Civic Intelligence

Fast Sailing Foundation Inc

990EZ • Fiscal year 2013 • EIN 05-0616046

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 13, 2014

P O Box 3404Newport, RI 02840

(401) 846-1993

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

27th percentile

-7.5%

Higher net margin than 27% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

14th percentile

-31%

Faster asset growth than 14% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

26th percentile

-16%

Faster revenue growth than 26% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Down

$21,635

Down $9,903 (-31%) from 2012

Net Assets

Down

$21,635

Down $8,579 (-28%) from 2012

Liabilities

Down

$0

Down $1,324 (-100%) from 2012

Revenue

Down

$113,724

Down $20,901 (-16%) from 2012

Expenses

Down

$122,303

Down $10,086 (-7.6%) from 2012

Net Income

Down

-$8,579

Down $10,815 (-484%) from 2012

Historical Trend

Balance Sheet Trend

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

2013

Assets$21,635
Liabilities$0
Net Assets$21,635

Operations Trend

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

2013

Revenue$113,724
Expenses$122,303
Net Income-$8,579
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 13, 2014
Return Version
2013v3.1
Gross Receipts
$113,724
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.

Program Services

DescriptionGrantsExpenses
Coached and training for over 50 young boys and girls in 30 plus events throughout the United States plus international.$115,039-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward HowardDirector-$0--
Jeffrey AdamDirector-$0--
Gordon M BurnesDirector-$0--
Robert PembertonDirector-$0--
Lucia MarshallPresident-$0--
Meredith ShachoyDirector-$0--
Gretchen HibbenDirector-$0--
Heather Earl GreggDirectorPT$0--
Jessica NathanDirector-$0--
Penn EdmondsDirector-$0--
Joshua GearTreasurer-$0--
Filing and Contact Details

Filer

EIN
05-0616046

Signing Officer

Name
Joshua Gear
Title
Treasurer
Signed
2014-11-13
Discuss with paid preparer
Yes

Preparer

Preparer
Jeffrey C Adam CPA
Phone
4018461993
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $965

Other Expenses.1005

Travel $30519

Other Expenses.1009

Depreciation $6299

Other Expenses.1012

Insurance $6167

Other Expenses.1

Coaching $63805

Other Expenses.2

Boat Repairs $9294

Other Expenses.3

Boat Charters $3800

Other Expenses.4

Telephone $1113

Other Expenses.5

Fuel $226

Other Expenses.6

Sailing Supplies $115

Other Assets.1003

Machinery and Equipment - Beginning $13047 Machinery and Equipment - Ending $6748

Other Assets.1005

Accounts Receivable - Beginning $0 Accounts Receivable - Ending $1165

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $1324 Accounts Payable and Accrued Expenses - Ending $0

Raw XML Appendix200 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/OfficerDirectorTrusteeEmplGrp/PersonNm0Edward Howard
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Meredith Shachoy
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt013047
IRS990EZ/OtherAssetsTotalDetail/EOYAmt07913
IRS990EZ/OtherExpensesTotalAmt0122303
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramServiceRevenueAmt0109290
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0115039
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01324
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IRS990EZ/TotalProgramServiceExpensesAmt0115039
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.fastsailing.net
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt09741
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt046975
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0139346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt094175
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0105561
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0577982
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0624957
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $965
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $30519
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $6299
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $6167
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Coaching $63805
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Boat Repairs $9294
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Boat Charters $3800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Telephone $1113
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Fuel $226
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Sailing Supplies $115
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Machinery and Equipment - Beginning $13047 Machinery and Equipment - Ending $6748
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts Receivable - Beginning $0 Accounts Receivable - Ending $1165
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Accounts Payable and Accrued Expenses - Beginning $1324 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1001
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Joshua Gear
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10Fast Sailing Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0FAST
ReturnHeader/Filer/EIN0050616046
ReturnHeader/Filer/USAddress/AddressLine10P O Box 3404
ReturnHeader/Filer/USAddress/City0Newport
ReturnHeader/Filer/USAddress/State0RI
ReturnHeader/Filer/USAddress/ZIPCode002840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Adam Financial LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10360 Thames St Unit 4B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Newport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode002840
ReturnHeader/PreparerPersonGrp/PhoneNum04018461993
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey C Adam CPA
ReturnHeader/ReturnTs02014-11-14T06:12:36-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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Filings