nonprofit logo

Lake Minnetonka Sailing School Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237178929 ✦ Excelsior, MN ✦ Designated as a 501(c)(3)

Overview

What is Lake Minnetonka Sailing School Inc?

Lake Minnetonka Sailing School Inc, situated in Excelsior, Minnesota, serves as a nonprofit organization dedicated to promoting sailing among adults and youth. Their mission is twofold: to enhance the mental and physical abilities of their students while sparking an enduring passion for sailing. They offer a variety of instruction, education, programs, and competitions, aiming to provide a comprehensive sailing experience. The organization, with 33 employees, is based at 19802 Minnetonka Blvd, and their activities contribute to the growth and enjoyment of sailing within the community.


Official website here: www.lmss.us

Is Lake Minnetonka Sailing School Inc legitimate?

Lake Minnetonka Sailing School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Minnetonka Sailing School Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $289,833

For more financial information, click here


Official website here: www.lmss.us

What is the mission statement of Lake Minnetonka Sailing School Inc?

Lake Minnetonka Sailing School Inc's mission is centered around enhancing the mental and physical abilities of its students while fostering a lifelong love for sailing. This is achieved through providing sailing instruction, education, programs, and competitions for both adults and youth in a public and private setting. The school aims to ignite a passion for sailing that extends beyond the learning period, contributing to the overall development of its students.


Official website here: www.lmss.us

Who is the CEO of Lake Minnetonka Sailing School Inc?

Mark Sigel is the President of Lake Minnetonka Sailing School Inc.


Official website here: www.lmss.us

What is the revenue of Lake Minnetonka Sailing School Inc?

Lake Minnetonka Sailing School Inc's revenue in 2022 was $480,912.


Official website here: www.lmss.us

Who are the executives of Lake Minnetonka Sailing School Inc and what are their salaries?

The average compensation at Lake Minnetonka Sailing School Inc during 2022 was $8,783. There are 33 employees and 10 volunteers at Lake Minnetonka Sailing School Inc.

Here are 10 key members and their salaries:

    Mark Sigel (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Emily Doyle (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tara Engebretson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beth Bower (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Hanley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Kottke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kate Laing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Ostbye (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Natalie Sinn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Vanwyk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lmss.us

    Where can I find the form 990 for Lake Minnetonka Sailing School Inc?

    The Lake Minnetonka Sailing School Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lmss.us

    Learn more at the official website: www.lmss.us

    Mission Statement of Lake Minnetonka Sailing School Inc

    Lake Minnetonka Sailing School Inc is committed to fostering the mental and physical growth of its students while instilling a lasting love for sailing as a sport. The organization's primary goal is to provide sailing instruction, education, programs, and competitions to both adult and youth learners, thereby enhancing their skills and fostering a lifelong passion for the sport. By offering a range of sailing-related activities, Lake Minnetonka Sailing School Inc aims to inspire and empower its students, helping them develop both personally and athletically.

    Impact

    This information is meant to be a general summary of Lake Minnetonka Sailing School Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Lake Minnetonka Sailing School Inc has a significant impact on the community by enhancing the mental and physical skills of its students while igniting a lifelong passion for the sport of sailing. Through its public and private adult and youth sailing instruction, education programs, and competitions, the school empowers individuals to learn new skills, build confidence, and foster a love for sailing. This impact extends beyond just the sport itself, as it contributes to personal growth, teamwork, and a sense of community among its participants.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19,649
  • Program Service Revenue: $412,158
  • Gross Receipts: $523,635

    • Assets and Liabilities:
  • Total Assets: $809,888
  • Total Liabilities: $0
  • Net Assets: $809,888
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SAILING TRAINING

    Revenue

    $412,158

    Organization Details

    Founding Year

    1972

    Principal Officer

    Mark Sigel

    Main Address

    19802 MINNETONKA BLVD, EXCELSIOR, MN, 55331

    NTEE Category

    Code: N67P - Recreation

    If you are a representative of Lake Minnetonka Sailing School Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.