LAKE CHAMPLAIN COMMUNITY SAILING

EIN: 03-0342594 · BURLINGTON, VT · Data spans: TY2017–TY2024

Most recent filing: Tax Year 2024.

A more recent filing may not yet be published.

Sailing's public record, made legible. All numbers come directly from this organization's own sworn 990 filing. Patterns are computed from years of filings — not assessments or judgments.

Read trends in context: compare like with like, note the filing year, and treat major disruptions (like 2020–2021) as discontinuities rather than a continuous baseline.

Missing or N/A does not always mean absent. It can mean the item was not disclosed on that form, not collected on that filing type, or not available for that year.

Accrual basisAuditedAudit committeePart XII · TY2024
Total Revenueℹ️Form 990, Part VIII — Statement of Revenue. Includes contributions, grants, member dues, program service revenue, and investment income. Does NOT include borrowed funds or asset sales proceeds.

$2,478,270

Total Expensesℹ️Form 990, Part IX (full 990) or Part I Line 17 (990-EZ) — Total functional expenses. Includes program service expenses, management and general, and fundraising. The gap between revenue and expenses is the operating surplus or deficit for the year.

$1,706,108

Total Assetsℹ️Form 990, Part X — Balance Sheet, end of year. Includes cash, receivables, investments, land, buildings, and equipment.

$8,286,556

Net Assetsℹ️Form 990, Part X — Total assets minus total liabilities. Positive = financially solvent. Negative = liabilities exceed assets. Also called 'fund balance.'

$7,647,568

61 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2024 · 990

Total compensation, benefits & payroll taxes (Part IX)

TY2024

$818,357

Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.

~$13,000 per employee average across 61 W-2 employees; includes benefits & payroll taxes; part-time and seasonal staff counted at full weight.

Named officers/key employees (Part VII‑A) show reportable compensation only and are already included in the Part IX total above. They are not additive.

Named staff org comp sums to $619,703. The remaining $198,654 is unlisted staff labor cost — includes benefits & payroll taxes for all employees, not any one person's salary.

Professional & consulting fees (Part IX, line 11)

TY2024

$111,329

Payments to outside firms and independent contractors — not included in the Part IX labor total above. Combined with the labor total, full people cost is $929,686.

Accounting$87,319
Other$24,010

Functional Expense Allocation (Part IX)

TY2024

$1,706,108total functional expenses

71.6%

Program services

$1,221,343

12.6%

Management & general

$214,817

15.8%

Fundraising

$269,948

Source: Form 990, Part IX, line 25. A higher program-service percentage generally indicates more mission-directed spending.

Historical Trends

Revenue vs. Expenses

Net Revenue / Operating Margin

Net Assets

Revenue Trend

Tax YearPeriodFormRevenueExpensesNet RevenueNet Assets
TY2017Before 2020990$1,355,004$917,142$437,862$4,156,960
TY2018Before 2020990$780,498$1,202,484-$421,986$3,768,041
TY20202020–2021990$1,226,204$1,060,304$165,900$3,931,567
TY20212020–2021990$1,872,181$1,208,479$663,702$4,595,269
TY20222022+990$2,441,435$1,338,148$1,103,287$5,698,556
TY20232022+990$2,713,230$1,536,380$1,176,850$6,875,406
TY20242022+990$2,478,270$1,706,108$772,162$7,647,568

Revenue trend is a filing-history view. It helps you compare operating periods, not infer the club's live condition today.

Revenue Breakdown (Part VIII — most recent year)

Form 990, Part VIII — Statement of Revenue. Includes, but is not limited to: Line 1 = contributions and grants (including member dues reported as contributions). Lines 2a–2f = program service revenue (activities that directly further the organization's exempt purpose). Line 3 = investment income. The specific mix varies by organization type. Source: the organization's own sworn filing.

LineDescriptionAmount
11aMISCELLANEOUS REVENUE$6,341
12Total revenue$2,478,270
1eGovernment grants (contributions)$859,807
1fAll other contributions, gifts, grants$930,147
1gNoncash contributions included in 1a-1f$36,096
1hTotal contributions and grants$1,789,954
2aREGISTRATION$441,605
2bSIGNATURE PROGRAMS$127,660
2cFACILITY USE$66,395
2dBOAT AND STORAGE RENTAL$61,126
2eBOAT AND STORAGE RENTAL$10,998
2fTotal program service revenue$715,496
3Investment income$3,951

Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.

Balance Sheet (Part X)

TY2024
LineDescriptionBOYEOY
16Total assets$7,671,942$8,286,556
26Total liabilities$796,536$638,988
33Total net assets or fund balances$6,875,406$7,647,568

Source: Form 990, Part X, Balance Sheet.

Officers & Key Staff (Part VII)

How to read this section

This is not a full staff directory. It is the subset of people the organization had to disclose in Form 990, Part VII (the officer, director, trustee, key employee, and highest-compensated employee section of the filing). Why this matters: a missing name does not mean a person was not employed or involved.

Total Volunteer Board Hours/Week (Selected Year): 24

Hours per week are self-reported by each officer on Form 990, Part VII. They are not verified.

Officers and directors as reported on Form 990, Part VII. These are typically unpaid, elected positions. If an officer receives compensation, it will appear in the Paid Staff tab.

Operationally, this section is most useful for understanding disclosed leadership structure, compensation visibility, and board labor — not for reconstructing the full staffing model of a club.

NameTitleHours/WeekStatus
DONNA LONDONTREASURER2Volunteer
DOUG MERRILLDIRECTOR2Volunteer
LOU SLANINADIRECTOR2Volunteer
ANASTASIA SURMAVAPRESIDENT2Volunteer
ROXANNE TENA-NELSONPAST PRESIDE2Volunteer
GREG MORSEVICE PRESIDE2Volunteer
GILLIAN NANTONSECRETARY2Volunteer
KATIE WIGHTDIRECTOR2Volunteer
GARY RUSSELLDIRECTOR2Volunteer
SIGNE DALYDIRECTOR2Volunteer
MEGAN SULLIVANDIRECTOR2Volunteer
CHRISTINA LORDDIRECTOR2Volunteer

Programs (Part III — most recent year)

Form 990, Part III — Statement of Program Service Accomplishments. These are the activities that directly further the organization's exempt purpose. Expenses, grants, and revenue are as reported in the organization's own sworn filing.

LAKE ACCESS - CSC OFFERS A VARIETY OF ACTIVITIES BEYOND SAILING, INCLUDING CANOE, KAYAK, AND PADDLEBOARD RENTALS, AS WELL AS YOGA SESSIONS ON THE DOCK. THESE PROGRAMS PROVIDE ADDITIONAL OPPORTUNITIES FOR THE COMMUNITY AND VISITORS TO ENGAGE WITH LAKE CHAMPLAIN AND ENJOY THE WATERFRONT.

Expenses: $186,761Revenue: $146,786

SIGNATURE PROGRAMS - CSC OFFERS PROGRAMS THAT PROMOTE LEADERSHIP, INCLUSIVITY, AND EDUCATION THROUGH SAILING, INCLUDING OPPORTUNITIES FOR AT-RISK YOUTH, VERMONT GIRLS, AND INDIVIDUALS WITH DISABILITIES. ADDITIONALLY, THE FLOATING CLASSROOM ENGAGES STUDENTS IN HANDS-ON, SCIENCE-BASED LEARNING, ENHANCING THEIR UNDERSTANDING OF THE ENVIRONMENT THROUGH DIRECT EXPERIENCES ON LAKE CHAMPLAIN.

Expenses: $266,896Grants: $96,735Revenue: $127,635

PERFORMANCE SAILING - CSC'S PERFORMANCE SAILING PROGRAM TRAINS TEENS FROM LOCAL SCHOOLS IN LEADERSHIP, RESPONSIBILITY, AND TEAMWORK THROUGH SAILING. THE PROGRAM FOSTERS COMMUNITY AND STRONG RELATIONSHIPS WITH ADULT MENTORS. THE ORGANIZATION ALSO OFFERS RACING OPPORTUNITIES FOR ALL AGES, INCLUDING YOUTH TEAMS AND ADULT DINGHY RACING. ADULT COURSES - CSC'S ADULT INSTRUCTIONAL SAILING PROGRAMS PROVID…

Expenses: $387,405Revenue: $140,587

Governance & Transparency Signals

The IRS Form 990 is a sworn disclosure document — not just a tax return. Beyond financials, it captures governance policies, compensation practices, and relationships between insiders and the organization. Every category below comes directly from that filing. When a field is blank, it is often because this form type doesn’t require it, or the org doesn’t meet the threshold that triggers disclosure. That context is itself worth knowing.

Conflict of Interest Policy

Form 990, Part VI — Line 12a

Governance data not available for this organization’s most recent filing year. This can occur for newly filed returns not yet in the corpus, or for organizations whose XML filing did not include Part VI.

Whistleblower Protection Policy

Form 990, Part VI — Line 13

Governance data not available for this organization’s most recent filing year.

Officer & Key Employee Compensation (Part VII)

Form 990, Part VII — Named individuals with reportable compensation

Part VII requires individual disclosure of all officers, directors, trustees, key employees, and the five highest-compensated employees earning above the reporting threshold. The individuals listed here are from the most recent available filing.

NameTitleComp from Org
OWEN MILNEEXECUTIVE DI$101,857
OWEN MILNEEXECUTIVE DI$96,990
OWEN MILNEEXECUTIVE DI$90,965
OWEN MILNEEXECUTIVE DI$86,100
OWEN MILNEEXECUTIVE DI$82,958
OWEN MILNEEXECUTIVE DI$78,000
MARK NAUD UNTIL 6217EXECUTIVE DI$41,538
OWEN MILNE STARTING 6517EXECUTIVE DI$41,295

Compensation shown is reportable compensation from this organization only, as disclosed in Part VII. The $150,000 threshold is significant context: most volunteer-run sailing clubs report $0 for all officers. When professional staff — a General Manager, Executive Director, or Harbor Master — earns above that level, it signals an org operating more like a business than a volunteer collective. That’s not inherently good or bad: a $12M club with 45 full-time employees may well need a $200K GM. But a $400K club paying its Commodore $180K warrants scrutiny.

Independent Compensation Consultant

Schedule J, Part I — Organizations filing when comp exceeds $150K

Schedule J not required for this organization.

Schedule J is only filed when at least one individual in Part VII received more than $150,000 in total compensation. This organization doesn’t meet that threshold, so this schedule is not required. Among the 35.7% of organizations in this corpus that do file Schedule J, 35.7% used an independent compensation consultant. When Schedule J IS required, this question asks whether the board hired an outside firm — unconnected to the organization — to benchmark executive pay against market rates. It reduces the risk that a board approves whatever the ED requests rather than what comparable organizations actually pay.

Equity-Based Compensation

Schedule J, Part II — Per-person compensation detail

Schedule J not required for this organization.

Related-Party Transactions (Schedule L)

Schedule L — Transactions with Interested Persons (officers, directors, their families, controlled entities)

Schedule L requires disclosure of loans, grants, and business transactions between the organization and its own insiders — board members, officers, key employees, and their family members or entities they control. Nonprofits are not prohibited from transacting with insiders, but they must disclose it, follow fair-market-value standards, and document that the transaction benefited the organization, not just the insider. These disclosures exist because self-dealing is the most direct way nonprofit assets can flow to those in control.

No related-party transactions found in our data for this organization. Schedule L is only required when transactions occur — absence means none were reported, not necessarily that none occurred.

Schedule O — Supplemental Information (most recent year)

Organizations use Schedule O to provide additional explanation for answers given on the main 990 form. These are direct excerpts from the filed document.

FORM 990, PAGE 6, PART VI, LINE 11B

THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER AND IS AVAILABLE TO ANY MEMBER WHO REQUESTS REVIEW PRIOR TO FILING.

FORM 990, PAGE 6, PART VI, LINE 12C

ALL BOARD MEMBERS ARE REQUESTED TO SUBMIT A LIST OF ANY CONFLICTS OF INTEREST IN WRITING ON AN ANNUAL BASIS. THE LISTS ARE KEPT ON FILE AND REVIEWED PRIOR TO EACH ANNUAL MEETING.

FORM 990, PAGE 6, PART VI, LINE 15A

EXECUTIVE COMMITTEE REVIEWS PERFORMANCE AND RECOMMENDS ANY COMPENSATION CHANGES TO THE FINANCE COMMITTEE FOR INCLUSION IN THE BUDGET AND SUBSEQUENT APPROVAL BY THE BOARD. THE COMMITTEE ALSO CONDUCTS ANNUAL SURVEYS OF STAFF AND OTHER INDIVIDUALS WHO WORK CLOSELY WITH THE EXECUTIVE DIRECTOR TO INFORM ITS EVALUATION.

FORM 990, PART XI, LINE 9

FUNDRAISING EXPENSES 26,216 SCHOLARSHIPS -163,228 FUNDRAISING EXPENSES -26,216 SCHOLARSHIPS 163,228

FORM 990 - ORGANIZATION'S MISSION

THE LAKE CHAMPLAIN COMMUNITY SAILING CENTER (CSC) ENCOURAGES AND CELEBRATES THE RESPONSIBLE USE AND LONG-TERM STEWARDSHIP OF LAKE CHAMPLAIN BY FOSTERING EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR ALL MEMBERS OF OUR COMMUNITY. THE CSC IS COMMITTED TO ELIMINATING BARRIERS THAT PREVENT ACCESS TO LAKE CHAMPLAIN, OFFERS EXPERIENTIAL EDUCATION FOR WHICH COURAGE AND LEADERSHIP SKILLS CAN BE DEVELOPED AND PROVIDES AN INCLUSIVE ENVIRONMENT FOR ALL PEOPLE TO LEARN SAILING AND PADDLING.

Mission

LAKE CHAMPLAIN COMMUNITY SAILING CENTER ENCOURAGES AND CELEBRATES RESPONSIBLE USE AND LONG-TERM STEWARDSHIP OF LAKE CHAMPLAIN BY FOSTERING EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR ALL COMMUNITY MEMBERS.

As stated in the organization's 990 filing.

IRS Source Filings

Source filings are IRS e-file records in XML (Extensible Markup Language) format — a structured data standard used by the IRS for electronic filing. If you open one of these links, it will look like code. That's not an error — that's what XML looks like. Harbor Commons processes this raw XML and presents the structured, readable view you see above.

Why this matters: the XML is the receipt. Harbor Commons is the reading layer on top of that receipt. If you ever need to verify a number, wording choice, or disclosure, the source filing is where to check.

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📡 Filing Signals (6 total)

Trends and shifts computed from this organization's own public filings across all available years. Signals highlight where numbers changed — not whether those changes are good or bad. Only people with inside knowledge of this organization can interpret what these signals mean.

Signals describe filing history, not the club's live operating state. The newest filing may still lag current reality by many months.

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