Civic Intelligence

Lake Murray Sailing Club

990 • Fiscal year 2023 • EIN 57-0533535

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 20, 2024

Organization ProfileHTTP:/WWW.LMSC.ORG
235 Old Forge RoadChapin, SC 29036

(803) 892-6000

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Net Margin

96th percentile

55%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

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

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Asset Growth

75th percentile

11%

Faster asset growth than 75% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

4.7%

Faster revenue growth than 44% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets31st percentile

Assets

Flat

$836,641

Flat from 2023

Net Assets

Flat

$836,641

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin96th percentile

Revenue

Flat

$151,530

Flat from 2023

Expenses

Flat

$68,388

Flat from 2023

Net Income

Flat

$83,142

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$1.0M$500K$0Assets 2010: $400,116Liabilities 2010: $158,086Net Assets 2010: $242,0302010Assets 2011: $412,821Liabilities 2011: $135,620Net Assets 2011: $277,2012011Assets 2012: $413,350Liabilities 2012: $109,475Net Assets 2012: $303,8752012Assets 2013: $508,106Liabilities 2013: $179,721Net Assets 2013: $328,3852013Assets 2014: $525,533Liabilities 2014: $168,965Net Assets 2014: $356,5682014Assets 2015: $515,751Liabilities 2015: $15,865Net Assets 2015: $499,8862015Assets 2016: $522,599Liabilities 2016: $1,353Net Assets 2016: $521,2462016Assets 2017: $533,137Liabilities 2017: $0Net Assets 2017: $533,1372017Assets 2018: $572,584Liabilities 2018: $0Net Assets 2018: $572,5842018Assets 2019: $580,584Liabilities 2019: $968Net Assets 2019: $579,6162019Assets 2020: $639,587Liabilities 2020: $969Net Assets 2020: $638,6182020Assets 2021: $705,601Liabilities 2021: $331Net Assets 2021: $705,2702021Assets 2022: $753,498Liabilities 2022: $0Net Assets 2022: $753,4982022Assets 2023: $836,641Liabilities 2023: $0Net Assets 2023: $836,6412023Assets 2023: $836,641Liabilities 2023: $0Net Assets 2023: $836,6412023

Highlighted filing

2023

Assets$836,641
Liabilities$0
Net Assets$836,641
Open 2023 Filing

Operations Trend

Revenue Growth44th percentile

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

$400K$300K$200K$100K$0Expenses 2010: $107,8122010Expenses 2011: $92,5502011Revenue 2012: $107,029Expenses 2012: $79,504Net Income 2012: $27,5252012Revenue 2013: $116,389Expenses 2013: $91,879Net Income 2013: $24,5102013Revenue 2014: $120,663Expenses 2014: $93,695Net Income 2014: $26,9682014Revenue 2015: $310,294Expenses 2015: $166,976Net Income 2015: $143,3182015Revenue 2016: $134,368Expenses 2016: $113,008Net Income 2016: $21,3602016Revenue 2017: $135,753Expenses 2017: $123,862Net Income 2017: $11,8912017Revenue 2018: $136,442Expenses 2018: $96,995Net Income 2018: $39,4472018Revenue 2019: $141,162Expenses 2019: $134,130Net Income 2019: $7,0322019Revenue 2020: $139,922Expenses 2020: $104,832Net Income 2020: $35,0902020Revenue 2021: $137,178Expenses 2021: $71,494Net Income 2021: $65,6842021Revenue 2022: $144,674Expenses 2022: $96,742Net Income 2022: $47,9322022Revenue 2023: $151,530Expenses 2023: $68,388Net Income 2023: $83,1422023Revenue 2023: $151,530Expenses 2023: $68,388Net Income 2023: $83,1422023

Highlighted filing

2023

Revenue$151,530
Expenses$68,388
Net Income$83,142
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 20, 2024
Return Version
2023v5.0
Gross Receipts
$151,530
Mission and Program Overview

Mission

Operation of sailing club exclusively for its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$753,498$836,641▲ $83,143
Land, Buildings, and Equipment, Net$394,769$394,769→ $0
Savings and Temporary Cash Investments$336,245$343,577▲ $7,332
Cash and Non-Interest-Bearing Accounts$13,482$80,646▲ $67,164
Prepaid Expenses and Deferred Charges$10,797$17,469▲ $6,672
Accounts Receivable$-1,795$180▲ $1,975
Total Assets$753,498$836,641▲ $83,143
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$753,498$836,641▲ $83,143
Total Liabilities and Net Assets / Fund Balance$753,498$836,641▲ $83,143

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$205,655-$205,655
Equipment$112,049-$112,049
Leasehold Improvements$68,265-$68,265
Other Land Buildings$8,800-$8,800
Compensation and Service Providers
Top Officer Pay88th percentile

Board Members and Trustees

NameTitle
Albert BoeckhAt Large
Brooks AllenAt Large
Gwinna CahalAt Large
James DoolittleAt Large
Trudie WiertsAt Large
James RowanCommodore
John HarrRear Commodore
Thomas BuckwellSecretary
Thomas BerensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$95,978
Program Service Revenue
$46,326
Investment Income
$0
Other Revenue
$9,226
Change in Net Assets
$83,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,388
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
Occupancy$23,096--$23,096
Other Expenses$9,739--$9,739
Fees for Services Accounting$6,300--$6,300
Fees for Services Legal$732--$732
Office Expenses$696--$696
Advertising$509--$509
Total Functional Expenses$68,388$0$0$68,388
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The club is made up of members only”

Member election for additional members Part VI line 7A

“The club is made up of members only who vote to determine who the respective officers will be”

Form 990 governing body review Part VI line 11

“The governing body was provided a copy for review before electronic filing”

Governing documents etc available to public Part VI line 19

“Documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Lake Murray Sailing Club
EIN
57-0533535
Address
235 OLD FORGE ROAD, Chapin, SC 29036

Signing Officer

Name
Thomas Berens
Title
Treasurer
Phone
8034709168
Signed
2024-04-20
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Sumner & Sumner Inc
Address
139 WALTER TAYLOR ROAD, Gilbert, SC 29054
Preparer
Julie Sumner
Phone
8038926000
Raw XML Appendix344 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CLUB IS MADE UP OF MEMBERS ONLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CLUB IS MADE UP OF MEMBERS ONLY WHO VOTE TO DETERMINE WHO THE RESPECTIVE OFFICERS WILL BE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY WAS PROVIDED A COPY FOR REVIEW BEFORE ELECTRONIC FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068388
IRS990/TotalFunctionalExpensesGrp/TotalAmt068388
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt068388
IRS990/TotalProgramServiceRevenueAmt046326
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055552
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0151530
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0753498
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0836641
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS BERENS
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ReturnHeader/BusinessOfficerGrp/PhoneNum08034709168
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE MURRAY SAILING CLUB
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Gilbert
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029054
ReturnHeader/PreparerPersonGrp/PhoneNum08038926000
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE SUMNER
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ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$836,641
Liabilities
$0
Net assets
$836,641
Revenue
$151,530
Expenses
$68,388
Net income
$83,142
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$8.37$0.00$8.37$1.52$0.68$0.83
2023Summary only. Only limited summary data is available for this year.$8.37$0.00$8.37$1.52$0.68$0.83
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$0.00$7.53$1.45$0.97$0.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.06$0.00$7.05$1.37$0.71$0.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.40$0.01$6.39$1.40$1.05$0.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.81$0.01$5.80$1.41$1.34$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.73$0.00$5.73$1.36$0.97$0.39
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$0.00$5.33$1.36$1.24$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.23$0.01$5.21$1.34$1.13$0.21
2015Detailed filing. Detailed filing data is available for this year.$5.16$0.16$5.00$3.10$1.67$1.43
2014Detailed filing. Detailed filing data is available for this year.$5.26$1.69$3.57$1.21$0.94$0.27
2013Detailed filing. Detailed filing data is available for this year.$5.08$1.80$3.28$1.16$0.92$0.25
2012Summary only. Only limited summary data is available for this year.$4.13$1.09$3.04$1.07$0.80$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.13$1.36$2.77$0.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$1.58$2.42$1.08