Totals
- Total revenue
- $280,572
- Total expenses
- $315,308
- Contributions and grants received
- $241,157
- Grants paid
- $43,136
- Program service revenue
- $7,250
- Investment income
- -$12,336
- Other revenue
- $44,501
- Total assets, end of year
- $629,963
- Total liabilities, end of year
- $160
- Net assets or fund balances, end of year
- $629,803
- Program services expenses (Part IX)
- $218,267
- Management and general expenses
- $59,604
- Fundraising expenses
- $37,437
- Program service expenses (Part III)
- $218,267
Program services were 69.2% 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.
-
1c · Fundraising events
$24,585
-
1f · All other contributions, gifts and grants
$216,572
-
2a · Program service revenue: EVENT FEES REVENUE
total $7,250 · related or exempt $7,250
-
3 · Investment income
total $11,165 · excluded $11,165
-
7a · Gross sales of assets other than inventory
securities $306,974
-
7b · Less cost or other basis and sales expenses
securities $330,475
-
7c · Gain or loss
securities -$23,501
-
7d · Net gain or loss
total -$23,501 · related or exempt -$23,501
-
8a · Fundraising events: gross income
$42,260
-
8a · Fundraising events: contributions included on line 1c
$24,585
-
8c · Net income from fundraising events
total $42,260 · excluded $29,425
-
11a · Other revenue: MISC. FUNDRAISING ACTIVITY
total $2,241 · excluded $2,241
-
11e · Other revenue, total
$2,241
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $43,136 · program services $43,136
-
7 · Other salaries and wages
total $52,126 · program services $26,063 · management and general $15,638 · fundraising $10,425
-
9 · Other employee benefits
total $1,811 · program services $906 · management and general $543 · fundraising $362
-
10 · Payroll taxes
total $5,260 · program services $2,630 · management and general $1,578 · fundraising $1,052
-
11b · Fees: legal
total $947 · management and general $947
-
11c · Fees: accounting
total $13,725 · management and general $13,725
-
11f · Fees: investment management
total $5,325 · management and general $5,325
-
11g · Fees: other
total $128,017 · program services $87,909 · management and general $14,510 · fundraising $25,598
-
12 · Advertising and promotion
total $2,679 · management and general $2,679
-
13 · Office expenses
total $2,753 · management and general $2,753
-
14 · Information technology
total $1,200 · management and general $1,200
-
17 · Travel
total $706 · management and general $706
-
22 · Depreciation, depletion and amortization
total $27,965 · program services $27,965
-
23 · Insurance
total $29,658 · program services $29,658
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $213,362 · end of year $186,151
-
2 · Savings and temporary cash investments
beginning of year $1,807
-
10a · Land, buildings and equipment: cost or other basis
$262,527
-
10b · Land, buildings and equipment: accumulated depreciation
$154,561
-
10c · Land, buildings and equipment, net
beginning of year $120,599 · end of year $107,966
-
12 · Investments: other securities
beginning of year $376,782 · end of year $335,846
-
14 · Intangible assets
beginning of year $208
-
17 · Accounts payable and accrued expenses
beginning of year $88 · end of year $160
-
31 · Retained earnings, endowment or other funds
beginning of year $712,670 · end of year $629,803
Mission and programs · 2022
Mission
TO FORSTER NATIONAL AND INTERNATIONAL AMATEUR COMPETITIVE SAILING OPPORTUNITIES FOR SAILORS WITH PHYSICAL DISABILITIES AND HELP THEM ACHIEVE THEIR INDIVIDUAL GOALS IN SAILING THROUGH WORLD-CLASS COACHING AND COMPETITION.
-
THE C. THOMAS CLAGETT, JR. MEMORIAL CLINIC AND REGATTA CHANGED ITS NAME TO CLAGETT SAILING IN 2022. CLAGETT SAILINGS CELEBRATED ITS 20TH ANNIVERSARY THIS YEAR. IN 2022, CLAGETT SAILING PRESENTED ITS FLEET RACING CLINIC AND REGATTA IN NEWPORT, RI; A MATCH RACING CLINIC AND REGATTA IN OYSTER BAY, NEW YORK, AND A FLEET RACING REGATTA IN TRED AVON, MARYLAND. OUR PROGRAMS HAVE GROWN TO ALSO INCLUDE THE CLAGETT BOAT GRANT PROGRAM TO MAKE BOATS AVAILABLE TO OUR SAILORS, AND TEAM CLAGETT TO ASSIST OUR SAILORS IN ATTENDING OTHER EVENTS, BOTH FOR SAILORS LIVING WITH DISABILITIES AND OPEN REGATTAS. WE WERE ABLE TO ASSIST MEMBERS OF OUR TEAM CLAGETT TO ATTEND THE 2022 2.4MR WORLD CHAMPIONSHIP HELD IN TAMPA FLORIDA AND WE WILL HELP IN SENDING SOME OF THE TEAM TO THE ALLIANZ SAILING WORLD CHAMPIONSHIP IN THE HAGUE, NETHERLANDS IN 2023. THE LARGEST FLEET RACING IN 2022 WAS THE 2.4MR CLASS WITH 20 BOATS. THEY HAD 10 RACES. IN THE DOUBLE HANDED MARTIN 16 CLASS THERE WERE SIX ENTRIES WITH 7 RACES. WE HAD 4 OUTSTANDING COACHES TO TEACH OUR 32 SAILORS.
Expenses $218,267 · Revenue $7,250
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Grace Elizabeth AdamGRACE ELIZABETH ADAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carol BarrowCAROL BARROW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roberta M BenjaminROBERTA M BENJAMIN
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
William CassidyWILLIAM CASSIDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Julia DorsettJULIA DORSETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Everhart-SkeelsSARAH EVERHART-SKEELS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Jack GrantJACK GRANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Daniel HatchDANIEL HATCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Matthew HillMATTHEW HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Elizabeth IsdaleELIZABETH ISDALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Bradley JohnsonBRADLEY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Bird JonesBIRD JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg KielyGREG KIELY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen LloydKAREN LLOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas McGueTHOMAS MCGUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Juliette McLennanJULIETTE MCLENNAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 25
-
Barbara OdegaardBARBARA ODEGAARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Andrew ParishANDREW PARISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Catherine PeacockCATHERINE PEACOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Spencer RaggioSPENCER RAGGIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles RosenfieldCHARLES ROSENFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vicky WisemanVICKY WISEMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
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
- 2022
- Filed
- 24 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332999349302013
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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