Civic Intelligence

Bay Sail

990 • Fiscal year 2022 • EIN 38-3378118

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

107 5th Street 2nd FloorBay City, MI 48708

(989) 893-1222

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.85x

Higher debt load relative to assets than 93% of similar nonprofits.

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

Liabilities / Revenue

94th percentile

0.88x

Higher debt load relative to revenue than 94% of similar nonprofits.

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

Net Margin

15th percentile

-30%

Higher net margin than 15% of similar nonprofits.

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

Top Officer Pay

94th percentile

$60,000

Higher top officer pay than 94% of similar nonprofits.

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

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

Asset Growth

17th percentile

-28%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-33%

Faster revenue growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$282,417

Down $112,147 (-28%) from 2021

Net Assets

Down

$43,546

Down $79,967 (-65%) from 2021

Liabilities

Down

$238,871

Down $32,180 (-12%) from 2021

Revenue

Down

$269,957

Down $132,120 (-33%) from 2021

Expenses

Down

$349,924

Down $8,255 (-2.3%) from 2021

Net Income

Down

-$79,967

Down $123,865 (-282%) from 2021

Historical Trend

Balance Sheet Trend

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

$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

2022

Assets$282,417
Liabilities$238,871
Net Assets$43,546

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$269,957
Expenses$349,924
Net Income-$79,967
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$269,957
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$270,639$255,000▼ $15,639
Cash and Non-Interest-Bearing Accounts$123,925$27,417▼ $96,508
Total Assets$394,564$282,417▼ $112,147
Liabilities
Mortgage Notes Payable Secured by Investment Property$259,625$232,972▼ $26,653
Other Liabilities$11,426$5,899▼ $5,527
Total Liabilities$271,051$238,871▼ $32,180
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$123,513$43,546▼ $79,967
Total Net Assets Fund Balance$123,513$43,546▼ $79,967
Total Liabilities and Net Assets / Fund Balance$394,564$282,417▼ $112,147

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

Employees

NameTitleFull / Part TimeBaseTotal
Chris YaklinExecutive DiFT$60,000$60,000

Board Members and Trustees

NameTitle
Greg VelezChairman
Bill CoberlyVice Chairma
Barbara AppoldBoard Member
Joe ParkerBoard Member
Mike BacigalupoBoard Member
Randy ShelagowskiBoard Member
Terry MillerBoard Member
Yvonne BrantleyBoard Member
Brian JohnsonSecretary
John FlemingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$108,956
Program Service Revenue
$156,298
Investment Income
$0
Other Revenue
$4,703
All Other Contributions
$108,956
Change in Net Assets
$-79,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$188,380
Salaries, Compensation, and Employee Benefits$161,544
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$88,031$673-$88,704
Current Officers, Directors, Trustees, and Key Employees-$60,000-$60,000
Insurance$28,712$1,955-$30,667
All Other Expenses$9,171$8,352-$17,523
Depreciation Depletion$15,639--$15,639
Occupancy$600$14,128-$14,728
Payroll Taxes$6,913$4,703-$11,616
Office Expenses$1,125$5,821-$6,946
Interest$6,578--$6,578
Other Expenses$5,961$8,060-$5,961
Fees for Services Accounting-$4,570-$4,570
Conferences and Meetings$2,081$744-$2,825
Advertising$1,925--$1,925
Travel$1,549--$1,549
Other Employee Benefits$1,224--$1,224
Total Functional Expenses$239,790$110,134$0$349,924
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$2,902
State Income Taxes$1,649
Health Insurance Payable$222
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
Greg Velez
Title
Chairman
Phone
9892050390
Signed
2023-11-14

Organization Details

Principal Officer
Greg Velez
Formed
1998
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
9

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

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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0182578
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0177619
IRS990/PYOtherRevenueAmt0201626
IRS990/PYProgramServiceRevenueAmt017873
IRS990/PYRevenuesLessExpensesAmt043898
IRS990/PYSalariesCompEmpBnftPaidAmt0180560
IRS990/PYTotalExpensesAmt0358179
IRS990/PYTotalRevenueAmt0402077
IRS990/ReconcilationRevenueExpnssAmt0-79967
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0146298
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 201,626
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0108956
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0182578
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0291534
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0174171
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0201626
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0201626
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59070
IRS990ScheduleA/PublicSupportPY170Pct00.47520
IRS990ScheduleA/PublicSupportTotal170Amt0291534
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0108956
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0182578
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0291534
IRS990ScheduleA/TotalSupportAmt0493554
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0394
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0394
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/BookValueAmt0375000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0375000
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt01126
IRS990ScheduleD/LandGrp/BookValueAmt0255000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0255000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0679841
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0679841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02902
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11649
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STATE INCOME TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2HEALTH INSURANCE PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01309841
IRS990ScheduleD/TotalLiabilityAmt05899
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0394564
IRS990/TotalAssetsEOYAmt0282417
IRS990/TotalAssetsGrp/BOYAmt0394564
IRS990/TotalAssetsGrp/EOYAmt0282417
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0108956
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0110134
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0239790
IRS990/TotalFunctionalExpensesGrp/TotalAmt0349924
IRS990/TotalGrossUBIAmt04703
IRS990/TotalLiabilitiesBOYAmt0271051
IRS990/TotalLiabilitiesEOYAmt0238871
IRS990/TotalLiabilitiesGrp/BOYAmt0271051
IRS990/TotalLiabilitiesGrp/EOYAmt0238871
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0123513
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt043546
IRS990/TotalOtherProgSrvcExpenseAmt015639
IRS990/TotalProgramServiceExpensesAmt0239790
IRS990/TotalProgramServiceRevenueAmt0156298
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0156298
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0269957
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt04703
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0394564
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0282417
IRS990/TravelGrp/ProgramServicesAmt01549
IRS990/TravelGrp/TotalAmt01549
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt0107 5TH STREET 2ND FLOOR
IRS990/USAddress/CityNm0BAY CITY
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048708
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTPS://WWW.BAYSAILBAYCITY.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG VELEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09892050390
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
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/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT E FRISKE CPA
ReturnHeader/ReturnTs02023-11-14T15:40:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREG

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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