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Geneva Lake Sailing School Inc

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

EIN: 391016242 ✦ Fontana, WI ✦ Designated as a 501(c)(3)

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Overview

What is Geneva Lake Sailing School Inc?

Geneva Lake Sailing School Inc, situated in Fontana, Wisconsin, serves as an educational institution dedicated to fostering the sport of sailing. Through its mission, the nonprofit provides sailing instructions to enrolled students, incurring related costs. The school's primary objective is to equip students with sailing skills, contributing to their personal growth and enjoyment of the activity. Geneva Lake Sailing School Inc's programs are instrumental in nurturing a passion for sailing within its student community.


Official website here: www.glss.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star rating.

Geneva Lake Sailing School Inc has received a Two-Star rating from Charity Navigator, indicating an average performance in accountability and finance. The organization has shown strengths in governance, evidenced by 100% independent board members and a high program expense ratio of 90.53%, which highlights a strong commitment to its mission-related activities.

However, the organization faces significant limitations in its financial transparency. The absence of financial statements and missing policies such as a whistleblower policy and document retention guidelines have impacted its overall score. Additionally, the tax form is not posted on the nonprofit's website, further contributing to the low accountability rating. Overall, while the school has strong governance practices, it needs to improve its financial transparency to boost its rating.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Geneva Lake Sailing School Inc?

Geneva Lake Sailing School Inc has received positive sentiment from its initial group of reviewers, despite having only four reviews so far. One reviewer specifically praised the introductory sailing experience led by an instructor named Tom, highlighting his personable nature and ability to accommodate families. This review suggests that the school is dedicated to providing a welcoming and supportive environment for learners.

Overall, it appears the sailing school is off to a good start, with satisfied participants appreciating the personalized instruction. The early feedback indicates that the organization is making a strong impression on newcomers to sailing.


This AI summary has been generated from reviews found on Facebook.

Is Geneva Lake Sailing School Inc legitimate?

Geneva Lake Sailing School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Geneva Lake 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: $80,227
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,450

For more financial information, click here


Official website here: www.glss.org

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

The Geneva Lake Sailing School Inc's mission is centered around educating enrolled students in the art of sailing. Through its programs, the institution incurs costs to deliver sailing instructions to its pupils, aiming to foster their proficiency in this water sport. The school's primary objective is to impart sailing skills to its students, thereby promoting the sport and nurturing sailors.


Official website here: www.glss.org

Who is the CEO of Geneva Lake Sailing School Inc?

Tom Larimer is the President of Geneva Lake Sailing School Inc.


Official website here: www.glss.org

What is the revenue of Geneva Lake Sailing School Inc?

Geneva Lake Sailing School Inc's revenue in 2022 was $705,228.


Official website here: www.glss.org

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

The average compensation at Geneva Lake Sailing School Inc during 2022 was $8,187. There are 25 employees at Geneva Lake Sailing School Inc.


Here are 12 key members and their salaries:


Peter Strothman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Lynch (Vice Resident)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Larimer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joshua Lacroix (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Belsley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Alcock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Gerard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Sexton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jordan Gray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Porter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Freytag (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marek Valasek (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.glss.org

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

Geneva Lake Sailing School Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.glss.org

Learn more at the official website: www.glss.org

Mission Statement of Geneva Lake Sailing School Inc

Geneva Lake Sailing School Inc, a nonprofit organization, is dedicated to educating its enrolled students in the art of sailing. Through its mission, the institution incurs expenses to provide comprehensive sailing instructions to its students. The primary focus of Geneva Lake Sailing School Inc is to impart the knowledge and skills necessary to excel in sailing to its students, thereby fostering a love for the sport. The organization's programs are tailored to cater to the needs of its students, ensuring they acquire the necessary competence to sail confidently.

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Impact




July, 2024

Geneva Lake Sailing School Inc's impact is centered on teaching enrolled students the sport of sailing. By offering sailing instructions and programs to individuals eager to learn this thrilling sport, the school contributes to the development of sailing skills and passion in its community. Located in Fontana, WI, Geneva Lake Sailing School helps individuals of all ages and backgrounds to enhance their understanding of sailing techniques and water safety. Overall, the school's commitment to educating aspiring sailors plays a crucial role in fostering a love for sailing and water-related recreational activities, ultimately enriching the lives of its students.




This information is meant to be a general summary of Geneva Lake 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.

Revenue
$705,228 (2022)
Expenses
$601,918 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,845
  • Program Service Revenue: $441,008
  • Gross Receipts: $705,228

Assets and Liabilities:

  • Total Assets: $4,359,230
  • Total Liabilities: $709,748
  • Net Assets: $3,649,482

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Programs

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

TUITION AND LESSONS

Revenue

$307,686

REGATTAS AND RACES

Revenue

$133,322

Organization Details

Founding Year

1938

Principal Officer

Tom Larimer

Main Address

1250 SOUTH LAKE SHORE DRIVE, FONTANA, WI, 53125

NTEE Category

Code: N6XZ - Recreation

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