Civic Intelligence

The Storm Trysail Foundation

990 • Fiscal year 2018 • EIN 26-2672182

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

1 Woodbine AvenueLarchmont, NY 10538

(914) 834-8857

Siviq Scores

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

Liabilities / Assets

71st percentile

0.01x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.01x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Net Margin

54th percentile

3.9%

Higher net margin than 54% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Asset Growth

53rd percentile

3.8%

Faster asset growth than 53% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

141%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$244,744

Up $8,887 (+3.8%) from 2017

Net Assets

Up

$242,116

Up $30,632 (+14%) from 2017

Liabilities

Down

$2,628

Down $21,745 (-89%) from 2017

Revenue

Up

$423,466

Up $247,947 (+141%) from 2017

Expenses

Up

$406,752

Up $205,704 (+102%) from 2017

Net Income

Up

$16,714

Up $42,243 (+165%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $179,581Liabilities 2010: $12,920Net Assets 2010: $166,6612010Assets 2011: $262,796Liabilities 2011: $15,626Net Assets 2011: $247,1702011Assets 2012: $313,622Liabilities 2012: $53,619Net Assets 2012: $260,0032012Assets 2013: $299,476Liabilities 2013: $47,327Net Assets 2013: $252,1492013Assets 2014: $332,901Liabilities 2014: $58,851Net Assets 2014: $274,0502014Assets 2015: $349,305Liabilities 2015: $101,445Net Assets 2015: $247,8602015Assets 2016: $254,548Liabilities 2016: $18,112Net Assets 2016: $236,4362016Assets 2017: $235,857Liabilities 2017: $24,373Net Assets 2017: $211,4842017Assets 2018: $244,744Liabilities 2018: $2,628Net Assets 2018: $242,1162018Assets 2019: $291,155Liabilities 2019: $9,179Net Assets 2019: $281,9762019Assets 2020: $236,687Liabilities 2020: $28,240Net Assets 2020: $208,4472020Assets 2021: $340,210Liabilities 2021: $39,252Net Assets 2021: $300,9582021Assets 2022: $409,336Liabilities 2022: $18,741Net Assets 2022: $390,5952022Assets 2023: $427,411Liabilities 2023: $32,365Net Assets 2023: $395,0462023Assets 2024: $525,930Liabilities 2024: $15,000Net Assets 2024: $510,9302024

Highlighted filing

2018

Assets$244,744
Liabilities$2,628
Net Assets$242,116

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $51,5702010Expenses 2011: $67,9212011Expenses 2012: $123,7582012Revenue 2013: $98,680Expenses 2013: $126,808Net Income 2013: -$28,1282013Revenue 2014: $207,215Expenses 2014: $189,412Net Income 2014: $17,8032014Revenue 2015: $194,092Expenses 2015: $195,315Net Income 2015: -$1,2232015Revenue 2016: $183,173Expenses 2016: $204,904Net Income 2016: -$21,7312016Revenue 2017: $175,519Expenses 2017: $201,048Net Income 2017: -$25,5292017Revenue 2018: $423,466Expenses 2018: $406,752Net Income 2018: $16,7142018Revenue 2019: $874,347Expenses 2019: $736,142Net Income 2019: $138,2052019Revenue 2020: $170,074Expenses 2020: $241,426Net Income 2020: -$71,3522020Revenue 2021: $335,865Expenses 2021: $256,791Net Income 2021: $79,0742021Revenue 2022: $356,041Expenses 2022: $269,165Net Income 2022: $86,8762022Revenue 2023: $255,111Expenses 2023: $257,409Net Income 2023: -$2,2982023Revenue 2024: $382,118Expenses 2024: $278,037Net Income 2024: $104,0812024

Highlighted filing

2018

Revenue$423,466
Expenses$406,752
Net Income$16,714
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$442,427
Mission and Program Overview

Mission

The Foundation seeks to effect,

The Foundation seeks to effect, promote and enhance the education of young sailors in safety at sea, safe boat handling in all conditions, and safe blue water racing and passage making through seminars, regattas, on water training, and through grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$24,242$97,990▲ $73,748
Investments in Publicly Traded Securities$110,912$70,345▼ $40,567
Pledges and Grants Receivable$2,500$2,500→ $0
Savings and Temporary Cash Investments$20,173$178▼ $19,995
Accounts Receivable$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$235,857$244,744▲ $8,887
Other Assets Total$78,030$73,731▼ $4,299
Liabilities
Deferred Revenue$11,010--
Accounts Payable and Accrued Expenses$13,363$2,628▼ $10,735
Total Liabilities$24,373$2,628▼ $21,745
Net Assets / Fund Balance
Unrestricted Net Assets$211,484$242,116▲ $30,632
Total Net Assets Fund Balance$211,484$242,116▲ $30,632
Total Liabilities and Net Assets / Fund Balance$235,857$244,744▲ $8,887

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,999$3,999
Land$0--
Other Assets Org$53,211--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rich du MoulinChairman
Barry GoldPresident, V Chairman
AJ EvansTrustee
Ed CesareTrustee
Gary JobsonTrustee
John FisherTrustee
John BrowningSecretary/Treasurer
Lars ForsbergVP
Revenue and Support

Revenue Composition

Contributions and Grants
$294,793
Program Service Revenue
$121,310
Investment Income
$3,855
Other Revenue
$3,508
All Other Contributions
$266,793
Change in Net Assets
$16,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$224,000
Other Expenses$182,752
Total Fundraising Expense$15,678
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$224,000--$224,000
Fees for Services Management$54,872$7,839$15,678$78,389
Fees for Services Accounting$0$9,500$0$9,500
Depreciation Depletion$4,300$0$0$4,300
Other Expenses$0$134$0$134
Total Functional Expenses$373,601$17,473$15,678$406,752
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Collegiate Offshore Sailing CircuitMarblehead, MAAppliedDonation$224,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$20,375
Fundraising Direct Expenses$18,961
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner$48,375$20,375$18,961$1,414
None----
Total Events$48,375$20,375$18,961$1,414
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Storm Trysail Foundation
EIN
26-2672182
Phone
9148348857
Address
1 Woodbine Avenue, Larchmont, NY 10538

Signing Officer

Name
Barry Gold
Title
President, V Chair
Phone
9148348857
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rich Du Moulin
Formed
2008
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
150

Preparer

Firm
O'KEEFE CPA LLC
Address
375 FULTON ST, FARMINGDALE, NY 11735-3454
Preparer
Timothy O'Keefe
Phone
5165864940
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Form 990 is circulated among the Board members for their review and approval prior to filing.

Pt VI, Line 19

The Organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.

Pt VI, Line 12C

The Board applies its conflict of interest policy in each relevant instance as circumstances arise.

Pt VI, Line 6

Members of the Storm Trysail Club are members of the Foundation as are members who separately join.

Pt VI, Line 7A

Members elect the governing Board.

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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt019430
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt08276
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt039440
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt052460
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0269606
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Other related 2014: 2689. 2015: 250. 2016: 5113. 2017: 4009. 2018: 2094.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0270143
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt080939
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt072266
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt097958
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0113865
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0635171
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03855
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06241
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05218
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04007
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05368
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt024689
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0145960
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt084067
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt098234
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt089726
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt083042
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0501029
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt048375
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt035825
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt038500
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt033265
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt038685
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0194650
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03855
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06241
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05218
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04007
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05368
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt024689
IRS990ScheduleA/InvestmentIncomeCYPct00.01800
IRS990ScheduleA/InvestmentIncomePYPct00.02490
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02094
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04009
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05113
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0250
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02689
IRS990ScheduleA/OtherIncome509Grp/TotalAmt014155
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.77480
IRS990ScheduleA/PublicSupportPY509Pct00.83380
IRS990ScheduleA/PublicSupportTotal509Amt01061244
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0150000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt019430
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt08276
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt039440
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt052460
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0269606
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0464478
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0200831
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0209000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0220949
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0235592
IRS990ScheduleA/Total509Grp/TotalAmt01330850
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01369694
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03999
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03999
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15520
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt253211
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Oil Painting
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Trophies
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Video Costs (net)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt073731
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt028000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt028000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018961
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0NONE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt048375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt048375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt020375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt020375
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt01414
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018961
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018961
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0224000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Applied
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Donation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Collegiate Offshore Sailing Circuit
IRS990ScheduleI/RecipientTable/RecipientEIN0832798346
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt058C Brackett Place
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Marblehead
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd001945
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Oversee use of donated funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is circulated among the Board members for their review and approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board applies its conflict of interest policy in each relevant instance as circumstances arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Members of the Storm Trysail Club are members of the Foundation as are members who separately join.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Members elect the governing Board.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.26$0.15$5.11$3.82$2.78$1.04
2023Detailed filing. Detailed filing data is available for this year.$4.27$0.32$3.95$2.55$2.57$0.02
2022Detailed filing. Detailed filing data is available for this year.$4.09$0.19$3.91$3.56$2.69$0.87
2021Detailed filing. Detailed filing data is available for this year.$3.40$0.39$3.01$3.36$2.57$0.79
2020Detailed filing. Detailed filing data is available for this year.$2.37$0.28$2.08$1.70$2.41$0.71
2019Detailed filing. Detailed filing data is available for this year.$2.91$0.09$2.82$8.74$7.36$1.38
2018Detailed filing. Detailed filing data is available for this year.$2.45$0.03$2.42$4.23$4.07$0.17
2017Detailed filing. Detailed filing data is available for this year.$2.36$0.24$2.11$1.76$2.01$0.26
2016Detailed filing. Detailed filing data is available for this year.$2.55$0.18$2.36$1.83$2.05$0.22
2015Detailed filing. Detailed filing data is available for this year.$3.49$1.01$2.48$1.94$1.95$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.33$0.59$2.74$2.07$1.89$0.18
2013Detailed filing. Detailed filing data is available for this year.$2.99$0.47$2.52$0.99$1.27$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.14$0.54$2.60$1.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$0.16$2.47$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.13$1.67$0.52