Totals
- Total revenue
- $1,208,609
- Total expenses
- $1,615,396
- Contributions and grants received
- $539,881
- Grants paid
- $0
- Program service revenue
- $676,370
- Investment income
- $0
- Other revenue
- -$7,642
- Total assets, end of year
- $748,891
- Total liabilities, end of year
- $1,038,073
- Net assets or fund balances, end of year
- -$289,182
- Program services expenses (Part IX)
- $667,694
- Management and general expenses
- $908,749
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $667,694
Program services were 41.3% 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.
-
1b · Membership dues
$425,610
-
1c · Fundraising events
$12,056
-
1e · Government grants (contributions)
$89,505
-
1f · All other contributions, gifts and grants
$12,710
-
2a · Program service revenue: SAILING AND BOATING
total $329,806 · related or exempt $329,806
-
2b · Program service revenue: JUNIOR SAILING AND CAMPS
total $216,421 · related or exempt $216,421
-
2c · Program service revenue: MOORINGS AND LICENSES
total $102,529 · related or exempt $102,529
-
2d · Program service revenue: COURT SPORTS
total $27,614 · related or exempt $27,614
-
8a · Fundraising events: contributions included on line 1c
$12,056
-
10a · Gross sales of inventory
$159,033
-
10b · Cost of goods sold
$166,675
-
10c · Net income from sales of inventory
total -$7,642 · related or exempt -$7,642
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $594,093 · program services $216,903 · management and general $377,190
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $90,102 · program services $32,896 · management and general $57,206
-
10 · Payroll taxes
total $71,347 · program services $26,044 · management and general $45,303
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $819 · management and general $819
-
11c · Fees: accounting
total $48,319 · management and general $48,319
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $12,306 · management and general $12,306
-
13 · Office expenses
total $109,363 · management and general $109,363
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $177,128 · management and general $177,128
-
17 · Travel
total $2,229 · management and general $2,229
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $15,023 · management and general $15,023
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $38,953
-
23 · Insurance
total $82,078 · program services $58,004 · management and general $24,074
-
24a · Other expenses: RACE AND BOAT EXPENSES
total $197,599 · program services $197,599
-
24b · Other expenses: COURT SPORTS
total $16,887 · program services $16,887
-
24c · Other expenses: CAMP AND YOUTH EXPENSES
total $103,915 · program services $103,915
-
24d · Other expenses: MOORINGS AND LOCKERS
total $15,446 · program services $15,446
-
24e · All other expenses
total $39,789 · management and general $39,789
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $269,689 · end of year $158,018
-
4 · Accounts receivable
beginning of year $88,759 · end of year $34,356
-
8 · Inventories for sale or use
beginning of year $11,536 · end of year $11,536
-
9 · Prepaid expenses and deferred charges
beginning of year $53,421 · end of year $18,431
-
10a · Land, buildings and equipment: cost or other basis
$1,807,006
-
10b · Land, buildings and equipment: accumulated depreciation
$1,280,456
-
10c · Land, buildings and equipment, net
beginning of year $561,386 · end of year $526,550
-
15 · Other assets
beginning of year -$825
-
17 · Accounts payable and accrued expenses
beginning of year $97,742 · end of year $20,711
-
19 · Deferred revenue
end of year $279,776
-
23 · Secured mortgages and notes payable
beginning of year $726,770 · end of year $700,035
-
25 · Other liabilities
end of year $37,551
-
31 · Retained earnings, endowment or other funds
beginning of year $159,454 · end of year -$289,182
Mission and programs · 2024
Mission
TO PROMOTE AND FOSTER THE SPORTS OF SAILING, YACHT RACING AND COURT SPORTS ON A LOCAL, NATIONAL, AND INTERNATIONAL LEVEL.
-
THE ANNUAL JUNIOR SAILING PROGRAM INCLUDES BOTH LESSONS ON THE WATER AND IN THE CLASSROOM. THIS PROGRAM HAS BEEN IN EXISTENCE SINCE 1967, AND HAS RESULTED IN THE DEVELOPMENT OF WORLD-CLASS SAILERS WHO HAVE WON AMATEUR AND PROFESSIONAL YACHT RACING REGATTAS THROUGHOUT THE WORLD. THIS PROGRAM SERVED OVER 80 YOUNG PERSONS DURING THE FISCAL YEAR ENDED AUGUST 31, 2025. THE HIGH SCHOOL SAILING PROGRAM WAS ESTABLISCHED TO DEVELOP A LOVE OF SAILING AND COMPETITION AMONG STUDENTS FROM 9TH THRU 12TH GRADES. THE STUDENTS ARE TAUGHT HOW TO SAIL TWO TYPES OF WATER CRAFT. THE GOAL OF THIS PROGRAM IS TO DEVELOP A TEAM THAT IS ABLE TO COMPETE ON A NATIONAL LEVEL.
Expenses $167,381 · Revenue $187,107
-
THE SUMMER CAMP PROGRAM PROVIDES A RECREATIONAL ENVIRONMENT FOR CHILDREN DURING THE SUMMER MONTHS. IN ADDITION TO SAILING AND YACHTING ACTIVITIES, THIS PROGRAM OFFERS TENNIS INSTRUCTION, GAMES AND ARTS AND CRAFTS, SAFETY AND ENJOYMENT ARE EMPHASIZED DURING THE FISCAL YEAR ENDED AUGUST 31, 2025. THE CAMP WAS FILLED TO CAPACITY WITH AN EXTENSIVE WAITING LIST, SERVING APPROXIMATELY 60 YOUNG PERSONS PER WEEK FOR SIX WEEKS.
Expenses $52,271 · Revenue $56,959
-
THE MOORINGS AND STORAGE LOCKERS ARE AN INTEGRAL PART OF THE FACILITIES REQUIRED TO OPERATE VARIOUS SAILING PROGRAMS. THESE PROGRAMS INCLUDE COMMUNITY OUTREACH, SPONSORSHIP OF TWO HIGH SCHOOL SAILING PROGRAMS, JUNIOR AND ADULT SAILING PROGRAMS, AND YOUTH SUMMER CAMP. WITHOUT THIS INFRASTRUCTURE WE WOULD NOT BE ABLE TO MEET OUR MISSION STATEMENT.
Expenses $64,066 · Revenue $102,529
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David BrowneDAVID BROWNE
GOVERNOR
- Total calculated
- $0
- Hours/week
- 2
-
Hollis JenkinsHOLLIS JENKINS
GOVERNOR
- Total calculated
- $0
- Hours/week
- 2
-
Stephen RiveraSTEPHEN RIVERA
GOVERNOR
- Total calculated
- $0
- Hours/week
- 2
-
Laura MartinLAURA MARTIN
GOVERNOR
- Total calculated
- $0
- Hours/week
- 2
-
Ken WaltersKEN WALTERS
GOVERNOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris BrewerCHRIS BREWER
GOVERNOR
- Total calculated
- $0
- Hours/week
- 2
-
Dennis IversonDENNIS IVERSON
GOVERNOR
- Total calculated
- $0
- Hours/week
- 2
-
Stephen RiveraSTEPHEN RIVERA
GOVERNOR
- Total calculated
- $0
- Hours/week
- 2
-
Christian RosenbergCHRISTIAN ROSENBERG
COMMODORE
- Total calculated
- $0
- Hours/week
- 4
-
Adrew JohnsonADREW JOHNSON
VICE COMMODORE
- Total calculated
- $0
- Hours/week
- 4
-
Benjamin P StewartBENJAMIN P STEWART
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Daniele NairnsDANIELE NAIRNS
SECRETARY
- 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
- 2024
- Filed
- 7 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202522809349300302
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