Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
Northwest Amateur Sailing and Racing Association
EIN 27-4815106 • 501(c)3 • Seattle, WA
Pub. 78 Eligible990-N CoverageNTEE N67
Profile
The organization is organized exclusively for charitable scientific religious and educational purposes within the meaning of 501 c 3 of the Internal Revenue code of 1986 as amended the Code including without limitations to a provide education instruction and promotion of amateur sailing b foster national and international amateur sports competitions and c develop amateur sailors to participate in national and international sailboat racing
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
60th percentile
Higher debt load relative to revenue than 60% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
12th percentile
Faster asset growth than 12% of similar nonprofits.
Revenue Growth
6th percentile
Faster revenue growth than 6% of similar nonprofits.
Balance Sheet
Assets
Down$18,745
Down $8,420 (-31%) from 2022
Liabilities
Down$7
Down $1 (-13%) from 2022
Net Assets
Down$18,738
Down $8,419 (-31%) from 2022
Revenue
Down$23,015
Down $39,896 (-63%) from 2022
Expenses
Down$31,434
Down $17,078 (-35%) from 2022
Net Income
Down-$8,419
Down $22,818 (-158%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $18,745
- Liabilities
- $7
- Net assets
- $18,738
- Revenue
- $23,015
- Expenses
- $31,434
- Net income
- -$8,419
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Sep 15, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $23,015
Mission and Program Overview
Mission
The organization is organized exclusively for charitable scientific religious and educational purposes within the meaning of 501 c 3 of the Internal Revenue code of 1986 as amended the Code including without limitations to a provide education instruction and promotion of amateur sailing b foster national and international amateur sports competitions and c develop amateur sailors to participate in national and international sailboat racing
Program Services
| Description | Grants | Expenses |
|---|---|---|
| 0 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| David DC Fergusan | Vice Presiddent | - | $0 | - | - |
| John J Chuta | Treasurer | PT | $0 | - | - |
| Kim E Lorenz | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Northwest Amateur Sailing and Racing Association
- EIN
- 27-4815106
- Phone
- 2063251000
- Address
- CO 1807 EAST HAMLIN STREET, SEATTLE, WA 98112
Signing Officer
- Name
- John J Chuta
- Title
- Treasurer
- Phone
- 0000000000
- Signed
- 2024-09-15
Supplemental Narrative
Additional Explanations
Schedule O:
“The organization is organized exclusively for charitable, scientific, religious, and educational purposes within the meaning of 501 (c) (3) of the Internal Revenue code of 1986, as amended (the Code), including without limitations to (a) provide education, instruction and promotion of amateur sailing, (b) foster national and international amateur sports competitions, and (c) develop amateur sailors to participate in national and international sailboat racing. Part I, Line 10. Grants 1 Tasar 2023 World Regatta - Balance of funds raised in 2022 were used to ship local boats to the Australian Worlds 11,273 2 Lohaine Yacht Club - donated funds from individuals were sent to yacht club to help rebuild its fire destroyed building 12,675 3 SYC high Performance Clinic - Funds used to develop racing skills of individuals in the Puget Sound area 6,038 29,923 Part I, Line 16, Other Expenses, Licensees & Fees 190 D & O Insurance 1,.220 1,510”
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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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The organization is organized exclusively for charitable, scientific, religious, and educational purposes within the meaning of 501 (c) (3) of the Internal Revenue code of 1986, as amended (the Code), including without limitations to (a) provide education, instruction and promotion of amateur sailing, (b) foster national and international amateur sports competitions, and (c) develop amateur sailors to participate in national and international sailboat racing. Part I, Line 10. Grants 1 Tasar 2023 World Regatta - Balance of funds raised in 2022 were used to ship local boats to the Australian Worlds 11,273 2 Lohaine Yacht Club - donated funds from individuals were sent to yacht club to help rebuild its fire destroyed building 12,675 3 SYC high Performance Clinic - Funds used to develop racing skills of individuals in the Puget Sound area 6,038 29,923 Part I, Line 16, Other Expenses, Licensees & Fees 190 D & O Insurance 1,.220 1,510 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule O: |
| ReturnHeader/BuildTS | 0 | 2024-08-08 14:25:15Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NORT |
| ReturnHeader/Filer/EIN | 0 | 274815106 |
| ReturnHeader/Filer/PhoneNum | 0 | 2063251000 |
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| ReturnHeader/ReturnTs | 0 | 2024-09-15T04:30:03Z |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
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| ReturnHeader/TaxYr | 0 | 2023 |
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