Civic Intelligence

Bay Sail Inc

EIN 38-3378118 • 501(c)3 • Bay City, MI

Profile

To foster environmental stewardship of the saginaw bay watershed and the great lakes ecosystem, and to provide personal development opportunities for learners of all ages through shipboard and land-based educational experiences.

107 5th Street 2nd FloorBay City, MI 48708

www.baysailbaycity.org

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.85x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

4.70x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

78th percentile

24%

Higher net margin than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$60,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 22.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

74th percentile

16%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-81%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$328,566

Up $45,983 (+16%) from 2023

Liabilities

Up

$278,274

Up $74,527 (+37%) from 2023

Net Assets

Down

$50,292

Down $28,544 (-36%) from 2023

Revenue

Down

$59,162

Down $259,757 (-81%) from 2023

Expenses

Down

$44,842

Down $277,432 (-86%) from 2023

Net Income

Up

$14,320

Up $17,675 (+527%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,235,204Liabilities 2010: $403,813Net Assets 2010: $831,3912010Assets 2011: $1,156,641Liabilities 2011: $437,427Net Assets 2011: $719,2142011Assets 2012: $855,032Liabilities 2012: $366,269Net Assets 2012: $488,7632012Assets 2013: $563,843Liabilities 2013: $244,693Net Assets 2013: $319,1502013Assets 2014: $484,118Liabilities 2014: $208,541Net Assets 2014: $275,5772014Assets 2015: $475,529Liabilities 2015: $213,631Net Assets 2015: $261,8982015Assets 2016: $546,310Liabilities 2016: $23,020Net Assets 2016: $523,2902016Assets 2017: $390,306Liabilities 2017: $24,760Net Assets 2017: $365,5462017Assets 2018: $744,294Liabilities 2018: $528,164Net Assets 2018: $216,1302018Assets 2019: $422,966Liabilities 2019: $182,574Net Assets 2019: $240,3922019Assets 2020: $279,122Liabilities 2020: $141,452Net Assets 2020: $137,6702020Assets 2021: $394,564Liabilities 2021: $271,051Net Assets 2021: $123,5132021Assets 2022: $282,417Liabilities 2022: $238,871Net Assets 2022: $43,5462022Assets 2023: $282,583Liabilities 2023: $203,747Net Assets 2023: $78,8362023Assets 2024: $328,566Liabilities 2024: $278,274Net Assets 2024: $50,2922024

Highlighted filing

2024

Assets$328,566
Liabilities$278,274
Net Assets$50,292

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $511,7582010Expenses 2011: $536,5002011Expenses 2012: $445,7202012Revenue 2013: $539,818Expenses 2013: $417,181Net Income 2013: $122,6372013Revenue 2014: $352,819Expenses 2014: $396,392Net Income 2014: -$43,5732014Revenue 2015: $348,368Expenses 2015: $362,047Net Income 2015: -$13,6792015Revenue 2016: $763,715Expenses 2016: $502,323Net Income 2016: $261,3922016Revenue 2017: $308,624Expenses 2017: $466,368Net Income 2017: -$157,7442017Revenue 2018: $346,145Expenses 2018: $461,151Net Income 2018: -$115,0062018Revenue 2019: $631,154Expenses 2019: $606,892Net Income 2019: $24,2622019Revenue 2020: $235,332Expenses 2020: $338,054Net Income 2020: -$102,7222020Revenue 2021: $402,077Expenses 2021: $358,179Net Income 2021: $43,8982021Revenue 2022: $269,957Expenses 2022: $349,924Net Income 2022: -$79,9672022Revenue 2023: $318,919Expenses 2023: $322,274Net Income 2023: -$3,3552023Revenue 2024: $59,162Expenses 2024: $44,842Net Income 2024: $14,3202024

Highlighted filing

2024

Revenue$59,162
Expenses$44,842
Net Income$14,320

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.33$0.28$0.05$0.06$0.04$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.28$0.20$0.08$0.32$0.32$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.28$0.24$0.04$0.27$0.35$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.39$0.27$0.12$0.40$0.36$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.28$0.14$0.14$0.24$0.34$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.18$0.24$0.63$0.61$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.74$0.53$0.22$0.35$0.46$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.02$0.37$0.31$0.47$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.02$0.52$0.76$0.50$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.21$0.26$0.35$0.36$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.21$0.28$0.35$0.40$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.56$0.24$0.32$0.54$0.42$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.37$0.49$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.44$0.72$0.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.40$0.83$0.51
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$59,162
Mission and Program Overview

Mission

To foster environmental stewardship of the saginaw bay watershed and the great lakes ecosystem and to provide personal development opportunities for learners of all ages through shipboard and land based educational experiences.

To foster environmental stewardship of the saginaw bay watershed and the great lakes ecosystem, and to provide personal development opportunities for learners of all ages through shipboard and land-based educational experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$255,000$255,000→ $0
Cash and Non-Interest-Bearing Accounts$18,374$73,566▲ $55,192
Accounts Receivable$9,209--
Total Assets$282,583$328,566▲ $45,983
Liabilities
Mortgage Notes Payable Secured by Investment Property$199,116$172,760▼ $26,356
Unsecured Notes Loans Payable-$62,500-
Other Liabilities$4,631$43,014▲ $38,383
Total Liabilities$203,747$278,274▲ $74,527
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$78,836$50,292▼ $28,544
Total Net Assets Fund Balance$78,836$50,292▼ $28,544
Total Liabilities and Net Assets / Fund Balance$282,583$328,566▲ $45,983

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$679,841$679,841
Equipment-$375,000$375,000
Land$255,000-$255,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Philip VelezChairman
Bill CoberlyVice Chairma
Joe ParkerBoard Member
Brian JohnsonDirector
Terry MillerDirector
John FlemingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$59,162
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$59,162
Change in Net Assets
$14,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,547
Salaries, Compensation, and Employee Benefits$3,295
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$12,433--$12,433
Occupancy$2,245$4,106-$6,351
Fees for Services Accounting-$4,590-$4,590
Interest$3,807--$3,807
Other Salaries and Wages$3,060--$3,060
All Other Expenses$1,549$701-$2,250
Office Expenses$1,595$125-$1,720
Other Expenses$1,346$224-$1,346
Conferences and Meetings$541--$541
Advertising$359--$359
Payroll Taxes$235--$235
Total Functional Expenses$35,096$9,746$0$44,842
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$14,590
Interest Payable$4,422
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Bay Sail Inc
EIN
38-3378118
Phone
9898931222
Address
107 5TH STREET 2ND FLOOR, BAY CITY, MI 48708

Signing Officer

Name
Philip Velez
Title
Chairman
Phone
9892050390
Signed
2025-11-12

Organization Details

Principal Officer
Philip Velez
Formed
1998
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
QUAST JANKE & CO CPA'S PC
Address
1010 N JOHNSON, BAY CITY, MI 48708
Preparer
Robert E Friske CPA
Phone
9898924549
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To foster environmental stewardship of the saginaw bay watershed and the great lakes ecosystem, and to provide personal development opportunities for learners of all ages through shipboard and land-based educational experiences.

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

N/A

Form 990, Part XI, Line 9

Debt to the irs -42,864 during the period the entity became aware via a notice that the prior administartion didn't make the correct 941 payments. This resulted in a debt to the irs that the entity reached payment terms on. A liability has been booked for the portion the entity didn't pay during the period ended.

Raw XML Appendix343 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.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0108956
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0182578
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0548045
IRS990ScheduleA/TotalSupportAmt0753116
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt03051
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0394
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt03445
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0375000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0375000
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt024002
IRS990ScheduleD/LandGrp/BookValueAmt0255000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0255000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0679841
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0679841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014590
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14422
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0255000
IRS990ScheduleD/TotalLiabilityAmt043014
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FOSTER ENVIRONMENTAL STEWARDSHIP OF THE SAGINAW BAY WATERSHED AND THE GREAT LAKES ECOSYSTEM, AND TO PROVIDE PERSONAL DEVELOPMENT OPPORTUNITIES FOR LEARNERS OF ALL AGES THROUGH SHIPBOARD AND LAND-BASED EDUCATIONAL EXPERIENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEBT TO THE IRS -42,864 DURING THE PERIOD THE ENTITY BECAME AWARE VIA A NOTICE THAT THE PRIOR ADMINISTARTION DIDN'T MAKE THE CORRECT 941 PAYMENTS. THIS RESULTED IN A DEBT TO THE IRS THAT THE ENTITY REACHED PAYMENT TERMS ON. A LIABILITY HAS BEEN BOOKED FOR THE PORTION THE ENTITY DIDN'T PAY DURING THE PERIOD ENDED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0282583
IRS990/TotalAssetsEOYAmt0328566
IRS990/TotalAssetsGrp/BOYAmt0282583
IRS990/TotalAssetsGrp/EOYAmt0328566
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt059162
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09746
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt035096
IRS990/TotalFunctionalExpensesGrp/TotalAmt044842
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0203747
IRS990/TotalLiabilitiesEOYAmt0278274
IRS990/TotalLiabilitiesGrp/BOYAmt0203747
IRS990/TotalLiabilitiesGrp/EOYAmt0278274
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt078836
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt050292
IRS990/TotalProgramServiceExpensesAmt035096
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt059162
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0282583
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0328566
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt062500
IRS990/USAddress/AddressLine1Txt0107 5TH STREET 2ND FLOOR
IRS990/USAddress/CityNm0BAY CITY
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048708
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTPS://WWW.BAYSAILBAYCITY.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILIP VELEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09892050390
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAY SAIL INC
ReturnHeader/Filer/BusinessNameControlTxt0BAYS
ReturnHeader/Filer/EIN0383378118
ReturnHeader/Filer/PhoneNum09898931222
ReturnHeader/Filer/USAddress/AddressLine1Txt0107 5TH STREET 2ND FLOOR
ReturnHeader/Filer/USAddress/CityNm0BAY CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048708
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382963463
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0QUAST JANKE & CO CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01010 N JOHNSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BAY CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048708
ReturnHeader/PreparerPersonGrp/PhoneNum09898924549
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT E FRISKE CPA
ReturnHeader/ReturnTs02025-11-17T12:45:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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