Civic Intelligence

Wayzata Sailing Foundation

990 • Fiscal year 2016 • EIN 41-1986402

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 30, 2017

Organization ProfileWWW.WAYZATASAILING.ORG
PO Box 768Wayzata, MN 55391

(952) 476-5875

Siviq Scores

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

Liabilities / Assets

57th percentile

0.15x

Higher debt load relative to assets than 57% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

0.97x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

45th percentile

$52,083

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

51st percentile

1.5%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-22%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$2,514,798

Up $37,957 (+1.5%) from 2015

Net Assets

Up

$2,132,347

Up $54,005 (+2.6%) from 2015

Liabilities

Down

$382,451

Down $16,048 (-4.0%) from 2015

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin74th percentile

Revenue

Down

$392,365

Down $110,509 (-22%) from 2015

Expenses

Down

$338,360

Down $10,750 (-3.1%) from 2015

Net Income

Down

$54,005

Down $99,759 (-65%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,368,955Liabilities 2010: $743,153Net Assets 2010: $1,625,8022010Assets 2011: $2,308,948Liabilities 2011: $778,121Net Assets 2011: $1,530,8272011Assets 2012: $2,593,043Liabilities 2012: $738,845Net Assets 2012: $1,854,1982012Assets 2013: $2,527,602Liabilities 2013: $597,279Net Assets 2013: $1,930,3232013Assets 2014: $2,536,294Liabilities 2014: $611,716Net Assets 2014: $1,924,5782014Assets 2015: $2,476,841Liabilities 2015: $398,499Net Assets 2015: $2,078,3422015Assets 2016: $2,514,798Liabilities 2016: $382,451Net Assets 2016: $2,132,3472016Assets 2017: $2,523,756Liabilities 2017: $23,932Net Assets 2017: $2,499,8242017Assets 2018: $3,587,511Liabilities 2018: $187,091Net Assets 2018: $3,400,4202018Assets 2019: $4,240,455Liabilities 2019: $152,822Net Assets 2019: $4,087,6332019Assets 2020: $4,238,531Liabilities 2020: $207,085Net Assets 2020: $4,031,4462020Assets 2021: $4,353,109Liabilities 2021: $93,023Net Assets 2021: $4,260,0862021Assets 2022: $4,238,377Liabilities 2022: $86,875Net Assets 2022: $4,151,5022022Assets 2023: $4,189,954Liabilities 2023: $67,882Net Assets 2023: $4,122,0722023Assets 2024: $4,156,227Liabilities 2024: $71,462Net Assets 2024: $4,084,7652024

Highlighted filing

2016

Assets$2,514,798
Liabilities$382,451
Net Assets$2,132,347
Open 2016 Filing

Operations Trend

Revenue Growth14th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $312,292Expenses 2010: $472,648Net Income 2010: -$160,3562010Expenses 2011: $426,8682011Expenses 2012: $480,3572012Revenue 2013: $540,990Expenses 2013: $464,865Net Income 2013: $76,1252013Revenue 2014: $435,148Expenses 2014: $440,893Net Income 2014: -$5,7452014Revenue 2015: $502,874Expenses 2015: $349,110Net Income 2015: $153,7642015Revenue 2016: $392,365Expenses 2016: $338,360Net Income 2016: $54,0052016Revenue 2017: $737,867Expenses 2017: $370,390Net Income 2017: $367,4772017Revenue 2018: $1,321,848Expenses 2018: $406,169Net Income 2018: $915,6792018Revenue 2019: $1,191,907Expenses 2019: $519,597Net Income 2019: $672,3102019Revenue 2020: $420,559Expenses 2020: $483,714Net Income 2020: -$63,1552020Revenue 2021: $724,615Expenses 2021: $509,537Net Income 2021: $215,0782021Revenue 2022: $607,591Expenses 2022: $690,318Net Income 2022: -$82,7272022Revenue 2023: $601,837Expenses 2023: $651,441Net Income 2023: -$49,6042023Revenue 2024: $712,379Expenses 2024: $756,805Net Income 2024: -$44,4262024

Highlighted filing

2016

Revenue$392,365
Expenses$338,360
Net Income$54,005
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 30, 2017
Return Version
2016v3.0
Gross Receipts
$401,748
Mission and Program Overview

Mission

The mission of the wayzata sailing foundation is to increase the education of, understanding of, and appreciation of sailing both in competitive racing and recreational cruising. The foundation undertakes fundraising to:support public sailing clinics for students in the local community. Promote community youth sailing by providing boats, accessories and instruction in affordable classes for students who otherwise would not have such an opportunity. Support other non-profit and 501(c)3 organizations that introduce and further the enjoyment of sailing and sailboat racing for youth through education. Underwrite training, education and competition for non-profit youth sailing teams. The wayzata sailing foundation does not and will not discriminate in any manner with respect to race, creed, national or cultural origin, gender, or sexual preference.

The wayzata sailing foundation's purpose is to promote sailing for everyone by providing access to facilities, and sailing instructions to people of all backgrounds and skill levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,212,890$2,218,552▲ $5,662
Rtn Earn Endowment Incm Other Fnds$2,078,342$2,132,347▲ $54,005
Savings and Temporary Cash Investments$113,149$127,754▲ $14,605
Investments in Publicly Traded Securities$116,932$122,132▲ $5,200
Pledges and Grants Receivable$33,870$29,763▼ $4,107
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,476,841$2,514,798▲ $37,957
Other Assets Total-$16,597-
Liabilities
Mortgage Notes Payable Secured by Investment Property$367,720$356,572▼ $11,148
Unsecured Notes Loans Payable$26,648$17,236▼ $9,412
Accounts Payable and Accrued Expenses$4,131$8,643▲ $4,512
Total Liabilities$398,499$382,451▼ $16,048
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,078,342$2,132,347▲ $54,005
Total Liabilities and Net Assets / Fund Balance$2,476,841$2,514,798▲ $37,957

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$198,887$59,641-
Land$1,861,167--
Equipment$158,498$375,671-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$106,639-▲ $15,493-$122,132
2015$110,864-▲ $6,206-$106,639
2014$115,616-▲ $1,099-$110,864
2013$106,394-▲ $13,775-$115,616
2012$111,929-▼ $146-$106,394
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Matthew ThompsonExecutive DirectorFT$52,083$52,083

Board Members and Trustees

NameTitle
Rob HuntPresident
Robert FosterVice President
Ernest BrodyDirector
George HansenDirector
Howard NoreenDirector
Jana SimmonsDirector
Larry AubuchonDirector
Pat MaloneyDirector
Patty HicksDirector
Robb HarrissSecretary
James BeltzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$92,001
Program Service Revenue
$241,265
Investment Income
$5,310
Other Revenue
$53,789
All Other Contributions
$79,750
Change in Net Assets
$54,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,742
Salaries, Compensation, and Employee Benefits$150,456
Total Fundraising Expense$17,050
Professional Fundraising Fees$9,000
Grants and Similar Amounts Paid$8,162

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$66,942$15,253$2,542$84,737
Current Officers, Directors, Trustees, and Key Employees$41,146$9,375$1,562$52,083
Depreciation Depletion$33,973$7,741$1,290$43,004
Interest$15,722$3,931-$19,653
Insurance$13,443$3,063$510$17,016
Advertising$12,996$2,999$667$16,662
Office Expenses$10,903$2,484$415$13,802
Payroll Taxes$10,772$2,454$410$13,636
All Other Expenses$9,490--$9,490
Fees for Services Professional Fundraising--$9,000$9,000
Grants to Domestic Orgs$4,662--$4,662
Fees for Services Accounting-$4,650-$4,650
Other Expenses$4,620$3,922$654$4,620
Grants to Domestic Individuals$3,500--$3,500
Travel$1,487--$1,487
Total Functional Expenses$265,438$55,872$17,050$338,360
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,385
Gaming Gross Income$10,760
Professional Fundraising Fees$9,000
Gaming Direct Expenses$5,565
Fundraising Direct Expenses$1,582

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wine on Wayzata Bay$30,435$30,435-$30,435
Capital Campaign$7,705---
Total Events$45,516$37,811$83$37,728
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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization's membership consists of all dues paying members in good standing.”

Form 990, Part VI, Section A, Line 7A

“The members of wayzata sailing foundation elects all members of the board of directors.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed and signed by the treasurer.”

Form 990, Part VI, Section B, Line 12C

“The organization monitors and enforces the conflict of interest policy through regular inquiries made by the board of directors.”

Form 990, Part VI, Section B, Line 15

“Compensation of key employees is made by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Bylaws, code of ethics, diversity statement, conflicts of interest and financial statements are available by request only.”

Filing and Contact Details

Filer

Filer Name
Wayzata Sailing Foundation
EIN
41-1986402
Phone
9524765875
Address
PO BOX 768, WAYZATA, MN 55391
Doing Business As
Wayzata Community Sailing Center

Signing Officer

Name
James Beltz
Title
Treasurer
Phone
9524765875
Signed
2017-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Hunt
Formed
2000
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
25
Volunteers
80

Preparer

Firm
Copeland Buhl & Company Pllp
Address
800 EAST WAYZATA BOULEVARD STE 300, WAYZATA, MN 55391-1766
Preparer
David Niemela
Phone
9524767100
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“To help defray costs related to college races and provide sailing scholarships to individuals.”

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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/MissionDesc0THE MISSION OF THE WAYZATA SAILING FOUNDATION IS TO INCREASE THE EDUCATION OF, UNDERSTANDING OF, AND APPRECIATION OF SAILING BOTH IN COMPETITIVE RACING AND RECREATIONAL CRUISING. THE FOUNDATION UNDERTAKES FUNDRAISING TO: SUPPORT PUBLIC SAILING CLINICS FOR STUDENTS IN THE LOCAL COMMUNITY.PROMOTE COMMUNITY YOUTH SAILING BY PROVIDING BOATS, ACCESSORIES AND INSTRUCTION IN AFFORDABLE CLASSES FOR STUDENTS WHO OTHERWISE WOULD NOT HAVE SUCH AN OPPORTUNITY.SUPPORT OTHER NON-PROFIT AND 501(C)3 ORGANIZATIONS THAT INTRODUCE AND FURTHER THE ENJOYMENT OF SAILING AND SAILBOAT RACING FOR YOUTH THROUGH EDUCATION.UNDERWRITE TRAINING, EDUCATION AND COMPETITION FOR NON-PROFIT YOUTH SAILING TEAMS.THE WAYZATA SAILING FOUNDATION DOES NOT AND WILL NOT DISCRIMINATE IN ANY MANNER WITH RESPECT TO RACE, CREED, NATIONAL OR CULTURAL ORIGIN, GENDER, OR SEXUAL PREFERENCE.
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IRS990/OtherExpensesGrp/ProgramServicesAmt29106
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IRS990/OtherExpensesGrp/TotalAmt19466
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0410
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IRS990/PayrollTaxesGrp/ProgramServicesAmt010772
IRS990/PayrollTaxesGrp/TotalAmt013636
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROB HUNT
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc1REGATTAS & CLINICS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119473
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION HOSTED VARIOUS ACTIVITIES THROUGHOUT THE YEAR RELATED TO SAILING ACTIVITIES INCLUDING SAILING CLINICS AND REGATTAS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt029685
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IRS990/PYContributionsGrantsAmt0218026
IRS990/PYExcessBenefitTransInd00
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IRS990/PYOtherRevenueAmt040645
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IRS990/PYTotalProfFndrsngExpnsAmt015357
IRS990/PYTotalRevenueAmt0502874
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02078342
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0143881
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0248922
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0536344
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,514,798
Liabilities
$382,451
Net assets
$2,132,347
Revenue
$392,365
Expenses
$338,360
Net income
$54,005
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.16$0.07$4.08$0.71$0.76$0.04
2023Detailed filing. Detailed filing data is available for this year.$4.19$0.07$4.12$0.60$0.65$0.05
2022Detailed filing. Detailed filing data is available for this year.$4.24$0.09$4.15$0.61$0.69$0.08
2021Detailed filing. Detailed filing data is available for this year.$4.35$0.09$4.26$0.72$0.51$0.22
2020Detailed filing. Detailed filing data is available for this year.$4.24$0.21$4.03$0.42$0.48$0.06
2019Detailed filing. Detailed filing data is available for this year.$4.24$0.15$4.09$1.19$0.52$0.67
2018Detailed filing. Detailed filing data is available for this year.$3.59$0.19$3.40$1.32$0.41$0.92
2017Detailed filing. Detailed filing data is available for this year.$2.52$0.02$2.50$0.74$0.37$0.37
2016Detailed filing. Detailed filing data is available for this year.$2.51$0.38$2.13$0.39$0.34$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.48$0.40$2.08$0.50$0.35$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.54$0.61$1.92$0.44$0.44$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.53$0.60$1.93$0.54$0.46$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.74$1.85$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.78$1.53$0.43
2010Summary only. Only limited summary data is available for this year.$2.37$0.74$1.63$0.31$0.47$0.16