc. ("OSC") is to (i) provide an association of sailboat owners and others who have mutual interests in sailing and sail boat racing; (ii) to encourage sail boating as a recreative and competitive sport; (iii) to establish rules and means for competitive sail boat racing by members; (iv) to promote safety in sailing and all associated activities; (v) to promote good sportsmanship; and (vi) to do any other act or thing incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit or financial gain of its members or officers, except as permitted under Article 5 of the New York Not-for-Profit Corporation Law.

PO Box 816Cooperstown, NY 13326

www.otsegosailingclub.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.02x

Higher debt load relative to assets than 60% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.17x

Higher debt load relative to revenue than 81% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Source year 2024

Net Margin

17th percentile

-7.1%

Higher net margin than 17% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$3,408

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

NTEE N • $500k-$1M nonprofits • Source year 2024

Asset Growth

28th percentile

-2.1%

Faster asset growth than 28% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

27%

Faster revenue growth than 75% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$641,746

Down $13,909 (-2.1%) from 2023

Liabilities

Down

$14,442

Down $7,993 (-36%) from 2023

Net Assets

Down

$627,304

Down $5,916 (-0.9%) from 2023

Operations
Liabilities / Revenue81st percentileNet Margin17th percentile

Revenue

Up

$83,453

Up $17,997 (+27%) from 2023

Expenses

Up

$89,369

Up $23,913 (+37%) from 2023

Net Income

Down

-$5,916

Down $5,916 from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2011: $586,720Liabilities 2011: $3,051Net Assets 2011: $583,6692011Assets 2012: $599,461Liabilities 2012: $0Net Assets 2012: $599,4612012Assets 2013: $603,133Liabilities 2013: $0Net Assets 2013: $603,1332013Assets 2014: $604,959Liabilities 2014: $0Net Assets 2014: $604,9592014Assets 2015: $607,421Liabilities 2015: -$6,375Net Assets 2015: $613,7962015Assets 2016: $615,612Liabilities 2016: -$4,250Net Assets 2016: $619,8622016Assets 2017: $626,457Liabilities 2017: -$2,125Net Assets 2017: $628,5822017Assets 2018: $663,778Liabilities 2018: $40,000Net Assets 2018: $623,7782018Assets 2019: $666,415Liabilities 2019: $36,973Net Assets 2019: $629,4422019Assets 2020: $683,318Liabilities 2020: $33,595Net Assets 2020: $649,7232020Assets 2021: $669,500Liabilities 2021: $27,062Net Assets 2021: $642,4382021Assets 2022: $663,344Liabilities 2022: $30,124Net Assets 2022: $633,2202022Assets 2023: $655,655Liabilities 2023: $22,435Net Assets 2023: $633,2202023Assets 2024: $641,746Liabilities 2024: $14,442Net Assets 2024: $627,3042024

Highlighted filing

2024

Assets$641,746
Liabilities$14,442
Net Assets$627,304
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KExpenses 2011: $47,8782011Expenses 2012: $43,5772012Revenue 2013: $56,567Expenses 2013: $52,895Net Income 2013: $3,6722013Revenue 2014: $68,109Expenses 2014: $56,283Net Income 2014: $11,8262014Revenue 2015: $76,587Expenses 2015: $64,482Net Income 2015: $12,1052015Revenue 2016: $71,500Expenses 2016: $65,434Net Income 2016: $6,0662016Revenue 2017: $76,159Expenses 2017: $67,439Net Income 2017: $8,7202017Revenue 2018: $121,594Expenses 2018: $111,598Net Income 2018: $9,9962018Revenue 2019: $150,011Expenses 2019: $144,347Net Income 2019: $5,6642019Revenue 2020: $63,441Expenses 2020: $43,160Net Income 2020: $20,2812020Revenue 2021: $52,411Expenses 2021: $59,696Net Income 2021: -$7,2852021Revenue 2022: $77,207Expenses 2022: $86,425Net Income 2022: -$9,2182022Revenue 2023: $65,456Expenses 2023: $65,456Net Income 2023: $02023Revenue 2024: $83,453Expenses 2024: $89,369Net Income 2024: -$5,9162024

Highlighted filing

2024

Revenue$83,453
Expenses$89,369
Net Income-$5,916
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$641,746
Liabilities
$14,442
Net assets
$627,304
Revenue
$83,453
Expenses
$89,369
Net income
-$5,916
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$0.14$6.27$0.83$0.89$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.56$0.22$6.33$0.65$0.65$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.63$0.30$6.33$0.77$0.86$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.70$0.27$6.42$0.52$0.60$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.83$0.34$6.50$0.63$0.43$0.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$0.37$6.29$1.50$1.44$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.64$0.40$6.24$1.22$1.12$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.26$0.02$6.29$0.76$0.67$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.16$0.04$6.20$0.72$0.65$0.06
2015Detailed filing. Detailed filing data is available for this year.$6.07$0.06$6.14$0.77$0.64$0.12
2014Detailed filing. Detailed filing data is available for this year.$6.05$0.00$6.05$0.68$0.56$0.12
2013Detailed filing. Detailed filing data is available for this year.$6.03$0.00$6.03$0.57$0.53$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.99$0.00$5.99$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.87$0.03$5.84$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 18, 2025
Return Version
2024v5.0
Gross Receipts
$83,453
Mission and Program Overview

Mission

The mission of the Otsego Sailing Club, Inc. ("OSC") is to (i) provide an association of sailboat owners and others who have mutual interests in sailing and sail boat racing; (ii) to encourage sail boating as a recreative and competitive sport; (iii) to establish rules and means for competitive sail boat racing by members; (iv) to promote safety in sailing and all associated activities; (v) to promote good sportsmanship; and (vi) to do any other act or thing incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit or financial gain of its members or officers, except as permitted under Article 5 of the New York Not-for-Profit Corporation Law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$633,220$627,304▼ $5,916
Land, Buildings, and Equipment, Net$610,168$608,172▼ $1,996
Savings and Temporary Cash Investments$37,781$30,773▼ $7,008
Cash and Non-Interest-Bearing Accounts$7,706$2,801▼ $4,905
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$655,655$641,746▼ $13,909
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,435$14,442▼ $7,993
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$22,435$14,442▼ $7,993
Net Assets / Fund Balance
Total Net Assets Fund Balance$633,220$627,304▼ $5,916
Total Liabilities and Net Assets / Fund Balance$655,655$641,746▼ $13,909

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$116,300$0$0
Other Land Buildings$0$0$0
Land$419,600-$0
Equipment$72,272$12,248$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleBaseTotal
Connie HerzigTreasurer (Paymaster)$3,408$3,408
Andrew PorterPast Commodore (Past President)$148$148

Board Members and Trustees

NameTitle
Finn JensenCommodore (President)
Gary HerzigVice Commodore (Vice President)
David GrigerTrustee
Paul BischofTrustee
Jody O'ConnellSecretary (Keeper of the Log)
Revenue and Support

Revenue Composition

Contributions and Grants
$46,085
Program Service Revenue
$37,368
Investment Income
$0
Other Revenue
$0
All Other Contributions
$191
Change in Net Assets
$-5,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,054
Salaries, Compensation, and Employee Benefits$15,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance---$20,736
Depreciation Depletion---$11,645
Other Salaries and Wages---$10,669
Occupancy---$9,788
Other Expenses---$9,029
Current Officers, Directors, Trustees, and Key Employees---$3,556
Payroll Taxes---$1,090
Interest---$921
Advertising---$423
Office Expenses---$293
Total Functional Expenses$0$0$0$89,369
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members who are sailboat owners and others with a mutual interest in sailing.”

Form 990, Part VI, Section A, Line 7A

“Governing body officers are elected by majority vote of regular members at our annual meeting.”

Form 990, Part VI, Section A, Line 7B

“Per by-laws, all business and property of the organization are managed by the governing board elected by the membership. The following exceptions require vote of the membership: (a) amendment of the certification of incorporation by-laws; (b) The sale of real property (c) The borrowing of money above 75% of the average revenue of the previous three years, with the understanding that any loan be restricted to purchase of real property or capital equipment.”

Form 990, Part VI, Section B, Line 11B

“Document was reviewed and approved by the Board of Directors at a Board meeting.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to annually disclose any potential conflicts of interest. The remaining members of the Board determine what actions should be taken to avoid or manage the conflict of interest.”

Form 990, Part VI, Section B, Line 15

“Salaries for Sailing School Instructor, Sailing Assistant, and Sailing Activities Director were updated in the spring and standardized. We utilized information from other sailing schools in the area as well as recreational camps.”

Form 990, Part VI, Section C, Line 18

“Form 990 and policies are available to the public upon request. Form 990 is available to the public at guidestar.com.”

Form 990, Part VI, Section C, Line 19

“Policies are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Otsego Sailing Club
EIN
16-1662177
Phone
6074351025
Address
PO Box 816, Cooperstown, NY 13326

Signing Officer

Name
Connie Herzig
Title
Treasurer
Phone
6074351025
Signed
2025-09-18

Organization Details

Principal Officer
Connie Herzig
Formed
1966
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
9
Volunteers
85
Raw XML AppendixShowing 400 of 432 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Cooperstown
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990/CreditCounselingInd00
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IRS990/CYContributionsGrantsAmt046085
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IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt074054
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IRS990/DepreciationDepletionGrp/TotalAmt011645
IRS990/Desc0Provide access to lake, facilities, and launch ramp
IRS990/DescribedInSection501c3Ind00
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IRS990/Form990PartVIISectionAGrp/PersonNm1Andrew Porter
IRS990/Form990PartVIISectionAGrp/PersonNm2David Griger
IRS990/Form990PartVIISectionAGrp/PersonNm3Paul Bischof
IRS990/Form990PartVIISectionAGrp/PersonNm4Finn Jensen
IRS990/Form990PartVIISectionAGrp/PersonNm5Jody O'Connell
IRS990/Form990PartVIISectionAGrp/PersonNm6Gary Herzig
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer (Paymaster)
IRS990/Form990PartVIISectionAGrp/TitleTxt1Past Commodore (Past President)
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Commodore (President)
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary (Keeper of the Log)
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Commodore (Vice President)
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IRS990/MissionDesc0The mission of the Otsego Sailing Club, Inc. ("OSC") is to (i) provide an association of sailboat owners and others who have mutual interests in sailing and sail boat racing; (ii) to encourage sail boating as a recreative and competitive sport; (iii) to establish rules and means for competitive sail boat racing by members; (iv) to promote safety in sailing and all associated activities; (v) to promote good sportsmanship; and (vi) to do any other act or thing incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit or financial gain of its members or officers, except as permitted under Article 5 of the New York Not-for-Profit Corporation Law.
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IRS990/PrincipalOfficerNm0Connie Herzig
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IRS990/ProgramServiceRevenueGrp/Desc0Access to Lake, Facilities and Launch Ramp
IRS990/ProgramServiceRevenueGrp/Desc1Sailing Lessons
IRS990/ProgramServiceRevenueGrp/Desc2Storage & Dock Space for Sailboats
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IRS990/ProgSrvcAccomActy2Grp/Desc0Provide lessons on safe sailing
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IRS990/ProgSrvcAccomActy3Grp/Desc0Provide storage and dock space for sailboats
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has members who are sailboat owners and others with a mutual interest in sailing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing body officers are elected by majority vote of regular members at our annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Per by-laws, all business and property of the organization are managed by the governing board elected by the membership. The following exceptions require vote of the membership: (a) amendment of the certification of incorporation by-laws; (b) The sale of real property (c) The borrowing of money above 75% of the average revenue of the previous three years, with the understanding that any loan be restricted to purchase of real property or capital equipment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Document was reviewed and approved by the Board of Directors at a Board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board members are required to annually disclose any potential conflicts of interest. The remaining members of the Board determine what actions should be taken to avoid or manage the conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Salaries for Sailing School Instructor, Sailing Assistant, and Sailing Activities Director were updated in the spring and standardized. We utilized information from other sailing schools in the area as well as recreational camps.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Form 990 and policies are available to the public upon request. Form 990 is available to the public at guidestar.com.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Policies are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
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