Nonprofit · EIN 41-1986402
WAYZATA SAILING FOUNDATION
Tax-exempt · WAYZATA, MN 55391
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $712,379 | $756,805 | -$44,426 | $4,156,227 | $71,462 | $4,084,765 |
| December 31, 2023 | 990 | $601,837 | $651,441 | -$49,604 | $4,189,954 | $67,882 | $4,122,072 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $98,317
- Program service revenue
- $545,462
- Investment income
- $7,740
- Net gain from sales of assets
- $2,909
- Net income from fundraising events
- $50,975
- Other revenue
- $60,860
Expenses
- Grants and similar amounts paid
- $243,336
- Compensation of officers, directors and key employees
- $81,800
- Other salaries and wages
- $90,422
- Salaries, compensation and benefits (total)
- $200,035
- Professional fundraising fees
- $0
- Accounting fees
- $32,101
- Depreciation
- $109,059
- Program services (functional)
- $539,589
- Management and general (functional)
- $175,933
- Fundraising (functional)
- $41,283
Balance sheet and other
- Total assets, start of year
- $4,189,954
- Total assets, end of year
- $4,156,227
- Total liabilities, end of year
- $71,462
- Net assets, end of year
- $4,084,765
- Land, buildings and equipment
- $3,738,545
- Publicly traded securities
- $213,525
- Gross receipts
- $835,395
- Employees
- 49
- Volunteers
- 123
- Year formed
- 2000
- 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 |
|---|---|---|---|
| MATTHEW THOMPSON | EXECUTIVE DIRECTOR Officer | 1 | $81,800 |
| JANA SIMMONS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KRISTYN MULLIN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SCOTT ROSENBAUM | TREASURER Trustee or director, Officer | 1 | $0 |
| ROBB HARRIS | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRIGHID HANSEN | DIRECTOR Trustee or director | 1 | $0 |
| TIM SIEMERS | DIRECTOR Trustee or director | 1 | $0 |
| SOL RYAN | DIRECTOR Trustee or director | 1 | $0 |
| LISA HUANG | DIRECTOR Trustee or director | 1 | $0 |
| ALEX GORDON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW THOMPSON | EXECUTIVE DIRECTOR Officer | 1 | $88,258 |
| JANA SIMMONS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KRISTYN MULLIN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SCOTT ROSENBAUM | TREASURER Trustee or director, Officer | 1 | $0 |
| ROBB HARRIS | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRIGHID HANSEN | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE HANSEN | DIRECTOR Trustee or director | 1 | $0 |
| TIM SIEMERS | DIRECTOR Trustee or director | 1 | $0 |
| SOL RYAN | DIRECTOR Trustee or director | 1 | $0 |
| LISA HUANG | DIRECTOR Trustee or director | 1 | $0 |
| ALEX GORDON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 456 ARLINGTON CIR, WAYZATA, MN 55391-1852
- In care of
- % CHELE PAYER
- Principal officer (990 for 2024)
- JANA SIMMONS, PO BOX 768, WAYZATA, MN 55391
- Signed the 990
- SCOTT ROSENBAUM, PRESIDENT
- Phone
- (952) 476-5875
- Website
- WWW.WAYZATASAILING.ORG
- Return prepared by
- COPELAND BUHL & COMPANY PLLP
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 accomplishments
- 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.Expenses $539,589 · grants $243,336 · revenue $548,371
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
- 41-1986402
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $4,156,227
- Income (IRS master file)
- $835,395
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $712,379 | $756,805 | $4,156,227 | XML |
| 990 | December 2023 | $601,837 | $651,441 | $4,189,954 | XML |
| 990 | December 2022 | $607,591 | $690,318 | $4,238,377 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 41-1986402).
Questions about WAYZATA SAILING FOUNDATION
- What is the EIN of WAYZATA SAILING FOUNDATION?
- The employer identification number (EIN) of WAYZATA SAILING FOUNDATION is 41-1986402.
- Is WAYZATA SAILING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to WAYZATA SAILING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAYZATA SAILING FOUNDATION 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 WAYZATA SAILING FOUNDATION 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 WAYZATA SAILING FOUNDATION 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 WAYZATA SAILING FOUNDATION?
- The 990 for the year ended December 31, 2024 names JANA SIMMONS.
- Who are the officers and directors of WAYZATA SAILING FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $81,800 (MATTHEW THOMPSON, EXECUTIVE DIRECTOR).
- How much revenue does WAYZATA SAILING FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $712,379, expenses of $756,805 and total assets of $4,156,227 at year end.
Other nonprofits in WAYZATA
- SHEPHERDS - A FAMILY FOUNDATION EIN 47-3839311 · last filed 990-PF for 2025
- CARTER FAMILY FOUNDATION EIN 20-3311749 · last filed 990-PF for 2024
- HOPE CHEST FOR BREAST CANCER FOUNDATION EIN 41-2019565 · last filed 990 for 2024
- LRE FOUNDATION EIN 20-4973856 · last filed 990-PF for 2025
- MICHAEL J AND KAREN B FREY FOUNDATION EIN 75-3140739 · last filed 990-PF for 2025
- LOTHENBACH FAMILY FOUNDATION EIN 81-4309433 · last filed 990-PF for 2024
- WILLIAM W & NADINE M MCGUIRE FAMILY FOUNDATION EIN 41-1861103 · last filed 990-PF for 2024
- THE EDWARD J PHILLIPS FAMILY FOUNDATION EIN 20-2041201 · last filed 990-PF for 2024
All nonprofits in WAYZATA · Minnesota · Philanthropy, voluntarism and grantmaking foundations