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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Lake Minnetonka Sailing School Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization scored exceptionally well on various metrics, particularly for having a fully independent board and no material diversion of assets. These aspects contribute positively to the charity's governance and operational integrity.
The school demonstrated a commendable program expense ratio of 72.93%, indicating that a significant portion of its resources is dedicated to its educational programs. Additionally, the organization consistently documents its board meeting minutes and maintains transparency by listing its website on its tax forms. These practices enhance the organization's credibility and commitment to responsible management.
However, the overall rating is solely based on the accountability and finance beacon, which means that additional dimensions such as organizational effectiveness and impact may not be fully assessed in this score. While the financial metrics are strong, potential donors and stakeholders should consider looking for more comprehensive evaluations beyond financial accountability alone.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lake Minnetonka Sailing School Inc?
Although Lake Minnetonka Sailing School Inc currently has only a few reviews on Facebook, the early impressions are positive. One reviewer enthusiastically shared that their son has thoroughly enjoyed attending the sailing school, highlighting the fun and engaging atmosphere of the program.
This sentiment suggests that families find value in the experiences provided by the sailing school, indicating a strong recommendation for others considering enrollment. Overall, it appears the organization is on the right track in delivering enjoyable sailing lessons that resonate well with both students and their parents.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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.
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Official website here: www.lmss.us
Where can I find the form 990 for Lake Minnetonka Sailing School Inc?
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.
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Impact
July, 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.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(952) 404-1645Principal Officer
Mark Sigel
Main Address
19802 MINNETONKA BLVD, EXCELSIOR, MN, 55331
Website
www.lmss.usNTEE Category
Code: N67P - Recreation
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