WAYZATA SAILING FOUNDATION

EIN: 411986402 501(c)(3) Philanthropy & Grantmaking

WAYZATA, MN

Total Revenue
$601,837
Total Expenses
$651,441
Total Assets
$4,189,954
Net Assets
$4,122,072
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MN
Principal Officer
JANA SIMMONS
Phone
9524765875
Tax Period
2023-01-01 to 2023-12-31

WAYZATA SAILING FOUNDATION, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $602K in total revenue in fiscal year 2023. Net assets of $4.1M represent 82 months of operating reserves.

Mission

THE 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.

Program Service Accomplishments

Program 1
Expenses: $464,598 Revenue: $433,367

SUMMER 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...

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SUMMER 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $107,929
Program Service Revenue $433,186
Investment Income $3,974
Other Revenue $56,748
TOTAL REVENUE $601,837

Expense Breakdown

Grants Paid $190,320
Salaries & Benefits $172,024
Fundraising Expenses $28,815
Program Expenses $464,598
Other Expenses $289,097
TOTAL EXPENSES $651,441

Year-over-Year Comparison

2023 2022 Change
Revenue $601,837 $607,591 0.0%
Expenses $651,441 $690,318 -0.1%
Net Income $-49,604 $-82,727 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
38
Volunteers
320

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$88,258
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANA SIMMONS PRESIDENT 1.00
Officer Director
$0 $0 $0
KRISTYN MULLIN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SCOTT ROSENBAUM TREASURER 1.00
Officer Director
$0 $0 $0
ROBB HARRIS SECRETARY 1.00
Officer Director
$0 $0 $0
BRIGHID HANSEN DIRECTOR 1.00
Director
$0 $0 $0
GEORGE HANSEN DIRECTOR 1.00
Director
$0 $0 $0
TIM SIEMERS DIRECTOR 1.00
Director
$0 $0 $0
SOL RYAN DIRECTOR 1.00
Director
$0 $0 $0
LISA HUANG DIRECTOR 1.00
Director
$0 $0 $0
ALEX GORDON DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW THOMPSON EXECUTIVE DIRECTOR 1.00
Officer
$88,258 $0 $88,258
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $601,837 $651,441 $4,189,954 $-49,604
2022 $607,591 $690,318 $4,238,377 $-82,727
2021 $724,615 $509,537 $4,353,109 $215,078
2020 $420,559 $483,714 $4,238,531 $-63,155
2019 $1,191,907 $519,597 $4,240,455 $672,310
2018 $1,321,848 $406,169 $3,587,511 $915,679
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