Okoboji Yacht Club Sailing School Inc
Nonprofit profile at a glance
- EIN
- 421467238
- IRS 990 coverage
- 2020–2025
- Forms available
- Form 990 2025
- Location
- Milford, IA, USA
- Phone
- 7123370121
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $625,821
- Expenses
- $552,543
- Assets
- $6,082,382
- Liabilities
- $64,110
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- BRADLEY D FARRAR (EXECUTIVE DIRECTOR)
Highest reported compensation
- BRADLEY D FARRAR (EXECUTIVE DIRECTOR): $53,000 total reported compensation
- STEVEN POWERS (PROGRAM DIRECTOR): $22,880 total reported compensation
- KATHLEEN FLOOD (PROGRAM DIRECTOR): $21,840 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Okoboji yacht club saling school, inc's mission is to teach boating and other safe water procedures to individuals in the general area of lake okoboji, Iowa.
What it reported doing in 2025
All of the classes continue to be formatted around weeklong camps which allows us to keep our class schedules simple and flexible. For our learn-to-sail classes we offer a series of 8 one-week camps that are tailored to nurture our young sailors as they experience the thrill of sailing on lake okoboji.tiny puffs class - this class will introduce very young children to sailing. Several sailboats will be rigged on the oyc lawn for children to explore. Total enrollment number for the season came to 37.little puffs camps - designed for 6-8 year olds as an introduction to water and boating saftety. Fun, safety, and close supervision are the hallmarks of our little puffs camps. Total enrollment number for the season came to 112.beginners camps - these camps are for 8-12 year olds and will also focus on water and boating safety. Single-handed sailing skills will be developed. When appropriate, students in these camps will be divided into teaching groups based on experience level. Total enrollment number for the season came to 136.intermediate opti fundamentals - this camp is designed for students who have previously experienced little puffs or beginners classes and are ready to single hand an optimist. Total enrollment number for the season came to 27.performance sailing - this camp will introduce older, more experienced children to west lake okobiji as they sail to new destinations on the laser radial or the bic o'pen dinghies. Students select their desitnations after learning how to read weather forecasts, online maps, and charts. Total enrollment number for the season came to 29.adventure sailing - this unique program is based in exploration. It is a fun combination of sailing and science and how discovery in both fields can work together in a stem based program. Total enrollment number for the season came to 26. Other sailing courses: private lessons, art workshops, adult sailing, osc team development, crew u. Total enrollment number for the season came to 55.
Operating model
- Revenue model
- Other-operating. 60% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 72
- Sustainability: 64
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.5%; rating input score 81
- Program expense ratio: 66.9%; rating input score 67
- Fundraising efficiency: Limited
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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.8%; rating input score 96; 28th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Limited
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 11.7%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 11.01; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 18.9%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 6% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: -8.2% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 1% per year; rating input score 100; 19th percentile among comparable filings
Details
- Where the money goes: 80.5% of revenue deployed · 66.9% of spending went to programs
- Governance: 23 of 24 board members independent · 3 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $370K in reported program spending
- Leadership: top reported pay $53K · 5 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 6 filing years from 2020 to 2025
- Contacts: How to reach this organization
- Money network: 4 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.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 59/100.
- High — Sustainability: Officer compensation ratio scored 18/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.