Nonprofit · EIN 41-1713806
MINNEAPOLIS SAILING CENTER
Tax-exempt · MINNEAPOLIS, MN 55419
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $809,115 | $779,112 | $30,003 | $470,480 | $98,396 | $372,084 |
| December 31, 2024 | 990 | $802,775 | $802,004 | $771 | $432,766 | $108,086 | $324,680 |
| December 31, 2023 | 990 | $714,984 | $722,378 | -$7,394 | $403,880 | $5,693 | $398,187 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $67,239
- Program service revenue
- $722,845
- Investment income
- $17,422
- Net gain from sales of assets
- $2,200
- Net income from fundraising events
- -$3,287
- Net income from sales of inventory
- $3,431
- Other revenue
- $1,609
Expenses
- Grants and similar amounts paid
- $13,544
- Compensation of officers, directors and key employees
- $86,583
- Other salaries and wages
- $388,302
- Salaries, compensation and benefits (total)
- $522,757
- Professional fundraising fees
- $0
- Accounting fees
- $13,506
- Occupancy
- $61,967
- Travel
- $3,160
- Depreciation
- $21,053
- Program services (functional)
- $715,808
- Management and general (functional)
- $52,835
- Fundraising (functional)
- $10,469
Balance sheet and other
- Total assets, start of year
- $432,766
- Total assets, end of year
- $470,480
- Total liabilities, end of year
- $98,396
- Net assets, end of year
- $372,084
- Land, buildings and equipment
- $104,114
- Publicly traded securities
- $100,553
- Net assets without donor restrictions
- $372,084
- Gross receipts
- $824,432
- Employees
- 69
- Volunteers
- 60
- Year formed
- 1898
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TED SALZMAN | EXECUTIVE DIRECTOR Officer | 40 | $86,213 |
| SUZANNA JACK | CHAIR ELECT Trustee or director, Officer | 2 | $371 |
| JOSEPH LEADLEY | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| NATE ELLSWORTH | TREASURER Trustee or director, Officer | 2 | $0 |
| THIBAUD CHOLAT | SECRETARY Trustee or director, Officer | 2 | $0 |
| FRITZ NELSON | BOARD MEMBER Trustee or director | 2 | $0 |
| KANDACE LOGAN | BOARD MEMBER Trustee or director | 2 | $0 |
| KATY BOYD | BOARD MEMBER Trustee or director | 2 | $0 |
| KEITH HOLLOMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| MARSHALL HALL | BOARD MEMBER Trustee or director | 2 | $0 |
| MIA KROHN | BOARD MEMBER Trustee or director | 2 | $0 |
| STEVE WOLDUM | BOARD MEMBER Trustee or director | 2 | $0 |
| ZACH PETERSON | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TED SALZMAN | EXECUTIVE DI Officer | 40 | $96,790 |
| JOSEPH LEADLEY | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| NATE ELLSWORTH | TREASURER Trustee or director, Officer | 2 | $0 |
| THIBAUD CHOLAT | SECRETARY Trustee or director, Officer | 2 | $0 |
| SUZANNA JACK | CHAIR ELECT Trustee or director, Officer | 2 | $0 |
| MARSHALL HALL | BOARD MEMBER Trustee or director | 2 | $0 |
| KEITH HOLLOMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| KATY BOYD | BOARD MEMBER Trustee or director | 2 | $0 |
| MIA KROHN | BOARD MEMBER Trustee or director | 2 | $0 |
| FRITZ NELSON | BOARD MEMBER Trustee or director | 2 | $0 |
| HEIDI NELSON | BOARD MEMBER Trustee or director | 2 | $0 |
| ZACH PETERSON | BOARD MEMBER Trustee or director | 2 | $0 |
| STEVE WOLDUM | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TED SALZMAN | EXECUTIVE DI Officer | 40 | $95,594 |
| MARSHALL HALL | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| NATE ELLSWORTH | TREASURER Trustee or director, Officer | 2 | $0 |
| THIBAUD CHOLAT | SECRETARY Trustee or director, Officer | 2 | $0 |
| JOSEPH LEADLY | CHAIR ELECT Trustee or director, Officer | 2 | $0 |
| KEITH HOLLOMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| SUZANNA JACK | BOARD MEMBER Trustee or director | 2 | $0 |
| MEGAN LENNON | BOARD MEMBER Trustee or director | 2 | $0 |
| HEIDI NELSON | BOARD MEMBER Trustee or director | 2 | $0 |
| TREY POOLE | BOARD MEMBER Trustee or director | 2 | $0 |
| JESSICA TOMLJANOVIC | BOARD MEMBER Trustee or director | 2 | $0 |
| KAMALI WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 |
| STEVE WOLDUM | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4420 COLFAX AVE S, MINNEAPOLIS, MN 55419-4735
- Principal officer (990 for 2025)
- TED SALZMAN, 4420 COLFAX AVE S, MINNEAPOLIS, MN 55419
- Signed the 990
- TED SALZMAN, EXECUTIVE DIRECTOR
- Phone
- (612) 470-7245
- Website
- WWW.SAILMPLS.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE MISSION OF MINNEAPOLIS SAILING CENTER IS TO FOSTER AN INCLUSIVE, SUSTAINABLE COMMUNITY AND TO TEACH SAILING TO ALL.
Program accomplishments
- 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.Expenses $715,808 · grants $13,544 · revenue $724,310
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1713806
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $470,480
- Income (IRS master file)
- $824,432
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $809,115 | $779,112 | $470,480 | XML |
| 990 | December 2024 | $802,775 | $802,004 | $432,766 | IRS |
| 990 | December 2023 | $714,984 | $722,378 | $403,880 | XML |
| 990 | December 2022 | $666,446 | $632,179 | $388,879 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1713806).
Questions about MINNEAPOLIS SAILING CENTER
- What is the EIN of MINNEAPOLIS SAILING CENTER?
- The employer identification number (EIN) of MINNEAPOLIS SAILING CENTER is 41-1713806.
- Is MINNEAPOLIS SAILING CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to MINNEAPOLIS SAILING CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNEAPOLIS SAILING CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNEAPOLIS SAILING CENTER due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNEAPOLIS SAILING CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MINNEAPOLIS SAILING CENTER?
- The 990 for the year ended December 31, 2025 names TED SALZMAN.
- Who are the officers and directors of MINNEAPOLIS SAILING CENTER?
- The 990 for the year ended December 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $86,213 (TED SALZMAN, EXECUTIVE DIRECTOR).
- How much revenue does MINNEAPOLIS SAILING CENTER have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $809,115, expenses of $779,112 and total assets of $470,480 at year end.
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