Overview
What is Lake Monroe Sailing Association Incorporated?
Lake Monroe Sailing Association Incorporated, located in Bloomington, Indiana, serves as a nonprofit organization dedicated to the well-being of sailors on Lake Monroe. Their primary mission involves offering a secure haven for sailboats, facilitating sailing instruction, and providing recreational activities, all in accordance with their lease agreement with the Indiana Department of Natural Resources. The association also offers sailing lessons for both youth and adults, aiming to promote and foster a love for this waterborne activity within the community. With a team of 28 dedicated individuals, they continue to uphold their commitment to the sailing community.
Official website here: www.lakemonroesailing.com
Is Lake Monroe Sailing Association Incorporated legitimate?
Lake Monroe Sailing Association Incorporated is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Monroe Sailing Association Incorporated 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: $120,366
For more financial information, click here
Official website here: www.lakemonroesailing.com
What is the mission statement of Lake Monroe Sailing Association Incorporated?
The Lake Monroe Sailing Association Incorporated is dedicated to offering a secure environment for sailboats on Monroe Lake, Indiana. They facilitate sailing lessons and recreational activities, as per their agreement with the Indiana Department of Natural Resources. Additionally, the association offers sailing instructions for both young and adult individuals. Their primary objectives revolve around providing a safe haven for sailors and imparting sailing skills to various age groups.
Official website here: www.lakemonroesailing.com
Who is the CEO of Lake Monroe Sailing Association Incorporated?
Jake Spencer is the Treasurer of Lake Monroe Sailing Association Incorporated.
Official website here: www.lakemonroesailing.com
What is the revenue of Lake Monroe Sailing Association Incorporated?
Lake Monroe Sailing Association Incorporated's revenue in 2022 was $321,168.
Official website here: www.lakemonroesailing.com
Who are the executives of Lake Monroe Sailing Association Incorporated and what are their salaries?
The average compensation at Lake Monroe Sailing Association Incorporated during 2022 was $4,299. There are 28 employees and 20 volunteers at Lake Monroe Sailing Association Incorporated.
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Official website here: www.lakemonroesailing.com
Where can I find the form 990 for Lake Monroe Sailing Association Incorporated?
Lake Monroe Sailing Association Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakemonroesailing.com
Learn more at the official website: www.lakemonroesailing.com
Mission Statement of Lake Monroe Sailing Association Incorporated
Lake Monroe Sailing Association Incorporated is dedicated to ensuring a secure environment for sailboats utilized on Lake Monroe, Indiana. Beyond this, they offer sailing instruction and recreational activities, all in accordance with their lease agreement with the Indiana Department of Natural Resources. Furthermore, this organization extends its services to both youth and adults, providing sailing lessons and instructions to help cultivate a love for this water-based activity.
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Impact
October, 2024
Lake Monroe Sailing Association Incorporated plays a crucial role in fostering a vibrant sailing community on Monroe Lake in Indiana. By providing safe harbor for sailboats, the organization ensures that both recreational and competitive sailors have a reliable and secure space for their maritime activities.
The association enhances the local community's connection to the water through its sailing instruction programs, which cater to both youth and adults. These lessons not only equip participants with essential sailing skills but also promote teamwork and a love for outdoor activities. Through its offerings, the association contributes significantly to recreational opportunities in Bloomington, encouraging a healthier, active lifestyle among residents and visitors alike.
Furthermore, by working closely with the Indiana Department of Natural Resources, the association promotes environmental stewardship and responsible use of the lake, ensuring the sustainability of this precious resource for future generations. Overall, the Lake Monroe Sailing Association fosters community engagement, skill development, and environmental awareness, enriching the local culture and recreational landscape.
This information is meant to be a general summary of Lake Monroe Sailing Association Incorporated. 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: $4,518
- Program Service Revenue: $306,895
- Gross Receipts: $321,168
Assets and Liabilities:
- Total Assets: $432,445
- Total Liabilities: $74,072
- Net Assets: $358,373
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Marinas
Revenue
$244,806
Sailing Instruction
Revenue
$62,089
Organization Details
Founding Year
1970
Phone
(317) 824-4611Principal Officer
Jake Spencer
Main Address
PO BOX 5966, BLOOMINGTON, IN, 474075966
Website
www.lakemonroesailing.comNTEE Category
Code: N67 - Recreation
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