Sail Chicago: Nonprofit Profile, Financials & Form 990 (EIN 36-4542276)

Revenue by fiscal year
FY2021	$167K
FY2022	$175K
FY2023	$170K
FY2024	$178K
FY2025	$203K

Net assets by fiscal year
FY2021	$253K
FY2022	$271K
FY2023	$283K
FY2024	$300K
FY2025	$317K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $185K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation

Gerald Moose Stacy

Chair, Jan-Oct; Treasurer, Nov-Dec

$0Pt VII · Sec A

Shawn K Joseph

Director; Chair, Nov-Dec

$0Pt VII · Sec A

Adam Hinz

Vice Chair, Jan-Oct

$0Pt VII · Sec A

Emily Wilt

Vice Chair, Nov-Dec

$0Pt VII · Sec A

Fiona Ray

Secretary, Jan-Oct

$0Pt VII · Sec A

Chad Skarpiak

Director; Secretary, Nov-Dec

$0Pt VII · Sec A

Tim Rice

Treasurer, Jan-Oct; Director

$0Pt VII · Sec A

Manny Conde

Director, Jan-Oct

$0Pt VII · Sec A

See Sail Chicago executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Sail Chicago is a recreation and sports nonprofit based in Chicago, IL, formed in 2003.

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3 programs · $185K · in their own filed words · FY2025

01

Sailing instruction for members

$96Kprogram expense

02

Providing sailing opportunities and access to the water to members and their guests

$66Kprogram expense

03

Building a Sailing Community

$23Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Jpmorgan Chase FoundationFY2024$400

Total grants receivedfrom 1 funder$400

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$203K

Ln 12

Gifts and grantsLn 1h$100K

Fees for servicesLn 2g$94K

Investment incomeLn 3$8K

Money outPt IX

$185K

Ln 25

Programscol B$185K

Owns and owesPt X

$317K

net assets · Ln 32

Cash and savingsLn 1–2$187K

Total assetsLn 16$341K

LiabilitiesLn 26$23K

PeoplePt VI, VII

19

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$100K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Fees for servicesLn 2g$94K

Investment incomeLn 3$8K

Total revenueLn 12$203K

Assets in detailPt X, end of year

CashLn 1$16K

SavingsLn 2$171K

Cash and savings togetherLn 1–2$187K

Land, buildings, equipmentLn 10c$103K

Total assetsLn 16$341K

LiabilitiesLn 26$23K

Net assetsLn 32$317K

OperationsPt I, VI

EmployeesI 50

VolunteersI 6271

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$160K	$187K
Land, buildings, equipmentLn 10c	$104K	$103K
Total assetsLn 16	$318K	$341K
LiabilitiesLn 26	$17K	$23K
Net assetsLn 32	$300K	$317K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$24K	$24K
Advertising and promotionLn 12	$1K	$1K
Office expensesLn 13	$9K	$9K
Information technologyLn 14	$3K	$3K
OccupancyLn 16	$55K	$55K
Depreciation, depletion and amortizationLn 22	$23K	$23K
InsuranceLn 23	$25K	$25K
Other expenses (24a–d)Ln 24	$46K	$46K	$0	$0
Total functional expensesLn 25	$185K	$185K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS May 13, 2026	$203K	$185K	$17K	$317K	990 PDF
FY2024Filed with the IRS May 7, 2025	$178K			$300K	990 PDF
FY2023Filed with the IRS May 8, 2024	$170K			$283K	990 PDF
FY2022Filed with the IRS May 1, 2023	$175K			$271K	990 PDF
FY2021Filed with the IRS May 16, 2022	$167K			$253K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $202,503 revenue, 12 lines filed

I-8 Contributions and grants$99,663

I-9 Program service revenue$94,374

I-10 Investment income$8,466

I-11 Other revenue$0

I-12 Total revenuePrior year $0$202,503

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expenses$185,410

I-18 Total expensesPrior year $0$185,410

I-19 Revenue less expensesPrior year $0$17,093

Part VI · Governance 12 of 12 board members independent, 4 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $202,503 across 11 lines filed

Lines not itemized here account for $94,374 of total revenue; see the IRS return.

VIII-1a Federated campaigns$0

VIII-1b Membership dues$94,968

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$4,695

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$99,663

VIII-3 Investment incomeRelated to mission $8,466 · Unrelated business $0 · Excluded from tax $0$8,466

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $102,840 · Unrelated business $0 · Excluded from tax $0$202,503

Part IX · Statement of functional expenses $185,410 across 8 lines filed

IX-11g Other fees for servicesPrograms $23,641$23,641

IX-12 Advertising and promotionPrograms $1,166$1,166

IX-13 Office expensesPrograms $8,932$8,932

IX-14 Information technologyPrograms $2,557$2,557

IX-16 OccupancyPrograms $55,437$55,437

IX-22 Depreciation, depletion and amortizationPrograms $23,199$23,199

IX-23 InsurancePrograms $24,720$24,720

IX-24 Other expenses (24a–d)Programs $45,758 · Management $0 · Fundraising $0$45,758

IX-25 Total functional expensesPrograms $185,410 · Management $0 · Fundraising $0$185,410

Part X · Balance sheet $340,621 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $5,813$15,968

X-2 Savings and temporary cash investmentsStart of year $154,395$171,244

X-4 Accounts receivableStart of year $11,663$2,500

X-9 Prepaid expenses and deferred chargesStart of year $42,074$47,949

X-10c Land, buildings and equipment, netStart of year $103,615$102,960

X-16 Total assetsStart of year $317,560$340,621

X-17 Accounts payable and accrued expensesStart of year $17,259$23,227

X-25 Other liabilities$0

X-26 Total liabilitiesStart of year $17,259$23,227

X-27 Net assets without donor restrictionsStart of year $300,301$317,394

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $300,301$317,394

X-33 Total liabilities and net assetsStart of year $317,560$340,621

Part XI · Reconciliation of net assets $317,394 net assets at year end

XI-1 Total revenue$202,503

XI-2 Total expenses$185,410

XI-3 Revenue less expenses$17,093

XI-4 Net assets at start of year$300,301

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$317,394

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Sail Chicago

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Sail Chicago

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV