Civic Intelligence

Sail Sheboygan Ltd.

990 • Fiscal year 2013 • EIN 42-1647282

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

Organization ProfileWWW.SAILSHEBOYGAN.ORG
PO Box 649Sheboygan, WI 53082-0649

(920) 889-0758

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

45th percentile

0.03x

Higher debt load relative to revenue than 45% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

1st percentile

-474%

Higher net margin than 1% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

8th percentile

-22%

Faster asset growth than 8% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M 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 / Assets27th percentile

Assets

Down

$934,724

Down $268,343 (-22%) from 2012

Net Assets

Down

$933,091

Down $269,156 (-22%) from 2012

Liabilities

Up

$1,633

Up $813 (+99%) from 2012

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin1st percentile

Revenue

$56,794

No earlier filing loaded for comparison.

Expenses

Down

$325,950

Down $254,317 (-44%) from 2012

Net Income

-$269,156

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,285,032Liabilities 2010: $223,936Net Assets 2010: $2,061,0962010Assets 2011: $1,896,325Liabilities 2011: $215,239Net Assets 2011: $1,681,0862011Assets 2012: $1,203,067Liabilities 2012: $820Net Assets 2012: $1,202,2472012Assets 2013: $934,724Liabilities 2013: $1,633Net Assets 2013: $933,0912013Assets 2014: $875,264Liabilities 2014: $0Net Assets 2014: $875,2642014Assets 2015: $76,556Liabilities 2015: $165Net Assets 2015: $76,3912015

Highlighted filing

2013

Assets$934,724
Liabilities$1,633
Net Assets$933,091
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $467,1102010Expenses 2011: $775,4972011Expenses 2012: $580,2672012Revenue 2013: $56,794Expenses 2013: $325,950Net Income 2013: -$269,1562013Revenue 2014: $203,748Expenses 2014: $261,575Net Income 2014: -$57,8272014Revenue 2015: $50,589Expenses 2015: $849,462Net Income 2015: -$798,8732015

Highlighted filing

2013

Revenue$56,794
Expenses$325,950
Net Income-$269,156
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 12, 2014
Return Version
2013v3.0
Gross Receipts
$62,985
Mission and Program Overview

Mission

To develop sailing ability in individuals to the extent of their capacity regardless of their age, income, ability, or disability. Those individuals who come to understand the fundamentals of sailing, teamwork, and seamanship understand more about themselves, their fellows, and their world. The mission is pursued through four areas: competition, training and education, community sailing and adaptive sailing.

To provide education and promotion of sailing competitions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,117,336$854,777▼ $262,559
Cash and Non-Interest-Bearing Accounts$31,913$35,776▲ $3,863
Pledges and Grants Receivable$33,000$28,762▼ $4,238
Savings and Temporary Cash Investments$11,303$15,409▲ $4,106
Prepaid Expenses and Deferred Charges$9,515$0▼ $9,515
Total Assets$1,203,067$934,724▼ $268,343
Liabilities
Accounts Payable and Accrued Expenses$820$1,633▲ $813
Total Liabilities$820$1,633▲ $813
Net Assets / Fund Balance
Unrestricted Net Assets$1,202,247$933,091▼ $269,156
Total Net Assets Fund Balance$1,202,247$933,091▼ $269,156
Total Liabilities and Net Assets / Fund Balance$1,203,067$934,724▼ $268,343

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$407,734$584,788$992,522
Leasehold Improvements$447,043$77,796$524,839
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Jason BemisPresident
Tom AtkinsVice President
Kathy LindgrenDirector
Mark WesselDirector
Richard RechelsdorferDirector
Winter HawleyDirector
Robert MelzerLegal Counsel - Non Voting
Mary Beth SnyderSecretary
Jason DienerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,156
Program Service Revenue
$18,822
Investment Income
$-3,184
Other Revenue
$0
All Other Contributions
$41,156
Change in Net Assets
$-269,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$325,950
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$151,919--$151,919
Insurance$19,004--$19,004
Other Expenses$9,420$3,237-$9,420
Fees for Services Accounting-$3,375-$3,375
All Other Expenses$1,353$788-$2,141
Travel$1,328$323-$1,651
Occupancy$1,429--$1,429
Fees for Services Other$707--$707
Advertising$350--$350
Office Expenses$99$119-$218
Fees for Services Legal-$44-$44
Total Functional Expenses$214,016$111,934$0$325,950
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
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

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no other formal committees.”

Form 990, Part VI, Section B, Line 11

“Prior to the filing of the form 990, the executive director and board treasurer perform an overall review of the 990.”

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

“Conflict of interest statements are reviewed and signed annually. If a conflict would arise, board members are excused from voting.”

Form 990, Part VI, Section C, Line 19

“Documents are available to the public upon request”

Filing and Contact Details

Filer

EIN
42-1647282
Phone
9208890758

Signing Officer

Name
Jason Diener
Title
Board Treasurer
Phone
9208890758
Signed
2014-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Diener
Formed
2004
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Preparer
Randall L Miller
Phone
9206847128
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

“Us gaap requires management to evaluate tax positions taken by the organization and recognize a tax liability (asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by a taxing authority. Management has analyzed the tax positions taken by the organization and has concluded that as of december 31, 2012 and 2011, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The organization is no longer subject to federal tax examinations by tax authorities for years before 2009 and state examinations for years before 2008.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0153
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0271
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0850
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02332
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82370
IRS990ScheduleA/PublicSupportPY170Pct00.73800
IRS990ScheduleA/PublicSupportTotal170Amt02048183
IRS990ScheduleA/SubstantialContributorsTotAmt0435173
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt041156
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0230010
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0259927
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01244917
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0707346
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02483356
IRS990ScheduleA/TotalSupportAmt02486435
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0407734
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0584788
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0992522
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0447043
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077796
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0524839
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0US GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009 AND STATE EXAMINATIONS FOR YEARS BEFORE 2008.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0854777
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO OTHER FORMAL COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO THE FILING OF THE FORM 990, THE EXECUTIVE DIRECTOR AND BOARD TREASURER PERFORM AN OVERALL REVIEW OF THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST STATEMENTS ARE REVIEWED AND SIGNED ANNUALLY. IF A CONFLICT WOULD ARISE, BOARD MEMBERS ARE EXCUSED FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10SAIL SHEBOYGAN FOUNDATION LTD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0270868173
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO RECEIVE AND ADMINISTER FUNDS FOR THE SUPPORT OF SAIL SHEBOYGAN LTD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 11B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10607 N 8TH ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0SHEBOYGAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode053081
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt028000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10SAIL SHEBOYGAN FOUNDATION LTD
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01203067
IRS990/TotalAssetsEOYAmt0934724
IRS990/TotalAssetsGrp/BOYAmt01203067
IRS990/TotalAssetsGrp/EOYAmt0934724
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt041156
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0111934
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0214016
IRS990/TotalFunctionalExpensesGrp/TotalAmt0325950
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0820
IRS990/TotalLiabilitiesEOYAmt01633
IRS990/TotalLiabilitiesGrp/BOYAmt0820
IRS990/TotalLiabilitiesGrp/EOYAmt01633
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01202247
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0933091
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0214016
IRS990/TotalProgramServiceRevenueAmt018822
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt07
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015631
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt056794
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01203067
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0934724
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0323
IRS990/TravelGrp/ProgramServicesAmt01328
IRS990/TravelGrp/TotalAmt01651
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$934,724
Liabilities
$1,633
Net assets
$933,091
Revenue
$56,794
Expenses
$325,950
Net income
-$269,156
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.05$0.85$0.80
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.20$0.26$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.06$0.33$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.00$1.20$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.22$1.68$0.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.22$2.06$0.47