Okoboji Yacht Club Sailing School Inc 082897

Milford, IA
Tax-exempt since Oct. 1998
EIN: 42-1467238

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Type of Nonprofit

Designated as a 501(c)(3) 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: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Operated a school

Organization is a school. Details are reported on Schedule E.

Revenue

$530k (2023)

Expenses

$502k (2023)

Total Assets

$5.8M (2023)

Total Liabilities

$302k (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Dec.
2023

Revenue

$529,655

Expenses

$502,054

Net Income

$27,601

Net Assets

$5,497,002

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$91,011	17.2%
Program Services	$96,140	18.2%
Investment Income	$52,563	9.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$254,317	48.0%
Net Fundraising	$0
Sales of Assets	$35,082	6.6%
Net Inventory Sales	$542	0.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$113,004	22.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,602	7.7%

Assets/Debt
Total Assets	$5,798,798
Total Liabilities	$301,796
Net Assets	$5,497,002

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Bradley D Farrar (Executive Director)	$50,000	$0	$0
Christine Thoreson (Program Director)	$40,000	$0	$0
Steve Powers (Director/Instructor)	$18,000	$0	$0
Max Homes (Director)	$5,004	$0	$0
Board Of Directors (See Schedule O)	$0	$0	$0

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990

Filed on May 31, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$654,232

Expenses

$484,389

Net Income

$169,843

Net Assets

$5,215,196

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$268,960	41.1%
Program Services	$71,171	10.9%
Investment Income	$65,299	10.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$230,160	35.2%
Net Fundraising	$0
Sales of Assets	$18,312	2.8%
Net Inventory Sales	$330	0.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$76,950	15.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$64,296	13.3%

Assets/Debt
Total Assets	$5,767,799
Total Liabilities	$552,603
Net Assets	$5,215,196

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Bradley D Farrar (Executive Director)	$48,077	$0	$0
Steve Powers (Director/Instructor)	$18,000	$0	$0
Board Of Directors (See Schedule O)	$0	$0	$0

990

Filed on Aug. 29, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$1,646,091

Expenses

$472,354

Net Income

$1,173,737

Net Assets

$5,511,980

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,072,607	65.2%
Program Services	$60,855	3.7%
Investment Income	$51,880	3.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$229,678	14.0%
Net Fundraising	$0
Sales of Assets	$172,180	10.5%
Net Inventory Sales	$0
Other Revenue	$58,891	3.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$62,077	13.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$64,002	13.5%

Assets/Debt
Total Assets	$6,573,083
Total Liabilities	$1,061,103
Net Assets	$5,511,980

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Bradley D Farrar (Executive Director)	$48,077	$0	$0
Steve Powers (Director/Instructor)	$14,000	$0	$0
Board Of Directors (See Schedule O)	$0	$0	$0

990

Filed on May 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$386,353

Expenses

$362,619

Net Income

$23,734

Net Assets

$4,152,304

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$47,375	12.3%
Program Services	$34,757	9.0%
Investment Income	$46,151	11.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$214,108	55.4%
Net Fundraising	$0
Sales of Assets	$37,156	9.6%
Net Inventory Sales	$294	0.1%
Other Revenue	$6,512	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$43,173	11.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$49,006	13.5%

Assets/Debt
Total Assets	$5,229,863
Total Liabilities	$1,077,559
Net Assets	$4,152,304

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Bradley D Farrar (Executive Director)	$43,173	$0	$0
Board Of Directors (See Schedule O)	$0	$0	$0

990

Filed on May 17, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$378,828

Expenses

$424,366

Net Income

-$45,538

Net Assets

$3,927,194

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$53,920	14.2%
Program Services	$61,440	16.2%
Investment Income	$56,250	14.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$194,718	51.4%
Net Fundraising	$0
Sales of Assets	$11,895	3.1%
Net Inventory Sales	-$395
Other Revenue	$1,000	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$117,889	27.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$28,542	6.7%

Assets/Debt
Total Assets	$4,960,234
Total Liabilities	$1,033,040
Net Assets	$3,927,194

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$406,378

Expenses

$411,207

Net Income

-$4,829

Net Assets

$3,640,957

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$34,564	8.5%
Program Services	$63,690	15.7%
Investment Income	$47,985	11.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$202,162	49.7%
Net Fundraising	$0
Sales of Assets	$56,467	13.9%
Net Inventory Sales	$1,225	0.3%
Other Revenue	$285	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$60,635	14.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$73,725	17.9%

Assets/Debt
Total Assets	$3,721,789
Total Liabilities	$80,832
Net Assets	$3,640,957

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$419,993

Expenses

$389,308

Net Income

$30,685

Net Assets

$3,921,688

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$36,005	8.6%
Program Services	$57,535	13.7%
Investment Income	$42,721	10.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$202,207	48.1%
Net Fundraising	$0
Sales of Assets	$81,043	19.3%
Net Inventory Sales	$389	0.1%
Other Revenue	$93	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$59,057	15.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,214	16.8%

Assets/Debt
Total Assets	$3,951,228
Total Liabilities	$29,540
Net Assets	$3,921,688

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$503,874

Expenses

$388,341

Net Income

$115,533

Net Assets

$3,673,354

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$39,950	7.9%
Program Services	$54,320	10.8%
Investment Income	$46,641	9.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$187,111	37.1%
Net Fundraising	$0
Sales of Assets	$175,750	34.9%
Net Inventory Sales	$102	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$56,577	14.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$55,390	14.3%

Assets/Debt
Total Assets	$3,702,746
Total Liabilities	$29,392
Net Assets	$3,673,354

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$400,052

Expenses

$376,642

Net Income

$23,410

Net Assets

$3,562,972

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$37,495	9.4%
Program Services	$61,389	15.3%
Investment Income	$40,734	10.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$193,140	48.3%
Net Fundraising	$0
Sales of Assets	$67,070	16.8%
Net Inventory Sales	$224	0.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$53,692	14.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$49,868	13.2%

Assets/Debt
Total Assets	$3,604,157
Total Liabilities	$41,185
Net Assets	$3,562,972

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$320,733

Expenses

$371,543

Net Income

-$50,810

Net Assets

$3,737,604

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$29,750	9.3%
Program Services	$56,234	17.5%
Investment Income	$38,353	12.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$180,454	56.3%
Net Fundraising	$0
Sales of Assets	$15,351	4.8%
Net Inventory Sales	$591	0.2%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$51,154	13.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$48,252	13.0%

Assets/Debt
Total Assets	$3,784,496
Total Liabilities	$46,892
Net Assets	$3,737,604

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$439,211

Expenses

$346,128

Net Income

$93,083

Net Assets

$3,779,059

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$66,575	15.2%
Program Services	$55,682	12.7%
Investment Income	$33,541	7.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$183,931	41.9%
Net Fundraising	$0
Sales of Assets	$98,358	22.4%
Net Inventory Sales	$469	0.1%
Other Revenue	$655	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$48,750	14.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$43,812	12.7%

Assets/Debt
Total Assets	$3,819,849
Total Liabilities	$40,790
Net Assets	$3,779,059

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$306,603

Expenses

$338,452

Net Income

-$31,849

Net Assets

$3,471,571

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$49,700	16.2%
Program Services	$51,288	16.7%
Investment Income	$36,929	12.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$164,965	53.8%
Net Fundraising	$0
Sales of Assets	$3,721	1.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$77,977	23.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,198	0.9%

Assets/Debt
Total Assets	$3,527,896
Total Liabilities	$56,325
Net Assets	$3,471,571

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$378,662

Expenses

$313,030

Net Income

$65,632

Net Assets

$3,349,801

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$68,570	18.1%
Program Services	$49,947	13.2%
Investment Income	$29,476	7.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$190,424	50.3%
Net Fundraising	$0
Sales of Assets	$39,321	10.4%
Net Inventory Sales	$0
Other Revenue	$924	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$42,019	13.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$31,502	10.1%

Assets/Debt
Total Assets	$3,389,089
Total Liabilities	$39,288
Net Assets	$3,349,801

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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.

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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

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Updated December 20, 2024

Okoboji Yacht Club Sailing School Inc 082897

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $530k (2023)

Expenses $502k (2023)

Total Assets $5.8M (2023)

Total Liabilities $302k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2018

Extracted Financial Data

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Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$530k (2023)

Expenses

$502k (2023)

Total Assets

$5.8M (2023)

Total Liabilities

$302k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

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2020

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2015

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2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

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2011

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2010

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2009

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