Form 990 for tax year 2024

1b · Membership dues

$42,125

1e · Government grants (contributions)

$244,287

1f · All other contributions, gifts and grants

$37,690

2a · Program service revenue: SAILING PROGRAM

total $96,380 · related or exempt $96,380

3 · Investment income

total $7,227 · related or exempt $7,227

7a · Gross sales of assets other than inventory

other assets $15,700

7c · Gain or loss

other assets $15,700

7d · Net gain or loss

total $15,700 · related or exempt $15,700

8a · Fundraising events: gross income

$402,201

8b · Fundraising events: direct expenses

$99,697

8c · Net income from fundraising events

total $302,504

7 · Other salaries and wages

total $238,625 · program services $201,935 · management and general $36,690

9 · Other employee benefits

total $7,295 · program services $7,295

10 · Payroll taxes

total $16,896 · program services $8,448 · management and general $8,448

11c · Fees: accounting

total $11,170 · management and general $11,170

11g · Fees: other

total $20 · management and general $20

12 · Advertising and promotion

total $2,726 · program services $2,726

13 · Office expenses

total $41,196 · program services $38,785 · management and general $2,411

16 · Occupancy

total $20,381 · management and general $20,381

19 · Conferences, conventions and meetings

total $824 · program services $824

22 · Depreciation, depletion and amortization

total $108,600 · program services $108,600

23 · Insurance

total $25,762 · program services $18,734 · management and general $7,028

24a · Other expenses: SAILING PROGRAM

total $38,627 · program services $38,627

24b · Other expenses: UTILITIES EXPENSE

total $14,619 · management and general $14,619

24c · Other expenses: TELEPHONE EXPENSE

total $12,372 · program services $6,186 · management and general $6,186

24d · Other expenses: PRINTING AND PUBLICATIONS

total $10,853 · program services $10,853

24e · All other expenses

total $18,386 · program services $17,952 · management and general $434

1 · Cash, non-interest-bearing

beginning of year $301,709 · end of year $171,917

2 · Savings and temporary cash investments

end of year $163,040

3 · Pledges and grants receivable

end of year $74,112

9 · Prepaid expenses and deferred charges

end of year $17,088

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

$1,941,023

10b · Land, buildings and equipment: accumulated depreciation

$667,543

10c · Land, buildings and equipment, net

beginning of year $1,291,255 · end of year $1,273,480

11 · Investments: publicly traded securities

end of year $343

15 · Other assets

end of year $5,000

17 · Accounts payable and accrued expenses

end of year $10,001

24 · Unsecured notes and loans payable

beginning of year $697,654 · end of year $666,551

25 · Other liabilities

beginning of year $146,460 · end of year $143,097

31 · Retained earnings, endowment or other funds

beginning of year $748,850 · end of year $885,331