STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

WAYZATA SAILING FOUNDATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
WAYZATA SAILING FOUNDATION (EIN 41-1986402)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-16
IRS object ID
201523209349307002
Schema version
2014v5.0
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)
Return2015-11-16T13:12:57-06:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410887288PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BOULAY PLLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17500 FLYING CLOUD DRIVE 800AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55344ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

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)
PersonHOWARD NOREENPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9524765875PhoneNum
Signature2015-10-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLANCE R MADSONPreparerPersonNm
PTINP00131735PTIN
Phone9528939320PhoneNum
Preparation2015-10-29PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1WAYZATA COMMUNITY SAILING CENTERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerHOWARD NOREENPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 768AddressLine1Txt
CityWAYZATACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55391ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$460,077GrossReceiptsAmt
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, FACILITIES, AND SAILING INSTRUCTIONS TO PEOPLE OF ALL BACKGROUNDS AND SKILL LEVELS.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee20TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$248,922PYContributionsGrantsAmt
CY Contributions Grants$144,422CYContributionsGrantsAmt
PY Program Service Revenue$241,444PYProgramServiceRevenueAmt
CY Program Service Revenue$238,165CYProgramServiceRevenueAmt
PY Investment Income$12,665PYInvestmentIncomeAmt
CY Investment Income$18,941CYInvestmentIncomeAmt
PY Other Revenue$37,959PYOtherRevenueAmt
CY Other Revenue$33,620CYOtherRevenueAmt
PY Total Revenue$540,990PYTotalRevenueAmt
CY Total Revenue$435,148CYTotalRevenueAmt
PY Grants And Similar Paid$6,850PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$5,559CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$205,534PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$208,948CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$26,000PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$16,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$27,195CYTotalFundraisingExpenseAmt
PY Other Expenses$226,481PYOtherExpensesAmt
CY Other Expenses$210,386CYOtherExpensesAmt
PY Total Expenses$464,865PYTotalExpensesAmt
CY Total Expenses$440,893CYTotalExpensesAmt
PY Revenues Less Expenses$76,125PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$5,745CYRevenuesLessExpensesAmt
Total Assets BOY$2,527,602TotalAssetsBOYAmt
Total Assets EOY$2,536,294TotalAssetsEOYAmt
Total Liabilities BOY$597,279TotalLiabilitiesBOYAmt
Total Liabilities EOY$611,716TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,930,323NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,924,578NetAssetsOrFundBalancesEOYAmt
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$290,625ExpenseAmt
Grant$5,559GrantAmt
Revenue$216,261RevenueAmt
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 THOUGHOUT THE SUMMER.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$40,254ExpenseAmt
Revenue$29,954RevenueAmt
DescTHE ORGANZIATION HOSTED VARIOUS ACTIVITIES THROUGHOUT THE YEAR RELATED TO SAILING ACTIVITIES INCLUDING SAILING CLINICS AND REGATTAS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$330,879TotalProgramServiceExpensesAmt
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
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
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 FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
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 Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee20EmployeeCnt
Employment Tax Returns Filed0EmploymentTaxReturnsFiledInd
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
Form1098 C FiledYes (1)Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
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

FieldValueIRS element (for citing)
PersonKATHY MEISTERPersonNm
Phone9524765875PhoneNum

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JOHN OLSON
DIRECTOR3.00Yes (X)$0$0$0
JAMES BELTZ
TREASURER3.00Yes (X)$0$0$0Yes (X)
ROBB HARRISS
SECRETARY3.00Yes (X)$0$0$0Yes (X)
PATRICK MALONEY
DIRECTOR3.00Yes (X)$0$0$0
TONY STRASZEWSKI
DIRECTOR3.00Yes (X)$0$0$0
HOWARD NOREEN
PRESIDENT3.00Yes (X)$0$0$0Yes (X)
ERNEST BRODY
DIRECTOR3.00Yes (X)$0$0$0
ED TOWEY
DIRECTOR3.00Yes (X)$0$0$0
LEE VIRNIG
VICE PRESIDENT3.00Yes (X)$0$0$0Yes (X)
PATRICIA HICKS
DIRECTOR3.00Yes (X)$0$0$0
ROSS SIEMERS
DIRECTOR3.00Yes (X)$0$0$0
ROB HUNT
DIRECTOR3.00Yes (X)$0$0$0
HOLLAND CAPPER
EXECUTIVE DIRECTOR40.00Yes (X)$76,500$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$76,500TotalReportableCompFromOrgAmt
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
Fundraising$85,349FundraisingAmt
All Other Contributions$59,073AllOtherContributionsAmt
Total Contributions$144,422TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES713990$216,261$216,261
REGATTAS & CLINICS713990$21,904$21,904
FieldValueIRS element (for citing)
Total Program Service Revenue$238,165TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,419TotalRevenueColumnAmt
Exclusion$6,419ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$12,899SecuritiesAmt
Other$12,550OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$12,927SecuritiesAmt
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$28SecuritiesAmt
Other$12,550OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,522TotalRevenueColumnAmt
Exclusion$12,522ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$35,466FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$85,349ContriRptFundraisingEventAmt
Fundraising Direct Expenses$10,539FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,927TotalRevenueColumnAmt
Exclusion$24,927ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$2,106GrossSalesOfInventoryAmt
Cost Of Goods Sold$1,463CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$643TotalRevenueColumnAmt
Related Or Exempt Func Income$643RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescSLIPS & MOORINGDesc
Business900099BusinessCd
Total Revenue Column$8,050TotalRevenueColumnAmt
Related Or Exempt Func Income$8,050RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$8,050OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$435,148TotalRevenueColumnAmt
Related Or Exempt Func Income$246,858RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$43,868ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$5,559TotalAmt
Program Services$5,559ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$194,016TotalAmt
Program Services$152,652ProgramServicesAmt
Management And General$34,919ManagementAndGeneralAmt
Fundraising$6,445FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$14,932TotalAmt
Program Services$11,749ProgramServicesAmt
Management And General$2,687ManagementAndGeneralAmt
Fundraising$496FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$7,195TotalAmt
Management And General$7,195ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$16,000TotalAmt
Fundraising$16,000FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$10,569TotalAmt
Program Services$8,375ProgramServicesAmt
Management And General$1,595ManagementAndGeneralAmt
Fundraising$599FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,953TotalAmt
Program Services$1,816ProgramServicesAmt
Management And General$8,024ManagementAndGeneralAmt
Fundraising$113FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,575TotalAmt
Program Services$7,575ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$35,739TotalAmt
Program Services$28,120ProgramServicesAmt
Management And General$7,619ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$47,042TotalAmt
Program Services$37,012ProgramServicesAmt
Management And General$8,467ManagementAndGeneralAmt
Fundraising$1,563FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$22,273TotalAmt
Program Services$17,790ProgramServicesAmt
Management And General$3,784ManagementAndGeneralAmt
Fundraising$699FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROPERTY TAX$22,895$14,680$6,935$1,280
REGATTAS & CLINICS$16,584$16,584
BOAT EXPENSE$15,725$15,725
UTILITIES$6,567$6,567

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$8,269TotalAmt
Program Services$6,675ProgramServicesAmt
Management And General$1,594ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$440,893TotalAmt
Program Services$330,879ProgramServicesAmt
Management And General$82,819ManagementAndGeneralAmt
Fundraising$27,195FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$116,153BOYAmt
EOY$125,107EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$69,540BOYAmt
EOY$33,270EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$410BOYAmt
EOY$11,447EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,597,458LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$348,156LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,224,767BOYAmt
EOY$2,249,302EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$116,732BOYAmt
EOY$117,168EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,527,602BOYAmt
EOY$2,536,294EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,823BOYAmt
EOY$14,062EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$546,489BOYAmt
EOY$550,463EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$40,967BOYAmt
EOY$46,131EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,060EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$597,279BOYAmt
EOY$611,716EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

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$1,930,323BOYAmt
EOY$1,924,578EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,930,323BOYAmt
EOY$1,924,578EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,527,602BOYAmt
EOY$2,536,294EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$5,745ReconcilationRevenueExpnssAmt
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$83,747CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$88,444CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$536,344CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$248,922CurrentTaxYearMinus1YearAmt
Current Tax Year$143,881CurrentTaxYearAmt
Total$1,101,338TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$214,091CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$239,312CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$256,120CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$283,008CurrentTaxYearMinus1YearAmt
Current Tax Year$282,222CurrentTaxYearAmt
Total$1,274,753TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$297,838CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$327,756CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$792,464CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$531,930CurrentTaxYearMinus1YearAmt
Current Tax Year$426,103CurrentTaxYearAmt
Total$2,376,091TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$250,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$100,000CurrentTaxYearMinus1YearAmt
Total$350,000TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$250,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$100,000CurrentTaxYearMinus1YearAmt
Total$350,000TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$2,026,091PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,167CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,931CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,083CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,229CurrentTaxYearMinus1YearAmt
Current Tax Year$6,419CurrentTaxYearAmt
Total$27,829TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,167CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,931CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,083CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,229CurrentTaxYearMinus1YearAmt
Current Tax Year$6,419CurrentTaxYearAmt
Total$27,829TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$303,005CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$332,687CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$797,547CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$538,159CurrentTaxYearMinus1YearAmt
Current Tax Year$432,522CurrentTaxYearAmt
Total$2,403,920TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.84280PublicSupportCY509Pct
Public Support PY5090.83410PublicSupportPY509Pct
Investment Income CY0.01160InvestmentIncomeCYPct
Investment Income PY0.00960InvestmentIncomePYPct
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$115,616BeginningYearBalanceAmt
Investment Earnings Or Losses$1,099InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,850GrantsOrScholarshipsAmt
End Year Balance$110,864EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$106,394BeginningYearBalanceAmt
Investment Earnings Or Losses$13,775InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,553GrantsOrScholarshipsAmt
End Year Balance$115,616EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$111,929BeginningYearBalanceAmt
Investment Earnings Or Losses-$146InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,388GrantsOrScholarshipsAmt
End Year Balance$106,394EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$107,571BeginningYearBalanceAmt
Investment Earnings Or Losses$9,923InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,565GrantsOrScholarshipsAmt
End Year Balance$111,929EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
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$258,528InvestmentCostOrOtherBasisAmt
Depreciation$46,026DepreciationAmt
Book Value$212,502BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$477,763InvestmentCostOrOtherBasisAmt
Depreciation$302,130DepreciationAmt
Book Value$175,633BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,249,302TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescBOAT DAMAGE DEPOSITSDesc
Amt$1,060Amt
FieldValueIRS element (for citing)
Total Liability$1,060TotalLiabilityAmt

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

FieldValueIRS element (for citing)
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1FUNDRAISING & DEVELOPMENT INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line119980 COTTAGEWOOD ROADAddressLine1Txt
CityDEEPHAVENCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55331ZIPCd
FieldValueIRS element (for citing)
ActivityCAPITAL CAMPAIGNActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$54,340GrossReceiptsAmt
Retained By Contractor$17,000RetainedByContractorAmt
Net To Organization$37,340NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$54,340TotalGrossReceiptsAmt
Total Retained By Contractors$17,000TotalRetainedByContractorsAmt
Total Net To Organization$37,340TotalNetToOrganizationAmt
Licensed StatesMNLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1CAPITAL CAMPAIGNEvent1Nm
Gross Receipts Event1$54,340GrossReceiptsEvent1Amt
Charitable Contri Event1$54,340CharitableContriEvent1Amt
Other Direct Expenses Event1$2,167OtherDirectExpensesEvent1Amt
Event2ANNUAL APPEALEvent2Nm
Gross Receipts Event2$21,188GrossReceiptsEvent2Amt
Charitable Contri Event2$21,188CharitableContriEvent2Amt
Other Direct Expenses Event2$1,770OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$45,287GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$9,821CharitableContriOtherEventsAmt
Gross Revenue Other Events$35,466GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$5,601OthDirectExpnssOtherEventsAmt
Gross Receipts Total$120,815GrossReceiptsTotalAmt
Charitable Contributions Tot$85,349CharitableContributionsTotAmt
Gross Revenue Total Events$35,466GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$9,538OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$9,538DirectExpenseSummaryEventsAmt
Net Income Summary$25,928NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPGrantTypeTxt
Recipient15RecipientCnt
Cash Grant$5,559CashGrantAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, ITEM CDBA: WAYZATA COMMUNITY SAILING CENTER DBA: WAYZATA SAILING SCHOOL
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 11FORM 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
Public Charity StatusIII-OPublicCharityStatusTxt
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