Overview
What is Clear Lake Yacht Sailing School?
Clear Lake Yacht Sailing School is a nonprofit organization situated in Clear Lake, Iowa. The primary focus of this organization is to stimulate the enjoyment of recreational sailing among the local community by offering sailing classes for both children and adults. With a team of 12 dedicated individuals, the school provides an opportunity for individuals to learn and enhance their sailing skills, thereby fostering a passion for the activity on Clear Lake's waters. The organization's mission extends beyond just teaching sailing; it aims to cultivate a sense of camaraderie and appreciation for the nautical lifestyle among its participants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
Clear Lake Yacht Sailing School has earned a 76% rating from Charity Navigator, which translates to a Three-Star rating. This score is primarily derived from its performance in Accountability & Finance, indicating a strong emphasis on these areas. The organization has demonstrated a commitment to good governance with an entirely independent board, scoring full points in categories related to board independence and material diversion of assets.
Strengths of the organization include a perfect score in program expense ratio, meaning all funds are directed toward program services. However, there are notable weaknesses, particularly the absence of critical policies such as a conflict of interest policy and a whistleblower policy, which may raise concerns about governance practices. Additionally, while the organization has transparent board meeting documentation, it lacks a formal protocol for document retention and destruction.
Overall, while Clear Lake Yacht Sailing School shows a solid financial foundation and effective use of resources, improvements in governance policies would enhance its accountability and potentially its rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Clear Lake Yacht Sailing School legitimate?
Clear Lake Yacht Sailing School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clear Lake Yacht Sailing School 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: $29,211
For more financial information, click here
What is the mission statement of Clear Lake Yacht Sailing School?
The Clear Lake Yacht Sailing School is dedicated to fostering recreational sailing among both children and adults. By providing sailing classes, the school aims to encourage and nurture an interest in sailing within its community. This mission is carried out with the goal of making sailing an enjoyable and accessible activity for all, contributing to a broader appreciation and enjoyment of aquatic activities.
Who is the CEO of Clear Lake Yacht Sailing School?
Andi Tisor is the Sec/Treasurer of Clear Lake Yacht Sailing School.
What is the revenue of Clear Lake Yacht Sailing School?
Clear Lake Yacht Sailing School's revenue in 2022 was $79,851.
Who are the executives of Clear Lake Yacht Sailing School and what are their salaries?
The average compensation at Clear Lake Yacht Sailing School during 2022 was $2,434. There are 12 employees and 12 volunteers at Clear Lake Yacht Sailing School.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Clear Lake Yacht Sailing School?
Clear Lake Yacht Sailing School's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clear Lake Yacht Sailing School
Clear Lake Yacht Sailing School, as a nonprofit organization, is committed to fostering a love for recreational sailing in Iowa's Clear Lake. Their primary mission is achieved through the provision of sailing classes for both children and adults. By offering these educational opportunities, the organization aims to inspire a new generation of sailors and encourage lifelong enjoyment of this popular water activity. The classes cater to individuals of all ages and skill levels, ensuring that anyone interested in sailing can participate and enhance their skills. By promoting recreational sailing, Clear Lake Yacht Sailing School contributes to the community by providing an enjoyable leisure activity and fostering a sense of camaraderie among its participants.
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Impact
August, 2024
Clear Lake Yacht Sailing School has had a significant impact in promoting recreational sailing on Clear Lake, IA through its sailing classes for both children and adults. By providing opportunities for individuals of all ages to learn and engage in the sport of sailing, the school has helped foster a greater appreciation for water-based recreational activities in the community. Additionally, the sailing school's programs have likely contributed to boosting tourism in the area and supporting local businesses that cater to sailing enthusiasts. Overall, Clear Lake Yacht Sailing School plays a crucial role in enriching the recreational opportunities available in Clear Lake, IA.
This information is meant to be a general summary of Clear Lake Yacht Sailing School. 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.
- Program Service Revenue: $29,277
- Gross Receipts: $79,851
Assets and Liabilities:
- Total Assets: $36,113
- Total Liabilities: $0
- Net Assets: $36,113
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program
Revenue
$29,277
Organization Details
Founding Year
1970
Phone
(515) 554-2013Principal Officer
Andi Tisor
Main Address
PO Box 29, Clear Lake, IA, 50428
NTEE Category
Code: N67 - Recreation
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