Civic Intelligence

Sail Newport Inc.

990 • Fiscal year 2019 • EIN 22-2560625

Nov 01, 2018 to Oct 31, 2019 • Filed on Sep 16, 2020

Organization ProfileWWW.SAILNEWPORT.ORG
72 Fort Adams DriveNewport, RI 02840

(401) 846-1983

Siviq Scores

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

Liabilities / Assets

38th percentile

0.08x

Higher debt load relative to assets than 38% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.26x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

38th percentile

-0.1%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$131,875

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

22nd percentile

-3.2%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-59%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$8,016,889

Down $265,762 (-3.2%) from 2018

Net Assets

Up

$7,414,610

Up $116,589 (+1.6%) from 2018

Liabilities

Down

$602,279

Down $382,351 (-39%) from 2018

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin38th percentile

Revenue

Down

$2,314,438

Down $3,282,976 (-59%) from 2018

Expenses

Down

$2,315,661

Down $2,883,003 (-55%) from 2018

Net Income

Down

-$1,223

Down $399,973 (-100%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$10M$5.0M$0Assets 2011: $710,285Liabilities 2011: $76,979Net Assets 2011: $633,3062011Assets 2012: $1,127,689Liabilities 2012: $146,181Net Assets 2012: $981,5082012Assets 2013: $1,492,782Liabilities 2013: $188,657Net Assets 2013: $1,304,1252013Assets 2014: $2,518,470Liabilities 2014: $985,231Net Assets 2014: $1,533,2392014Assets 2015: $2,575,721Liabilities 2015: $1,063,696Net Assets 2015: $1,512,0252015Assets 2016: $5,361,421Liabilities 2016: $251,718Net Assets 2016: $5,109,7032016Assets 2017: $8,628,248Liabilities 2017: $1,707,097Net Assets 2017: $6,921,1512017Assets 2018: $8,282,651Liabilities 2018: $984,630Net Assets 2018: $7,298,0212018Assets 2019: $8,016,889Liabilities 2019: $602,279Net Assets 2019: $7,414,6102019Assets 2020: $7,764,975Liabilities 2020: $350,510Net Assets 2020: $7,414,4652020Assets 2021: $8,050,460Liabilities 2021: $298,466Net Assets 2021: $7,751,9942021Assets 2022: $8,009,967Liabilities 2022: $307,677Net Assets 2022: $7,702,2902022Assets 2023: $8,518,622Liabilities 2023: $343,326Net Assets 2023: $8,175,2962023Assets 2024: $8,787,996Liabilities 2024: $379,777Net Assets 2024: $8,408,2192024

Highlighted filing

2019

Assets$8,016,889
Liabilities$602,279
Net Assets$7,414,610
Open 2019 Filing

Operations Trend

Revenue Growth4th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,211,7542011Expenses 2012: $1,447,1062012Revenue 2013: $2,349,134Expenses 2013: $2,018,194Net Income 2013: $330,9402013Revenue 2014: $1,870,114Expenses 2014: $1,692,603Net Income 2014: $177,5112014Revenue 2015: $3,159,092Expenses 2015: $3,138,671Net Income 2015: $20,4212015Revenue 2016: $5,371,755Expenses 2016: $2,498,790Net Income 2016: $2,872,9652016Revenue 2017: $4,705,898Expenses 2017: $2,994,654Net Income 2017: $1,711,2442017Revenue 2018: $5,597,414Expenses 2018: $5,198,664Net Income 2018: $398,7502018Revenue 2019: $2,314,438Expenses 2019: $2,315,661Net Income 2019: -$1,2232019Revenue 2020: $1,982,370Expenses 2020: $2,059,526Net Income 2020: -$77,1562020Revenue 2021: $2,453,105Expenses 2021: $2,332,307Net Income 2021: $120,7982021Revenue 2022: $3,014,185Expenses 2022: $2,595,974Net Income 2022: $418,2112022Revenue 2023: $5,515,517Expenses 2023: $5,050,828Net Income 2023: $464,6892023Revenue 2024: $2,759,983Expenses 2024: $3,001,810Net Income 2024: -$241,8272024

Highlighted filing

2019

Revenue$2,314,438
Expenses$2,315,661
Net Income-$1,223
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2018 to Oct 31, 2019
Signed
Sep 16, 2020
Return Version
2018v3.2
Gross Receipts
$2,371,623
Mission and Program Overview

Mission

Sail newport's mission is to promote and operate affordable public sailing instruction, rental programs and to create opportunities to attract new sailors to the sport.

Encouraging and promoting sailing events and educational programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,812,149$5,802,039▼ $10,110
Investments in Publicly Traded Securities$1,179,132$1,467,792▲ $288,660
Pledges and Grants Receivable$1,048,613$540,354▼ $508,259
Accounts Receivable$90,705$87,772▼ $2,933
Savings and Temporary Cash Investments$70,063$75,065▲ $5,002
Prepaid Expenses and Deferred Charges$21,505$34,722▲ $13,217
Cash and Non-Interest-Bearing Accounts$60,484$9,145▼ $51,339
Total Assets$8,282,651$8,016,889▼ $265,762
Liabilities
Mortgage Notes Payable Secured by Investment Property$963,480$557,645▼ $405,835
Accounts Payable and Accrued Expenses$17,788$37,452▲ $19,664
Deferred Revenue$2,394$6,910▲ $4,516
Other Liabilities$968$272▼ $696
Total Liabilities$984,630$602,279▼ $382,351
Net Assets / Fund Balance
Unrestricted Net Assets$4,873,562$5,846,763▲ $973,201
Permanently Rstr Net Assets$1,093,313$1,093,313→ $0
Temporarily Rstr Net Assets$1,331,146$474,534▼ $856,612
Total Net Assets Fund Balance$7,298,021$7,414,610▲ $116,589
Total Liabilities and Net Assets / Fund Balance$8,282,651$8,016,889▼ $265,762

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,812,243$490,635$5,302,878
Other Land Buildings$827,222$1,380,153$2,207,375
Leasehold Improvements$75,467$356,152$431,619
Equipment$87,107$139,137$226,244

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,130,734$146,861▲ $146,185-$1,423,780
2017$1,085,322$56,000▲ $8,159$18,747$1,130,734
2016$1,036,860-▲ $149,751$93,115$1,085,322
2015$1,011,145$60,000▼ $6,086$20,438$1,036,860
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brad ReedExecutive DirectorFT$131,875$131,875

Board Members and Trustees

NameTitle
Steve KirkpatrickPast President
Amy KempePresident
Stuart StreuliVice President
Barby MacgowanDirector
Bridgid MurphyDirector
Duncan SkinnerDirector
Jen EielsonDirector
Joanna DavisDirector
Katrina HeleDirector
Mick HarveyDirector
Mike RyanDirector
Rob MacmillanDirector
Susan DalyDirector
Tesa Van MunchingDirector
Will DonaldsonSecretary
Lowell ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$862,656
Program Service Revenue
$726,109
Investment Income
$30,915
Other Revenue
$694,758
All Other Contributions
$762,092
Change in Net Assets
$-1,223

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Boats and Planes4$171,000Fair Market Value (FMV)
Total Noncash Contributions4$171,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,187,074
Other Expenses$1,128,587
Total Fundraising Expense$159,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$788,849$9,549$96,840$895,238
Depreciation Depletion$228,025$25,335-$253,360
Current Officers, Directors, Trustees, and Key Employees$68,191$34,097$34,097$136,385
All Other Expenses$107,124$6,959$3,177$117,260
Payroll Taxes$69,636$3,546$10,639$83,821
Insurance$70,871$3,730-$74,601
Other Employee Benefits$59,509$3,030$9,091$71,630
Advertising$53,282--$53,282
Other Expenses$48,146$4,642-$48,146
Interest$38,429$3,263-$41,692
Fees for Services Accounting-$40,275-$40,275
Office Expenses$27,712$1,411$4,217$33,340
Fees for Services Other$23,609$6,798-$30,407
Occupancy$17,375$3,539-$20,914
Fees for Service Investment Mgmnt Fees-$9,621-$9,621
Conferences and Meetings$6,273$320$959$7,552
Travel$5,538-$304$5,842
Total Functional Expenses$2,000,222$156,115$159,324$2,315,661
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$197,255
Fundraising Direct Expenses$38,851
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$147,750$147,750$23,388$124,362
General Fundraising$49,505$49,505$15,463$34,042
Total Events$197,255$197,255$38,851$158,404
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$272
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of form 990 was provided to the organization's governing body before it was filed.”

Form 990, Part VI, Section B, Line 12

“The organization reviews new directors and new officers for any conflicts of interest and also annually monitors compliance with conflict of interest policy for existing directors and officers.”

Form 990, Part VI, Section B, Line 15

“Compensation for the organization's officers and employees is recommended to the board of directors by the executive director based on an annual review of comparable geographic compensation data. The executive director's compensation is determined by an executive committee of the board of directors as well as comparable geographic compensation data.”

Form 990, Part VI, Section C, Line 18

“The organization's form 990 is available for public inspection upon request and on the guidestar website.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing document and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Sail Newport
EIN
22-2560625
Phone
4018461983
Address
72 FORT ADAMS DRIVE, NEWPORT, RI 02840

Signing Officer

Name
Brad Read
Title
Executive Director
Phone
4018461983
Signed
2020-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Read
Formed
1983
Legal Domicile
Ri
Voting Board Members
16
Independent Board Members
16
Employees
61
Volunteers
175

Preparer

Firm
Wadovick & Company
Address
1300 DIVISION ROAD SUITE 104, WEST WARWICK, RI 02893
Preparer
Jeffrey D Wadovick CPA
Phone
4018234004
Raw XML AppendixShowing 400 of 616 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt038851
IRS990/FundraisingGrossIncomeAmt0197255
IRS990/GainOrLossGrp/OtherAmt0-8334
IRS990/GainOrLossGrp/SecuritiesAmt015740
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt041249
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt010000
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt015740
IRS990/GrossReceiptsAmt02371623
IRS990/GrossRentsGrp/PersonalAmt0193618
IRS990/GrossRentsGrp/RealAmt0340524
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03730
IRS990/InsuranceGrp/ProgramServicesAmt070871
IRS990/InsuranceGrp/TotalAmt074601
IRS990/InterestGrp/ManagementAndGeneralAmt03263
IRS990/InterestGrp/ProgramServicesAmt038429
IRS990/InterestGrp/TotalAmt041692
IRS990/InvestmentIncomeGrp/ExclusionAmt023509
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023509
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01179132
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01467792
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02366077
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05812149
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05802039
IRS990/LandBldgEquipCostOrOtherBssAmt08168116
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt018334
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt059315
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SAIL NEWPORT'S MISSION IS TO PROMOTE AND OPERATE AFFORDABLE PUBLIC SAILING INSTRUCTION, RENTAL PROGRAMS AND TO CREATE OPPORTUNITIES TO ATTRACT NEW SAILORS TO THE SPORT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0963480
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0557645
IRS990/NetAssetsOrFundBalancesBOYAmt07298021
IRS990/NetAssetsOrFundBalancesEOYAmt07414610
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt07406
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07406
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0158404
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0158404
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0534142
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0534142
IRS990/NetUnrelatedBusTxblIncmAmt0-1781
IRS990/NetUnrlzdGainsLossesInvstAmt0117812
IRS990/NoncashContributionsAmt0171000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03539
IRS990/OccupancyGrp/ProgramServicesAmt017375
IRS990/OccupancyGrp/TotalAmt020914
IRS990/OfficeExpensesGrp/FundraisingAmt04217
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01411
IRS990/OfficeExpensesGrp/ProgramServicesAmt027712
IRS990/OfficeExpensesGrp/TotalAmt033340
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09091
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03030
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt059509
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071630
IRS990/OtherExpensesGrp/Desc0REGATTA EXPENSES
IRS990/OtherExpensesGrp/Desc1RACING PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BANK & CREDIT CARD FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04642
IRS990/OtherExpensesGrp/ProgramServicesAmt0161273
IRS990/OtherExpensesGrp/ProgramServicesAmt1116220
IRS990/OtherExpensesGrp/ProgramServicesAmt2110160
IRS990/OtherExpensesGrp/ProgramServicesAmt348146
IRS990/OtherExpensesGrp/TotalAmt0161273
IRS990/OtherExpensesGrp/TotalAmt1116220
IRS990/OtherExpensesGrp/TotalAmt2114802
IRS990/OtherExpensesGrp/TotalAmt348146
IRS990/OtherLiabilitiesGrp/BOYAmt0968
IRS990/OtherLiabilitiesGrp/EOYAmt0272
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02212
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02212
IRS990/OtherRevenueTotalAmt02212
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt096840
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09549
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0788849
IRS990/OtherSalariesAndWagesGrp/TotalAmt0895238
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010639
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03546
IRS990/PayrollTaxesGrp/ProgramServicesAmt069636
IRS990/PayrollTaxesGrp/TotalAmt083821
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01093313
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01093313
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01048613
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0540354
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021505
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034722
IRS990/PrincipalOfficerNm0BRAD READ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0YOUTH AND ADULT INSTRU
IRS990/ProgramServiceRevenueGrp/Desc1EVENTS AND REGATTAS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0434082
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1292027
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0434082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1292027
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTION AND COORDINATING OF NATIONAL AND INTERNATIONAL YACHTING EVENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0464993
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0292027
IRS990/ProgSrvcAccomActy3Grp/Desc0PROMOTION AND FUNDING OF YOUTH SAILING INSTRUCTION IN NEWPORT, RHODE ISLAND.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0638780
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0324087
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER INSTRUCTIONAL AND EDUCATIONAL PROGRAMS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0449844
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0119613
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01822185
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt030185
IRS990/PYOtherExpensesAmt03868619
IRS990/PYOtherRevenueAmt0750501
IRS990/PYProgramServiceRevenueAmt02994543
IRS990/PYRevenuesLessExpensesAmt0398750
IRS990/PYSalariesCompEmpBnftPaidAmt01330045
IRS990/PYTotalExpensesAmt05198664
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05597414
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1223
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt0193618
IRS990/RentalIncomeOrLossGrp/RealAmt0340524
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0534142
IRS990/SavingsAndTempCashInvstGrp/BOYAmt070063
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075065
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0862656
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01822185
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03413429
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03900692
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0701925
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010700887
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt023509
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08510
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt013262
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010427
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt039549

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,016,889
Liabilities
$602,279
Net assets
$7,414,610
Revenue
$2,314,438
Expenses
$2,315,661
Net income
-$1,223
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.79$0.38$8.41$2.76$3.00$0.24
2023Detailed filing. Detailed filing data is available for this year.$8.52$0.34$8.18$5.52$5.05$0.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.01$0.31$7.70$3.01$2.60$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.05$0.30$7.75$2.45$2.33$0.12
2020Detailed filing. Detailed filing data is available for this year.$7.76$0.35$7.41$1.98$2.06$0.08
2019Detailed filing. Detailed filing data is available for this year.$8.02$0.60$7.41$2.31$2.32$0.00
2018Detailed filing. Detailed filing data is available for this year.$8.28$0.98$7.30$5.60$5.20$0.40
2017Detailed filing. Detailed filing data is available for this year.$8.63$1.71$6.92$4.71$2.99$1.71
2016Detailed filing. Detailed filing data is available for this year.$5.36$0.25$5.11$5.37$2.50$2.87
2015Detailed filing. Detailed filing data is available for this year.$2.58$1.06$1.51$3.16$3.14$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.52$0.99$1.53$1.87$1.69$0.18
2013Summary only. Only limited summary data is available for this year.$1.49$0.19$1.30$2.35$2.02$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.15$0.98$1.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.08$0.63$1.21