Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
36th percentile
Higher net margin than 36% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
36th percentile
Faster asset growth than 36% of similar nonprofits.
Revenue Growth
8th percentile
Faster revenue growth than 8% of similar nonprofits.
Balance Sheet
Assets
Down$48,914
Down $617 (-1.2%) from 2013
Net Assets
Down$48,914
Down $617 (-1.2%) from 2013
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$101,057
Down $52,014 (-34%) from 2013
Expenses
Down$101,674
Down $2,369 (-2.3%) from 2013
Net Income
Down-$617
Down $49,645 (-101%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Aug 7, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $103,716
Mission and Program Overview
Mission
Sailing affordable & available to all
Provide an affordable opportunity for all people in the community to access the waters of the great south bay on long island, and to enjoy the experience of sailing and sailboat racing.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| DURING 2014 THE ASSOCIATION CONDUCTED YACHT RACING FOR ITS MEMBERS ON GREAT SOUTH BAY ON TUESDAY, THURSDAYS AND FRIDAY EVENINGS DURING THE SUMMER. IT ALSO HOSTED A REGATTA FOR FLYING SCOT ONE DESIGN SAILBOATS AND OTHER ONE DESIGN CLASSES ON A SATURDAY IN JULY. DURING 2014 THE ASSOCIATION MEMBERS TOOK HANDICAP CHILDREN SAILING ON THE GREAT SOUTH BAY. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ROB VERBECK | Commodore | - | $0 | - | - |
| TOM DAVISON | Vice Commodo | - | $0 | - | - |
| JOE COOK | Treasurer | - | $0 | - | - |
| SUE DAVISON | Secretary | - | $0 | - | - |
| JOHN CALLIS | Trustee | - | $0 | - | - |
| JOHN BREUER | Trustee | - | $0 | - | - |
| ROBERT BARNETT | Trustee | - | $0 | - | - |
| VINNY CORRADO | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Wet Pants Sailing Association Inc
- EIN
- 45-4864364
- Phone
- 6312552574
- Address
- 352 LINCOLN AVENUE, SAYVILLE, NY 11782
Signing Officer
- Name
- Vinny Corrado
- Title
- Trustee
- Phone
- 6312552574
- Signed
- 2015-08-07
Preparer
- Firm
- Robert Rich Company
- Address
- 14 PENNSYLVANIA PLAZA STE 2116, NEW YORK, NY 10122
- Preparer
- Robert E Rich
- Phone
- 2122169600
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses sailboat repairs 3,634 social eventsregatta exp. 28,634 sailing school expenses 2,900 great so bay yra-dues 450 l i maritime museum 100 us sailing assn 156 non-investment depreciation 2,751 total 38,625”
Form 990-ez, Part II, Line 24
“Sailboats, hoist, cpr equip, heater 9,204 17,818 less accumulated depreciation 683 3,270 total 8,521 14,548”
Form 990-ez, Part III
“Provide an affordable opportunity for all people in the community to access the waters of the great south bay on long island, and to enjoy the experience of sailing and sailboat racing.”
Form 990-ez, Part III, Line 28
“During 2014 the association conducted yacht racing for its members on great south bay on tuesday, thursdays and friday evenings during the summer. It also hosted a regatta for flying scot one design sailboats and other one design classes on a saturday in july. During 2014 the association members took handicap children sailing on the great south bay.”
Raw XML Appendix125 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 | VINNIE CORRADO |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6312442574 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 352 LINCOLN AVENUE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SAYVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11782 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 41010 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 34366 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 693 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 2659 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -617 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 49531 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 48914 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | -2659 |
| IRS990EZ/GrossReceiptsAmt | 0 | 103716 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 5 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 21278 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 49531 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 48914 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 49531 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 48914 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 16984 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ROB VERBECK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | TOM DAVISON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JOE COOK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | SUE DAVISON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JOHN CALLIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | JOHN BREUER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | ROBERT BARNETT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | VINNY CORRADO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | COMMODORE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE COMMODO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 8521 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 14548 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 38625 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROVIDE AN AFFORDABLE OPPORTUNITY FOR ALL PEOPLE IN THE COMMUNITY TO ACCESS THE WATERS OF THE GREAT SOUTH BAY ON LONG ISLAND, AND TO ENJOY THE EXPERIENCE OF SAILING AND SAILBOAT RACING. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 100 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 81740 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | DURING 2014 THE ASSOCIATION CONDUCTED YACHT RACING FOR ITS MEMBERS ON GREAT SOUTH BAY ON TUESDAY, THURSDAYS AND FRIDAY EVENINGS DURING THE SUMMER. IT ALSO HOSTED A REGATTA FOR FLYING SCOT ONE DESIGN SAILBOATS AND OTHER ONE DESIGN CLASSES ON A SATURDAY IN JULY. DURING 2014 THE ASSOCIATION MEMBERS TOOK HANDICAP CHILDREN SAILING ON THE GREAT SOUTH BAY. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 45965 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 101674 |
| IRS990EZ/TotalRevenueAmt | 0 | 101057 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES SAILBOAT REPAIRS 3,634 SOCIAL EVENTSREGATTA EXP. 28,634 SAILING SCHOOL EXPENSES 2,900 GREAT SO BAY YRA-DUES 450 L I MARITIME MUSEUM 100 US SAILING ASSN 156 NON-INVESTMENT DEPRECIATION 2,751 TOTAL 38,625 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | SAILBOATS, HOIST, CPR EQUIP, HEATER 9,204 17,818 LESS ACCUMULATED DEPRECIATION 683 3,270 TOTAL 8,521 14,548 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PROVIDE AN AFFORDABLE OPPORTUNITY FOR ALL PEOPLE IN THE COMMUNITY TO ACCESS THE WATERS OF THE GREAT SOUTH BAY ON LONG ISLAND, AND TO ENJOY THE EXPERIENCE OF SAILING AND SAILBOAT RACING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DURING 2014 THE ASSOCIATION CONDUCTED YACHT RACING FOR ITS MEMBERS ON GREAT SOUTH BAY ON TUESDAY, THURSDAYS AND FRIDAY EVENINGS DURING THE SUMMER. IT ALSO HOSTED A REGATTA FOR FLYING SCOT ONE DESIGN SAILBOATS AND OTHER ONE DESIGN CLASSES ON A SATURDAY IN JULY. DURING 2014 THE ASSOCIATION MEMBERS TOOK HANDICAP CHILDREN SAILING ON THE GREAT SOUTH BAY. |
| 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 III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2016-04-25 22:37:26Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | VINNY CORRADO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TRUSTEE |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6312552574 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-08-07 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | WET PANTS SAILING ASSOCIATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WETP |
| ReturnHeader/Filer/EIN | 0 | 454864364 |
| ReturnHeader/Filer/PhoneNum | 0 | 6312552574 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 352 LINCOLN AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SAYVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 11782 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 203876835 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ROBERT RICH COMPANY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 14 PENNSYLVANIA PLAZA STE 2116 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 10122 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2122169600 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2015-08-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROBERT E RICH |
| ReturnHeader/ReturnTs | 0 | 2015-08-07T10:42:22-05:00 |
| 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.
- Assets
- $48,914
- Liabilities
- -
- Net assets
- $48,914
- Revenue
- $101,057
- Expenses
- $101,674
- Net income
- -$617