Civic Intelligence

Wet Pants Sailing Association Inc

990EZ • Fiscal year 2015 • EIN 45-4864364

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 20, 2016

25 Washington StreetSayville, NY 11782

(631) 848-9140

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

23rd percentile

-6.6%

Higher net margin than 23% of similar nonprofits.

2015 filings • NTEE N50 • <$500k nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

2015 filings • NTEE N50 • <$500k nonprofits • Source year 2015

Asset Growth

15th percentile

-14%

Faster asset growth than 15% of similar nonprofits.

2015 filings • NTEE N50 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

56th percentile

5.2%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • NTEE N50 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$41,865

Down $7,049 (-14%) from 2014

Net Assets

Down

$41,865

Down $7,049 (-14%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$106,270

Up $5,213 (+5.2%) from 2014

Expenses

Up

$113,317

Up $11,643 (+11%) from 2014

Net Income

Down

-$7,047

Down $6,430 (-1042%) from 2014

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2013: $49,531Net Assets 2013: $49,5312013Assets 2014: $48,914Net Assets 2014: $48,9142014Assets 2015: $41,865Net Assets 2015: $41,8652015Assets 2016: $71,828Net Assets 2016: $71,8282016Assets 2017: $64,617Net Assets 2017: $64,6172017Assets 2018: $62,751Liabilities 2018: $0Net Assets 2018: $62,7512018Assets 2019: $77,530Liabilities 2019: $430Net Assets 2019: $77,1002019Assets 2020: $91,592Liabilities 2020: $0Net Assets 2020: $91,5922020Assets 2021: $103,903Liabilities 2021: $0Net Assets 2021: $103,9032021Assets 2022: $95,310Liabilities 2022: $0Net Assets 2022: $95,3102022Assets 2023: $88,805Liabilities 2023: $0Net Assets 2023: $88,8052023Assets 2024: $93,963Liabilities 2024: $0Net Assets 2024: $93,9632024

Highlighted filing

2015

Assets$41,865
Liabilities-
Net Assets$41,865

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2013: $153,071Expenses 2013: $104,043Net Income 2013: $49,0282013Revenue 2014: $101,057Expenses 2014: $101,674Net Income 2014: -$6172014Revenue 2015: $106,270Expenses 2015: $113,317Net Income 2015: -$7,0472015Revenue 2016: $105,673Expenses 2016: $83,594Net Income 2016: $22,0792016Revenue 2017: $108,200Expenses 2017: $116,205Net Income 2017: -$8,0052017Revenue 2018: $108,527Expenses 2018: $120,212Net Income 2018: -$11,6852018Revenue 2019: $100,403Expenses 2019: $97,513Net Income 2019: $2,8902019Revenue 2020: $84,208Expenses 2020: $69,716Net Income 2020: $14,4922020Revenue 2021: $91,400Expenses 2021: $79,089Net Income 2021: $12,3112021Revenue 2022: $95,636Expenses 2022: $104,229Net Income 2022: -$8,5932022Revenue 2023: $98,925Expenses 2023: $105,430Net Income 2023: -$6,5052023Revenue 2024: $100,711Expenses 2024: $95,553Net Income 2024: $5,1582024

Highlighted filing

2015

Revenue$106,270
Expenses$113,317
Net Income-$7,047
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 20, 2016
Return Version
2015v2.1
Gross Receipts
$106,270
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

DescriptionGrantsExpenses
DURING 2015 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. CERTIFIED USSA SAILING INSRUCTORS WERE HIRED TO TEACH 65 YOUNG CHILDREN HOW TO SAIL AND RACE AND CONDUCT THEMSELVES ONTHE WATER. INFORMAL RACES AND CRUSISES WERE ALSO CONDUCTED ON THE WEEKENDS.-$113,317
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN CALLISCommodorePT$0--
CHRISTINE O'CONNORVice Commodo-$0--
RICK BRAILLETreasurer-$0--
SUE DAVISONSecretary-$0--
JOHN CALLISTrustee-$0--
JOHN BREUERTrustee-$0--
ROBERT BARNETTTrustee-$0--
VINNY CORRADOTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Wet Pants Sailing Association Inc
EIN
45-4864364
Phone
6318489140
Address
25 WASHINGTON STREET, SAYVILLE, NY 11782

Signing Officer

Name
John Callis
Title
Commodore
Phone
6318489140
Signed
2016-09-20
Discuss with paid preparer
Yes

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 payroll processing 592 insurance 9,158 sailboat repairs 1,669 social eventsregatta exp. 16,200 sailing school expenses 8,836 great so bay yra-dues 526 us sailing assn 157 supplies and clean up exp 2,808 outboard motor repairs 6,500 gas and oil 1,118 non-investment depreciation 3,092 total 50,656

Form 990-ez, Part II, Line 24

Sailboats, hoist, cpr equip, heater 17,818 20,319 less accumulated depreciation 3,270 6,361 total 14,548 13,958

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 2015 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. Certified ussa sailing insructors were hired to teach 65 young children how to sail and race and conduct themselves onthe water. Informal races and crusises were also conducted on the weekends.

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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PATCHOGUE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990EZ/ExcessOrDeficitForYearAmt0-7047
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IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN CALLIS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RICK BRAILLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SUE DAVISON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JOHN CALLIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JOHN BREUER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6ROBERT BARNETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7VINNY CORRADO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0COMMODORE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE COMMODO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TRUSTEE
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt013958
IRS990EZ/OtherExpensesTotalAmt050656
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE 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/PrintingPublicationsPostageAmt0150
IRS990EZ/ProgramServiceRevenueAmt085189
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DURING 2015 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. CERTIFIED USSA SAILING INSRUCTORS WERE HIRED TO TEACH 65 YOUNG CHILDREN HOW TO SAIL AND RACE AND CONDUCT THEMSELVES ONTHE WATER. INFORMAL RACES AND CRUSISES WERE ALSO CONDUCTED ON THE WEEKENDS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0113317
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IRS990EZ/TotalRevenueAmt0106270
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES PAYROLL PROCESSING 592 INSURANCE 9,158 SAILBOAT REPAIRS 1,669 SOCIAL EVENTSREGATTA EXP. 16,200 SAILING SCHOOL EXPENSES 8,836 GREAT SO BAY YRA-DUES 526 US SAILING ASSN 157 SUPPLIES AND CLEAN UP EXP 2,808 OUTBOARD MOTOR REPAIRS 6,500 GAS AND OIL 1,118 NON-INVESTMENT DEPRECIATION 3,092 TOTAL 50,656
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SAILBOATS, HOIST, CPR EQUIP, HEATER 17,818 20,319 LESS ACCUMULATED DEPRECIATION 3,270 6,361 TOTAL 14,548 13,958
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROVIDE 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/ExplanationTxt3DURING 2015 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. CERTIFIED USSA SAILING INSRUCTORS WERE HIRED TO TEACH 65 YOUNG CHILDREN HOW TO SAIL AND RACE AND CONDUCT THEMSELVES ONTHE WATER. INFORMAL RACES AND CRUSISES WERE ALSO CONDUCTED ON THE WEEKENDS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN CALLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COMMODORE
ReturnHeader/BusinessOfficerGrp/PhoneNum06318489140
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WET PANTS SAILING ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WETP
ReturnHeader/Filer/EIN0454864364
ReturnHeader/Filer/PhoneNum06318489140
ReturnHeader/Filer/USAddress/AddressLine1Txt025 WASHINGTON STREET
ReturnHeader/Filer/USAddress/CityNm0SAYVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011782
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203876835
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERT RICH COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014 PENNSYLVANIA PLAZA STE 2116
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010122
ReturnHeader/PreparerPersonGrp/PhoneNum02122169600
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT E RICH
ReturnHeader/ReturnTs02016-10-07T17:36:32-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings