Form 990 for tax year 2025

1b · Membership dues

$43,300

1e · Government grants (contributions)

$159,944

1f · All other contributions, gifts and grants

$1,500

1g · Noncash contributions included above

$24,256

2a · Program service revenue: SAILING PROGRAM

total $145,910 · related or exempt $145,910

3 · Investment income

total $6,468 · related or exempt $6,468

8a · Fundraising events: gross income

$381,661

8b · Fundraising events: direct expenses

$88,298

8c · Net income from fundraising events

total $293,363

7 · Other salaries and wages

total $276,759 · program services $238,209 · management and general $38,550

9 · Other employee benefits

total $10,827 · program services $10,827

10 · Payroll taxes

total $19,010 · program services $9,505 · management and general $9,505

11c · Fees: accounting

total $18,989 · management and general $18,989

11g · Fees: other

total $4,141 · program services $4,026 · management and general $115

12 · Advertising and promotion

total $9,326 · program services $9,326

13 · Office expenses

total $46,860 · program services $44,704 · management and general $2,156

16 · Occupancy

total $23,957 · management and general $23,957

19 · Conferences, conventions and meetings

total $402 · program services $402

22 · Depreciation, depletion and amortization

total $93,084 · program services $93,084

23 · Insurance

total $34,781 · program services $32,867 · management and general $1,914

24a · Other expenses: SAILING PROGRAM

total $43,757 · program services $43,757

24b · Other expenses: OTHER EXPENSES

total $29,976 · program services $29,976

24c · Other expenses: TELEPHONE EXPENSE

total $16,956 · program services $8,478 · management and general $8,478

24d · Other expenses: UTILITIES EXPENSE

total $14,070 · management and general $14,070

24e · All other expenses

total $23,207 · program services $22,937 · management and general $270

1 · Cash, non-interest-bearing

beginning of year $171,917 · end of year $163,779

2 · Savings and temporary cash investments

beginning of year $163,040 · end of year $169,392

3 · Pledges and grants receivable

beginning of year $74,112 · end of year $26,188

8 · Inventories for sale or use

end of year $22,448

9 · Prepaid expenses and deferred charges

beginning of year $17,088 · end of year $19,655

10a · Land, buildings and equipment: cost or other basis

$2,010,309

10b · Land, buildings and equipment: accumulated depreciation

$760,625

10c · Land, buildings and equipment, net

beginning of year $1,273,480 · end of year $1,249,684

11 · Investments: publicly traded securities

beginning of year $343 · end of year $440

15 · Other assets

beginning of year $5,000 · end of year $7,988

17 · Accounts payable and accrued expenses

beginning of year $10,001 · end of year $7,000

24 · Unsecured notes and loans payable

beginning of year $666,551 · end of year $682,505

25 · Other liabilities

beginning of year $143,097 · end of year $139,641

31 · Retained earnings, endowment or other funds

beginning of year $885,331 · end of year $830,428