The Corinthian Association Inc

EIN 06-1271246 • 501(c)7 • Wilmington, DE

Profile

SAILING

1201 N Orange StreetWilmington, DE 19801-1186

www.thecorinthians.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

0.00x

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

501(c)7 • <$500k nonprofits • Source year 2023

0.00x

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

501(c)7 • <$500k nonprofits • Source year 2023

-8.1%

Higher net margin than 26% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2023

Higher top officer pay than 95% of similar nonprofits.

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

501(c)7 • <$500k nonprofits • Source year 2022

-8.1%

Faster asset growth than 30% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

-7.7%

Faster revenue growth than 30% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet

Liabilities / Assets57th percentile

Assets

$117,634

Up $9,230 (+8.5%) from 2023

Liabilities

$1,432

Up $1,432 from 2023

Net Assets

$116,202

Up $7,798 (+7.2%) from 2023

Operations

Liabilities / Revenue58th percentile Net Margin26th percentile

Revenue

Down

$101,697

Down $231 (-0.2%) from 2023

Expenses

Down

$94,138

Down $15,996 (-15%) from 2023

Net Income

$7,559

Up $15,765 (+192%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth30th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

Highlighted filing

2024

Assets$117,634

Liabilities$1,432

Net Assets$116,202

Open 2024 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

Highlighted filing

2024

Revenue$101,697

Expenses$94,138

Net Income$7,559

Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $117,634
Liabilities: $1,432
Net assets: $116,202
Revenue: $101,697
Expenses: $94,138
Net income: $7,559

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$1.18	$0.01	$1.16	$1.02	$0.94	$0.08
2023Detailed filing. Detailed filing data is available for this year.	$1.08	$0.00	$1.08	$1.02	$1.10	$0.08
2022Detailed filing. Detailed filing data is available for this year.	$1.18	$0.01	$1.17	$1.10	$0.99	$0.11
2021Detailed filing. Detailed filing data is available for this year.	$1.06	$0.00	$1.06	$1.10	$0.99	$0.11
2020Detailed filing. Detailed filing data is available for this year.	$0.95	$0.00	$0.95	$0.98	$0.81	$0.17
2019Summary only. Only limited summary data is available for this year.	$0.80	$0.00		$1.19	$1.10	$0.09
2018Summary only. Only limited summary data is available for this year.	$0.73	$0.00		$1.64	$1.73	$0.09
2017Summary only. Only limited summary data is available for this year.	$1.18	$0.00		$1.37	$1.16	$0.22
2016Summary only. Only limited summary data is available for this year.	$1.02	$0.00		$1.16	$1.12	$0.04
2015Summary only. Only limited summary data is available for this year.	$0.98	$0.00		$0.91	$1.00	$0.08
2014Summary only. Only limited summary data is available for this year.	$1.07	$0.00		$1.31	$1.24	$0.07
2013Summary only. Only limited summary data is available for this year.	$1.00	$0.00		$0.97	$0.92	$0.05
2012Summary only. Only limited summary data is available for this year.	$0.95	$0.00		$1.12	$1.15	$0.03
2011Summary only. Only limited summary data is available for this year.	$0.97	$0.00		$1.16	$1.01	$0.15

Latest Filing Detail

Jump To

Filing Snapshot

Filing Period: Oct 1, 2023 to Sep 30, 2024
Signed: Jan 15, 2025
Return Version: 2023v6.0
Gross Receipts: $101,697

Mission and Program Overview

Mission

SAILING

Program Services

Description	Grants	Expenses
PROMOTE CORINTHIAN SAILING	-	-
PROMOTE CORINTHIAN SAILING	-	-

Compensation and Service Providers

Top Officer Pay95th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
-	Treasurer	PT	$0	-	-
-	Officer	PT	$0	-	-
MARY WEST	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: The Corinthian Association Inc
EIN: 06-1271246
Phone: 4106935404
Address: 1201 N ORANGE STREET, WILMINGTON, DE 19801-1186

Signing Officer

Name: Richard Bowers
Title: Treasurer
Phone: 4106935404
Signed: 2025-01-15

Preparer

Firm: Johanna Straczek & Co
Address: 48 RAILROAD PLACE, WESTPORT, CT 06880
Preparer: Judith Mcbride
Phone: 2032275671

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office 757 information technology 2,936 travel 1,301 insurance 3,777 event expenses 50,906 scholarships 200 election buddy 29 credit card fees 2,055 software 9,931 delaware franchise tax 94 trophy awards 1,109 boat show expense 315 total 73,410”

Form 990-ez, Part I, Line 20

“Reversed ship's store sale 239”

Form 990-ez, Part II, Line 24

“Accounts receivable 372 0 trophies 18,676 19,396 ship's store 1,186 1,346 pre-paid expenses 1,450 1,000 bost show exhibit booth 0 2,033 total 21,684 23,775”

Form 990-ez, Part II, Line 26

“Prepaid event fees 0 1,322 endowment fund 0 110”

Form 990-ez, Part III, Line 31

“Promote corinthian sailing”

Raw XML Appendix108 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.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt	0	JOHANNA STRACZEK & COMPANY
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	2032275671
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	48 RAILROAD PLACE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	WESTPORT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	06880
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	86720
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	93859
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	99771
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	7559
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	4075
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	108404
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	117634
IRS990EZ/GrossReceiptsAmt	0	101697
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartIVInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	5500
IRS990EZ/InvestmentIncomeAmt	0	1926
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	108404
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	116202
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	108404
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	116202
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	3792
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	5.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	5.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt	0	RICHARD BOWERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt	1	JOHN BUTLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	MARY WEST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	SECRETARY
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501cInd	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	21684
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	23775
IRS990EZ/OtherChangesInNetAssetsAmt	0	239
IRS990EZ/OtherExpensesTotalAmt	0	73410
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	SAILING
IRS990EZ/PrintingPublicationsPostageAmt	0	12861
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	PROMOTE CORINTHIAN SAILING
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	PROMOTE CORINTHIAN SAILING
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	1432
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	94138
IRS990EZ/TotalRevenueAmt	0	101697
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.THECORINTHIANS.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	EXPENSES OFFICE 757 INFORMATION TECHNOLOGY 2,936 TRAVEL 1,301 INSURANCE 3,777 EVENT EXPENSES 50,906 SCHOLARSHIPS 200 ELECTION BUDDY 29 CREDIT CARD FEES 2,055 SOFTWARE 9,931 DELAWARE FRANCHISE TAX 94 TROPHY AWARDS 1,109 BOAT SHOW EXPENSE 315 TOTAL 73,410
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	REVERSED SHIP'S STORE SALE 239
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	ACCOUNTS RECEIVABLE 372 0 TROPHIES 18,676 19,396 SHIP'S STORE 1,186 1,346 PRE-PAID EXPENSES 1,450 1,000 BOST SHOW EXHIBIT BOOTH 0 2,033 TOTAL 21,684 23,775
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	PREPAID EVENT FEES 0 1,322 ENDOWMENT FUND 0 110
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	PROMOTE CORINTHIAN SAILING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS	0	2025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	RICHARD BOWERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	4106935404
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2025-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	THE CORINTHIAN ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt	0	CORI
ReturnHeader/Filer/EIN	0	061271246
ReturnHeader/Filer/PhoneNum	0	4106935404
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1201 N ORANGE STREET
ReturnHeader/Filer/USAddress/CityNm	0	WILMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	DE
ReturnHeader/Filer/USAddress/ZIPCd	0	198011186
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	061395831
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	JOHANNA STRACZEK & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	48 RAILROAD PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	WESTPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	06880
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2032275671
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2025-01-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	JUDITH MCBRIDE
ReturnHeader/ReturnTs	0	2025-01-27T10:14:24-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2023-10-01
ReturnHeader/TaxPeriodEndDt	0	2024-09-30
ReturnHeader/TaxYr	0	2023