Civic Intelligence

Fast Sailing Foundation Inc

990EZ • Fiscal year 2012 • EIN 05-0616046

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 09, 2013

Organization Profilewww.fastsailing.net
P O Box 340402840
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.04x

Higher debt load relative to assets than 69% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Net Margin

48th percentile

1.7%

Higher net margin than 48% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

40th percentile

-3.0%

Faster asset growth than 40% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

34th percentile

-9.7%

Faster revenue growth than 34% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$31,538

Down $970 (-3.0%) from 2011

Net Assets

Up

$30,214

Up $2,236 (+8.0%) from 2011

Liabilities

Down

$1,324

Down $3,206 (-71%) from 2011

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin48th percentile

Revenue

Down

$134,625

Down $14,465 (-9.7%) from 2011

Expenses

Down

$132,389

Down $34,936 (-21%) from 2011

Net Income

Up

$2,236

Up $20,471 (+112%) from 2011

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2010: $46,420Liabilities 2010: $207Net Assets 2010: $46,2132010Assets 2011: $32,508Liabilities 2011: $4,530Net Assets 2011: $27,9782011Assets 2012: $31,538Liabilities 2012: $1,324Net Assets 2012: $30,2142012Assets 2013: $21,635Liabilities 2013: $0Net Assets 2013: $21,6352013Assets 2014: $18,065Liabilities 2014: $0Net Assets 2014: $18,0652014

Highlighted filing

2012

Assets$31,538
Liabilities$1,324
Net Assets$30,214
Open 2012 Filing

Operations Trend

Revenue Growth34th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2010: $122,865Expenses 2010: $112,066Net Income 2010: $10,7992010Revenue 2011: $149,090Expenses 2011: $167,325Net Income 2011: -$18,2352011Revenue 2012: $134,625Expenses 2012: $132,389Net Income 2012: $2,2362012Revenue 2013: $113,724Expenses 2013: $122,303Net Income 2013: -$8,5792013Revenue 2014: $73,443Expenses 2014: $77,013Net Income 2014: -$3,5702014

Highlighted filing

2012

Revenue$134,625
Expenses$132,389
Net Income$2,236
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 9, 2013
Return Version
2012v2.0
Mission and Program Overview

Mission

FAST Sailing Foundation conducts training and instruction for young boys and girls in the sport of sailing. The training includes life lessons, including sportsmanship, leadership, good physical fitness, proper nutrition and skill development.

Filing and Contact Details

Filer

EIN
05-0616046
Raw XML Appendix213 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation70
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation80
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName0Heather Earl Gregg
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName1Denise MacGillivray
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName2James R Bryer
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName3Christopher Kachmar
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName4Lucia Marshall
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName5Robert Pemberton
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName6Gordon M Burnes
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName7Jonathan Pope
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName8Jeffrey Adam
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title0Director
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title1Secretary
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title3Treasurer
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IRS990EZ/OperatingSchool0false
IRS990EZ/Organization501c30X
IRS990EZ/OrganizationDissolvedEtc0false
IRS990EZ/OrganizationFiled990T0false
IRS990EZ/OrganizationHadUBI0false
IRS990EZ/OtherAssetsTotal/BOY021019
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IRS990EZ/OtherExpensesTotal0130529
IRS990EZ/PartVIAHghstPaidCntrctProfSer0NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl0NONE
IRS990EZ/PrimaryExemptPurpose0FAST Sailing Foundation conducts training and instruction for young boys and girls in the sport of sailing. The training includes life lessons, including sportsmanship, leadership, good physical fitness, proper nutrition and skill development.
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom0Coached and training for over 100 young boys and girls in 30 plus events throughout the United States plus international events in Canada and Bermuda.
IRS990EZ/ProgramServiceAccomplishment/GrantsAndAllocations0124200
IRS990EZ/ProgramServiceRevenue0129610
IRS990EZ/ProhibitedTaxShelterTrans0false
IRS990EZ/RelatedOrgControlledEntity0false
IRS990EZ/RelatedOrgSection527Org0false
IRS990EZ/ScheduleBNotRequired0X
IRS990EZ/SpecialEventsDirectExpenses00
IRS990EZ/SubjectToProxyTax0false
IRS990EZ/SumOfTotalLiabilities/BOY04530
IRS990EZ/SumOfTotalLiabilities/EOY01324
IRS990EZ/TanningServicesProvided0false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine10P O Box 3404
IRS990EZ/TheBooksAreInCareOf/AddressUS/City0Newport
IRS990EZ/TheBooksAreInCareOf/AddressUS/State0RI
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode002840
IRS990EZ/TheBooksAreInCareOf/NamePerson0Danielle McKenna
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber04018461993
IRS990EZ/TotalAssets/BOY032508
IRS990EZ/TotalAssets/EOY031538
IRS990EZ/TotalExpenses0132389
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IRS990EZ/TotalRevenue0134625
IRS990EZ/TransactionWithControlEntity0false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg0false
IRS990EZ/WebSite0www.fastsailing.net
IRS990ScheduleA/AmtsFromSubstContributors/Total00
IRS990ScheduleA/AmtsRecdFromDisqualPersons/Total00
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYear05010
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus1Year09741
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus2Years027790
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus4Years03500
IRS990ScheduleA/GiftsGrantsContribReceived509/Total046041
IRS990ScheduleA/GrossInvestmentIncome509/Total00
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYear0129610
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus1Year0139346
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus2Years094175
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus3Years0105561
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus4Years093562
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IRS990ScheduleA/OtherIncome509/Total00
IRS990ScheduleA/Post1975UBTI/Total00
IRS990ScheduleA/PriorYearSupportPercentage01.00000
IRS990ScheduleA/PubliclySupportedOrg509a20X
IRS990ScheduleA/PublicSupportPercentage50901.00000
IRS990ScheduleA/PublicSupportTotal5090608295
IRS990ScheduleA/TaxRevLeviedForOrgBenefit509/Total00
IRS990ScheduleA/ThirtyThreePercntTestsCY5090X
IRS990ScheduleA/Total509/CurrentTaxYear0134620
IRS990ScheduleA/Total509/CurrentTaxYearMinus1Year0149087
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IRS990ScheduleA/TotalSupportTotal/Total0608295
IRS990ScheduleA/ValueOfSvcsFcltsFurnishdByGovt/Total00
IRS990ScheduleO/GeneralExplanation/Explanation0Payroll Taxes Payable - Beginning $270 Payroll Taxes Payable - Ending $0
IRS990ScheduleO/GeneralExplanation/Explanation1Accounts Payable and Accrued Expenses - Beginning $4260 Accounts Payable and Accrued Expenses - Ending $1324
IRS990ScheduleO/GeneralExplanation/Explanation2Accounts Receivable - Beginning $473 Accounts Receivable - Ending $0
IRS990ScheduleO/GeneralExplanation/Explanation3Machinery and Equipment - Beginning $20546 Machinery and Equipment - Ending $13047
IRS990ScheduleO/GeneralExplanation/Explanation4Fuel $149
IRS990ScheduleO/GeneralExplanation/Explanation5Sailing Supplies $170
IRS990ScheduleO/GeneralExplanation/Explanation6Membership Dues $475
IRS990ScheduleO/GeneralExplanation/Explanation7Telephone $830
IRS990ScheduleO/GeneralExplanation/Explanation8Boat Repairs $3203
IRS990ScheduleO/GeneralExplanation/Explanation9Boat Charters $4575
IRS990ScheduleO/GeneralExplanation/Explanation10Coaching $78375
IRS990ScheduleO/GeneralExplanation/Explanation11Insurance $4132
IRS990ScheduleO/GeneralExplanation/Explanation12Depreciation $7499
IRS990ScheduleO/GeneralExplanation/Explanation13Travel $30431
IRS990ScheduleO/GeneralExplanation/Explanation14Office Expenses $690
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990-EZ, Part II, Line 26.1
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990-EZ, Part II, Line 26.1001
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990-EZ, Part II, Line 24.1005
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990-EZ, Part II, Line 24.1003
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990-EZ, Part I, Line 16.7
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990-EZ, Part I, Line 16.6
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990-EZ, Part I, Line 16.5
IRS990ScheduleO/GeneralExplanation/Identifier7Form 990-EZ, Part I, Line 16.4
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IRS990ScheduleO/GeneralExplanation/ReturnReference5Other Expenses.6
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0050616046
ReturnHeader/Filer/Name/BusinessNameLine10Fast Sailing Foundation Inc
ReturnHeader/Filer/NameControl0FAST
ReturnHeader/Filer/USAddress/AddressLine10P O Box 3404
ReturnHeader/Filer/USAddress/City0Newport
ReturnHeader/Filer/USAddress/State0RI
ReturnHeader/Filer/USAddress/ZIPCode002840
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02013-11-09
ReturnHeader/Officer/Name0Christopher Kachmar
ReturnHeader/Officer/Title0Treasurer
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10Adam Financial LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10360 Thames St Unit 4B
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0Newport
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0RI
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode002840
ReturnHeader/Preparer/Name0Jeffrey C Adam CPA
ReturnHeader/Preparer/Phone04018461993
ReturnHeader/ReturnType0990EZ
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-11-10T07:20:16-08:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$31,538
Liabilities
$1,324
Net assets
$30,214
Revenue
$134,625
Expenses
$132,389
Net income
$2,236
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.73$0.77$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$1.14$1.22$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.01$0.30$1.35$1.32$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.05$0.28$1.49$1.67$0.18
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.00$0.46$1.23$1.12$0.11