2026-09-01T06:36:26-05:00 2025-12-31 333709623 COHNREZNICK ADVISORY LLC 7500 HIGHWAY 55 SUITE 350 MINNEAPOLIS MN 55427 990 2025-01-01 411713806 MINNEAPOLIS SAILING CENTER MINN 6124707245 4420 COLFAX AVE S MINNEAPOLIS MN 55419 TED SALZMAN EXECUTIVE DIRECTOR 6124707245 2026-08-26 1 JILL SCHULTZ P01527898 9529201455 2026-08-26 2025 TED SALZMAN 4420 COLFAX AVE S MINNEAPOLIS MN 55419 824432 0 X WWW.SAILMPLS.ORG X 1898 MN THE MISSION OF MINNEAPOLIS SAILING CENTER IS TO FOSTER AN INCLUSIVE, SUSTAINABLE COMMUNITY AND TO TEACH SAILING TO ALL. 12 12 69 60 0 0 50038 67239 643880 722845 13945 17422 7121 1609 714984 809115 12729 13544 0 0 504877 522757 0 0 10469 204772 242811 722378 779112 -7394 30003 432766 470480 108086 98396 324680 372084 THE MISSION OF MINNEAPOLIS SAILING CENTER IS TO FOSTER AN INCLUSIVE, SUSTAINABLE COMMUNITY AND TO TEACH SAILING TO ALL. 0 0 715808 13544 724310 SAILING CLASSES AND PROGRAMMING: MINNEAPOLIS SAILING CENTER STRIVES TO MAKE SAILING AVAILABLE TO EVERYONE AND OFFERS A RANGE OF PROGRAMMING DESIGNED TO SUPPORT SAILORS WHEREVER THEY ARE IN THEIR JOURNEY. OUR GOAL IS TO REDUCE THE BARRIERS TO SAILING BY OFFERING AFFORDABLE SAILING LESSONS, SCHOLARSHIPS, OUTREACH EVENTS, AND ACCESS TO SAILBOATS. OUR PROGRAMS INSPIRE PERSONAL GROWTH AND DEVELOPMENT THROUGH ADVENTURE AND LEARNING. WE PROVIDE EXPERIENCES THAT BUILD CONFIDENCE AND CHARACTER IN SAILORS OF ALL AGES, REGARDLESS OF BACKGROUND. SAILING INSTILLS SELF RELIANCE, COURAGE, AND COOPERATION - SKILLS THAT HELP BUILD LEADERS WHO ARE ADEPT AT NAVIGATING A CHALLENGING WORLD. 715808 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 69 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 MN X TED SALZMAN 6124707245 4420 COLFAX AVE MINNEAPOLIS MN 55419 JOSEPH LEADLEY BOARD CHAIR 2.00 X X 0 0 0 NATE ELLSWORTH TREASURER 2.00 X X 0 0 0 THIBAUD CHOLAT SECRETARY 2.00 X X 0 0 0 SUZANNA JACK CHAIR ELECT 2.00 X X 371 0 0 FRITZ NELSON BOARD MEMBER 2.00 X 0 0 0 KANDACE LOGAN BOARD MEMBER 2.00 X 0 0 0 KATY BOYD BOARD MEMBER 2.00 X 0 0 0 KEITH HOLLOMAN BOARD MEMBER 2.00 X 0 0 0 MARSHALL HALL BOARD MEMBER 2.00 X 0 0 0 MIA KROHN BOARD MEMBER 2.00 X 0 0 0 STEVE WOLDUM BOARD MEMBER 2.00 X 0 0 0 ZACH PETERSON BOARD MEMBER 2.00 X 0 0 0 TED SALZMAN EXECUTIVE DIRECTOR 40.00 X 86213 0 0 86584 0 0 0 0 0 0 0 13185 54054 67239 YOUTH PROGRAM 713990 298282 298282 MEMBERSHIP DUES 713990 236220 236220 ADULT PROGRAMS 713990 106717 106717 PRIVATE LESSONS 713990 48999 48999 HIGH SCHOOL PROGRAMS 713990 19535 19535 13092 13092 722845 15222 15222 2200 0 2200 2200 2200 2679 13185 5966 -3287 -3287 12782 9351 3431 3431 CREDIT CARD REWARDS 713990 1465 1465 1465 809115 724310 0 17566 13544 13544 86583 84711 936 936 388302 379902 4200 4200 8143 8143 39729 39729 13506 13506 2950 2950 3353 3353 28542 1335 27207 17254 13803 3451 61967 61694 182 91 3160 3160 21053 21053 27050 27050 SMALL EQUIPMENT 27519 27519 EQUIPMENT REPAIRS 15433 15433 TRAINING AND DEVELOPMEN 11082 11082 FUNDRAISING EVENT EXPEN 5242 5242 4700 4700 779112 715808 52835 10469 15340 19746 149176 243612 0 2455 170570 66456 101967 104114 166283 100553 432766 470480 5882 6741 93778 91655 8426 0 108086 98396 X 324680 372084 324680 372084 432766 470480 30003 17401 0 X 0 1 X 1 0 X 37392 64019 50038 62362 67239 281050 593693 592548 655282 719140 722845 3283508 14831 1566 12353 12782 41532 645916 658133 705320 793855 802866 3606090 0 0 0 3606090 1153 3393 13945 16692 15222 50405 1153 3393 13945 16692 15222 50405 230 230 6335 1564 1465 9364 647069 661526 725600 812341 819553 3666089 0.98360 0.98710 0.01370 0.01000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CREDIT CARD REWARDS - 2023 AMOUNT: $ 6,335. 2024 AMOUNT: $ 1,564. 2025 AMOUNT: $ 1,465. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 170570 66456 104114 104114 X 828289 17401 15317 32718 795571 13544 13544 809115 780885 15317 15317 765568 13544 13544 779112 PART X, LINE 2: MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 5,966. MERCHANDISE COST OF GOODS 9,351. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISCOUNTED LESSONS 13,544. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 5,966. MERCHANDISE COST OF GOODS 9,351. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCOUNTED LESSONS 13,544. RAISE THE SAILS 15864 13185 2679 2223 2716 1027 15864 13185 2679 2223 2716 1027 5966 -3287 1 DISCOUNT SAILING CLASSES 54 13544 FMV CLASS DISCOUNTS PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS THROUGH A COMBINATION OF WRITTEN GRANT AGREEMENTS, PERIODIC REPORTING REQUIREMENTS, AND DIRECT COMMUNICATION WITH GRANTEES. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO EXECUTIVE COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING FORM 990, COPIES ARE EMAILED TO EACH OF THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO FILL OUT A FORM TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL BOARD REVIEWS COMPENSATION YEARLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.