Civic Intelligence

Sail Sheboygan Ltd.

990 • Fiscal year 2014 • EIN 42-1647282

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 25, 2015

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

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

21st percentile

-6.4%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

97th percentile

259%

Faster revenue growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$875,264

Down $59,460 (-6.4%) from 2013

Net Assets

Down

$875,264

Down $57,827 (-6.2%) from 2013

Liabilities

Down

$0

Down $1,633 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin10th percentile

Revenue

Up

$203,748

Up $146,954 (+259%) from 2013

Expenses

Down

$261,575

Down $64,375 (-20%) from 2013

Net Income

Up

-$57,827

Up $211,329 (+79%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2014

Assets$875,264
Liabilities$0
Net Assets$875,264
Open 2014 Filing

Operations Trend

Revenue Growth97th percentile

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

2014

Revenue$203,748
Expenses$261,575
Net Income-$57,827
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 25, 2015
Return Version
2014v5.0
Gross Receipts
$251,671
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.

Provide education and promotion of sailing competitions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$854,777$731,723▼ $123,054
Savings and Temporary Cash Investments$15,409$107,693▲ $92,284
Pledges and Grants Receivable$28,762$35,420▲ $6,658
Cash and Non-Interest-Bearing Accounts$35,776$428▼ $35,348
Total Assets$934,724$875,264▼ $59,460
Liabilities
Accounts Payable and Accrued Expenses$1,633$0▼ $1,633
Total Liabilities$1,633$0▼ $1,633
Net Assets / Fund Balance
Unrestricted Net Assets$933,091$875,264▼ $57,827
Total Net Assets Fund Balance$933,091$875,264▼ $57,827
Total Liabilities and Net Assets / Fund Balance$934,724$875,264▼ $59,460

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$301,630$662,025$963,655
Leasehold Improvements$430,093$94,746$524,839
Compensation and Service Providers
Top Officer Pay47th 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
$86,765
Program Service Revenue
$91,444
Investment Income
$22,099
Other Revenue
$3,440
All Other Contributions
$86,765
Change in Net Assets
$-57,827

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table30$39,235Fair Market Value (FMV)
Total Noncash Contributions30$39,235-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,575
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$114,366--$114,366
Insurance$13,050--$13,050
All Other Expenses$1,528$559-$2,087
Fees for Services Accounting-$1,515-$1,515
Other Expenses$3,643$1,260-$1,260
Travel$894$223-$1,117
Office Expenses$485$593-$1,078
Fees for Services Other$523--$523
Occupancy$514--$514
Fees for Services Legal-$45-$45
Total Functional Expenses$257,380$4,195$0$261,575
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

Filer Name
Sail Sheboygan Ltd
EIN
42-1647282
Phone
9208890758
Address
PO BOX 649, SHEBOYGAN, WI 53082-0649

Signing Officer

Name
Jason Diener
Title
Board Treasurer
Phone
9208890758
Signed
2015-09-25
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

Firm
Hawkins Ash Cpas Llp
Address
ONE EAST WALDO BOULEVARD SUITE 5, MANITOWOC, WI 54220-2912
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, 2014 and 2013, 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 2010 and state examinations for years before 2009.”

Raw XML AppendixShowing 400 of 450 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.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt073
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0319
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0279
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0700
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0429907
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03440
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01058
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0153
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0271
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04922
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.81150
IRS990ScheduleA/PublicSupportPY170Pct00.82370
IRS990ScheduleA/PublicSupportTotal170Amt01516159
IRS990ScheduleA/SubstantialContributorsTotAmt0346616
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt086765
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt041156
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0230010
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0259927
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01244917
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01862775
IRS990ScheduleA/TotalSupportAmt01868397
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/BookValueAmt0301630
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0662025
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0963655
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0430093
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt094746
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, 2014 AND 2013, 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 2010 AND STATE EXAMINATIONS FOR YEARS BEFORE 2009.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0731723
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt030
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SAILS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt039235
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
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/BusinessNameLine1Txt0SAIL 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/AddressLine1Txt0607 N 8TH ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SHEBOYGAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053081
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt031000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SAIL 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/TotalAssetsBOYAmt0934724
IRS990/TotalAssetsEOYAmt0875264
IRS990/TotalAssetsGrp/BOYAmt0934724
IRS990/TotalAssetsGrp/EOYAmt0875264
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt086765
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04195
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0257380
IRS990/TotalFunctionalExpensesGrp/TotalAmt0261575
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01633
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01633
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0933091
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0875264
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0257380
IRS990/TotalProgramServiceRevenueAmt091444
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt022
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0116961

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$875,264
Liabilities
$0
Net assets
$875,264
Revenue
$203,748
Expenses
$261,575
Net income
-$57,827
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