Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
71 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990; $82K paid to officers and key staff.
Matthew Thompson’s $82K as Executive Director is at the 75th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Matthew Thompson | $81,800 | $88,258 | $71,800 | $51,800 | $51,800 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Promote sailing access and instruction for all backgrounds and skill levels.
Questions for Wayzata Sailing Foundation
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $211K | $204K |
| InvestmentsLn 11–13 | $163K | $214K |
| Land, buildings, equipmentLn 10c | $3.8M | $3.7M |
| Total assetsLn 16 | $4.2M | $4.2M |
| LiabilitiesLn 26 | $68K | $71K |
| Net assetsLn 32 | $4.1M | $4.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $243K | $243K | ||
| Pay of current officers, directors and key staffLn 5 | $82K | $41K | $41K | |
| Other salaries and wagesLn 7 | $90K | $54K | $27K | $9K |
| Payroll taxesLn 10 | $28K | $17K | $8K | $3K |
| Accounting feesLn 11c | $32K | $16K | $16K | |
| Advertising and promotionLn 12 | $3K | $3K | $415 | |
| Office expensesLn 13 | $15K | $9K | $6K | |
| InterestLn 20 | $3K | $3K | ||
| Depreciation, depletion and amortizationLn 22 | $109K | $98K | $11K | |
| InsuranceLn 23 | $57K | $28K | $28K | |
| Other expenses (24a–d)Ln 24 | $76K | $43K | $26K | $7K |
| All other expensesLn 24e | $18K | $13K | $5K | $67 |
| Total functional expensesLn 25 | $757K | $540K | $176K | $41K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $712K | $757K | −$44K | $4.1M | 990 PDF |
| FY2023 | $602K | $651K | −$50K | $4.1M | 990 PDF |
| FY2022 | $608K | $690K | −$83K | $4.2M | 990 PDF |
| FY2021 | $725K | $510K | $215K | $4.3M | 990 PDF |
| FY2020 | $421K | $484K | −$63K | $4.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $712,379 revenue, 12 lines filed
Part VI · Governance 9 of 10 board members independent, 2 to look at
Part VIII · Statement of revenue $712,379 across 9 lines filed
Part IX · Statement of functional expenses $756,805 across 12 lines filed
Part X · Balance sheet $4,156,227 assets, 9 lines filed
Part XI · Reconciliation of net assets $4,084,765 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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