Civic Intelligence

Traverse Area Community Sailing

990 • Fiscal year 2013 • EIN 38-3176833

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 06, 2014

PO Box 4149Traverse City, MI 49685-4149

(231) 922-5922

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

86th percentile

54%

Faster asset growth than 86% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

84th percentile

46%

Faster revenue growth than 84% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Up

$260,915

Up $91,642 (+54%) from 2012

Net Assets

Up

$258,717

Up $90,972 (+54%) from 2012

Liabilities

Up

$2,198

Up $670 (+44%) from 2012

Revenue

Up

$292,686

Up $91,685 (+46%) from 2012

Expenses

Up

$201,714

Up $48,740 (+32%) from 2012

Net Income

Up

$90,972

Up $42,945 (+89%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $93,877Liabilities 2010: $3,879Net Assets 2010: $89,9982010Assets 2011: $125,066Liabilities 2011: $5,348Net Assets 2011: $119,7182011Assets 2012: $169,273Liabilities 2012: $1,528Net Assets 2012: $167,7452012Assets 2013: $260,915Liabilities 2013: $2,198Net Assets 2013: $258,7172013Assets 2014: $327,023Liabilities 2014: $7,367Net Assets 2014: $319,6562014Assets 2015: $312,275Liabilities 2015: $16,538Net Assets 2015: $295,7372015Assets 2016: $340,297Liabilities 2016: $1,773Net Assets 2016: $338,5242016Assets 2017: $390,425Liabilities 2017: $11,352Net Assets 2017: $379,0732017Assets 2018: $393,513Liabilities 2018: $7,837Net Assets 2018: $385,6762018Assets 2019: $381,194Liabilities 2019: $5,600Net Assets 2019: $375,5942019Assets 2020: $383,911Liabilities 2020: $32,068Net Assets 2020: $351,8432020Assets 2021: $440,333Liabilities 2021: $34,447Net Assets 2021: $405,8862021Assets 2022: $314,947Liabilities 2022: $22,269Net Assets 2022: $292,6782022Assets 2023: $282,805Liabilities 2023: $10,153Net Assets 2023: $272,6522023Assets 2024: $247,207Liabilities 2024: $7,007Net Assets 2024: $240,2002024

Highlighted filing

2013

Assets$260,915
Liabilities$2,198
Net Assets$258,717

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KExpenses 2010: $121,4352010Expenses 2011: $131,7292011Revenue 2012: $201,001Expenses 2012: $152,974Net Income 2012: $48,0272012Revenue 2013: $292,686Expenses 2013: $201,714Net Income 2013: $90,9722013Revenue 2014: $250,940Expenses 2014: $190,011Net Income 2014: $60,9292014Revenue 2015: $243,149Expenses 2015: $267,064Net Income 2015: -$23,9152015Revenue 2016: $261,741Expenses 2016: $218,954Net Income 2016: $42,7872016Revenue 2017: $277,236Expenses 2017: $236,687Net Income 2017: $40,5492017Revenue 2018: $245,444Expenses 2018: $238,841Net Income 2018: $6,6032018Revenue 2019: $242,751Expenses 2019: $252,830Net Income 2019: -$10,0792019Revenue 2020: $226,269Expenses 2020: $250,020Net Income 2020: -$23,7512020Revenue 2021: $344,125Expenses 2021: $290,073Net Income 2021: $54,0522021Revenue 2022: $259,301Expenses 2022: $361,404Net Income 2022: -$102,1032022Revenue 2023: $320,637Expenses 2023: $335,212Net Income 2023: -$14,5752023Revenue 2024: $282,178Expenses 2024: $318,755Net Income 2024: -$36,5772024

Highlighted filing

2013

Revenue$292,686
Expenses$201,714
Net Income$90,972
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 6, 2014
Return Version
2013v3.1
Gross Receipts
$300,940
Mission and Program Overview

Mission

Provide education, training, recreation and sports to the community through sailing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$93,319$161,365▲ $68,046
Savings and Temporary Cash Investments$75,933$99,029▲ $23,096
Accounts Receivable-$500-
Cash and Non-Interest-Bearing Accounts$21$21→ $0
Total Assets$169,273$260,915▲ $91,642
Liabilities
Accounts Payable and Accrued Expenses$1,528$2,198▲ $670
Total Liabilities$1,528$2,198▲ $670
Net Assets / Fund Balance
Unrestricted Net Assets$167,745$258,717▲ $90,972
Total Net Assets Fund Balance$167,745$258,717▲ $90,972
Total Liabilities and Net Assets / Fund Balance$169,273$260,915▲ $91,642

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$161,365$180,012$341,377
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike SmithPresident
Bill AllgaierDirector
Chris BransonDirector
Cindy AndersonDirector
Eric LindDirector
Glen RauthDirector
Jim MenziesDirector
Jim SorbieDirector
Louis RodriguezDirector
Steve RutkowskiDirector
Timothy CluloDirector
Bob CornwellFormer Presi
David SkibowskiSecretary
Mike WillsTreasurer
Sally RivardVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$140,774
Program Service Revenue
$117,683
Investment Income
$2,840
Other Revenue
$31,389
All Other Contributions
$140,774
Change in Net Assets
$90,972

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Boats and Planes1$45,494Estimated Fair Market Value (FMV)
Total Noncash Contributions1$45,494-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120,791
Salaries, Compensation, and Employee Benefits$80,923
Total Fundraising Expense$16,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$63,336$345$13,668$77,349
Other Salaries and Wages$75,184--$75,184
Depreciation Depletion$20,265--$20,265
Insurance$9,418--$9,418
Payroll Taxes$5,739--$5,739
Advertising$3,373-$1,661$5,034
Office Expenses$1,950$1,242$1,512$4,704
Occupancy$2,111$371$144$2,626
Fees for Services Accounting-$1,395-$1,395
Total Functional Expenses$181,376$3,353$16,985$201,714
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,389
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$6,764$6,764-$6,764
Event 2$6,175$6,175-$6,175
Total Events$28,789$28,789-$28,789
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Designated members review all documents before approving filing of tax returns.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
38-3176833
Phone
2319225922

Signing Officer

Name
Michael Wills
Title
Treasurer
Phone
2319225922
Signed
2014-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Wills
Formed
1994
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
15

Preparer

Preparer
Christopher W Kindlinger
Phone
2319479260
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Training camps and instructional clinics for the community to promote recreation and sports through sailing.

Form 990, Part IX, Line 11G

Repair & maintenance 10,270 0 0 other 0 277 0 bank charges 346 68 0 credit card processing 0 0 5,051 dues 225 0 0 licenses 531 0 0 fundraiser supplies 0 0 6,327 donation expenses 0 0 2,290 training 2,957 0 0 program expenses 32,308 0 0 high school boosters 16,699 0 0

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0TRAINING CAMPS AND INSTRUCTIONAL CLINICS FOR THE COMMUNITY TO PROMOTE RECREATION AND SPORTS THROUGH SAILING.
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0151912
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075933
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099029
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IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0SILENT AUCTION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRAINING CAMPS AND INSTRUCTIONAL CLINICS FOR THE COMMUNITY TO PROMOTE RECREATION AND SPORTS THROUGH SAILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESIGNATED MEMBERS REVIEW ALL DOCUMENTS BEFORE APPROVING FILING OF TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REPAIR & MAINTENANCE 10,270 0 0 OTHER 0 277 0 BANK CHARGES 346 68 0 CREDIT CARD PROCESSING 0 0 5,051 DUES 225 0 0 LICENSES 531 0 0 FUNDRAISER SUPPLIES 0 0 6,327 DONATION EXPENSES 0 0 2,290 TRAINING 2,957 0 0 PROGRAM EXPENSES 32,308 0 0 HIGH SCHOOL BOOSTERS 16,699 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03353
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0181376
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201714
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01528
IRS990/TotalLiabilitiesEOYAmt02198

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.07$2.40$2.82$3.19$0.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.10$2.73$3.21$3.35$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.15$0.22$2.93$2.59$3.61$1.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.40$0.34$4.06$3.44$2.90$0.54
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$0.32$3.52$2.26$2.50$0.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.81$0.06$3.76$2.43$2.53$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$0.08$3.86$2.45$2.39$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.90$0.11$3.79$2.77$2.37$0.41
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.40$0.02$3.39$2.62$2.19$0.43
2015Detailed filing. Detailed filing data is available for this year.$3.12$0.17$2.96$2.43$2.67$0.24
2014Detailed filing. Detailed filing data is available for this year.$3.27$0.07$3.20$2.51$1.90$0.61
2013Detailed filing. Detailed filing data is available for this year.$2.61$0.02$2.59$2.93$2.02$0.91
2012Summary only. Only limited summary data is available for this year.$1.69$0.02$1.68$2.01$1.53$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.05$1.20$1.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.04$0.90$1.21
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • <$500k nonprofits