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Team Paradise Sailing Inc

Team Paradise

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Recreation, Sports, Leisure, Athletics / Swimming, Water Recreation (NTEE)

Donations to this organization are tax deductible.

Details

According to its May 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$245k (2024)

Expenses
$203k (2024)

Total Assets
$97.7k (2024)

Total Liabilities
$7.25k (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending May
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$245,488
Expenses
$202,733
Net Income
$42,755
Net Assets
$90,464
Notable Sources of Revenue Percent of Total Revenue
Contributions $128,294
52.3%
Program Services $117,053
47.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $141
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $36,000
17.8%
Professional Fundraising Fees $0
Other Salaries and Wages $36,000
17.8%
Assets/Debt
Total Assets $97,715
Total Liabilities $7,251
Net Assets $90,464
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Susan Liljedahl (Executive Director) $39,500 $0 $0
Edward Benitez (Director) $0 $0 $0
Peter Foley (Director) $0 $0 $0
Janice Bartleson (Director) $0 $0 $0
Peter Commette (Director) $0 $0 $0
Joseph Chinn (Director) $0 $0 $0
Michael Bracken (Director) $0 $0 $0
John J Schoendorf (Treasurer) $0 $0 $0
Moises Alfonso (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending May
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$155,635
Expenses
$166,428
Net Income
-$10,793
Net Assets
$47,709
Notable Sources of Revenue Percent of Total Revenue
Contributions $54,483
35.0%
Program Services $100,466
64.6%
Investment Income $686
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $36,000
21.6%
Professional Fundraising Fees $0
Other Salaries and Wages $36,700
22.1%
Assets/Debt
Total Assets $51,072
Total Liabilities $3,363
Net Assets $47,709
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Magnus Liljedahl (Executive Director) $36,000 $0 $0
Edward Benitez (Director) $0 $0 $0
Peter Foley (Director) $0 $0 $0
Janice Bartleson (Director) $0 $0 $0
Peter Commette (Director) $0 $0 $0
Joseph Chinn (Director) $0 $0 $0
Michael Bracken (Director) $0 $0 $0
John J Schoendorf (Chairman/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$134,376
Expenses
$163,092
Net Income
-$28,716
Net Assets
$58,502
Notable Sources of Revenue Percent of Total Revenue
Contributions $77,255
57.5%
Program Services $58,039
43.2%
Investment Income $1,037
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,955
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,000
20.2%
Professional Fundraising Fees $0
Other Salaries and Wages $33,000
20.2%
Assets/Debt
Total Assets $71,985
Total Liabilities $13,483
Net Assets $58,502
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Magnus Liljedahl (Executive Director) $33,000 $0 $0
Edward Benitez (Director) $0 $0 $0
Peter Foley (Director) $0 $0 $0
Janice Bartleson (Director) $0 $0 $0
Peter Commette (Director) $0 $0 $0
Joseph Chinn (Director) $0 $0 $0
Michael Bracken (Director) $0 $0 $0
Marcos Neukirchner (Director) $0 $0 $0
John J Schoendorf (Chairman/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$221,609
Expenses
$150,816
Net Income
$70,793
Net Assets
$87,218
Notable Sources of Revenue Percent of Total Revenue
Contributions $130,776
59.0%
Program Services $89,765
40.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,068
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
19.9%
Professional Fundraising Fees $0
Other Salaries and Wages $30,000
19.9%
Assets/Debt
Total Assets $127,404
Total Liabilities $40,186
Net Assets $87,218
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Magnus Liljedah (Executive Director) $30,000 $0 $0
Edward Benitez (Director) $0 $0 $0
Peter Foley (Director) $0 $0 $0
Janice Bartleson (Director) $0 $0 $0
Peter Commette (Director) $0 $0 $0
Joseph Chinn (Director) $0 $0 $0
Michael Bracken (Director) $0 $0 $0
Marcos Neukirchner (Director) $0 $0 $0
John J Schoendorf (Chairman/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$156,586
Expenses
$146,731
Net Income
$9,855
Net Assets
$16,425
Notable Sources of Revenue Percent of Total Revenue
Contributions $133,698
85.4%
Program Services $25,436
16.2%
Investment Income $501
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,049
Net Inventory Sales $0
Other Revenue $2,000
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
20.4%
Professional Fundraising Fees $0
Other Salaries and Wages $28,500
19.4%
Assets/Debt
Total Assets $67,858
Total Liabilities $51,433
Net Assets $16,425
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Magnus Liljedah (Executive Director) $30,000 $0 $0
Edward Benitez (Director) $0 $0 $0
Janice Bartleson (Director) $0 $0 $0
Marcos Neukirshner (Director) $0 $0 $0
Michael Bracken (Director) $0 $0 $0
Jonah Pruitt Iii (Chairperson) $0 $0 $0
John J Schoendorf (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$96,188
Expenses
$140,305
Net Income
-$44,117
Net Assets
$6,570
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,787
64.2%
Program Services $23,495
24.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,906
11.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
21.4%
Professional Fundraising Fees $0
Other Salaries and Wages $24,000
17.1%
Assets/Debt
Total Assets $53,301
Total Liabilities $46,731
Net Assets $6,570
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Magnus Liljedah (Executive Director) $30,000 $0 $0
Edward Benitez (Director) $0 $0 $0
Janice Bartleson (Director) $0 $0 $0
Marcos Neukirshner (Director) $0 $0 $0
Jonah Pruitt Iii (Chairperson) $0 $0 $0
William Mauk Jr (Vice Chairperson) $0 $0 $0
John J Schoendorf (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending May
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$139,974
Expenses
$156,009
Net Income
-$16,035
Net Assets
$50,687
Notable Sources of Revenue Percent of Total Revenue
Contributions $118,307
84.5%
Program Services $21,667
15.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
19.2%
Professional Fundraising Fees $0
Other Salaries and Wages $24,000
15.4%
Assets/Debt
Total Assets $82,376
Total Liabilities $31,689
Net Assets $50,687
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Magnus Liljedah (Executive Director) $30,000 $0 $0
Edward Benitez (Director) $0 $0 $0
Jonah Pruitt Iii (Chairperson) $0 $0 $0
William Mauk Jr (Vice Chairperson) $0 $0 $0
John J Schoendorf (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$122,612
Expenses
$150,453
Net Income
-$27,841
Net Assets
$66,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $107,071
87.3%
Program Services $16,572
13.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,031
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
19.9%
Professional Fundraising Fees $0
Other Salaries and Wages $16,000
10.6%
Assets/Debt
Total Assets $80,949
Total Liabilities $14,227
Net Assets $66,722
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Magnus Liljedah (Executive Director) $30,000 $0 $0
Mark Kamilar Esq (Vice President) $0 $0 $0
Jonah Pruitt Iii (Director) $0 $0 $0
William Mauk Jr (Past Chairman) $0 $0 $0
Don Patton (Director) $0 $0 $0
Edward Benitez (Director) $0 $0 $0
John H Schoendorf (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending May
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$98,260
Expenses
$92,681
Net Income
$5,579
Net Assets
$92,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,131
53.1%
Program Services $46,129
46.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $17,500
18.9%
Assets/Debt
Total Assets $94,563
Total Liabilities $2,108
Net Assets $92,455

Document Links

Fiscal Year Ending May
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$55,761
Expenses
$47,249
Net Income
$8,512
Net Assets
$11,556
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,761
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $11,556
Total Liabilities $0
Net Assets $11,556

Document Links

Fiscal Year Ending May
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$61,970
Expenses
$63,670
Net Income
-$1,700
Net Assets
$15,572
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,970
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $20,435
Total Liabilities $4,863
Net Assets $15,572

Document Links

Fiscal Year Ending May
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$24,011
Expenses
$54,697
Net Income
-$30,686
Net Assets
$17,272
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,011
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $22,135
Total Liabilities $4,863
Net Assets $17,272

Document Links

Fiscal Year Ending May
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$50,085
Expenses
$77,896
Net Income
-$27,811
Net Assets
$47,958
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $50,085
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $48,957
Total Liabilities $999
Net Assets $47,958

Document Links

Fiscal Year Ending May
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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