White Bear Sailing School
- Assets
- $83.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 12/1980
- Data as of
- 10/2023
- EIN
- 41-1379110
Organization Overview
White Bear Sailing School is located in White Bear Lake, MN. The organization was established in 1980. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White Bear Sailing School 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 10/2023, White Bear Sailing School generated $162.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $149.0k during the year ending 10/2023. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
HIGH SCHOOL RACING TEAMS: THE WHITE BEAR SAILING SCHOOL PROVIDES INSTRUCTION , COACHING AND EQUIPMENT FOR TEENAGER OF THE WHITE BEAR AND SURROUNDING SCHOOL DISTRICTS TO COMPETE IN SAILING COMPETITIONS THROUGHOUT THE MIDWEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Drake Executive Officer (former) | 2 | $0 | |
Mark Swift Executive Officer | 2 | $0 | |
Don Hedges Deputy Executive Officer/secretary | 2 | $0 | |
Willie Wisely Co-Treasurer | 2 | $0 | |
Kay Wisely Co-Treasurer | 2 | $0 | |
Jay Rendall Fundraising Manager | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,170 |
| Total Program Service Revenue | $135,450 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $162,620 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $92,214 |
| Professional fees and other payments to independent contractors | $1,758 |
| Occupancy, rent, utilities, and maintenance | $3,868 |
| Printing, publications, postage, and shipping | $5,841 |
| Other expenses | $45,314 |
| Total expenses | $148,995 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,922 |
| Other assets | $0 |
| Total assets | $83,249 |
| Total liabilities | $100 |
| Net assets or fund balances | $83,149 |