Totals
- Total revenue
- $356,041
- Total expenses
- $269,165
- Contributions and grants received
- $221,134
- Grants paid
- $39,000
- Program service revenue
- $130,556
- Investment income
- $2,798
- Other revenue
- $1,553
- Total assets, end of year
- $409,336
- Total liabilities, end of year
- $18,741
- Net assets or fund balances, end of year
- $390,595
- Program services expenses (Part IX)
- $208,757
- Management and general expenses
- $60,408
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $208,757
Program services were 77.6% 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
$221,134
-
2a · Program service revenue: SEMINAR FEES
total $92,894 · related or exempt $92,894
-
2b · Program service revenue: IN-KIND DONATIONS
total $37,038 · related or exempt $37,038
-
2c · Program service revenue: SPECIAL EVENTS
total $624 · related or exempt $624
-
3 · Investment income
total $2,798 · excluded $2,798
-
11a · Other revenue: OTHER RELATED
total $1,553 · related or exempt $1,553
-
11e · Other revenue, total
$1,553
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $39,000 · program services $39,000
-
11c · Fees: accounting
total $23,200 · management and general $23,200
-
11g · Fees: other
total $23,572 · program services $23,572
-
12 · Advertising and promotion
total $1,000 · program services $1,000
-
13 · Office expenses
total $41,825 · program services $28,560 · management and general $13,265
-
22 · Depreciation, depletion and amortization
total $5,108 · program services $5,108
-
23 · Insurance
total $14,841 · management and general $14,841
-
24a · Other expenses: SAFTEY AT SEA
total $53,472 · program services $53,472
-
24b · Other expenses: REGATTA
total $42,487 · program services $42,487
-
24c · Other expenses: WEBSITE
total $9,061 · program services $8,970 · management and general $91
-
24d · Other expenses: OTHER
total $7,430 · program services $6,588 · management and general $842
-
24e · All other expenses
total $8,169 · management and general $8,169
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $133,099 · end of year $121,998
-
2 · Savings and temporary cash investments
beginning of year $57,401 · end of year $143,973
-
3 · Pledges and grants receivable
beginning of year $4,000 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$80,682
-
10b · Land, buildings and equipment: accumulated depreciation
$36,339
-
10c · Land, buildings and equipment, net
beginning of year $49,450 · end of year $44,343
-
11 · Investments: publicly traded securities
beginning of year $75,741 · end of year $78,502
-
15 · Other assets
beginning of year $20,520 · end of year $20,520
-
17 · Accounts payable and accrued expenses
beginning of year $13,253 · end of year $13,616
-
19 · Deferred revenue
beginning of year $26,000 · end of year $5,125
-
27 · Net assets without donor restrictions
beginning of year $299,458 · end of year $390,595
-
28 · Net assets with donor restrictions
beginning of year $1,500 · end of year $0
Mission and programs · 2022
Mission
THE FOUNDATION SEEKS TO EFFECT, PROMOTE AND ENHANCE THE EDUCATION OF YOUNG SAILORS IN SAFETY AT SEA, SAFE BOAT HANDLING IN ALL CONDITIONS, AND SAFE BLUE WATER RACING AND PASSAGE MAKING THROUGH SEMINARS, REGATTAS, ON WATER TRAINING, AND THROUGH GRANTS.
Activities or mission (Part I)
THE FOUNDATION SEEKS TO EFFECT, PROMOTE AND ENHANCE THE EDUCATION OF YOUNG SAILERS IN SAFTEY AT SEA, SAFE BOAT HANDLING IN ALL CONDITIONS, AND SAFE BLUE WATER RACING AND PASSAGE MAKING THROUGH SEMINARS, REGATTAS, ON WATER TRAINING, AND THROUGH GRANTS.
-
SAFETY AT SEA SEMINARS
Expenses $77,988 · Revenue $95,615
-
INTERCOLLEGIATE REGATTA
Expenses $87,466 · Revenue $34,317
-
GRANTS & OTHER
Expenses $43,303 · Grants $39,000
-
OTHER
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John FisherJOHN FISHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
John BrowningJOHN BROWNING
SECRETARY TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Richard Du MoulinRICHARD DU MOULIN
PRESIDENT/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Lars ForsbergLARS FORSBERG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Ed CesareED CESARE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Aj Evans Aj EvansAJ EVANS AJ EVANS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Gary JobsonGARY JOBSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
David AskewDAVID ASKEW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Mike ToppaMIKE TOPPA
TRUSTEE
- 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
-
DONATION
-
HUDSON RIVER COMMUNITY SAILING
$5,000
DONATION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
C7 · SOCIAL CLUB · NY
Directly controlled by NO
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 4 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301259349301015
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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