Totals
- Total revenue
- $200,577
- Total expenses
- $260,377
- Contributions and grants received
- $139,098
- Grants paid
- $0
- Program service revenue
- $46,597
- Investment income
- $14,407
- Other revenue
- $475
- Total assets, end of year
- $1,117,385
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,117,385
- Program services expenses (Part IX)
- $248,458
- Management and general expenses
- $9,700
- Fundraising expenses
- $2,219
- Program service expenses (Part III)
- $248,458
Program services were 95.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$10,306
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$128,792
-
1g · Noncash contributions included above
$48,380
-
2f · All other program service revenue
total $46,597 · related or exempt $46,597 · unrelated business $0 · excluded $0
-
3 · Investment income
total $14,407 · related or exempt $14,407 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $41,814
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $41,814
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11d · All other revenue
total $475 · related or exempt $475 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$475
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $75,400 · program services $75,400 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $5,768 · program services $5,768 · management and general $0 · fundraising $0
-
11g · Fees: other
total $15,519 · program services $15,519 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $2,219 · program services $0 · management and general $0 · fundraising $2,219
-
16 · Occupancy
total $29,836 · program services $29,836 · management and general $0 · fundraising $0
-
17 · Travel
total $5,234 · program services $5,234 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,541 · program services $1,541 · management and general $0 · fundraising $0
-
23 · Insurance
total $14,097 · program services $12,650 · management and general $1,447 · fundraising $0
-
24a · Other expenses: Auto and boat operating
total $28,763 · program services $28,763 · management and general $0 · fundraising $0
-
24b · Other expenses: Property cost adjustment
total $69,027 · program services $69,027 · management and general $0 · fundraising $0
-
24c · Other expenses: Miscellaneous
total $12,973 · program services $4,720 · management and general $8,253 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,799 · end of year $5,453
-
2 · Savings and temporary cash investments
beginning of year $28,647 · end of year $20,839
-
10a · Land, buildings and equipment: cost or other basis
$773,761
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $828,068 · end of year $773,761
-
12 · Investments: other securities
beginning of year $307,312 · end of year $317,332
-
17 · Accounts payable and accrued expenses
beginning of year $3,951 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $690 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,177,185 · end of year $1,117,385
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
To provide safe boating instruction. Within the mission's umbrella, the center provides multiple experiential opportunities, which include, but are not limited to, a.) competive sailing (racing), b.) outreach & inclusion, c.) school year programming, d.) summer learn-to-sail opportunities, e.) high school & collegiate sailing, f.) leadership development, g.) powerboat instruction, and h.) limited adult programming that supports and benefits all minors' programs.
Activities or mission (Part I)
To provide safe boating instruction. The experiential opportunities include, but are not limited to, a.) competitive sailing, b.) outreach & inclusion, c.) summer, high school, & collegiate programs, d.) leadership development, e.) powerboat instruction, f.) limited adult programming.
-
All programs - See Part I, Line 1.
Expenses $248,458 · Revenue $46,597
As filed on the 2024 return.
Listed in Part VII
-
Elizabeth Reynolds
Program Manager
- Total calculated
- $41,600
- From this org
- $41,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Michael Burby
Operations Manager
- Total calculated
- $33,800
- From this org
- $33,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Joel Andrews
Director
- Total calculated
- $0
- Hours/week
- 5
-
Dale Clark
Director
- Total calculated
- $0
- Hours/week
- 10
-
Peter D'Alessandro
Director
- Total calculated
- $0
- Hours/week
- 15
-
Carol Robinson
Director
- Total calculated
- $0
- Hours/week
- 15
-
Amanda Sweeney
Director
- Total calculated
- $0
- Hours/week
- 8
-
Kenneth Wolfe
Director
- Total calculated
- $0
- Hours/week
- 5
-
Stephanie T Webb
President
- Total calculated
- $0
- Hours/week
- 30
-
Milam Ross Webb
Treasurer
- Total calculated
- $0
- Hours/week
- 40
-
Richard C Lawrence
Vice President
- Total calculated
- $0
- Hours/week
- 8
-
Timothy J Stier
CFO
- Total calculated
- $0
- Hours/week
- 8
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 February 2025
- IRS schema version
- 2024v5.0
- Source object
- 202510529349301646
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