Minneapolis Sailing Center

Nonprofit profile at a glance

EIN
411713806
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Minneapolis, MN, USA
Phone
6124707245
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$809,115
Expenses
$779,112
Assets
$470,480
Liabilities
$98,396

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • TED SALZMAN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • TED SALZMAN (EXECUTIVE DIRECTOR): $86,213 total reported compensation
  • SUZANNA JACK (CHAIR ELECT): $371 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of minneapolis sailing center is to foster an inclusive, sustainable community and to teach sailing to all.

What it reported doing in 2025

Sailing classes and programming: minneapolis sailing center strives to make sailing available to everyone and offers a range of programming designed to support sailors wherever they are in their journey. Our goal is to reduce the barriers to sailing by offering affordable sailing lessons, scholarships, outreach events, and access to sailboats. Our programs inspire personal growth and development through adventure and learning. We provide experiences that build confidence and character in sailors of all ages, regardless of background. Sailing instills self reliance, courage, and cooperation - skills that help build leaders who are adept at navigating a challenging world.

Operating model

Revenue model
Other-operating. 88% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 94
  • Accountability: 86
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.3%; rating input score 89
  • Program expense ratio: 91.9%; rating input score 92
  • Fundraising efficiency: $6.42 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.7%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 11.1%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 10% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 89.3% of revenue deployed · 91.9% of spending went to programs
  • Governance: 12 of 12 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $716K in reported program spending
  • Leadership: top reported pay $86K · 13 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 22/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 41/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.