EIN: 23-7178929 · EXCELSIOR, MN · Data spans: TY2018–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.
$704,195
$764,484
$936,780
$932,870
42 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2024 · 990
Total compensation, benefits & payroll taxes (Part IX)
TY2024$366,604
Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.
~$9,000 per employee ⓘ — average across 42 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 $236,768. The remaining $129,836 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$23,658
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 $390,262.
Functional Expense Allocation (Part IX)
TY2024$764,484total functional expenses
72.3%
Program services
$552,502
25.3%
Management & general
$193,652
2.4%
Fundraising
$18,330
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 |
|---|---|---|---|---|---|---|
| TY2018 | Before 2020 | 990 | $397,239 | $355,413 | $41,826 | $950,584 |
| TY2019 | Before 2020 | 990 | $403,217 | $417,066 | -$13,849 | $958,920 |
| TY2020 | 2020–2021 | 990 | $339,111 | $454,518 | -$115,407 | $863,360 |
| TY2021 | 2020–2021 | 990 | $488,054 | $509,486 | -$21,432 | $855,295 |
| TY2022 | 2022+ | 990 | $480,912 | $526,319 | -$45,407 | $809,888 |
| TY2023 | 2022+ | 990 | $746,900 | $621,802 | $125,098 | $1,002,186 |
| TY2024 | 2022+ | 990 | $704,195 | $764,484 | -$60,289 | $932,870 |
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 |
|---|---|---|
| 12 | Total revenue | $704,195 |
| 1c | Fundraising events | $4,165 |
| 1f | All other contributions, gifts, grants | $29,935 |
| 1h | Total contributions and grants | $34,100 |
| 2a | SAILING TRAINING | $639,951 |
| 2f | Total program service revenue | $639,951 |
| 3 | Investment income | $19,152 |
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 | $1,002,186 | $936,780 |
| 26 | Total liabilities | $0 | $3,910 |
| 33 | Total net assets or fund balances | $1,002,186 | $932,870 |
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): 17
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 |
|---|---|---|---|
| HEATHER OLSON | DIRECTOR | 1 | Volunteer |
| HAYLEY HONTOS | DIRECTOR | 1 | Volunteer |
| TARA ENGEBRETSON | SECRETARY | 5 | Volunteer |
| KATE LAING | DIRECTOR | 1 | Volunteer |
| LAURA KOTTKE | DIRECTOR | 1 | Volunteer |
| MARK SIGEL | PRESIDENT | 5 | Volunteer |
| BETH BOWER | DIRECTOR | 1 | Volunteer |
| MIKE HANLEY | TREASURER | 1 | Volunteer |
| JASON OSTBYE | DIRECTOR | 1 | 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
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.
| Name | Title | Comp from Org |
|---|---|---|
| Jess Haverstock | Executive Director | $64,150 |
| Jess Haverstock | Executive Director | $55,254 |
| Ian Solum | Middle & High School Director | $51,165 |
| Annika Ekholm | Director of Operations | $41,199 |
| Jess Haverstock | Executive Director | $25,000 |
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.
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, PART VI, SECTION C, LINE 19
THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION B, LINE 15B
THE BOARD OF DIRECTORS HAS APPOINTED AN EXECUTIVE COMMITTEE TO ANNUALLY REVIEW THE ORGANIZATION'S TOP MANAGEMENT AND EMPLOYEE'S COMPENSATION USING COMPARABLE INFORMATION AT SIMILAR ORGANIZATIONS.
FORM 990, PART VI, SECTION B, LINE 11B
THE ORGANIZATION'S TREASURER OR EQUIVALENT OFFICER FIRST APPROVES A DRAFT OF FORM 990 BEFORE IT IS FORWARDED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR REVIEW AND APPROVAL.
Mission
TO ENHANCE THE MENTAL AND PHYSICAL SKILLS OF OUR STUDENTS WHILE IGNITING A LIFETIME PASSION FOR THE SPORT OF SAILING.
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.
Similar Organizations
Finding peer organizations…
Capacity Signals
Auto-detected patterns from this organization's own IRS filing history. Signals are relative to this org's trend only — not peer comparisons, not judgments.
Private clubs are naturally labor-heavy. Always interpret signals against this organization's own context before drawing conclusions.
Labor cost per employee rose with flat headcount
Average labor cost per employee rose 28% YoY (TY2023→TY2024) while headcount stayed flat and revenue grew less than 8%. This can reflect pay raises, benefit cost increases, or a shift toward higher-compensated roles.
Why it matters: Rising per-employee cost without corresponding revenue growth compresses operating margins and may reflect wage catch-up after a period of underpayment, or structural changes in benefits.
Operator question: Were raises given broadly across staff, or did the mix shift toward higher-compensated positions (e.g., new senior hire, benefits restructure)?
Labor's share of expenses declined over two years
Labor costs as a share of total expenses fell 11 percentage points over two years — from 59% (TY2022) to 48% (TY2024).
Why it matters: A gradual structural shift in cost mix — even if intentional — can reflect erosion of the org's staffing model or increasing reliance on outside labor.
Operator question: Was this shift intentional strategy, or did it happen by constraint?
Phase 2 signals (contractor substitution, benefits share changes) require Part IX line-level data and are not yet available. All computations use IRS-filed data only; no external benchmarks or CPI adjustments beyond a 3% per year inflation proxy.
📡 Filing Signals (16 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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