Totals
- Total revenue
- $357,374
- Total expenses
- $279,788
- Contributions and grants received
- $236,139
- Grants paid
- $0
- Program service revenue
- $58,219
- Investment income
- $63,016
- Other revenue
- $0
- Total assets, end of year
- $1,066,635
- Total liabilities, end of year
- $5,764
- Net assets or fund balances, end of year
- $1,060,871
- Program services expenses (Part IX)
- $247,387
- Management and general expenses
- $31,901
- Fundraising expenses
- $500
- Program service expenses (Part III)
- $247,387
Program services were 88.4% 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
$4,138
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$232,001
-
1g · Noncash contributions included above
$24,000
-
2f · All other program service revenue
total $58,219 · related or exempt $58,219 · unrelated business $0 · excluded $0
-
3 · Investment income
total -$9,959 · related or exempt -$9,959 · 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
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $72,975
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $72,975
-
7d · Net gain or loss
total $72,975 · related or exempt $72,975 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $58,400 · program services $28,800 · management and general $29,600 · fundraising $0
-
10 · Payroll taxes
total $4,468 · program services $2,203 · management and general $2,265
-
11b · Fees: legal
total $50 · program services $50
-
11c · Fees: accounting
total $1,550 · program services $1,550
-
11g · Fees: other
total $17,319 · program services $17,319
-
12 · Advertising and promotion
total $536 · management and general $36 · fundraising $500
-
16 · Occupancy
total $9,986 · program services $9,986
-
17 · Travel
total $1,304 · program services $1,304
-
19 · Conferences, conventions and meetings
total $6,973 · program services $6,973
-
23 · Insurance
total $4,566 · program services $4,566
-
24a · Other expenses: Property cost adjustment
total $118,717 · program services $118,717 · management and general $0 · fundraising $0
-
24b · Other expenses: Boat operating expenses
total $39,639 · program services $39,639 · management and general $0 · fundraising $0
-
24c · Other expenses: Automobile operating expenses
total $6,744 · program services $6,744 · management and general $0 · fundraising $0
-
24e · All other expenses
total $9,536 · program services $9,536
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $927 · end of year $9,657
-
2 · Savings and temporary cash investments
beginning of year $95,370 · end of year $232,149
-
10a · Land, buildings and equipment: cost or other basis
$709,300
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $780,073 · end of year $709,300
-
12 · Investments: other securities
beginning of year $115,741 · end of year $115,529
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $1,183
-
23 · Secured mortgages and notes payable
beginning of year $8,826 · end of year $4,581
-
27 · Net assets without donor restrictions
beginning of year $928,311 · end of year $1,006,297
-
28 · Net assets with donor restrictions
beginning of year $54,974 · end of year $54,574
Mission and programs · 2022
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
Expenses $247,387 · Revenue $58,219
As filed on the 2022 return.
Listed in Part VII
-
Stephanie T Webb
President
- Total calculated
- $0
- Hours/week
- 40
-
Milam Ross Webb
Treasurer
- Total calculated
- $0
- Hours/week
- 30
-
Richard C Lawrence
Vice President
- Total calculated
- $0
- Hours/week
- 6
-
Timothy J Stier
CFO
- Total calculated
- $0
- Hours/week
- 8
-
Carol Robinson
Director
- Total calculated
- $0
- Hours/week
- 15
-
Joel Andrews
Director
- Total calculated
- $0
- Hours/week
- 6
-
Peter D'Alessandro
Director
- Total calculated
- $0
- Hours/week
- 4
-
Dale Clark
Director
- Total calculated
- $0
- Hours/week
- 4
-
Kenneth Wolfe
Director
- Total calculated
- $0
- Hours/week
- 4
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
- 28 February 2023
- IRS schema version
- 2022v4.0
- Source object
- 202340559349300604
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