Columbia Sailing School

Tax-deductible

Chicago, IL501(c)(3)Recreation & SportsEIN 47-3706487

Promote the safe, responsible, and enjoyable operation of sailboats and other watercraft for people of all ages, genders, and ethnic backgrounds.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 20 volunteers and 56 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $23K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 10% of spending
Top officer’s pay lower than 61% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$143K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-0.7% vs prior year
Spent
$1.1M
To programs
94%
Net assets
$303K
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▼ -0.7%
Revenue by fiscal year
FY2020$583K
FY2021$866K
FY2022$947K
FY2023$1.0M
FY2024$1.0M
Expenses
$1.1M
FY2024▲ +9%
Expenses by fiscal year
FY2020$620K
FY2021$723K
FY2022$913K
FY2023$987K
FY2024$1.1M
Net assets
$303K
FY2024▼ -16%
Net assets by fiscal year
FY2020$149K
FY2021$292K
FY2022$326K
FY2023$361K
FY2024$303K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2017.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.0M Management & general 6% · $65K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation
Sailing Master
$108,893Pt VII · Sec A
Vice Commodore
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kurt Thomsen’s $109K as Sailing Master is at the 39th percentile of top reported officer pay among 1842 $1–10M recreation & sports 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

NameFY2024FY2023
Kurt Thomsen$108,893$100,888

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.

See Columbia Sailing School executive salaries →

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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 15aNo

Programs and updates

Promote safe, responsible, and enjoyable sailing and boating for everyone.

Provided by the organization

This section is blank until Columbia Sailing School claims this page.

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1 program service account for $1.0M of program spending, described in the organization's own filed words · FY2024.
01

The programs cater to small children beginning at age 5, young adults of high school and university age, and adults. Curriculum ranges from an introduction to sailing and seamanship through advanced dinghy and keelboat racing. U.S. Sailing's recognized curricula is used and employees are certified to instruct these elements.

$1.0Mprogram expense

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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
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$934K
Gifts and grantsLn 1h$51K
Other incomeLn 4–11$18K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$65K
Owns and owesPt X
$303K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$446K
LiabilitiesLn 26$143K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51K
Fees for servicesLn 2g$934K
Investment incomeLn 3$10K
Other incomeLn 4–11$18K
Gains on assetsLn 7$10K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$133K
SavingsLn 2$19K
Cash and savings togetherLn 1–2$152K
Land, buildings, equipmentLn 10c$272K
Total assetsLn 16$446K
LiabilitiesLn 26$143K
Net assetsLn 32$303K
OperationsPt I, VI
EmployeesI 556
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$248K$152K
Land, buildings, equipmentLn 10c$266K$272K
Total assetsLn 16$536K$446K
LiabilitiesLn 26$175K$143K
Net assetsLn 32$361K$303K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$109K$109K
Other salaries and wagesLn 7$381K$381K
Other employee benefitsLn 9$25K$25K
Payroll taxesLn 10$48K$48K
Accounting feesLn 11c$17K$17K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$44K$44K
Information technologyLn 14$5K$5K
OccupancyLn 16$67K$67K
TravelLn 17$25K$25K
Depreciation, depletion and amortizationLn 22$99K$99K
InsuranceLn 23$126K$126K
Other expenses (24a–d)Ln 24$122K$122K
Total functional expensesLn 25$1.1M$1.0M$65K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$1.1M−$58K$303K 990 PDF
FY2023 $1.0M$987K$35K$361K 990 PDF
FY2022 $947K$913K$34K$326K 990 PDF
FY2021 $866K$723K$143K$292K 990 PDF
FY2020 $583K$620K−$37K$149K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,013,731 across 7 lines filed
VIII-1f All other contributions, gifts and grants$51,109
VIII-1h Total contributions, gifts and grants$51,109
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $934,331$934,331
VIII-3 Investment incomeExcluded from tax $907$907
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,500$9,500
VIII-8 Net income from fundraising eventsExcluded from tax $17,884$17,884
VIII-12 Total revenueRelated to mission $934,331 · Unrelated business $0 · Excluded from tax $28,291$1,013,731
Part IX · Statement of functional expenses $1,071,405 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $108,893$108,893
IX-7 Other salaries and wagesPrograms $381,011$381,011
IX-9 Other employee benefitsPrograms $24,799$24,799
IX-10 Payroll taxesPrograms $48,437$48,437
IX-11c Accounting feesManagement $16,648$16,648
IX-12 Advertising and promotionPrograms $3,402$3,402
IX-13 Office expensesManagement $43,987$43,987
IX-14 Information technologyManagement $4,634$4,634
IX-16 OccupancyPrograms $67,039$67,039
IX-17 TravelPrograms $24,855$24,855
IX-22 Depreciation, depletion and amortizationPrograms $99,403$99,403
IX-23 InsurancePrograms $126,128$126,128
IX-24 Other expenses (24a–d)Programs $122,169$122,169
IX-25 Total functional expensesPrograms $1,006,136 · Management $65,269 · Fundraising $0$1,071,405
Part X · Balance sheet $446,324 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $229,389$132,802
X-2 Savings and temporary cash investmentsStart of year $18,446$19,352
X-9 Prepaid expenses and deferred chargesStart of year $21,867$22,477
X-10c Land, buildings and equipment, netStart of year $266,220$271,693
X-16 Total assetsStart of year $535,922$446,324
X-17 Accounts payable and accrued expensesStart of year $47,113$49,406
X-19 Deferred revenueStart of year $116,285$81,845
X-25 Other liabilitiesStart of year $11,677$11,900
X-26 Total liabilitiesStart of year $175,075$143,151
X-27 Net assets without donor restrictionsStart of year $360,847$303,173
X-32 Total net assets or fund balancesStart of year $360,847$303,173
X-33 Total liabilities and net assetsStart of year $535,922$446,324
Part XI · Reconciliation of net assets $303,173 net assets at year end
XI-1 Total revenue$1,013,731
XI-2 Total expenses$1,071,405
XI-3 Revenue less expenses−$57,674
XI-4 Net assets at start of year$360,847
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$303,173

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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