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WAYZATA SAILING FOUNDATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
WAYZATA SAILING FOUNDATION (EIN 41-1986402)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-08-18
IRS object ID
202202309349300840
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-08-18T12:17:37-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN411292716PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COPELAND BUHL & COMPANY PLLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1800 EAST WAYZATA BOULEVARD STE 300AddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP553911766ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN411986402EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WAYZATA SAILING FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWAYZBusinessNameControlTxt
Phone9524765875PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 768AddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT ROSENBAUMPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9524765875PhoneNum
Signature2022-08-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSCOTTPersonFirstNm
Person LastROSENBAUMPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMITCHELL GIESEPreparerPersonNm
PTINP02249920PTIN
Phone9524767100PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1WAYZATA COMMUNITY SAILING CENTERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerROB HUNTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 768AddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$825,723GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WAYZATASAILING.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTHE WAYZATA SAILING FOUNDATION'S PURPOSE IS TO PROMOTE SAILING FOR EVERYONE BY PROVIDING ACCESS TO FACILITIES, AND SAILING INSTRUCTIONS TO PEOPLE OF ALL BACKGROUNDS AND SKILL LEVELS.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee30TotalEmployeeCnt
Total Volunteers227TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$135,552PYContributionsGrantsAmt
CY Contributions Grants$236,874CYContributionsGrantsAmt
PY Program Service Revenue$256,234PYProgramServiceRevenueAmt
CY Program Service Revenue$346,316CYProgramServiceRevenueAmt
PY Investment Income$5,445PYInvestmentIncomeAmt
CY Investment Income$9,476CYInvestmentIncomeAmt
PY Other Revenue$23,328PYOtherRevenueAmt
CY Other Revenue$131,949CYOtherRevenueAmt
PY Total Revenue$420,559PYTotalRevenueAmt
CY Total Revenue$724,615CYTotalRevenueAmt
PY Grants And Similar Paid$20,212PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$84,024CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$202,891PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$173,624CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$30,904CYTotalFundraisingExpenseAmt
PY Other Expenses$260,611PYOtherExpensesAmt
CY Other Expenses$251,889CYOtherExpensesAmt
PY Total Expenses$483,714PYTotalExpensesAmt
CY Total Expenses$509,537CYTotalExpensesAmt
PY Revenues Less Expenses-$63,155PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$215,078CYRevenuesLessExpensesAmt
Total Assets BOY$4,238,531TotalAssetsBOYAmt
Total Assets EOY$4,353,109TotalAssetsEOYAmt
Total Liabilities BOY$207,085TotalLiabilitiesBOYAmt
Total Liabilities EOY$93,023TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,031,446NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,260,086NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF THE WAYZATA SAILING FOUNDATION IS TO INCREASE THE EDUCATION OF, UNDERSTANDING OF, AND APPRECIATION OF SAILING BOTH IN COMPETITIVE RACING AND RECREATIONAL CRUISING. THE FOUNDATION UNDERTAKES FUNDRAISING TO: SUPPORT PUBLIC SAILING CLINICS FOR STUDENTS IN THE LOCAL COMMUNITY.PROMOTE COMMUNITY YOUTH SAILING BY PROVIDING BOATS, ACCESSORIES AND INSTRUCTION IN AFFORDABLE CLASSES FOR STUDENTS WHO OTHERWISE WOULD NOT HAVE SUCH AN OPPORTUNITY.SUPPORT OTHER NON-PROFIT AND 501(C)3 ORGANIZATIONS THAT INTRODUCE AND FURTHER THE ENJOYMENT OF SAILING AND SAILBOAT RACING FOR YOUTH THROUGH EDUCATION.UNDERWRITE TRAINING, EDUCATION AND COMPETITION FOR NON-PROFIT YOUTH SAILING TEAMS.THE WAYZATA SAILING FOUNDATION DOES NOT AND WILL NOT DISCRIMINATE IN ANY MANNER WITH RESPECT TO RACE, CREED, NATIONAL OR CULTURAL ORIGIN, GENDER, OR SEXUAL PREFERENCE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$345,226ExpenseAmt
Grant$84,024GrantAmt
Revenue$431,708RevenueAmt
DescSUMMER CAMPS WERE HELD FROM JUNE THROUGH AUGUST FOR CHILDREN AGES 5 TO 16. THE CAMPS ALLOW CHILDREN TO LEARN AND FINE TUNE THEIR SKILLS, AS WELL AS PROMOTE FUN, SAFETY, AND RESPONSIBILITY ON THE WATER. IN ADDITION, THE ORGANIZATION HOSTED A SAILING SERIES WHERE TEAMS COMPETED AT THE VARIOUS METRO LAKES THROUGHOUT THE SUMMER.Desc
Total Program Service Expenses$345,226TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G1IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee30EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Form1098 C FiledYes (1)Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MATTHEW THOMPSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9524765875PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1456 ARLINGTON CIRCLEAddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ROB HUNT
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
SCOTT ROSENBAUM
TREASURER5.00Yes (X)Yes (X)$0$0$0
ROBB HARRISS
SECRETARY5.00Yes (X)Yes (X)$0$0$0
ERNEST BRODY
DIRECTOR5.00Yes (X)$0$0$0
KRISTYN MULLIN
DIRECTOR5.00Yes (X)$0$0$0
BRIGHID HANSEN
DIRECTOR5.00Yes (X)$0$0$0
JANA SIMMONS
DIRECTOR5.00Yes (X)$0$0$0
LARRY AUBUCHON
DIRECTOR5.00Yes (X)$0$0$0
ROBERT FOSTER
DIRECTOR5.00Yes (X)$0$0$0
MATTHEW THOMPSON
EXECUTIVE DIRECTOR5.00Yes (X)$51,800$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$51,800TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$236,874AllOtherContributionsAmt
Noncash Contributions$67,138NoncashContributionsAmt
Total Contributions$236,874TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITION AND FEESDesc
Business713990BusinessCd
Total Revenue Column$346,316TotalRevenueColumnAmt
Related Or Exempt Func Income$346,316RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$346,316TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,144TotalRevenueColumnAmt
Exclusion$3,144ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$89,738SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$83,406SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$6,332SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,332TotalRevenueColumnAmt
Related Or Exempt Func Income$6,332RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$37,532FundraisingGrossIncomeAmt
Fundraising Direct Expenses$17,702FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$19,830TotalRevenueColumnAmt
Exclusion$19,830ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
PPP LOAN FORGIVENESS900099$79,060$79,060
SLIPS AND MOORING900099$33,059$33,059
FieldValueIRS element (for citing)
Other Revenue Total$112,119OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$724,615TotalRevenueColumnAmt
Related Or Exempt Func Income$431,708RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$56,033ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$84,024TotalAmt
Program Services$84,024ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$51,800TotalAmt
Program Services$25,900ProgramServicesAmt
Management And General$25,900ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$105,407TotalAmt
Program Services$62,190ProgramServicesAmt
Management And General$30,568ManagementAndGeneralAmt
Fundraising$12,649FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$16,417TotalAmt
Program Services$9,850ProgramServicesAmt
Management And General$4,925ManagementAndGeneralAmt
Fundraising$1,642FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$24,375TotalAmt
Management And General$12,431ManagementAndGeneralAmt
Fundraising$11,944FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$6,271TotalAmt
Program Services$5,638ProgramServicesAmt
Management And General$633ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,123TotalAmt
Program Services$989ProgramServicesAmt
Management And General$3,067ManagementAndGeneralAmt
Fundraising$3,067FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,276TotalAmt
Management And General$4,276ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$86,156TotalAmt
Program Services$77,540ProgramServicesAmt
Management And General$8,616ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$25,636TotalAmt
Program Services$12,818ProgramServicesAmt
Management And General$12,818ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
BOAT EXPENSES$28,067$28,067
FUNDRAISING EXPENSES$22,335$22,335
BANK FEES$17,075$7,215$8,655$1,205
MAINTENANCE AND REPAIRS$14,305$2,861$11,444

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$16,270TotalAmt
Program Services$5,799ProgramServicesAmt
Management And General$10,074ManagementAndGeneralAmt
Fundraising$397FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$509,537TotalAmt
Program Services$345,226ProgramServicesAmt
Management And General$133,407ManagementAndGeneralAmt
Fundraising$30,904FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$333,992BOYAmt
EOY$413,167EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,000BOYAmt
EOY$11,533EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,429,600LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$674,095LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,754,661BOYAmt
EOY$3,755,505EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$131,378BOYAmt
EOY$172,904EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$16,500BOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,238,531BOYAmt
EOY$4,353,109EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$144,228BOYAmt
EOY$92,773EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$23,107BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$39,750BOYAmt
EOY$250EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$207,085BOYAmt
EOY$93,023EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$4,031,446BOYAmt
EOY$4,260,086EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,031,446BOYAmt
EOY$4,260,086EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,238,531BOYAmt
EOY$4,353,109EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$215,078ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$13,562NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$456,592CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,212,294CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$819,829CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$135,552CurrentTaxYearMinus1YearAmt
Current Tax Year$236,874CurrentTaxYearAmt
Total$2,861,141TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$271,754CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$271,607CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$366,006CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$279,562CurrentTaxYearMinus1YearAmt
Current Tax Year$399,205CurrentTaxYearAmt
Total$1,588,134TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,183CurrentTaxYearMinus4YearsAmt
Total$10,183TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$738,529CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,483,901CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,185,835CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$415,114CurrentTaxYearMinus1YearAmt
Current Tax Year$636,079CurrentTaxYearAmt
Total$4,459,458TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$227,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$721,399CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$725,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,408CurrentTaxYearMinus1YearAmt
Current Tax Year$8,240CurrentTaxYearAmt
Total$1,692,547TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$15,546CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$315CurrentTaxYearMinus3YearsAmt
Total$15,861TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$243,046CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$721,714CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$725,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,408CurrentTaxYearMinus1YearAmt
Current Tax Year$8,240CurrentTaxYearAmt
Total$1,708,408TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$2,751,050PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,853CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,747CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,434CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,187CurrentTaxYearMinus1YearAmt
Current Tax Year$3,144CurrentTaxYearAmt
Total$28,365TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,853CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,747CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,434CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,187CurrentTaxYearMinus1YearAmt
Current Tax Year$3,144CurrentTaxYearAmt
Total$28,365TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$745,382CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,491,648CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,192,269CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$419,301CurrentTaxYearMinus1YearAmt
Current Tax Year$639,223CurrentTaxYearAmt
Total$4,487,823TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.61300PublicSupportCY509Pct
Public Support PY5090.58670PublicSupportPY509Pct
Investment Income CY0.00630InvestmentIncomeCYPct
Investment Income PY0.00720InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$255,230BeginningYearBalanceAmt
Contributions$18,945ContributionsAmt
Investment Earnings Or Losses$9,778InvestmentEarningsOrLossesAmt
Other Expenditures$1,414OtherExpendituresAmt
End Year Balance$282,539EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$142,921BeginningYearBalanceAmt
Contributions$24,460ContributionsAmt
Investment Earnings Or Losses$112,784InvestmentEarningsOrLossesAmt
Other Expenditures$24,936OtherExpendituresAmt
End Year Balance$255,230EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$827,607BeginningYearBalanceAmt
Contributions$400,000ContributionsAmt
Investment Earnings Or Losses$19,255InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,750GrantsOrScholarshipsAmt
Other Expenditures$1,101,191OtherExpendituresAmt
End Year Balance$142,921EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$146,383BeginningYearBalanceAmt
Contributions$640,000ContributionsAmt
Investment Earnings Or Losses$57,070InvestmentEarningsOrLossesAmt
Grants Or Scholarships$15,846GrantsOrScholarshipsAmt
End Year Balance$827,607EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$122,132BeginningYearBalanceAmt
Contributions$20,000ContributionsAmt
Investment Earnings Or Losses$4,251InvestmentEarningsOrLossesAmt
End Year Balance$146,383EndYearBalanceAmt
FieldValueIRS element (for citing)
Term Endowment Balance EOY1.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$1,861,167InvestmentCostOrOtherBasisAmt
Book Value$1,861,167BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$1,878,152InvestmentCostOrOtherBasisAmt
Depreciation$137,091DepreciationAmt
Book Value$1,741,061BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$690,281InvestmentCostOrOtherBasisAmt
Depreciation$537,004DepreciationAmt
Book Value$153,277BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,755,505TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEPOSITDesc
Amt$250Amt
FieldValueIRS element (for citing)
Total Liability$250TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART V, LINE 4:FormAndLineReferenceDesc
ExplanationTO HELP DEFRAY COSTS RELATED TO COLLEGE RACES AND PROVIDE SAILING SCHOLARSHIPS TO INDIVIDUALS.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1WINE ON WAYZATA BAYEvent1Nm
Gross Receipts Event1$25,659GrossReceiptsEvent1Amt
Gross Revenue Event1$25,659GrossRevenueEvent1Amt
Food And Beverage Event1$15,191FoodAndBeverageEvent1Amt
Event2CASH RAFFLEEvent2Nm
Gross Receipts Event2$7,410GrossReceiptsEvent2Amt
Gross Revenue Event2$7,410GrossRevenueEvent2Amt
Gross Receipts Total$33,069GrossReceiptsTotalAmt
Gross Revenue Total Events$33,069GrossRevenueTotalEventsAmt
Food And Beverage Total Events$15,191FoodAndBeverageTotalEventsAmt
Direct Expense Summary Events$15,191DirectExpenseSummaryEventsAmt
Net Income Summary$17,878NetIncomeSummaryAmt

Schedule M IRS990ScheduleM

Boats And Planes BoatsAndPlanesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$57,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOMPARABLE SALESMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)EQUIPMENT11$9,067COMPARABLE SALES
Yes (X)TRAILERS3$1,071COMPARABLE SALES
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION'S MEMBERSHIP CONSISTS OF ALL DUES PAYING MEMBERS IN GOOD STANDING.
FORM 990, PART VI, SECTION A, LINE 7ATHE MEMBERS OF WAYZATA SAILING FOUNDATION ELECTS ALL MEMBERS OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS REVIEWED AND SIGNED BY THE TREASURER.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY THROUGH REGULAR INQUIRIES MADE BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION OF KEY EMPLOYEES IS MADE BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19BYLAWS, CODE OF ETHICS, DIVERSITY STATEMENT, CONFLICTS OF INTEREST AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST ONLY.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1WAYZATA YACHT CLUBBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 585AddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd
FieldValueIRS element (for citing)
EIN237120748EIN
Primary ActivitiesSAILING EDUCATIONPrimaryActivitiesTxt
Legal Domicile StateMNLegalDomicileStateCd
Exempt Code Section501(C)(7)ExemptCodeSectionTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd