Nonprofit · EIN 41-1411508
GULL LAKE SAILING SCHOOL INC
Tax-exempt · BRAINERD, MN 56401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $105,888 | $55,511 | $50,377 | $1,840,371 | $0 | $1,840,371 |
| December 31, 2023 | 990 | $26,518 | $58,333 | -$31,815 | $1,789,994 | $0 | $1,789,994 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $105,588
- Program service revenue
- $300
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,423
- Depreciation
- $35,616
- Program services (functional)
- $40,415
- Management and general (functional)
- $15,096
Balance sheet and other
- Total assets, start of year
- $1,789,994
- Total assets, end of year
- $1,840,371
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,840,371
- Land, buildings and equipment
- $1,744,340
- Net assets without donor restrictions
- $1,840,371
- Gross receipts
- $110,727
- Employees
- 0
- Volunteers
- 30
- Year formed
- 1981
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID ANDERSON | CO-PRESIDENT Trustee or director, Officer | 10 | $0 |
| CHRIS HOLMES | CO-PRESIDENT Trustee or director, Officer | 10 | $0 |
| VINCE DRIESSEN | DIRECTOR Trustee or director | 1 | $0 |
| PAUL HUSO | DIRECTOR Trustee or director | 1 | $0 |
| MARY JETLAND | DIRECTOR Trustee or director | 1 | $0 |
| GREG COLE | DIRECTOR Trustee or director | 1 | $0 |
| MARY GRACE ARNDT | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID ANDERSON | CO-PRESIDENT Trustee or director, Officer | 10 | $0 |
| DOUG ARNDT | DIRECTOR Trustee or director | 1 | $0 |
| MARY GRACE ARNDT | SECRETARY Trustee or director, Officer | 1 | $0 |
| VINCE DRIESSEN | DIRECTOR Trustee or director | 1 | $0 |
| KIM HAGEN | TREASURER Trustee or director, Officer | 1 | $0 |
| CHRIS HOLMES | CO-PRESIDENT Trustee or director, Officer | 10 | $0 |
| MARY JETLAND | DIRECTOR Trustee or director | 1 | $0 |
| GREG MEDECK | DIRECTOR Trustee or director | 1 | $0 |
| TED ROGERS | SAFETY OFFIC Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 511, BRAINERD, MN 56401-0511
- Mailing address (990-N for 2007)
- 11258 Birch Island Road, East Gull Lake MN 56401
- Principal officer (990 for 2024)
- DAVID ANDERSON, PO BOX 511, BRAINERD, MN 56401
- Principal officer (990-N for 2007)
- Martha Driessen, 4804 Golf Terrace, Edina MN 55424
- Signed the 990
- DAVID ANDERSON, CO-PRESIDENT
- Phone
- (612) 750-7003
- Return prepared by
- B JOHNSON & ASSOC LTD
Mission
TO GROW SAILING IN THE BRAINERD LAKES AREA AND GROW FRIENDSHIPS ON GULL LAKE.
Program accomplishments
- TEACHING YOUTH AGES 5 AND UP TO ADVANCE THEIR KNOWLEDGE IN WATER SAFETY, SAILING TECHNIQUES AND EXPAND THEIR ENJOYMENT OF BEING ON THE WATER. OUR INSTRUCTOR LED COURSES FOCUS ON A VARIETY OF SKILLS. OUR PROGRAMING RANGES FROM BOAT SAFETY TO INTRO TO SAILING COURSES AND RACING COURSES. WE ALSO SERVE AS THE HOME OF THE BRAINERD HIGH SCHOOL SAILING TEAM.Expenses $40,415 · revenue $300
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1411508
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,840,371
- Income (IRS master file)
- $110,727
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $105,888 | $55,511 | $1,840,371 | XML |
| 990 | December 2023 | $26,518 | $58,333 | $1,789,994 | XML |
| 990 | December 2022 | $50,076 | $101,668 | $1,825,103 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: Martha Driessen | June 30, 2008 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1411508).
Questions about GULL LAKE SAILING SCHOOL INC
- What is the EIN of GULL LAKE SAILING SCHOOL INC?
- The employer identification number (EIN) of GULL LAKE SAILING SCHOOL INC is 41-1411508.
- Is GULL LAKE SAILING SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to GULL LAKE SAILING SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GULL LAKE SAILING SCHOOL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GULL LAKE SAILING SCHOOL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GULL LAKE SAILING SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GULL LAKE SAILING SCHOOL INC?
- The 990 for the year ended December 31, 2024 names DAVID ANDERSON.
- Who are the officers and directors of GULL LAKE SAILING SCHOOL INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does GULL LAKE SAILING SCHOOL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $105,888, expenses of $55,511 and total assets of $1,840,371 at year end.
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