EIN: 23-7108958 · DES MOINES, WA · Data spans: TY2020–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.
$328,588
$292,028
$861,930
$839,370
0 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2024 · 990
Total compensation, benefits & payroll taxes (Part IX)
TY2024$0
Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.
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$2,005
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 $2,005.
Functional Expense Allocation (Part IX)
TY2024$292,028total functional expenses
92.7%
Program services
$270,688
7.3%
Management & general
$21,340
0.0%
Fundraising
$0
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 Year | Period | Form | Revenue | Expenses | Net Revenue | Net Assets |
|---|---|---|---|---|---|---|
| TY2020 | 2020–2021 | 990 | $270,311 | $258,311 | $12,000 | $766,822 |
| TY2021 | 2020–2021 | 990 | $272,255 | $272,717 | -$462 | $765,045 |
| TY2022 | 2022+ | 990 | $302,884 | $291,021 | $11,863 | $776,908 |
| TY2023 | 2022+ | 990 | $348,111 | $322,209 | $25,902 | $802,810 |
| TY2024 | 2022+ | 990 | $328,588 | $292,028 | $36,560 | $839,370 |
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.
| Line | Description | Amount |
|---|---|---|
| 11a | VEGABOND ADS | $845 |
| 11b | MISC | $4,109 |
| 12 | Total revenue | $328,588 |
| 1b | Membership dues | $166,574 |
| 1h | Total contributions and grants | $166,574 |
| 2a | FIRST MATES INCOME | $6,196 |
| 2b | MOORAGE | $119,818 |
| 2c | SOCIAL EVENT | $22,482 |
| 2f | Total program service revenue | $148,496 |
| 3 | Investment income | $1,170 |
| 6c | Net rental income or (loss) | $7,394 |
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| Line | Description | BOY | EOY |
|---|---|---|---|
| 16 | Total assets | $816,266 | $861,930 |
| 26 | Total liabilities | $13,456 | $22,560 |
| 33 | Total net assets or fund balances | $802,810 | $839,370 |
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): 56
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.
| Name | Title | Hours/Week | Status |
|---|---|---|---|
| DEBBIE MINNTI | COMMODORE | 15 | Volunteer |
| MIKE HAVERLY | TRUSTEE | 2 | Volunteer |
| COLTON LUTZ | TRUSTEE | 2 | Volunteer |
| DAN WAHLSTROM | REAR COMMODORE | 3 | Volunteer |
| CRAIG ENG | FLEET CAPTAIN | 3 | Volunteer |
| PEGGY CLAAR | VICE COMMODORE | 7 | Volunteer |
| CHUCK RIESS | MEMBERSHIP | 5 | Volunteer |
| KEN DRYDEN | TRUSTEE | 2 | Volunteer |
| BRAD NEIL | TREASURER | 8 | Volunteer |
| BRIAN WOOD | SECRETARY | 3 | Volunteer |
| TOM JOHNSON | TRUSTEE | 2 | Volunteer |
| DOUG SCOTT | TRUSTEE | 2 | Volunteer |
| RICHARD SWINGLER | TRUSTEE | 2 | Volunteer |
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
No individual compensation reported for this organization in the most recent filing.
This is the norm for volunteer-run sailing clubs. Part VII still exists in the filing — it simply shows $0 compensation for all listed officers and directors, meaning this club is led entirely by unpaid volunteers. When you see compensation appear here in other organizations, it marks a meaningful transition: the club has grown to the point where professional management was hired. The largest clubs in this corpus — those above $3M in revenue — are the most likely to have paid executive staff.
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.
Members or stockholder classes and rights Part VI line 6
THE ORGANIZATION HAS A MEMBERSHIP. THE CRITERIA FOR MEMBERSHIP INCLUDEOWNING A BOAT, ATTENDING AT LEAST TWO FUNCTIONS AT THE CLUB AND ONE OVERNIGHT CRUISE ON THEIR BOAT. THE NEW MEMBER IS SPONSORED BYAN EXISTING MEMBER AND IS VOTED UPON BY THE BOARD. THER E IS A NEWMEMBER FEE OF $500.
Governing body decisions Part VI line 7b
PER THE BYLAWS THE GOVERNING BODY HAS AUTHORITY TO REVISE RULES AND RGULATIONS OF THE CLUB AT ANY REGULAR OR SPECIAL BOARD MEETING WITH THE EXCEPTION OF RULES AND REGULATIONS RELATING TO DUES AND FINANCIAL OBLIGATIONS OF THE MEMBERSHIP. BYLAWS ARE AMENDED BY 2/3 VOTE OF THE MEMBERSHIP. NOTICE IS GIVEN TO THE MEMBERSHIP OF A CHANGE AND WILL NOT BE VOTED UPON UNTIL AFTER 10 DAYS BUT BEFORE 30 DAYS OF NOTIFICATION. OFFICERS AND TRUSTEES ARE ELECTED BY SECRET BALLOT BY THE ENTIRE MEMBERSHIP.
Form 990 governing body review Part VI line 11
THE TREASURER AND BOOKKEEPER REVIEW TAX RETURN WITH BOOKS OF ENTRY. DISCUSSION WITH TAX PREPARER BEFORE SIGNING.
Governing documents etc available to public Part VI line 19
FORM 990, PART VI, SECTION C, LINE 19: THE TREASURER IS THE KEEPER OF THE FINANCIAL INFORMATION. HE REPORTS EVERY MONTH TO THE BOARD AS WELL AS THE GENERAL MEMBERSHIP THE STATUS OF INCOME AND EXPENSES FOR THE MONTH AS WELL AS YEAR TO DATE. THE BOOKS ARE OPEN TO ANY MEMBER FOR REVIEW. THERE IS AN OUTSIDE BOOKKEEPER WHO RECONCILES THE BOOKS AND TENDS TO THE DAY TO DAY BOOKKEEPING NEEDS AND FINANCIAL REPORTING TO THE TREASURER.
Explanation of other changes in net assets or fund balances Part XI line 9
FUNDS SET ASIDE FOR CAPITAL IMPROVEMENTS
Mission
PROVIDE SERVICES AND EVENTS FOR MEMBERS WHO ENJOY BOATING AND YACHTING THROUGHOUT THE PUGET SOUND
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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