2012-06-14T15:36:55-05:00 2011-12-31 410887288 BOULAY HEUTMAKER ZIBELL & CO PLLP 7500 FLYING CLOUD DRIVE 800 MINNEAPOLIS MN 55344 990 2011-01-01 411986402 WAYZATA SAILING FOUNDATION WAYZ 9524765875 PO BOX 768 WAYZATA MN 55391 ROSS SIEMERS 9524765875 2012-06-14 1 MARTIN L NERGAARD P00062696 9528939320 2011 2016-02-24 21:20:13Z WAYZATA COMMUNITY SAILING CENTER ROSS SIEMERS PO BOX 768 WAYZATA MN 55391 339597 0 X WWW.WAYZATASAILING.ORG X 2000 MN THE WAYZATA SAILING FOUNDATION'S PURPOSE IS PROMOTE SAILING FOR EVERYONE BY PROVIDING ACCESS, FACILITIES AND SAILING INSTRUCTIONS TO PEOPLE OF ALL BACKGROUNDS AND SKILL LEVELS. 10 10 17 75 0 0 83747 88444 214091 232812 14454 4137 0 6500 312292 331893 7255 11010 0 0 157184 165564 0 0 10586 308209 250294 472648 426868 -160356 -94975 2368955 2308948 743153 778121 1625802 1530827 X THE MISSION OF THE WAYZATA SAILING FOUNDATION IS TO INCREASE THE EDUCATION OF, UNDERSTANDING OF, AND APPRECIATION OF SAILING BOTH IN COMPETITIVE RACING AND RECREATIONAL CRUISING. THE FOUNDATION UNDERTAKES FUNDRAISING TO:SUPPORT PUBLIC SAILING CLINICS FOR STUDENTS IN THE LOCAL COMMUNITY. PROMOTE COMMUNITY YOUTH SAILING BY PROVIDING BOATS, ACCESSORIES AND INSTRUCTION IN AFFORDABLE CLASSES FOR STUDENTS WHO OTHERWISE WOULD NOT HAVE SUCH AN OPPORTUNITY. SUPPORT OTHER NON-PROFIT AND 501(C)3 ORGANIZATIONS THAT INTRODUCE AND FURTHER THE ENJOYMENT OF SAILING AND SAILBOAT RACING FOR YOUTH THROUGH EDUCATION. UNDERWRITE TRAINING, EDUCATION AND COMPETITION FOR NON-PROFIT YOUTH SAILING TEAMS. THE WAYZATA SAILING FOUNDATION DOES NOT, AND WILL NOT, DISCRIMINATE IN ANY MANNER WITH RESPECT TO RACE, CREED, NATIONAL OR CULTURAL ORIGIN, GENDER, OR SEXUAL PREFERENCE. 0 0 230871 11010 184827 SUMMER CAMPS WERE HELD FROM JUNE THROUGH AUGUST FOR CHILDREN AGES 5 TO 16 ALLOWING CHILDREN TO LEARN AND FINE TUNE THEIR SKILLS AS WELL AS PROMOTE FUN, SAFETY AND RESPONSIBILITY ON THE WATER. IN ADDITION, THE ORGANIZATION HOSTED SAILING SERIES WHERE TEAMS COMPETED AT THE VARIOUS METRO LAKES THOUGHOUT THE SUMMER. 39516 31635 THE ORGANZIATION HOSTED VARIOUS SPECIAL EVENTS THROUGHOUT THE YEAR RELATED TO SAILING ACTIVITIES INCLUDING SAILING CLINICS AND REGATTAS. 28541 22850 NON-PROGRAM SALES SUCH AS BOAT RACK RENTAL, T-SHIRT SALES AND SALES OF OTHER ITEMS RELATED TO SAILING. 298928 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 17 1 0 0 0 0 0 0 0 0 0 1 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 MN X BETH FOSTER 6127412313 3405 NORTHOME ROAD WAYZATA MN 55391 ROSS SIEMERS 3.00 X X 0 0 0 CHRIS FITTIPALDI 3.00 X X 0 0 0 ROBB HARRISS 3.00 X X 0 0 0 PATRICK MALONEY 3.00 X 0 0 0 DOUG SAUTER 3.00 X X 0 0 0 HOWARD NOREEN 3.00 X 0 0 0 ERNEST BRODY 3.00 X 0 0 0 HOLLAND CAPPER 40.00 X 70040 0 0 ED TOWEY 3.00 X 0 0 0 LEE VIRNIG 3.00 X 0 0 0 70040 0 0 0 0 0 0 0 350 88094 88444 TUITION AND FEES 713990 184827 184827 SPECIAL EVENTS 713990 31635 31635 16350 16350 232812 4931 4931 3260 3650 3345 4359 -85 -709 -794 -794 SLIPS & MOORING 900099 6500 6500 6500 331893 239312 0 4137 8731 8731 2279 2279 153736 49041 104695 11828 3773 8055 1363 1363 2480 1560 920 10331 9827 504 4880 3253 1627 9181 9181 69271 69271 48994 48300 694 15346 15346 PROPERTY TAX 30202 30202 BAD DEBT 18848 18848 BOAT EXPENSE 11877 11877 SPECIAL EVENT EXPENSE 10598 10598 16923 6841 10082 426868 298928 117354 10586 19018 21420 18637 0 2445954 274912 2214087 2171042 117213 116486 2368955 2308948 5656 24484 706803 702853 30694 50784 743153 778121 X 0 0 0 0 1625802 1530827 1625802 1530827 2368955 2308948 -94975 0 X 0 0 0 X 179019 186413 180978 271465 295312 1113187 179019 186413 180978 271465 295312 1113187 1113187 9147 7255 4392 5167 4931 30892 6311 19868 22108 26421 32445 107153 1251232 0.88970 0.89350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107571 9923 5565 111929 1.00000 0 0 1861167 1861167 260200 29123 231077 324587 245789 78798 2171042 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO HELP DEFRAY COSTS RELATED TO COLLEGE RACES AND PROVIDE SAILING SCHOLARSHIPS TO INDIVIDUALS. 1 X DOING BUSINESS AS FORM 990, PART I, ITEM C DBA: WAYZATA COMMUNITY SAILING CENTER DBA: WAYZATA SAILING SCHOOL FORM 990, PART VI, SECTION B, LINE 11 TREASURER AND PRESIDENT REVIEW THE RETURN AND TREASURER SIGNS FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY THROUGH REGULAR INQUIRIES MADE BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF KEY EMPLOYEES IS MADE BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS, CODE OF ETHICS, DIVERSITY STATEMENT, CONFLICTS OF INTEREST AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST ONLY.