Overview
What is Okoboji Yacht Club Sailing School Inc?
Okoboji Yacht Club Sailing School Inc is a nonprofit organization situated in Milford, Iowa, focusing on educating individuals about boating and water safety, primarily on Lake Okoboji. They offer various classes tailored to different age groups, with weeklong camps being the main format. The programs range from introducing young children to sailing in the Tiny Puffs class to advanced courses for more experienced sailors. The school's mission is to teach boat handling skills and safe water procedures to individuals in the Lake Okoboji area. During the season, their courses cater to a diverse group of learners, with enrollment totals reaching 384 for all the offered classes, including private lessons, workshops, and team development programs.
Official website here: www.oycss.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The Okoboji Yacht Club Sailing School Inc has received an overall score of 83%, placing it in the Three-Star category, which indicates a solid performance within accountability and finance metrics. This score is derived entirely from its Accountability & Finance rating, showcasing the organization's commitment to maintaining a transparent and effective financial operation.
Strengths of the organization include a fully independent board, consisting of 100% independent members, and a strong management of financial liabilities, with a low liabilities to assets ratio of 5.20%. Additionally, the school demonstrates a high program expense ratio of 69.29%, suggesting a significant portion of its funds are directed towards its primary mission of sailing education.
However, there are notable limitations, as the organization lacks several key governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Furthermore, the absence of the nonprofit's tax form on its website could hinder transparency. Addressing these issues could enhance the organization's overall accountability and trustworthiness in the eyes of its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Okoboji Yacht Club Sailing School Inc legitimate?
Okoboji Yacht Club Sailing School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Okoboji Yacht Club 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: $76,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $64,296
For more financial information, click here
Official website here: www.oycss.org
What is the mission statement of Okoboji Yacht Club Sailing School Inc?
The Okoboji Yacht Club Sailing School Inc's mission is centered around teaching boating and safe water procedures to individuals in a general area. The school achieves this by offering a series of weeklong camps, catering to different age groups and skill levels. These camps focus on water and boating safety, with classes tailored to nurture young sailors and develop single-handed sailing skills. Older, more experienced children are introduced to new destinations and learn to read weather forecasts and charts. The school also offers additional sailing courses such as private lessons and workshops. The mission is to provide a safe and educational environment for individuals to learn and enjoy boating.
Official website here: www.oycss.org
Who is the CEO of Okoboji Yacht Club Sailing School Inc?
Brad Farrar is the See Schedule O of Okoboji Yacht Club Sailing School Inc.
Official website here: www.oycss.org
What is the revenue of Okoboji Yacht Club Sailing School Inc?
Okoboji Yacht Club Sailing School Inc's revenue in 2022 was $654,232.
Official website here: www.oycss.org
Who are the executives of Okoboji Yacht Club Sailing School Inc and what are their salaries?
The average compensation at Okoboji Yacht Club Sailing School Inc during 2022 was $10,089. There are 14 employees at Okoboji Yacht Club Sailing School Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $48,077
- Related: $0
- Other: $0
Official website here: www.oycss.org
Where can I find the form 990 for Okoboji Yacht Club Sailing School Inc?
Okoboji Yacht Club Sailing School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oycss.org
Learn more at the official website: www.oycss.org
Mission Statement of Okoboji Yacht Club Sailing School Inc
Okoboji Yacht Club Sailing School Inc is dedicated to educating individuals in the Lake Okoboji, Iowa area about boating and safe water procedures. Their mission is centered around weeklong camps, providing a flexible and straightforward schedule for their learn-to-sail classes. The school offers a series of camps tailored to various age groups, starting with young children and progressing to more experienced sailors.
Their youngest learners, aged 4-6, begin with the Tiny Puffs class, an introduction to sailing where they explore sailboats on the OYC lawn. For older children, the Little Puffs camps (for 6-8 year-olds) and Beginners camps (for 8-12 year-olds) focus on water and boating safety, while single-handed sailing skills are developed in the Beginners camps. Intermediate Opti Fundamentals is designed for students who have previously attended Little Puffs or Beginners classes, and Performance Sailing introduces older, more experienced children to sailing new destinations. Adventure Sailing, a unique program, combines sailing with science, offering a fun and educational STEM-based experience.
Beyond these camps, Okoboji Yacht Club Sailing School Inc also provides private lessons, art workshops, C3 clinics, OSC team development, and Crew U. These additional courses cater to various interests and skill levels, ensuring that the school meets the needs of its diverse student base.
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Impact
July, 2024
Okoboji Yacht Club Sailing School Inc's impact can be seen through its dedication to teaching boating and safe water procedures to individuals in the general area of Lake Okoboji, Iowa. Through their innovative and engaging programs, such as weeklong camps tailored to different age groups and skill levels, they have successfully introduced numerous children to the thrill of sailing. With a variety of classes designed to enhance sailing skills and promote safety on the water, the school has managed to enroll a significant number of participants each season. Additionally, by offering unique programs like Adventure Sailing that combine sailing with science in a STEM-based curriculum, the school is contributing to the educational development of the youth in their community. Overall, Okoboji Yacht Club Sailing School Inc is making a positive impact by providing valuable education and experiences that promote a love for sailing and water safety among individuals of all ages.
This information is meant to be a general summary of Okoboji Yacht Club 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: $83,611
- Program Service Revenue: $71,171
- Gross Receipts: $690,632
Assets and Liabilities:
- Total Assets: $5,767,799
- Total Liabilities: $552,603
- Net Assets: $5,215,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SAILING LESSONS
Revenue
$36,921
REAL PROP.LEASED TO AF
Revenue
$25,000
BOAT RENTAL TO AFFILIA
Revenue
$9,250
Organization Details
Founding Year
1975
Phone
(712) 337-0121Principal Officer
Brad Farrar
Main Address
PO BOX 544, MILFORD, IA, 51351
Website
www.oycss.orgNTEE Category
Code: B99Z - Education
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