Form 990 for tax year 2022
Filed by COLLEGIATE OFFSHORE SAILING CIRCUT INC.
Totals
- Total revenue
- $160,611
- Total expenses
- $318,754
- Contributions and grants received
- $95,050
- Grants paid
- $0
- Program service revenue
- $63,880
- Investment income
- $1,681
- Other revenue
- $0
- Total assets, end of year
- $559,366
- Total liabilities, end of year
- $252,262
- Net assets or fund balances, end of year
- $307,104
- Program services expenses (Part IX)
- $290,144
- Management and general expenses
- $28,610
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $290,144
Program services were 91.0% 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.
-
1f · All other contributions, gifts and grants
$95,050
-
2a · Program service revenue: Program Fees
total $63,880 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,681 · unrelated business $0 · excluded $1,681
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $6,729 · program services $6,729 · management and general $0 · fundraising $0
-
17 · Travel
total $652 · program services $652 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $126,199 · program services $126,199 · management and general $0 · fundraising $0
-
23 · Insurance
total $69,918 · program services $69,918 · management and general $0 · fundraising $0
-
24a · Other expenses: Maintenance
total $77,004 · program services $77,004 · management and general $0 · fundraising $0
-
24b · Other expenses: Program Expenses
total $9,642 · program services $9,642 · management and general $0 · fundraising $0
-
24c · Other expenses: Operating Expenses
total $3,734 · program services $0 · management and general $3,734 · fundraising $0
-
24d · Other expenses: Other Expenses
total $24,876 · program services $0 · management and general $24,876 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $57,613
-
2 · Savings and temporary cash investments
beginning of year $13,314 · end of year $68,932
-
4 · Accounts receivable
beginning of year $22,000 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$919,846
-
10b · Land, buildings and equipment: accumulated depreciation
$429,412
-
10c · Land, buildings and equipment, net
beginning of year $616,633 · end of year $490,434
-
17 · Accounts payable and accrued expenses
beginning of year $25,000 · end of year $77,262
-
25 · Other liabilities
beginning of year $175,000 · end of year $175,000
-
29 · Capital stock, trust principal or current funds
beginning of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $509,560 · end of year $307,104
Mission and programs · 2022
Mission
To educate sailors in the skills to cruise and race offshore
-
Skills development and Education in Sailing and Racing
Expenses $290,144 · Revenue $63,880
As filed on the 2022 return.
Listed in Part VII
-
Richard B Wilson
President / Trustee
- Total calculated
- $0
- Hours/week
- 30
-
Alan L Mckinnon JR
Treasurer
- Total calculated
- $0
- Hours/week
- 15
-
Stanley T F Schreyer
Secretary / Trustee
- Total calculated
- $0
- Hours/week
- 10
-
Edward R Cesare
Trustee
- Total calculated
- $0
- Hours/week
- 15
-
Peter Garcia
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
A Rives Potts JR
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brad Dellenbaugh
Trustee
- Total calculated
- $0
- Hours/week
- 1
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
- 3 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343089349300914
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