Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Lake Ontario Optimist Sailing Team Inc
EIN 46-2778033 • 501(c)7 • Scituate, MA
Profile
The purpose of the lake ontario optimist sailing team inc is to educate and instruct children on the sport of sailboat racing.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
69th percentile
Higher net margin than 69% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
77th percentile
Faster asset growth than 77% of similar nonprofits.
Revenue Growth
57th percentile
Faster revenue growth than 57% of similar nonprofits.
Balance Sheet
Assets
Up$95,511
Up $40,237 (+73%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Up$95,511
Up $40,237 (+73%) from 2023
Revenue
Down$142,162
Down $3,432 (-2.4%) from 2023
Expenses
Down$101,925
Down $40,474 (-28%) from 2023
Net Income
Up$40,237
Up $37,042 (+1159%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $95,511
- Liabilities
- -
- Net assets
- $95,511
- Revenue
- $142,162
- Expenses
- $101,925
- Net income
- $40,237
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 15, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $142,162
Mission and Program Overview
Mission
The purpose of the lake ontario optimist sailing team inc is to educate and instruct children on the sport of sailboat racing.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SEE SCHEDULE O | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JAMES LIPP | President | PT | $0 | - | - |
| CUTTER SMITH | Vice President | PT | $0 | - | - |
| JENNIFER GREENBERG | Treasurer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Lake Ontario Optimist Sailing Team Inc
- EIN
- 46-2778033
- Phone
- 6175131333
- Address
- 172 CORNET STETSON ROAD, SCITUATE, MA 02066
Signing Officer
- Name
- Jennifer Greenberg
- Title
- Treasurer
- Phone
- 6175131333
- Signed
- 2025-05-15
Preparer
- Firm
- Peter Klugewicz
- Address
- 120 VERNON AVE, ROCKVILLE CENTRE, NY 11570
- Preparer
- Peter Klugewicz
- Phone
- 5166039142
Supplemental Narrative
Additional Explanations
Other
“Form 990-ez part iii, line 28 program service accomplishments:”
Other
“Lake ontario optimist sailing team selects 12-13 children to participate in the summer program that runs for 45-50 days in july through august. Participants receive expert training and development skills through an internationally acclaimed coach. During the program children will travel to 5-7 national competitions against other elite sailing programs.”
Other
“Form 990-ez part v information regarding personal benefit contracts:”
Other
“The organization did not, during the year, receive any funds, directly or indirectly to pay premiums on a personal benefit contract.the organization did not, during the year. Pay any premiums directly or indirectly on a personal benefit contract.”
Form 990EZ, Part I, Line 16
“BANK CHARGES 147.”
Form 990EZ, Part I, Line 16
“Boat & trailer expenses 70.”
Form 990EZ, Part I, Line 16
“COACH EXPENSES 28436.”
Form 990EZ, Part I, Line 16
“INSURANCE 12920.”
Form 990EZ, Part I, Line 16
“Legal & professional services 370.”
Form 990EZ, Part I, Line 16
“TEAM FOOD 9684.”
Form 990EZ, Part I, Line 16
“OFFICE SUPPLIES 800.”
Form 990EZ, Part I, Line 16
“Repairs & maintenance 868.”
Form 990EZ, Part I, Line 16
“MEMBERSHIP FEES 525.”
Form 990EZ, Part I, Line 16
“SUPPLIES 6900.”
Form 990EZ, Part I, Line 16
“TAXES & LICENSES 2865.”
Form 990EZ, Part I, Line 16
“TRAVEL 5485.”
Form 990EZ, Part I, Line 16
“Miscellaneous expenses 8506.”
Raw XML Appendix137 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 | THE ORGANIZATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6175131333 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 172 CORNET STETSON ROAD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SCITUATE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02066 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 55274 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 95511 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 0 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 40237 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 55274 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 95511 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 142162 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 141712 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 55274 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 95511 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 55274 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 95511 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 24349 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JAMES LIPP |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | CUTTER SMITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JENNIFER GREENBERG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 77576 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PURPOSE OF THE LAKE ONTARIO OPTIMIST SAILING TEAM INC IS TO EDUCATE AND INSTRUCT CHILDREN ON THE SPORT OF SAILBOAT RACING. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 450 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SEE SCHEDULE O |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | FL |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 101925 |
| IRS990EZ/TotalRevenueAmt | 0 | 142162 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990-EZ PART III, LINE 28 PROGRAM SERVICE ACCOMPLISHMENTS: |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | LAKE ONTARIO OPTIMIST SAILING TEAM SELECTS 12-13 CHILDREN TO PARTICIPATE IN THE SUMMER PROGRAM THAT RUNS FOR 45-50 DAYS IN JULY THROUGH AUGUST. PARTICIPANTS RECEIVE EXPERT TRAINING AND DEVELOPMENT SKILLS THROUGH AN INTERNATIONALLY ACCLAIMED COACH. DURING THE PROGRAM CHILDREN WILL TRAVEL TO 5-7 NATIONAL COMPETITIONS AGAINST OTHER ELITE SAILING PROGRAMS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | FORM 990-EZ PART V INFORMATION REGARDING PERSONAL BENEFIT CONTRACTS: |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY OR INDIRECTLY TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION DID NOT, DURING THE YEAR. PAY ANY PREMIUMS DIRECTLY OR INDIRECTLY ON A PERSONAL BENEFIT CONTRACT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BANK CHARGES 147. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BOAT & TRAILER EXPENSES 70. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | COACH EXPENSES 28436. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | INSURANCE 12920. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | LEGAL & PROFESSIONAL SERVICES 370. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | TEAM FOOD 9684. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | OFFICE SUPPLIES 800. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | REPAIRS & MAINTENANCE 868. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | MEMBERSHIP FEES 525. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | SUPPLIES 6900. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | TAXES & LICENSES 2865. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | TRAVEL 5485. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | MISCELLANEOUS EXPENSES 8506. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Form 990EZ, Part I, Line 16 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JENNIFER GREENBERG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6175131333 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAKE ONTARIO OPTIMIST SAILING TEAM INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 462778033 |
| ReturnHeader/Filer/PhoneNum | 0 | 6175131333 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 172 CORNET STETSON ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SCITUATE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02066 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | PETER KLUGEWICZ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 120 VERNON AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ROCKVILLE CENTRE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 11570 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5166039142 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | PETER KLUGEWICZ |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T08:13:35-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
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