2020-05-29T14:58:23-05:00 2019-12-31 411397419 Abdo Eick & Meyers LLP 5201 Eden Avenue Suite 250 Edina MN 55436 990 2019-01-01 237178929 Lake Minnetonka Sailing School Inc LAKE 6127081779 19802 Minnetonka Blvd Excelsior MN 55331 Mark Sigel President 6127081779 2020-05-15 1 John N Abdo CPA P00073438 9528359090 2020-05-15 64.88.174.3 2020-05-15 12:30:31 CD P 2D455D8212CA940192286967A0B6A853908C3FB2 6879FA90983B70ADDDB937C09D2C9BB5FC8FDFFF 2019 2020-09-23 17:36:50Z Mark Sigel 19802 Minnetonka Blvd Excelsior MN 55331 413813 0 X www.lmss.us X 1972 MN Significantly enhance the mental and physical skills of our students while instilling a lifetime love of sailing and good sportsmanship. 12 12 27 15 0 0 26321 71176 301944 313411 28481 10820 40493 7810 397239 403217 0 4156 0 0 186060 227668 0 0 0 169353 185242 355413 417066 41826 -13849 950644 960970 60 2050 950584 958920 Significantly enhance the mental and physical skills of our students while instilling a lifetime love of sailing and good sportsmanship. 0 0 318378 4156 319902 To provide public and private adult and youth sailing instruction, education, programs, and competitions. 318378 1 1 0 0 0 0 0 0 0 0 1 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 0 0 1 2 0 1 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 MN X X Kate Judson 6127081779 19802 Minnetonka Blvd Excelsior MN 55331 Mark Sigel President 15.00 X X 0 0 0 Cindy Moen Vice President 15.00 X X 0 0 0 Dan Callinan Co-Treasurer 10.00 X X 0 0 0 Jon Carlson Co-Treasurer 10.00 X X 0 0 0 Betsy Barrett Director 10.00 X 0 0 0 Jason Ostbye Director 10.00 X 0 0 0 Matt VanWyk Director 10.00 X 0 0 0 Kate Laing Director 10.00 X 0 0 0 Natalie Sinn Director 10.00 X 0 0 0 Chris Jewett Director 10.00 X 0 0 0 Mike Hanley Director 10.00 X 0 0 0 Sam Rogers Director 10.00 X 0 0 0 Jess Haverstock Executive Director 40.00 X 55254 0 0 55254 0 0 0 0 0 0 0 28566 42610 71176 Sailing Training 713990 313411 313411 313411 10820 10820 11915 28566 10596 1319 1319 6491 0 6491 6491 403217 319902 0 12139 4156 4156 55254 41440 13814 157869 118401 39468 14545 10909 3636 11918 11918 6010 6010 7664 7664 19417 19417 48601 48601 17651 13238 4413 Boat and Training Expen 48236 48236 Regatta Expenses 20336 20336 Education and Developme 4131 4131 Dues and Memberships 1246 1246 32 20 12 417066 318378 98688 0 32657 36938 56914 56931 9904 956 4800 1462824 1131795 341784 331029 472333 519108 32252 16008 950644 960970 60 2050 60 2050 X 950584 958920 950584 958920 950644 960970 -13849 22185 0 X X 0 0 0 X 21657 31553 10311 26321 42610 132452 352943 330627 366231 358326 360383 1768510 374600 362180 376542 384647 402993 1900962 0 0 0 1900962 11618 11140 10860 12855 10820 57293 11618 11140 10860 12855 10820 57293 800 800 1600 387018 373320 387402 398302 413813 1959855 0.97000 0.94610 0.02920 0.05310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150000 150000 699798 630699 69099 613026 501096 111930 331029 Sails & Ales 40481 28566 11915 4443 3025 3128 40481 28566 11915 4443 3025 3128 10596 1319 Form 990, Part VI, Section B, line 11b The Organization's treasurer or equivalent first approves a draft of the Form 990 before it is forwarded to the Organization's board members for their review and approval. Form 990, Part VI, Section B, line 12c The board meets once a month and carries out a review of the financials and seeks to solve any human resource issues. Form 990, Part VI, Section B, line 15a 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 C, line 19 The Organization makes its governing documents and its conflict of interest policy available to the public upon request. Form 990, Part XII, Line 1 The Organization changed from valuing investments at FMV to cost.