Civic Intelligence

Columbia Sailing School

990 • Fiscal year 2020 • EIN 47-3706487

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

Organization ProfileWWW.COLUMBIASAILINGSCHOOL.ORG
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

82nd percentile

0.45x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.21x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

27th percentile

-6.4%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

61st percentile

13%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-21%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$273,275

Up $32,139 (+13%) from 2019

Net Assets

Down

$149,435

Down $37,268 (-20%) from 2019

Liabilities

Up

$123,840

Up $69,407 (+128%) from 2019

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin27th percentile

Revenue

Down

$583,104

Down $152,424 (-21%) from 2019

Expenses

Down

$620,372

Down $118,634 (-16%) from 2019

Net Income

Down

-$37,268

Down $33,790 (-972%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

2020

Assets$273,275
Liabilities$123,840
Net Assets$149,435
Open 2020 Filing

Operations Trend

Revenue Growth26th percentile

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

2020

Revenue$583,104
Expenses$620,372
Net Income-$37,268
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$591,369
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$207,323$148,458▼ $58,865
Cash and Non-Interest-Bearing Accounts$14,571$78,024▲ $63,453
Savings and Temporary Cash Investments$0$17,376▲ $17,376
Prepaid Expenses and Deferred Charges$19,242$16,698▼ $2,544
Accounts Receivable$0$10,906▲ $10,906
Inventories for Sale or Use$0$1,813▲ $1,813
Total Assets$241,136$273,275▲ $32,139
Liabilities
Accounts Payable and Accrued Expenses$41,022$53,433▲ $12,411
Mortgage Notes Payable Secured by Investment Property$0$43,100▲ $43,100
Deferred Revenue$4,643$21,175▲ $16,532
Other Liabilities$8,768$6,132▼ $2,636
Total Liabilities$54,433$123,840▲ $69,407
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$186,703$149,435▼ $37,268
Total Net Assets Fund Balance$186,703$149,435▼ $37,268
Total Liabilities and Net Assets / Fund Balance$241,136$273,275▲ $32,139

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$148,458$245,104$393,562
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
David HardyDirector
Hunter RatliffDirector
Joe HarrisDirector
Laurie MontplaisirDirector
Marc LaguardiaDirector
Michael KorbelCommodore
Joi KamperSecretary
Robert WillisTreasurer
Stephen PrattVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$97,175
Program Service Revenue
$488,145
Investment Income
$0
Other Revenue
$-2,216
All Other Contributions
$97,175
Change in Net Assets
$-37,268
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$339,523
Salaries, Compensation, and Employee Benefits$280,849
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$240,710--$240,710
Depreciation Depletion$78,072--$78,072
Occupancy$68,434--$68,434
Insurance$56,223--$56,223
Office Expenses-$25,514-$25,514
Other Employee Benefits$20,270--$20,270
Payroll Taxes$19,869--$19,869
Travel$7,975--$7,975
Other Expenses$4,166--$4,166
Fees for Services Accounting-$3,849-$3,849
Information Technology-$3,119-$3,119
Advertising$2,940--$2,940
All Other Expenses-$196-$196
Total Functional Expenses$587,694$32,678$0$620,372
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,531
Fundraising Gross Income$3,240
Professional Fundraising Fees$0
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$6,132
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
Treasurer
Phone
3129383625
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Korbel
Formed
2015
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
39
Volunteers
20

Preparer

Firm
Baker Tilly US Llp
Address
777 E WISCONSIN AVENUE 32ND FLOOR, MILWAUKEE, WI 53202
Preparer
Troy Marine CPA
Phone
4147775500
Raw XML AppendixShowing 400 of 432 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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IRS990/PYRevenuesLessExpensesAmt0-3478
IRS990/PYSalariesCompEmpBnftPaidAmt0342708
IRS990/PYTotalExpensesAmt0739006
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0735528
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-37268
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0488220
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017376
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0148458
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0245104
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0393562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06132
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0148458
IRS990ScheduleD/TotalLiabilityAmt06132
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
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
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
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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
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IRS990/SubjectToExcsTaxNetInvstIncInd00
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IRS990/TaxExemptBondsInd00
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IRS990/TotalEmployeeCnt039
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032678
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0587694
IRS990/TotalFunctionalExpensesGrp/TotalAmt0620372
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt054433
IRS990/TotalLiabilitiesEOYAmt0123840
IRS990/TotalLiabilitiesGrp/BOYAmt054433
IRS990/TotalLiabilitiesGrp/EOYAmt0123840
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0186703
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0587694
IRS990/TotalProgramServiceRevenueAmt0488145
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-2291
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0488220
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0583104
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TravelGrp/TotalAmt07975
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTPS://WWW.COLUMBIASAILINGSCHOOL.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$273,275
Liabilities
$123,840
Net assets
$149,435
Revenue
$583,104
Expenses
$620,372
Net income
-$37,268
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.14$0.30$1.01$1.07$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.18$0.36$1.02$0.99$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.43$0.10$0.33$0.95$0.91$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.38$0.09$0.29$0.87$0.72$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.27$0.12$0.15$0.58$0.62$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.05$0.19$0.74$0.74$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.05$0.19$0.61$0.60$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.22$0.04$0.18$0.56$0.45$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.11$0.04$0.07$0.43$0.36$0.07
2015Summary only. Only limited summary data is available for this year.$0.01$0.02$0.00$0.27$0.27$0.00