Civic Intelligence

Balsam Lake Water Ski Show Team Inc

EIN 80-0856343 • 501(c)3 • Balsam Lake, WI

Profile

The balsam lake ski show team, inc has been organized and operated exclusively for educational purposes as follows: 1. To provide instruction in the sport of water skiing. 2. To provide instruction in the art of show skiing. 3. To give public performances of water ski shows. 4. To sponsor special events involving the public performance of any of the first three listed items. 5. To directly engage in and to provide facilities and equipment for others to engage in the promotion of water skiing and show skiing generally.

715 Idlewild DriveBalsam Lake, WI 54810

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

32nd percentile

-8.7%

Higher net margin than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

49th percentile

-2.3%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

-2.8%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$40,875

Down $943 (-2.3%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$40,875

Down $943 (-2.3%) from 2023

Revenue

Down

$10,785

Down $312 (-2.8%) from 2023

Expenses

Up

$11,728

Up $1,131 (+11%) from 2023

Net Income

Down

-$943

Down $1,443 (-289%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2013: $10,590Liabilities 2013: $0Net Assets 2013: $10,5902013Assets 2014: $19,064Net Assets 2014: $19,0642014Assets 2015: $52,152Liabilities 2015: $23,524Net Assets 2015: $28,6282015Assets 2016: $68,388Liabilities 2016: $20,106Net Assets 2016: $48,2822016Assets 2017: $67,850Liabilities 2017: $16,188Net Assets 2017: $51,6622017Assets 2018: $64,287Liabilities 2018: $12,066Net Assets 2018: $52,2212018Assets 2019: $54,875Liabilities 2019: $7,731Net Assets 2019: $47,1442019Assets 2020: $45,346Liabilities 2020: $3,171Net Assets 2020: $42,1752020Assets 2021: $42,516Net Assets 2021: $42,5162021Assets 2022: $41,318Net Assets 2022: $41,3182022Assets 2023: $41,818Net Assets 2023: $41,8182023Assets 2024: $40,875Net Assets 2024: $40,8752024

Highlighted filing

2024

Assets$40,875
Liabilities-
Net Assets$40,875

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$30K$20K$10K$0-$10KRevenue 2013: $14,013Expenses 2013: $3,423Net Income 2013: $10,5902013Revenue 2014: $15,716Expenses 2014: $7,242Net Income 2014: $8,4742014Revenue 2015: $18,805Expenses 2015: $9,241Net Income 2015: $9,5642015Revenue 2016: $32,672Expenses 2016: $13,018Net Income 2016: $19,6542016Revenue 2017: $21,153Expenses 2017: $17,773Net Income 2017: $3,3802017Revenue 2018: $17,137Expenses 2018: $16,578Net Income 2018: $5592018Revenue 2019: $11,406Expenses 2019: $16,483Net Income 2019: -$5,0772019Revenue 2020: $12,234Expenses 2020: $17,203Net Income 2020: -$4,9692020Revenue 2021: $15,344Expenses 2021: $15,003Net Income 2021: $3412021Revenue 2022: $11,889Expenses 2022: $13,087Net Income 2022: -$1,1982022Revenue 2023: $11,097Expenses 2023: $10,597Net Income 2023: $5002023Revenue 2024: $10,785Expenses 2024: $11,728Net Income 2024: -$9432024

Highlighted filing

2024

Revenue$10,785
Expenses$11,728
Net Income-$943

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
May 6, 2024
Return Version
2023v6.0
Gross Receipts
$10,785
Mission and Program Overview

Mission

The balsam lake ski show team, inc has been organized and operated exclusively for educational purposes as follows: 1. To provide instruction in the sport of water skiing. 2. To provide instruction in the art of show skiing. 3. To give public performances of water ski shows. 4. To sponsor special events involving the public performance of any of the first three listed items. 5. To directly engage in and to provide facilities and equipment for others to engage in the promotion of water skiing and show skiing generally.

Program Services

DescriptionGrantsExpenses
PROVIDED INSTRUCTION IN THE SPORT OF WATER SKIING AND THE ART OF SHOW SKIING. ALSO GAVE PUBLIC PERFORMANCES OF WATER SKI SHOWS AND SPONSORED SPECIAL EVENTS INVOLVING PUBLIC PERFORMANCE OF WATER SKI SHOWS, INCLUDING PROVIDING FACILITIES AND EQUIPMENT TO OTHERS TO ENGAGE IN THE SPORT.-$11,728
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GRANT ROBINSON IIPresident/Tr-$0--
JOHN GISELSecretary-$0--
ERIKA ROBINSONVice Preside-$0--
Governance and Compliance

Governance Explanations

Form 990-ez, Part VI

Board of directors information grant robinson is also on the board of the balsam lake water ski association and is a director of the city of lakes rotary club. John gisel is also a vice-president of the chetek hydroflites water ski show team. Elizabeth robinson is also on the board of the balsam lake water ski association. Grant and elizabeth robinson are related parties.

Filing and Contact Details

Filer

Filer Name
Balsam Lake Water Ski Show Team Inc
EIN
80-0856343
Phone
9525488101
Address
715 IDLEWILD DRIVE, BALSAM LAKE, WI 54810

Signing Officer

Name
Grant Robinson Ii
Title
President/treasurer
Phone
6127304286
Signed
2024-05-06
Discuss with paid preparer
Yes

Preparer

Firm
Carlsonsv Llp
Address
PO BOX 516, OSCEOLA, WI 54020
Preparer
Todd D Anderson CPA
Phone
7152944880
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 266 insurance 5,779 water ski program expense 2,511 fees 306 non-investment depreciation 2,866 total 11,728

Form 990-ez, Part II, Line 24

Other assets 93,226 106,141 less accumulated depreciation 82,430 85,296 total 10,796 20,845

Form 990-ez, Part III

The balsam lake ski show team, inc has been organized and operated exclusively for educational purposes as follows: 1. To provide instruction in the sport of water skiing. 2. To provide instruction in the art of show skiing. 3. To give public performances of water ski shows. 4. To sponsor special events involving the public performance of any of the first three listed items. 5. To directly engage in and to provide facilities and equipment for others to engage in the promotion of water skiing and show skiing generally.

Form 990-ez, Part III, Line 28

Provided instruction in the sport of water skiing and the art of show skiing. Also gave public performances of water ski shows and sponsored special events involving public performance of water ski shows, including providing facilities and equipment to others to engage in the sport.

Raw XML Appendix138 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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IRS990EZ/BooksInCareOfDetail/PhoneNum06127304286
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BALSAM LAKE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd054810
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GRANT ROBINSON II
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ERIKA ROBINSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt020845
IRS990EZ/OtherExpensesTotalAmt011728
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE BALSAM LAKE SKI SHOW TEAM, INC HAS BEEN ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES AS FOLLOWS: 1. TO PROVIDE INSTRUCTION IN THE SPORT OF WATER SKIING. 2. TO PROVIDE INSTRUCTION IN THE ART OF SHOW SKIING. 3. TO GIVE PUBLIC PERFORMANCES OF WATER SKI SHOWS. 4. TO SPONSOR SPECIAL EVENTS INVOLVING THE PUBLIC PERFORMANCE OF ANY OF THE FIRST THREE LISTED ITEMS. 5. TO DIRECTLY ENGAGE IN AND TO PROVIDE FACILITIES AND EQUIPMENT FOR OTHERS TO ENGAGE IN THE PROMOTION OF WATER SKIING AND SHOW SKIING GENERALLY.
IRS990EZ/ProgramServiceRevenueAmt01725
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDED INSTRUCTION IN THE SPORT OF WATER SKIING AND THE ART OF SHOW SKIING. ALSO GAVE PUBLIC PERFORMANCES OF WATER SKI SHOWS AND SPONSORED SPECIAL EVENTS INVOLVING PUBLIC PERFORMANCE OF WATER SKI SHOWS, INCLUDING PROVIDING FACILITIES AND EQUIPMENT TO OTHERS TO ENGAGE IN THE SPORT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011728
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0WI
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalRevenueAmt010785
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt08581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt08838
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt011126
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IRS990ScheduleA/PublicSupportCY170Pct00.99360
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 266 INSURANCE 5,779 WATER SKI PROGRAM EXPENSE 2,511 FEES 306 NON-INVESTMENT DEPRECIATION 2,866 TOTAL 11,728
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER ASSETS 93,226 106,141 LESS ACCUMULATED DEPRECIATION 82,430 85,296 TOTAL 10,796 20,845
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BALSAM LAKE SKI SHOW TEAM, INC HAS BEEN ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES AS FOLLOWS: 1. TO PROVIDE INSTRUCTION IN THE SPORT OF WATER SKIING. 2. TO PROVIDE INSTRUCTION IN THE ART OF SHOW SKIING. 3. TO GIVE PUBLIC PERFORMANCES OF WATER SKI SHOWS. 4. TO SPONSOR SPECIAL EVENTS INVOLVING THE PUBLIC PERFORMANCE OF ANY OF THE FIRST THREE LISTED ITEMS. 5. TO DIRECTLY ENGAGE IN AND TO PROVIDE FACILITIES AND EQUIPMENT FOR OTHERS TO ENGAGE IN THE PROMOTION OF WATER SKIING AND SHOW SKIING GENERALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROVIDED INSTRUCTION IN THE SPORT OF WATER SKIING AND THE ART OF SHOW SKIING. ALSO GAVE PUBLIC PERFORMANCES OF WATER SKI SHOWS AND SPONSORED SPECIAL EVENTS INVOLVING PUBLIC PERFORMANCE OF WATER SKI SHOWS, INCLUDING PROVIDING FACILITIES AND EQUIPMENT TO OTHERS TO ENGAGE IN THE SPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD OF DIRECTORS INFORMATION GRANT ROBINSON IS ALSO ON THE BOARD OF THE BALSAM LAKE WATER SKI ASSOCIATION AND IS A DIRECTOR OF THE CITY OF LAKES ROTARY CLUB. JOHN GISEL IS ALSO A VICE-PRESIDENT OF THE CHETEK HYDROFLITES WATER SKI SHOW TEAM. ELIZABETH ROBINSON IS ALSO ON THE BOARD OF THE BALSAM LAKE WATER SKI ASSOCIATION. GRANT AND ELIZABETH ROBINSON ARE RELATED PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART VI
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0GRANT ROBINSON II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06127304286
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BALSAM LAKE WATER SKI SHOW TEAM INC
ReturnHeader/Filer/BusinessNameControlTxt0BALS
ReturnHeader/Filer/EIN0800856343
ReturnHeader/Filer/PhoneNum09525488101
ReturnHeader/Filer/USAddress/AddressLine1Txt0715 IDLEWILD DRIVE
ReturnHeader/Filer/USAddress/CityNm0BALSAM LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054810
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OSCEOLA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
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ReturnHeader/PreparerPersonGrp/PhoneNum07152944880
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-16T09:32:48-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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