Civic Intelligence

Fast Sailing Foundation Inc

990EZ • Fiscal year 2014 • EIN 05-0616046

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

P O Box 3404Newport, RI 02840

(978) 670-4437

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.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

30th percentile

-4.9%

Higher net margin than 30% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

23rd percentile

-17%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

13th percentile

-35%

Faster revenue growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$18,065

Down $3,570 (-17%) from 2013

Net Assets

Down

$18,065

Down $3,570 (-17%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$73,443

Down $40,281 (-35%) from 2013

Expenses

Down

$77,013

Down $45,290 (-37%) from 2013

Net Income

Up

-$3,570

Up $5,009 (+58%) from 2013

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

2014

Assets$18,065
Liabilities$0
Net Assets$18,065

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

2014

Revenue$73,443
Expenses$77,013
Net Income-$3,570
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$73,443
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 25 young boys and girls in 20 plus events throughout the United States and international events.$77,013-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward HowardDirector-$0--
Jeffrey AdamDirector-$0--
Maryann LaundreauTreasurer-$0--
Gordon M BurnesDirector-$0--
Robert PembertonDirector-$0--
Meredith ShachoyPresident-$0--
Gretchen HibbenDirector-$0--
Jessica NathanDirector-$0--
Penn EdmondsDirector-$0--
Joshua GearDirector-$0--
Filing and Contact Details

Filer

Filer Name
Fast Sailing Foundation Inc
EIN
05-0616046
Phone
9786704437
Address
P O Box 3404, Newport, RI 02840

Signing Officer

Name
Meredith Shachoy
Title
President
Signed
2015-11-16
Discuss with paid preparer
Yes

Preparer

Firm
Adam Financial LLP
Address
41 Long Wharf Mall, Newport, RI 02840
Preparer
Jeffrey C Adam CPA
Phone
4018461993
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $361

Other Expenses.1005

Travel $18310

Other Expenses.1009

Depreciation $4649

Other Expenses.1012

Insurance $3976

Other Expenses.1

Coaching $32828

Other Expenses.2

Storage $7175

Other Expenses.3

Expense Reimbursements $3338

Other Expenses.4

Boat Repairs $2429

Other Expenses.5

Coaches Meals $1803

Other Expenses.6

Telephone $932

Other Expenses.7

Boat Charters $773

Other Expenses.8

Fuel $266

Other Expenses.9

Sailing Supplies $173

Other Assets.1003

Machinery and Equipment - Beginning $6748 Machinery and Equipment - Ending $2099

Other Assets.1005

Accounts Receivable - Beginning $1165 Accounts Receivable - Ending $764

Raw XML Appendix201 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/TitleTxt0Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt07913
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02863
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramServiceRevenueAmt072043
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/RelatedOrgSect527OrgInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $361
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $18310
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $4649
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $3976
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Coaching $32828
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Storage $7175
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Expense Reimbursements $3338
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Boat Repairs $2429
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Coaches Meals $1803
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Telephone $932
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Boat Charters $773
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Fuel $266
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Sailing Supplies $173
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Machinery and Equipment - Beginning $6748 Machinery and Equipment - Ending $2099
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Accounts Receivable - Beginning $1165 Accounts Receivable - Ending $764
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.8
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Other Assets.1005
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Meredith Shachoy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fast Sailing Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0FAST
ReturnHeader/Filer/EIN0050616046
ReturnHeader/Filer/PhoneNum09786704437
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 3404
ReturnHeader/Filer/USAddress/CityNm0Newport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Adam Financial LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt041 Long Wharf Mall
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Newport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002840
ReturnHeader/PreparerPersonGrp/PhoneNum04018461993
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey C Adam CPA
ReturnHeader/ReturnTs02015-11-16T14:07:20-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • <$500k nonprofits