TEAM PARADISE SAILING INC

EIN: 20-2663905 · MIAMI, FL · Data spans: TY2019–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 basisNo audit disclosedPart 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.

$127,172

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.

$103,525

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

$120,341

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

$114,111

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

Total compensation, benefits & payroll taxes (Part IX)

TY2024

$45,434

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

~$23,000 per employee average across 2 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.

Professional & consulting fees (Part IX, line 11)

TY2024

$16,561

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 $61,995.

Accounting$1,850
Accounting$1,000
Other$9,418
Other$4,293

Functional Expense Allocation (Part IX)

TY2024

$202,733total functional expenses

58.7%

Program services

$118,906

17.6%

Management & general

$35,696

23.7%

Fundraising

$48,131

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
TY2019Before 2020990$96,188$140,305-$44,117$6,570
TY20202020–2021990$156,586$146,731$9,855$16,425
TY20212020–2021990$221,609$150,816$70,793$87,218
TY20222022+990$134,376$163,092-$28,716$58,502
TY20232022+990$155,635$166,428-$10,793$47,709
TY20242022+990$127,172$103,525$23,647$114,111

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$276
11aMISCELLANEOUS$141
12Total revenue$127,172
12Total revenue$245,488
1fAll other contributions, gifts, grants$128,294
1fAll other contributions, gifts, grants$83,537
1hTotal contributions and grants$128,294
1hTotal contributions and grants$83,537
2aSAILING SCHOOL$24,607
2aSAILING SCHOOL$68,933
2bSPECIAL EVENTS$36,090
2bSPECIAL EVENTS$16,940
2cBOAT CHARTERS$1,800
2cBOAT CHARTERS$11,920
2dMERCHANDISE$110
2dMERCHANDISE$12
2fTotal program service revenue$117,053
2fTotal program service revenue$43,359

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$51,072$97,715
16Total assets$97,715$120,341
26Total liabilities$3,363$7,251
26Total liabilities$7,251$6,230
33Total net assets or fund balances$47,709$90,464
33Total net assets or fund balances$90,464$114,111

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): 25

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
DREW MOUACDIETREASURER5Volunteer
JOSEPH CHINNDIRECTOR1Volunteer
JOHN J SCHOENDORFDIRECTOR1Volunteer
EDWARD BENITEZDIRECTOR1Volunteer
MICHAEL BRACKENDIRECTOR1Volunteer
JOSEPH CHINDIRECTOR1Volunteer
PETER FOLEYDIRECTOR1Volunteer
MOISES ALFONSOCHAIRMAN1Volunteer
JANICE BARTLESONDIRECTOR1Volunteer
PETER FOLEYDIRECTOR1Volunteer
PETER COMMETTEDIRECTOR1Volunteer
MICHAEL BRACKENDIRECTOR1Volunteer
JOHN J SCHOENDORFTREASURER5Volunteer
MOISES ALFONSOCHAIRMAN1Volunteer
PETER COMMETTEDIRECTOR1Volunteer
EDWARD BENITEZDIRECTOR1Volunteer
JANICE BARTLESONDIRECTOR1Volunteer

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
SUSAN LILJEDAHLEXECUTIVE DIRECTOR$40,200
SUSAN LILJEDAHLEXECUTIVE DIRECTOR$39,500
MAGNUS LILJEDAHLFOUNDER/PROGRAM DIRECTOR$36,000
Magnus LiljedahlExecutive Director$36,000
Magnus LiljedahlExecutive Director$33,000
Magnus LiljedahExecutive Director$30,000
Magnus LiljedahExecutive Director$30,000
Magnus LiljedahExecutive Director$30,000

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.

7 transactions found across all available filing years. Sorted largest to most recent.

Person / EntityRelationshipTypeAmountYear
MAGNUS G LILJEDAHLDIRECTORloan$8,2242024
MAGNUS G LILJEDAHLFOUNDER/PROGRAM DIRECTORloan$8,2242024
Magnus G LijedahlExecutive Directorloan$7322023
Magnus G LijedahlExecutive Directorloan$7,8322022
Magnus G LijedahlExecutive Directorloan$16,7642021
Magnus G LijedahlExecutive Directorloan$24,8352020
Magnus G LijedahlExecutive Directorloan$37,8702019

📋 Context note. Where available, transactional context may be supplemented by audited financial statements or other independent disclosures that are not derived from 990 XML data alone. When an independent audit confirms the terms, repayment schedule, and arm's-length pricing of a related-party loan, the transaction carries a materially different risk profile than the 990 alone would suggest.

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, PART VI, SECTION A, LINE 8B

THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD

FORM 990, PART VI, SECTION B, LINE 11B

A DRAFT OF THE RETURN IS REVIEWED BY THE PRESIDENT AND THE TREASURER. CHANGES AND ADDITIONS ARE MADE TO THE RETURN BASED ON THEIR REVIEW. A REVISED DRAFT IS THEN PROVIDED AND APPROVED BEFORE RELEASE.

FORM 990, PART VI, SECTION B, LINE 12C

THE ORGANIZATION CONDUCTS AN ANNUAL REVIEW OF ANNUAL DISCLOSURE FORMS SUBMITTED BY COVERED PERSONS. IT COMPILES AND MAINTAINS A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS. PROPOSED TRANSACTIONS CAN THEN BE MATCHED AGAINST THE LIST AS A MEANS OF IDENTIFYING POTENTIAL CONFLICTS. WITH MAJOR VENDORS AND SERVICE PROVIDERS THE ORGANIZATION CONSDERS ASKING EACH TO DISCLOSE ANY RELATIONSHIP (PERSONAL, FINANCIAL OR OTHERWISE) THE VENDOR OR SERVICE PROVIDER HAS OR MAY HAVE WITH ANY OF THE DIR…

FORM 990, PART VI, SECTION C, LINE 19

THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.

FORM 990, PART VI, SECTION A, LINE 8B

THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD

Mission

CHANGING LIVES BY INSPIRING AND EMPOWERING DISABLED AND UNDERSERVED COMMUNITIES, U.S. VETERANS AND OTHER THROUGH RECREATIONAL, EDUCATIONAL AND HEALING PROGRAMS THAT MOTIVATE AND ENGAGE PARTICIPANTS IN THE SPORT OF SAILING. PROVIDING OPPORTUNITIES FOR PERSONAL DEVELOPMENT, MENTORSHIP, GLOBAL COMRADERY, TEAM BUILDING AND ENVIRONMENTAL AWARENESS.

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 (18 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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