Civic Intelligence

Columbia Sailing School

990 • Fiscal year 2018 • EIN 47-3706487

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

111 N Lake Shore DrChicago, IL 60601

(312) 938-3625

Siviq Scores

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

Liabilities / Assets

74th percentile

0.22x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.09x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

45th percentile

1.6%

Higher net margin than 45% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

8.7%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$242,961

Up $27,081 (+13%) from 2017

Net Assets

Up

$190,181

Up $9,959 (+5.5%) from 2017

Liabilities

Up

$52,780

Up $17,122 (+48%) from 2017

Revenue

Up

$607,946

Up $48,455 (+8.7%) from 2017

Expenses

Up

$597,987

Up $152,269 (+34%) from 2017

Net Income

Down

$9,959

Down $103,814 (-91%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2015: $12,173Liabilities 2015: $16,682Net Assets 2015: -$4,5092015Assets 2016: $109,447Liabilities 2016: $42,998Net Assets 2016: $66,4492016Assets 2017: $215,880Liabilities 2017: $35,658Net Assets 2017: $180,2222017Assets 2018: $242,961Liabilities 2018: $52,780Net Assets 2018: $190,1812018Assets 2019: $241,136Liabilities 2019: $54,433Net Assets 2019: $186,7032019Assets 2020: $273,275Liabilities 2020: $123,840Net Assets 2020: $149,4352020Assets 2021: $383,483Liabilities 2021: $91,513Net Assets 2021: $291,9702021Assets 2022: $425,238Liabilities 2022: $99,013Net Assets 2022: $326,2252022Assets 2023: $535,922Liabilities 2023: $175,075Net Assets 2023: $360,8472023Assets 2024: $446,324Liabilities 2024: $143,151Net Assets 2024: $303,1732024

Highlighted filing

2018

Assets$242,961
Liabilities$52,780
Net Assets$190,181

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $265,809Expenses 2015: $270,318Net Income 2015: -$4,5092015Revenue 2016: $426,890Expenses 2016: $355,932Net Income 2016: $70,9582016Revenue 2017: $559,491Expenses 2017: $445,718Net Income 2017: $113,7732017Revenue 2018: $607,946Expenses 2018: $597,987Net Income 2018: $9,9592018Revenue 2019: $735,528Expenses 2019: $739,006Net Income 2019: -$3,4782019Revenue 2020: $583,104Expenses 2020: $620,372Net Income 2020: -$37,2682020Revenue 2021: $865,948Expenses 2021: $723,413Net Income 2021: $142,5352021Revenue 2022: $947,002Expenses 2022: $912,747Net Income 2022: $34,2552022Revenue 2023: $1,021,146Expenses 2023: $986,524Net Income 2023: $34,6222023Revenue 2024: $1,013,731Expenses 2024: $1,071,405Net Income 2024: -$57,6742024

Highlighted filing

2018

Revenue$607,946
Expenses$597,987
Net Income$9,959
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$630,250
Mission and Program Overview

Mission

Promote the safe, responsible, and enjoyable operation of sailboats and other watercraft for people of all ages, genders, and ethnic backgrounds. We wish to promote sailing and boating as viable and rewarding activities and ensure that those who participate do so in a safe and responsible manner.

Promote the safe, responsible, and enjoyable operation of sailboats and other watercraft for people of all ages, genders, and ethnic backgrounds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$171,524$175,782▲ $4,258
Cash and Non-Interest-Bearing Accounts$31,930$53,865▲ $21,935
Prepaid Expenses and Deferred Charges$12,426$13,314▲ $888
Total Assets$215,880$242,961▲ $27,081
Liabilities
Accounts Payable and Accrued Expenses$24,216$35,479▲ $11,263
Other Liabilities$5,377$11,796▲ $6,419
Deferred Revenue$6,065$5,505▼ $560
Total Liabilities$35,658$52,780▲ $17,122
Net Assets / Fund Balance
Unrestricted Net Assets$180,222$190,181▲ $9,959
Total Net Assets Fund Balance$180,222$190,181▲ $9,959
Total Liabilities and Net Assets / Fund Balance$215,880$242,961▲ $27,081

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$175,782$103,085$278,867
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dave RootDirector
Joe HarrisDirector
Michael KorbelDirector
Robert WillisDirector
Shannon WojcikDirector
Stephen PrattDirector
Stuart FriedmanDirector
Tara FumertonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$55,720
Program Service Revenue
$498,601
Investment Income
$31
Other Revenue
$53,594
All Other Contributions
$55,720
Change in Net Assets
$9,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$335,834
Salaries, Compensation, and Employee Benefits$262,153
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$222,356--$222,356
Occupancy$58,854--$58,854
Insurance$56,545--$56,545
Depreciation Depletion$52,386--$52,386
Travel$22,771--$22,771
Other Employee Benefits$21,786--$21,786
Office Expenses-$21,022-$21,022
Payroll Taxes$18,011--$18,011
Advertising$11,756--$11,756
Other Expenses$7,367--$7,367
Fees for Services Accounting-$2,677-$2,677
Information Technology-$1,623-$1,623
Interest$250--$250
Total Functional Expenses$572,665$25,322$0$597,987
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$75,898
Fundraising Direct Expenses$22,304
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raise the Sail$56,713$56,713$22,304$34,409
Bingo Brunch$11,185$11,185-$11,185
Total Events$75,898$75,898$22,304$53,594
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$11,796
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 B, Line 11B

The chairman of the board and staff present the 990 and all related schedules to the board of directors and address any questions, concerns, or suggestions.

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

Transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed: a. The conflicting interest is fully disclosed; b. The person with the conflict of interest is excluded from the discussion and approval of such transaction; c. A competitive bid or comparable valuation exists; and d. The board has determined that the transaction is in the best interest of the organization. Disclosure in the organization should be made to the commodore (or if she or he is the one with the conflict, then to the secretary), who shall bring the matter to the attention of the board of directors. Disclosure involving directors should be made to the commodore, (or if she or he is the one with the conflict, then to the secretary) who shall bring these matters to the board of directors. The board of directors shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to columbia sailing school. The decision of the board of directors on these matters will rest in their sole discretion, and their concern must be the welfare of columbia sailing school and the advancement of its purpose.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Columbia Sailing School
EIN
47-3706487
Phone
3129383625
Address
111 N LAKE SHORE DR, CHICAGO, IL 60601

Signing Officer

Name
Robert Willis
Title
Director
Phone
3129383625
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Korbel
Formed
2015
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
36
Volunteers
20

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
777 E WISCONSIN AVENUE 32ND FLOOR, MILWAUKEE, WI 53202
Preparer
Troy E Marine CPA
Phone
4147775500
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NON-DISCRIMINATION POLICY INCLUDED ON PRINTED MATERIAL, INCLUDING BROCHURES HANDED OUT AT BOAT SHOWS AND PUBLISHED ADVERTISEMENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022304
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0RAISE THE SAIL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BINGO BRUNCH
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt056713
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt011185
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt08000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt075898
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt056713
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt011185
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt08000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt075898
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt053594
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt022304
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt022304
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAIRMAN OF THE BOARD AND STAFF PRESENT THE 990 AND ALL RELATED SCHEDULES TO THE BOARD OF DIRECTORS AND ADDRESS ANY QUESTIONS, CONCERNS, OR SUGGESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: A. THE CONFLICTING INTEREST IS FULLY DISCLOSED; B. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; C. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND D. THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE COMMODORE (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE SECRETARY), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OF DIRECTORS. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE COMMODORE, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE SECRETARY) WHO SHALL BRING THESE MATTERS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO COLUMBIA SAILING SCHOOL. THE DECISION OF THE BOARD OF DIRECTORS ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF COLUMBIA SAILING SCHOOL AND THE ADVANCEMENT OF ITS PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COLUMBIA YACHT CLUB
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0360935520
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PRIVATE CLUB
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0111 N LAKE SHORE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060601
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0215880
IRS990/TotalAssetsEOYAmt0242961
IRS990/TotalAssetsGrp/BOYAmt0215880
IRS990/TotalAssetsGrp/EOYAmt0242961
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt055720
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025322
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0572665
IRS990/TotalFunctionalExpensesGrp/TotalAmt0597987
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035658
IRS990/TotalLiabilitiesEOYAmt052780
IRS990/TotalLiabilitiesGrp/BOYAmt035658
IRS990/TotalLiabilitiesGrp/EOYAmt052780
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0180222
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0190181
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0572665
IRS990/TotalProgramServiceRevenueAmt0498601
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt053625
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0498601
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0607946
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0215880
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0242961
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt022771
IRS990/TravelGrp/TotalAmt022771
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0180222
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0190181
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0111 N LAKE SHORE DR
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060601
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0HTTPS://WWW.COLUMBIASAILINGSCHOOL.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT WILLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03129383625
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLUMBIA SAILING SCHOOL

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