Civic Intelligence

Geneva Lake Sailing School Inc.

990 • Fiscal year 2013 • EIN 39-1016242

Jan 01, 2013 to Dec 31, 2013 • Filed on May 12, 2014

Organization ProfileGLSS.ORG
PO Box 304Fontana, WI 53125

(262) 275-8489

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$47,560

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

93rd percentile

55%

Faster asset growth than 93% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$2,184,204

Up $779,038 (+55%) from 2012

Net Assets

Up

$2,183,801

Up $1,086,683 (+99%) from 2012

Liabilities

Down

$403

Down $307,645 (-100%) from 2012

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin96th percentile

Revenue

$1,390,407

No earlier filing loaded for comparison.

Expenses

Down

$303,724

Down $67,471 (-18%) from 2012

Net Income

$1,086,683

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,063,784Liabilities 2010: $155Net Assets 2010: $1,063,6292010Assets 2011: $1,106,821Liabilities 2011: $4,113Net Assets 2011: $1,102,7082011Assets 2012: $1,405,166Liabilities 2012: $308,048Net Assets 2012: $1,097,1182012Assets 2013: $2,184,204Liabilities 2013: $403Net Assets 2013: $2,183,8012013Assets 2014: $3,026,459Liabilities 2014: $720,524Net Assets 2014: $2,305,9352014Assets 2015: $4,145,029Liabilities 2015: $1,370,430Net Assets 2015: $2,774,5992015Assets 2016: $4,005,374Liabilities 2016: $1,087,049Net Assets 2016: $2,918,3252016Assets 2017: $4,018,602Liabilities 2017: $836,617Net Assets 2017: $3,181,9852017Assets 2018: $3,986,381Liabilities 2018: $722,113Net Assets 2018: $3,264,2682018Assets 2019: $4,131,020Liabilities 2019: $735,106Net Assets 2019: $3,395,9142019Assets 2020: $4,160,604Liabilities 2020: $773,649Net Assets 2020: $3,386,9552020Assets 2021: $4,279,820Liabilities 2021: $733,648Net Assets 2021: $3,546,1722021Assets 2022: $4,359,230Liabilities 2022: $709,748Net Assets 2022: $3,649,4822022Assets 2023: $4,377,156Liabilities 2023: $724,275Net Assets 2023: $3,652,8812023Assets 2024: $4,341,471Liabilities 2024: $726,479Net Assets 2024: $3,614,9922024

Highlighted filing

2013

Assets$2,184,204
Liabilities$403
Net Assets$2,183,801
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $281,7942010Expenses 2011: $317,5742011Expenses 2012: $371,1952012Revenue 2013: $1,390,407Expenses 2013: $303,724Net Income 2013: $1,086,6832013Revenue 2014: $1,047,597Expenses 2014: $263,456Net Income 2014: $784,1412014Revenue 2015: $789,320Expenses 2015: $320,656Net Income 2015: $468,6642015Revenue 2016: $510,313Expenses 2016: $366,587Net Income 2016: $143,7262016Revenue 2017: $724,668Expenses 2017: $461,008Net Income 2017: $263,6602017Revenue 2018: $603,335Expenses 2018: $521,052Net Income 2018: $82,2832018Revenue 2019: $633,637Expenses 2019: $506,541Net Income 2019: $127,0962019Revenue 2020: $525,702Expenses 2020: $534,661Net Income 2020: -$8,9592020Revenue 2021: $756,637Expenses 2021: $597,420Net Income 2021: $159,2172021Revenue 2022: $705,228Expenses 2022: $601,918Net Income 2022: $103,3102022Revenue 2023: $677,347Expenses 2023: $673,948Net Income 2023: $3,3992023Revenue 2024: $647,055Expenses 2024: $684,944Net Income 2024: -$37,8892024

Highlighted filing

2013

Revenue$1,390,407
Expenses$303,724
Net Income$1,086,683
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 12, 2014
Return Version
2013v3.1
Gross Receipts
$1,390,407
Mission and Program Overview

Mission

To teach enrolled students the sport of sailing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$106,961$1,272,538▲ $1,165,577
Land, Buildings, and Equipment, Net$153,319$158,655▲ $5,336
Cash and Non-Interest-Bearing Accounts$116,473$30,113▼ $86,360
Total Assets$1,101,489$2,184,204▲ $1,082,715
Other Assets Total$724,736$722,898▼ $1,838
Liabilities
Other Liabilities$4,371$403▼ $3,968
Total Liabilities$4,371$403▼ $3,968
Net Assets / Fund Balance
Temporarily Rstr Net Assets$127,123$1,278,896▲ $1,151,773
Unrestricted Net Assets$969,995$904,905▼ $65,090
Total Net Assets Fund Balance$1,097,118$2,183,801▲ $1,086,683
Total Liabilities and Net Assets / Fund Balance$1,101,489$2,184,204▲ $1,082,715

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$67,932$364,301$432,233
Other Land Buildings$90,723-$90,723
Other Assets Org$722,898--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joseph KutschenreuterExecutive DirectorFT$47,560$47,560

Board Members and Trustees

NameTitle
Thomas FreytagPresident
Michael BelsleyVice-president
Bill BarrettDirector
Daniel DaviesDirector
Jennifer JonesDirector
Larissa LyonsDirector
Peter StrothmanDirector
David NavinSecretary
David StoutTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,164,549
Program Service Revenue
$174,803
Investment Income
$7,571
Other Revenue
$43,484
All Other Contributions
$1,164,549
Change in Net Assets
$1,086,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,506
Salaries, Compensation, and Employee Benefits$119,218
Total Fundraising Expense$2,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$68,691$0$0$68,691
Fees for Services Legal$50,296$0$0$50,296
Occupancy$46,326$0$0$46,326
Current Officers, Directors, Trustees, and Key Employees$41,672$0$0$41,672
Depreciation Depletion$32,381$0$0$32,381
Insurance$18,435$0$0$18,435
Payroll Taxes$8,855$0$0$8,855
Other Expenses$1,142$0$2,932$4,074
Information Technology$2,044$0$0$2,044
All Other Expenses$1,797$0$0$1,797
Office Expenses$0$1,379$0$1,379
Fees for Services Accounting$0$820$0$820
Total Functional Expenses$298,593$2,199$2,932$303,724
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
Payroll Liabilities$403
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
39-1016242
Phone
2622758489

Signing Officer

Name
David Stout
Title
Treasurer
Phone
2622758489
Signed
2014-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Stout
Formed
1938
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
16
Volunteers
0

Preparer

Preparer
Patrick Romenesko
Phone
2622480220
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The board treasurer reviews the form 990 and presents”

Pt VI, Line 11B

“The results in summary to the board of directors.”

Form 990EZ, Part I, Line 8

“Boat rentals interest on note receivable”

Form 990EZ, Part I, Line 16

“Advertising bank and credit card fees boat repairs and maintenance camp meals instructor training and expense office/computer expense postage property and liability insurance regattas supplies telephone staff mileage reimbursements safety equipment racing expense fundraising expenses new building expense”

Form 990EZ, Part II, Line 24

“Boats and equipment, net of accum depreciation long term note receivable”

Form 990, Part IX, Line 24F

“Telephone staff mileage reimbursements fundraising expense regatta expense prop & liab insur instructor training & expense”

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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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IRS990/ProgramServiceRevenueGrp/Desc0REGATTAS AND RACES
IRS990/ProgramServiceRevenueGrp/Desc1TUITION AND LESSONS
IRS990/ProgramServiceRevenueGrp/Desc2SAILBOAT RENTAL
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034661
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1135167
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24975
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0129726
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0256
IRS990/PYOtherExpensesAmt0223199
IRS990/PYOtherRevenueAmt051988
IRS990/PYProgramServiceRevenueAmt0183635
IRS990/PYRevenuesLessExpensesAmt0-5590
IRS990/PYSalariesCompEmpBnftPaidAmt0147996
IRS990/PYTotalExpensesAmt0371195
IRS990/PYTotalRevenueAmt0365605
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01086683
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0225858
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0106961
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01272538
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
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/BookValueAmt067932
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0364301
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0432233
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0722898
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NOTE RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt090723
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt090723
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0403
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0158655
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0722898
IRS990ScheduleD/TotalLiabilityAmt0403
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THERE IS NOTHING IN THE BY-LAWS WHICH RESTRICT BY RACE, COLOR, CREED, SEX OR AGE, THE STUDENTS ACCEPTED OR INSTRUCTORS HIRED. THERE IS NO FORMAL SOLICITATION PROGRAM.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1PEOPLE OF ALL RACES ARE ENCOURAGED TO PARTICIPATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 4d
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD TREASURER REVIEWS THE FORM 990 AND PRESENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RESULTS IN SUMMARY TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOAT RENTALS INTEREST ON NOTE RECEIVABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADVERTISING BANK AND CREDIT CARD FEES BOAT REPAIRS AND MAINTENANCE CAMP MEALS INSTRUCTOR TRAINING AND EXPENSE OFFICE/COMPUTER EXPENSE POSTAGE PROPERTY AND LIABILITY INSURANCE REGATTAS SUPPLIES TELEPHONE STAFF MILEAGE REIMBURSEMENTS SAFETY EQUIPMENT RACING EXPENSE FUNDRAISING EXPENSES NEW BUILDING EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOATS AND EQUIPMENT, NET OF ACCUM DEPRECIATION LONG TERM NOTE RECEIVABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TELEPHONE STAFF MILEAGE REIMBURSEMENTS FUNDRAISING EXPENSE REGATTA EXPENSE PROP & LIAB INSUR INSTRUCTOR TRAINING & EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0127123
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01278896
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01101489
IRS990/TotalAssetsEOYAmt02184204
IRS990/TotalAssetsGrp/BOYAmt01101489
IRS990/TotalAssetsGrp/EOYAmt02184204
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01164549
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02932
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02199
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0298593
IRS990/TotalFunctionalExpensesGrp/TotalAmt0303724
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04371
IRS990/TotalLiabilitiesEOYAmt0403
IRS990/TotalLiabilitiesGrp/BOYAmt04371
IRS990/TotalLiabilitiesGrp/EOYAmt0403
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01097118
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02183801
IRS990/TotalProgramServiceExpensesAmt0298593
IRS990/TotalProgramServiceRevenueAmt0174803
IRS990/TotalReportableCompFromOrgAmt047560
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0225858
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01390407
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01101489
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02184204
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,184,204
Liabilities
$403
Net assets
$2,183,801
Revenue
$1,390,407
Expenses
$303,724
Net income
$1,086,683
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.34$0.73$3.61$0.65$0.68$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$0.72$3.65$0.68$0.67$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.36$0.71$3.65$0.71$0.60$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$0.73$3.55$0.76$0.60$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.16$0.77$3.39$0.53$0.53$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$0.74$3.40$0.63$0.51$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.99$0.72$3.26$0.60$0.52$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.02$0.84$3.18$0.72$0.46$0.26
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.01$1.09$2.92$0.51$0.37$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.15$1.37$2.77$0.79$0.32$0.47
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.03$0.72$2.31$1.05$0.26$0.78
2013Detailed filing. Detailed filing data is available for this year.$2.18$0.00$2.18$1.39$0.30$1.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.31$1.10$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.00$1.10$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.28