Overview
What is Wayzata Sailing Foundation?
The Wayzata Sailing Foundation, also known as Wayzata Community Sailing Center, is a nonprofit organization located in Wayzata, Minnesota. Their primary mission is to promote sailing for individuals of all backgrounds and skill levels by offering facilities and sailing instructions. During the summer, they conduct summer camps for children between ages 5 and 16, allowing them to learn and enhance their sailing skills while ensuring fun, safety, and responsibility on the water. Additionally, the foundation hosts a sailing series where teams compete at various metro lakes throughout the summer. The Wayzata Sailing Foundation undertakes fundraising efforts to support public sailing clinics for local students, promote community youth sailing by providing affordable classes with boats and accessories, and support other non-profit organizations that encourage sailing and sailboat racing for youth. They also underwrite training, education, and competition for non-profit youth sailing teams. The organization prides itself on its non-discriminatory policies, ensuring equal opportunities for everyone, regardless of race, creed, national or cultural origin, gender, or sexual preference. With a workforce of 29 dedicated individuals, the Wayzata Sailing Foundation is dedicated to increasing the education, understanding, and appreciation of sailing in both competitive racing and recreational cruising.
Official website here: www.wayzatasailing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (69%)
The Wayzata Sailing Foundation has received a "Needs Improvement" rating with a score of 69%. This rating indicates that while the organization shows some strengths, it has notable areas that require attention, particularly in accountability and financial transparency. The foundation has a commendable 91% of its board members being independent, which reflects strong governance.
However, the organization has several significant gaps in its financial documentation. It has not provided financial statements, which affects its transparency score negatively. Additionally, key policies such as a whistleblower policy and document retention guidelines are missing, which raises concerns about accountability practices. While the program expense ratio indicates that a majority of its expenses are directed towards its programs, the lack of transparency in financial reporting may hinder donor trust.
Despite these issues, the Wayzata Sailing Foundation maintains a low liabilities-to-assets ratio, suggesting it operates within its means. Improvement in financial reporting and the establishment of missing policies could enhance its rating and the overall confidence of stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Wayzata Sailing Foundation legitimate?
Wayzata Sailing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wayzata Sailing Foundation 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: $71,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,898
For more financial information, click here
Official website here: www.wayzatasailing.org
What is the mission statement of Wayzata Sailing Foundation?
The Wayzata Sailing Foundation's mission is centered around promoting sailing for individuals from various backgrounds and skill levels. It aims to enhance the education, understanding, and appreciation of sailing, both in competitive racing and recreational cruising. To achieve this, the foundation engages in fundraising activities. These efforts include supporting public sailing clinics for local students, promoting community youth sailing by providing affordable sailing classes, and supporting other non-profit organizations that introduce and foster the enjoyment of sailing for youth. The foundation also underwrites training, education, and competition for non-profit youth sailing teams. The Wayzata Sailing Foundation adheres to a non-discriminatory policy, ensuring equal opportunities for all, regardless of race, creed, national or cultural origin, gender, or sexual preference.
Official website here: www.wayzatasailing.org
Who is the CEO of Wayzata Sailing Foundation?
Rob Hunt is the President of Wayzata Sailing Foundation.
Official website here: www.wayzatasailing.org
What is the revenue of Wayzata Sailing Foundation?
Wayzata Sailing Foundation's revenue in 2022 was $607,591.
Official website here: www.wayzatasailing.org
Who are the executives of Wayzata Sailing Foundation and what are their salaries?
The average compensation at Wayzata Sailing Foundation during 2022 was $7,541. There are 29 employees and 320 volunteers at Wayzata Sailing Foundation.
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- Compensation: $71,800
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Official website here: www.wayzatasailing.org
Where can I find the form 990 for Wayzata Sailing Foundation?
Wayzata Sailing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wayzatasailing.org
Learn more at the official website: www.wayzatasailing.org
Mission Statement of Wayzata Sailing Foundation
The Wayzata Sailing Foundation, a non-profit organization, is dedicated to promoting sailing for individuals of various backgrounds and skill levels. Its mission is multifaceted, aiming to enhance the education, understanding, and appreciation of sailing in both competitive racing and recreational cruising. The foundation raises funds to support public sailing clinics for students in the local community, promote community youth sailing by providing affordable sailing classes and resources, and support other non-profit organizations that introduce and foster the enjoyment of sailing and sailboat racing among youth. Additionally, the Wayzata Sailing Foundation underwrites training, education, and competition for non-profit youth sailing teams, demonstrating its commitment to fostering sailing opportunities for young individuals who may not otherwise have the chance. In adherence to its mission, the foundation does not discriminate based on race, creed, national or cultural origin, gender, or sexual preference.
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Impact
July, 2024
Wayzata Sailing Foundation is making a significant impact by promoting sailing for everyone through access to facilities and sailing instructions. They offer summer camps for children ages 5 to 16, providing them with the opportunity to learn and enhance their sailing skills in a fun, safe, and responsible manner. Additionally, the organization hosts a sailing series where teams compete on various metro lakes, fostering a competitive spirit and love for the sport. Through fundraising efforts, they support public sailing clinics, provide affordable classes for youth, and underwrite training and competition for non-profit youth sailing teams. By expanding education, understanding, and appreciation of sailing, Wayzata Sailing Foundation is contributing to the enrichment of individuals from diverse backgrounds and skill levels within the sailing community.
This information is meant to be a general summary of Wayzata Sailing Foundation. 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: -$4,184
- Program Service Revenue: $438,693
- Gross Receipts: $733,416
Assets and Liabilities:
- Total Assets: $4,238,377
- Total Liabilities: $86,875
- Net Assets: $4,151,502
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$438,693
Organization Details
Founding Year
2000
Phone
(952) 476-5875Principal Officer
Rob Hunt
Main Address
PO BOX 768, WAYZATA, MN, 55391
Website
www.wayzatasailing.orgNTEE Category
Code: T30 - Philanthropy
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