Sail Marblehead Inc.

990EZ • Fiscal year 2014 • EIN 26-0017113

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 12, 2015

Organization Profile NA

PO Box 1430Marblehead, MA 01945

(617) 803-8202

Siviq Scores

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

15.12x

Higher debt load relative to assets than 99% of similar nonprofits.

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

10.88x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

-332%

Higher net margin than 2% of similar nonprofits.

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

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

-81%

Faster asset growth than 4% of similar nonprofits.

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

-83%

Faster revenue growth than 3% of similar nonprofits.

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

Balance Sheet

Liabilities / Assets99th percentile

Assets

Down

$2,519

Down $10,403 (-81%) from 2013

Net Assets

Down

-$35,570

Down $11,623 (-49%) from 2013

Liabilities

$38,089

Up $1,220 (+3.3%) from 2013

Revenue And Expenses

Liabilities / Revenue99th percentile Net Margin2nd percentile

Revenue

Down

$3,500

Down $16,500 (-83%) from 2013

Expenses

Down

$15,123

Down $19,362 (-56%) from 2013

Net Income

-$11,623

Up $2,862 (+20%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

Highlighted filing

2014

Assets$2,519

Liabilities$38,089

Net Assets-$35,570

Open 2014 Filing

Operations Trend

Revenue Growth3rd percentile

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

Highlighted filing

2014

Revenue$3,500

Expenses$15,123

Net Income-$11,623

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: Aug 12, 2015
Return Version: 2014v5.0
Gross Receipts: $3,500

Mission and Program Overview

Mission

To promote awarness, understanding and appreciation of our natural environment and its protection and preservation through public education and provision of active programs and services including community based sailing and kyacking programs as well all related activities or ventures.

Program Services

Description	Grants	Expenses
ACTIVITIES FOR COMMUNITY	-	$9,684
PUBLIC EDUCATION	-	$4,111
RELATED ACTIVITIES ALL OTHER SIMILAR VENTURES	-	$1,328
ENVIRONMENT PROTECTION	-	-

Compensation and Service Providers

Top Officer Pay74th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
JAMES OUELLETTE	Presidnet	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Sail Marblehead Inc
EIN: 26-0017113
Phone: 6178038202
Address: PO BOX 1430, MARBLEHEAD, MA 01945

Signing Officer

Name: Jim Ouellette
Title: President
Phone: 6178038202
Signed: 2015-08-12

Preparer

Firm: David P Miller CPA
Address: 84 LEWIS ST, LYNN, MA 01902-4841

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses labor 6,611 bank service charge 86 boat 3,545 licenses & permits 80 repairs 2,985 trash disposal 8 non-investment depreciation 1,328 total 14,643”

Form 990-ez, Part II, Line 24

“23,413 23,413 less accumulated depreciation 19,766 21,094 total 3,647 2,319”

Form 990-ez, Part II, Line 26

“Unsecured notes and loans payable 36,869 38,089”

Form 990-ez, Part III

“To promote awarness, understanding and appreciation of our natural environment and its protection and preservation through public education and provision of active programs and services including community based sailing and kyacking programs as well all related activities or ventures.”

Form 990-ez, Part III, Line 31

“Related activities all other similar ventures”

Raw XML Appendix128 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/PersonNm	0	JAMES OUELLETTE
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	6178038202
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	PO BOX 1430
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	MARBLEHEAD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	01945
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	9275
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	200
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	3500
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-11623
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	480
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	12922
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	2519
IRS990EZ/GrossReceiptsAmt	0	3500
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	-23947
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	-35570
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	-23947
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	-35570
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	JAMES OUELLETTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDNET
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	3647
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	2319
IRS990EZ/OtherExpensesTotalAmt	0	14643
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	TO PROMOTE AWARNESS, UNDERSTANDING AND APPRECIATION OF OUR NATURAL ENVIRONMENT AND ITS PROTECTION AND PRESERVATION THROUGH PUBLIC EDUCATION AND PROVISION OF ACTIVE PROGRAMS AND SERVICES INCLUDING COMMUNITY BASED SAILING AND KYACKING PROGRAMS AS WELL ALL RELATED ACTIVITIES OR VENTURES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	PUBLIC EDUCATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	ENVIRONMENT PROTECTION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	2	ACTIVITIES FOR COMMUNITY
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	3	RELATED ACTIVITIES ALL OTHER SIMILAR VENTURES
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	4111
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	1	9684
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	2	1328
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	36869
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	38089
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	15123
IRS990EZ/TotalProgramServiceExpensesAmt	0	15123
IRS990EZ/TotalRevenueAmt	0	3500
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	NA
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	3500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	20000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	13500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	3500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	40500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	808
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	808
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	41308
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	3500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	20000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	14308
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	3500
IRS990ScheduleA/Total509Grp/TotalAmt	0	41308
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	3500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	20000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	14308
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	3500
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	41308
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	EXPENSES LABOR 6,611 BANK SERVICE CHARGE 86 BOAT 3,545 LICENSES & PERMITS 80 REPAIRS 2,985 TRASH DISPOSAL 8 NON-INVESTMENT DEPRECIATION 1,328 TOTAL 14,643
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	23,413 23,413 LESS ACCUMULATED DEPRECIATION 19,766 21,094 TOTAL 3,647 2,319
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	UNSECURED NOTES AND LOANS PAYABLE 36,869 38,089
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	TO PROMOTE AWARNESS, UNDERSTANDING AND APPRECIATION OF OUR NATURAL ENVIRONMENT AND ITS PROTECTION AND PRESERVATION THROUGH PUBLIC EDUCATION AND PROVISION OF ACTIVE PROGRAMS AND SERVICES INCLUDING COMMUNITY BASED SAILING AND KYACKING PROGRAMS AS WELL ALL RELATED ACTIVITIES OR VENTURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	RELATED ACTIVITIES ALL OTHER SIMILAR VENTURES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS	0	2016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JIM OUELLETTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	6178038202
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	SAIL MARBLEHEAD INC
ReturnHeader/Filer/BusinessNameControlTxt	0	SAIL
ReturnHeader/Filer/EIN	0	260017113
ReturnHeader/Filer/PhoneNum	0	6178038202
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 1430
ReturnHeader/Filer/USAddress/CityNm	0	MARBLEHEAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MA
ReturnHeader/Filer/USAddress/ZIPCd	0	01945
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	043184825
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	DAVID P MILLER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	84 LEWIS ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	LYNN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	019024841
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2015-08-12
ReturnHeader/ReturnTs	0	2015-10-22T09:36:23-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2014-01-01
ReturnHeader/TaxPeriodEndDt	0	2014-12-31
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,519
Liabilities: $38,089
Net assets: -$35,570
Revenue: $3,500
Expenses: $15,123
Net income: -$11,623

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$3.12	$42.5	$39.4	$7.70	$8.14	$0.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.01	$40.3	$38.3	$1.85	$2.18	$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.86	$39.8	$37.9		$1.17
2020Detailed filing. Detailed filing data is available for this year.	$1.76	$38.5	$36.8		$0.82
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.34	$38.3	$36.0		$0.84
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.17	$38.3	$35.1	$5.50	$5.65	$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.12	$38.1	$35.0	$3.60	$3.86	$0.26
2014Detailed filing. Detailed filing data is available for this year.	$2.52	$38.1	$35.6	$3.50	$15.1	$11.6
2013Detailed filing. Detailed filing data is available for this year.	$12.9	$36.9	$23.9	$20.0	$34.5	$14.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$3.95	$13.4	$9.46	$14.3	$18.3	$4.00