Twin Cities Sailing Club
- Assets
- $108.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 31-1560191
Organization Overview
Twin Cities Sailing Club is located in Minneapolis, MN. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Cities Sailing Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Twin Cities Sailing Club generated $58.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $51.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
176 MEMBERS HAD ACCESS TO THE CLUB'S FLEET OF 17 SAILBOATS FOR TRAINING AND RECREATIONAL USE. FOR 2021, THE CLUB RESUMED REGULAR IN-PERSON SAILING EDUCATION AND TRAINING AFTER SUSPENSION DURING THE COVID-19 PANDEMIC. OVER 40 ON-THE-WATER SAILING INSTRUCTION SESSIONS WERE HELD DURING THE SAILING SEASON. IN ADDITION, THERE WAS A MULTI-DAY CLASSROOM INSTRUCTION PROGRAM FOR THE SAILBOAT RACING PROGRAM. THE TRIP TO THE APOSTLE ISLANDS WAS RESUMED. THIS TRIP PROVIDED TRAINING AND EXPERIENCE ON LARGE CRUISING KEELBOATS. THOSE ACTIVITIES AREN'T POSSIBLE WITH THE CLUB-OWNED SMALL SAILBOATS ON THE CLUB'S HOME LAKE IN MINNEAPOLIS. ALSO, FOLLOWING SUSPENSION DURING THE PANDEMIC, THE CLUB RESUMED INTAKE OF NEW MEMBERS. 58 NEW MEMBERS FROM THE GENERAL PUBLIC WERE ADMITTED TO THE CLUB VIA A RANDOM SELECTION PROCESS DUE TO HIGH DEMAND FOR THE LIMITED SLOTS AVAILABLE. THE CLUB ACCEPTS ADULT MEMBERS WITH ALL LEVELS OF SAILING EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Clausen Rear Commodo | 1 | $0 | |
Jose Ayala Commodore | 1 | $0 | |
Ricahrd Zarnoch Treasurer | 1 | $0 | |
Walton Stanley Fleet Captai | 1 | $0 | |
David Smith Head Instruc | 1 | $0 | |
John Berg Mc Fleet Cap | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,375 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $405 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,780 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $640 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $50,685 |
| Total expenses | $51,325 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,643 |
| Other assets | $0 |
| Total assets | $108,641 |
| Total liabilities | $0 |
| Net assets or fund balances | $108,641 |