Civic Intelligence

Chain Skimmers Water Ski Team Inc.

990EZ • Fiscal year 2018 • EIN 39-1304271

Oct 01, 2017 to Sep 30, 2018 • Filed on May 07, 2019

Organization ProfileN/A
PO Box 214Eagle River, WI 54521

(773) 202-1000

Siviq Scores

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

Liabilities / Assets

85th percentile

0.27x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

1.28x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Net Margin

97th percentile

73%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Asset Growth

39th percentile

-2.7%

Faster asset growth than 39% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

126%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$189,442

Down $5,337 (-2.7%) from 2017

Net Assets

Up

$138,035

Up $29,078 (+27%) from 2017

Liabilities

Down

$51,407

Down $34,415 (-40%) from 2017

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin97th percentile

Revenue

Up

$40,009

Up $22,293 (+126%) from 2017

Expenses

Up

$10,931

Up $3,207 (+42%) from 2017

Net Income

Up

$29,078

Up $19,086 (+191%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$200K$150K$100K$50K$0Assets 2011: $131,864Liabilities 2011: $79,9742011Assets 2012: $135,969Liabilities 2012: $69,9412012Assets 2013: $158,269Liabilities 2013: $65,6382013Assets 2014: $158,062Liabilities 2014: $60,8532014Assets 2015: $158,131Liabilities 2015: $55,7292015Assets 2017: $194,779Liabilities 2017: $85,822Net Assets 2017: $108,9572017Assets 2018: $189,442Liabilities 2018: $51,407Net Assets 2018: $138,0352018

Highlighted filing

2018

Assets$189,442
Liabilities$51,407
Net Assets$138,035
Open 2018 Filing

Operations Trend

Revenue Growth96th percentile

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

$60K$40K$20K$0Revenue 2011: $36,893Expenses 2011: $31,580Net Income 2011: $5,3132011Revenue 2012: $47,265Expenses 2012: $39,127Net Income 2012: $8,1382012Revenue 2013: $46,534Expenses 2013: $19,571Net Income 2013: $26,9632013Revenue 2014: $32,051Expenses 2014: $27,833Net Income 2014: $4,2182014Revenue 2015: $17,863Expenses 2015: $12,670Net Income 2015: $5,1932015Revenue 2017: $17,716Expenses 2017: $7,724Net Income 2017: $9,9922017Revenue 2018: $40,009Expenses 2018: $10,931Net Income 2018: $29,0782018

Highlighted filing

2018

Revenue$40,009
Expenses$10,931
Net Income$29,078
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
May 7, 2019
Return Version
2017v2.2
Gross Receipts
$67,230
Mission and Program Overview

Mission

The organization promotes the sport of water skiing for young adults. It sponsors shows for the public during the summer months. These shows are performed on lake pleasant in conover, wisconsin. All proceeds are used to offset operating expenses.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION PROMOTES THE SPORT OF WATER SKIING FOR YOUNG ADULTS. IT SPONSORS SHOWS FOR THE PUBLIC DURING THE SUMMER MONTHS. THESE SHOWS ARE PERFORMED ON LAKE PLEASANT IN CONOVER, WISCONSIN. ALL PROCEEDS ARE USED TO OFFSET OPERATING EXPENSES.$10,931-
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHLEEN ENGELKINGPresident-$0--
ANASTASIA COKINOSVice President-$0--
SAVANNAH GRAFTreasurer-$0--
LEANNE FORDSecretary-$0--
IAN HAWKINSPublicity-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Water Ski Shows and Events$64,205$64,205$27,221$36,984
Total Events$64,205$64,205$27,221$36,984
Filing and Contact Details

Filer

Filer Name
Chainskimmers Water Ski Team Inc
EIN
39-1304271
Address
PO BOX 214, EAGLE RIVER, WI 54521

Signing Officer

Name
Kathleen Engelking
Title
President
Signed
2019-05-07
Discuss with paid preparer
Yes

Preparer

Firm
Dennis A Parker CPA Ltd
Address
5439 W Lawrence Ave, Chicago, IL 60630
Preparer
Dennis a Parkercpa
Phone
7732021000
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $988”

Other Expenses.1005

“Travel $2162”

Other Expenses.1008

“Interest $3284”

Other Expenses.1012

“Insurance $3693”

Other Assets.1003

“Machinery and Equipment - Beginning $85880 Machinery and Equipment - Ending $85880”

Total Liabilities.1

“LOANS PAYABLE - Beginning $85822 LOANS PAYABLE - Ending $51407”

Raw XML Appendix134 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0KATHLEEN ENGELKING
IRS990EZ/BooksInCareOfDetail/PhoneNum07732021000
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 214
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0EAGLE RIVER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd054521
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt030899
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt025562
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt029078
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0750
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0194779
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0189442
IRS990EZ/FundraisingGrossIncomeAmt064205
IRS990EZ/GrossReceiptsAmt067230
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt078000
IRS990EZ/LandAndBuildingsGrp/EOYAmt078000
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt03025
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0108957
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0138035
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0108957
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0138035
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KATHLEEN ENGELKING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANASTASIA COKINOS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SAVANNAH GRAF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3LEANNE FORD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4IAN HAWKINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PUBLICITY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt085880
IRS990EZ/OtherAssetsTotalDetail/EOYAmt085880
IRS990EZ/OtherExpensesTotalAmt010127
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION PROMOTES THE SPORT OF WATER SKIING FOR YOUNG ADULTS. IT SPONSORS SHOWS FOR THE PUBLIC DURING THE SUMMER MONTHS. THESE SHOWS ARE PERFORMED ON LAKE PLEASANT IN CONOVER, WISCONSIN. ALL PROCEEDS ARE USED TO OFFSET OPERATING EXPENSES.
IRS990EZ/PrintingPublicationsPostageAmt054
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION PROMOTES THE SPORT OF WATER SKIING FOR YOUNG ADULTS. IT SPONSORS SHOWS FOR THE PUBLIC DURING THE SUMMER MONTHS. THESE SHOWS ARE PERFORMED ON LAKE PLEASANT IN CONOVER, WISCONSIN. ALL PROCEEDS ARE USED TO OFFSET OPERATING EXPENSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010931
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt027221
IRS990EZ/SpecialEventsNetIncomeLossAmt036984
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt085822
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt051407
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt010931
IRS990EZ/TotalProgramServiceExpensesAmt010931
IRS990EZ/TotalRevenueAmt040009
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027221
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0WATER SKI SHOWS AND EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt064205
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt064205
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt064205
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt064205
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt036984
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt027221
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt027221
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0WATER SKI SHOWS AND EVENTS
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2b - Fundraiser Additional Information
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $988
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $2162
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Interest $3284
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $3693
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Machinery and Equipment - Beginning $85880 Machinery and Equipment - Ending $85880
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LOANS PAYABLE - Beginning $85822 LOANS PAYABLE - Ending $51407
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Total Liabilities.1
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHLEEN ENGELKING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHAINSKIMMERS WATER SKI TEAM INC
ReturnHeader/Filer/BusinessNameControlTxt0CHAI
ReturnHeader/Filer/EIN0391304271
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 214
ReturnHeader/Filer/USAddress/CityNm0EAGLE RIVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054521
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363740424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Dennis A Parker CPA Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05439 W Lawrence Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060630
ReturnHeader/PreparerPersonGrp/PhoneNum07732021000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS A PARKERCPA
ReturnHeader/ReturnTs02019-05-07T12:10:36-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$189,442
Liabilities
$51,407
Net assets
$138,035
Revenue
$40,009
Expenses
$10,931
Net income
$29,078
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$1.89$0.51$1.38$0.40$0.11$0.29
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.95$0.86$1.09$0.18$0.08$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.56$0.18$0.13$0.05
2014Summary only. Only limited summary data is available for this year.$1.58$0.61$0.32$0.28$0.04
2013Summary only. Only limited summary data is available for this year.$1.58$0.66$0.47$0.20$0.27
2012Summary only. Only limited summary data is available for this year.$1.36$0.70$0.47$0.39$0.08
2011Summary only. Only limited summary data is available for this year.$1.32$0.80$0.37$0.32$0.05