Civic Intelligence

Windmark Sailing Foundation Inc.

990 • Fiscal year 2019 • EIN 46-3234147

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

Organization ProfileWINDMARK.ORG
PO Box 638Oyster Bay, NY 11771

(516) 674-8008

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Asset Growth

6th percentile

-76%

Faster asset growth than 6% of similar nonprofits.

2019 filings • NTEE P20 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-30%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • NTEE P20 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$17,983

Down $56,159 (-76%) from 2018

Net Assets

Down

$17,983

Down $56,159 (-76%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin16th percentile

Revenue

Down

$275,960

Down $119,108 (-30%) from 2018

Expenses

Down

$332,119

Down $214,035 (-39%) from 2018

Net Income

Up

-$56,159

Up $94,927 (+63%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$1.0M$500K$0Assets 2013: $20,827Liabilities 2013: $02013Assets 2014: $52,475Liabilities 2014: $02014Assets 2015: $272,044Liabilities 2015: $0Net Assets 2015: $272,0442015Assets 2016: $263,114Liabilities 2016: $0Net Assets 2016: $263,1142016Assets 2017: $225,228Liabilities 2017: $0Net Assets 2017: $225,2282017Assets 2018: $74,142Liabilities 2018: $0Net Assets 2018: $74,1422018Assets 2019: $17,983Liabilities 2019: $0Net Assets 2019: $17,9832019Assets 2020: $18,569Liabilities 2020: $0Net Assets 2020: $18,5692020Assets 2021: $663,669Liabilities 2021: $0Net Assets 2021: $663,6692021Assets 2022: $761,342Liabilities 2022: $739Net Assets 2022: $760,6032022Assets 2023: $887,527Liabilities 2023: $2,151Net Assets 2023: $885,3762023Assets 2024: $972,067Liabilities 2024: $0Net Assets 2024: $972,0672024

Highlighted filing

2019

Assets$17,983
Liabilities$0
Net Assets$17,983
Open 2019 Filing

Operations Trend

Revenue Growth20th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $50,852Expenses 2013: $30,025Net Income 2013: $20,8272013Revenue 2014: $144,392Expenses 2014: $112,744Net Income 2014: $31,6482014Revenue 2015: $1,365,471Expenses 2015: $1,165,902Net Income 2015: $199,5692015Revenue 2016: $1,177,950Expenses 2016: $1,186,880Net Income 2016: -$8,9302016Revenue 2017: $172,311Expenses 2017: $210,197Net Income 2017: -$37,8862017Revenue 2018: $395,068Expenses 2018: $546,154Net Income 2018: -$151,0862018Revenue 2019: $275,960Expenses 2019: $332,119Net Income 2019: -$56,1592019Revenue 2020: $100,727Expenses 2020: $100,141Net Income 2020: $5862020Revenue 2021: $1,113,875Expenses 2021: $466,649Net Income 2021: $647,2262021Revenue 2022: $1,005,468Expenses 2022: $852,649Net Income 2022: $152,8192022Revenue 2023: $1,267,110Expenses 2023: $1,127,487Net Income 2023: $139,6232023Revenue 2024: $1,229,827Expenses 2024: $1,143,136Net Income 2024: $86,6912024

Highlighted filing

2019

Revenue$275,960
Expenses$332,119
Net Income-$56,159
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.1
Gross Receipts
$275,960
Mission and Program Overview

Mission

The foundation is organized and operated as a qualified amatuer sports foundation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$69,141$11,794▼ $57,347
Savings and Temporary Cash Investments$5,001$6,189▲ $1,188
Total Assets$74,142$17,983▼ $56,159
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$74,142$17,983▼ $56,159
Total Net Assets Fund Balance$74,142$17,983▼ $56,159
Total Liabilities and Net Assets / Fund Balance$74,142$17,983▼ $56,159
Compensation and Service Providers
Top Officer Pay82nd percentile

Board Members and Trustees

NameTitle
John BertrandTrustee
Mark StrubeTrustee
Timothy MillerChief Executive Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$275,955
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$0
All Other Contributions
$275,955
Change in Net Assets
$-56,159

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$237,195Fair Market Value (FMV)
Total Noncash Contributions5$237,195-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,165
Grants and Similar Amounts Paid$153,954
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$153,954--$153,954
Travel-$118,685-$118,685
Fees for Services Accounting-$5,900-$5,900
Advertising-$3,032-$3,032
Office Expenses-$1,303-$1,303
Insurance-$761-$761
Fees for Services Other-$650-$650
Other Expenses-$440-$440
Conferences and Meetings-$400-$400
Total Functional Expenses$153,954$178,165$0$332,119
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 has been distributed to the full board for review prior to the filing with the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Windmark Sailing Foundation Inc
EIN
46-3234147
Phone
5166748008
Address
PO BOX 638, OYSTER BAY, NY 11771

Signing Officer

Name
Timothy Miller
Title
Chief Operating Officer
Phone
5166748008
Signed
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Miller
Formed
2013
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part III - Line 1

“Windmark sailing foundation, a delaware nonprofit foundation (the "foundation"), is organized and operated as a qualified amateur sports organization to raise the level of excellence among amateur american sailors by providing grants with the ultimate goal of developing and preparing them to compete in national and international competitions. The foundation has found that there is a gap in the funding needed for amateur american athletes in the field of sailing. Non-us international competitors often have national authorities providing the required infrastructure for their athletic competitions. Funding for us athletes for training and competing against these international competitors will allow us sailors to compete on a level playing field. To fill this gap, the foundation provides grants to its pre-qualified recipients to be able to afford top coaching, elite level equipment, travel and lodging expenses, and entrance fees which are all required to be competitive against the international field.”

Raw XML Appendix333 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WINDMARK SAILING FOUNDATION, A DELAWARE NONPROFIT FOUNDATION (THE "FOUNDATION"), IS ORGANIZED AND OPERATED AS A QUALIFIED AMATEUR SPORTS ORGANIZATION TO RAISE THE LEVEL OF EXCELLENCE AMONG AMATEUR AMERICAN SAILORS BY PROVIDING GRANTS WITH THE ULTIMATE GOAL OF DEVELOPING AND PREPARING THEM TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS. THE FOUNDATION HAS FOUND THAT THERE IS A GAP IN THE FUNDING NEEDED FOR AMATEUR AMERICAN ATHLETES IN THE FIELD OF SAILING. NON-US INTERNATIONAL COMPETITORS OFTEN HAVE NATIONAL AUTHORITIES PROVIDING THE REQUIRED INFRASTRUCTURE FOR THEIR ATHLETIC COMPETITIONS. FUNDING FOR US ATHLETES FOR TRAINING AND COMPETING AGAINST THESE INTERNATIONAL COMPETITORS WILL ALLOW US SAILORS TO COMPETE ON A LEVEL PLAYING FIELD. TO FILL THIS GAP, THE FOUNDATION PROVIDES GRANTS TO ITS PRE-QUALIFIED RECIPIENTS TO BE ABLE TO AFFORD TOP COACHING, ELITE LEVEL EQUIPMENT, TRAVEL AND LODGING EXPENSES, AND ENTRANCE FEES WHICH ARE ALL REQUIRED TO BE COMPETITIVE AGAINST THE INTERNATIONAL FIELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 HAS BEEN DISTRIBUTED TO THE FULL BOARD FOR REVIEW PRIOR TO THE FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III - LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0153954
IRS990/TotalFunctionalExpensesGrp/TotalAmt0332119
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt074142
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017983
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0153954
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0275960
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt074142
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017983
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0118685
IRS990/TravelGrp/TotalAmt0118685
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 638
IRS990/USAddress/CityNm0OYSTER BAY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011771
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WINDMARK.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF OPERATING OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum05166748008
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WINDMARK SAILING FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WIND
ReturnHeader/Filer/EIN0463234147
ReturnHeader/Filer/PhoneNum05166748008
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 638
ReturnHeader/Filer/USAddress/CityNm0OYSTER BAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011771
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08456209A529F0A54A22466BB41F537C3D8BD2447
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.17.235.214
ReturnHeader/FilingSecurityInformation/IPDt02020-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:52:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133628255
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONDON O'MEARA MCGINTY & DONNELLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BATTERY PARK PLAZA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010004
ReturnHeader/PreparerPersonGrp/PhoneNum02126617777
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES J REILLY
ReturnHeader/ReturnTs02020-11-15T12:21:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,983
Liabilities
$0
Net assets
$17,983
Revenue
$275,960
Expenses
$332,119
Net income
-$56,159
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$1.23$1.14$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$1.27$1.13$0.14
2022Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$1.01$0.85$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$1.11$0.47$0.65
2020Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.10$0.10$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.28$0.33$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.40$0.55$0.15
2017Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.17$0.21$0.04
2016Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$1.18$1.19$0.01
2015Summary only. Only limited summary data is available for this year.$0.27$0.00$0.27$1.37$1.17$0.20
2014Summary only. Only limited summary data is available for this year.$0.05$0.00$0.14$0.11$0.03
2013Summary only. Only limited summary data is available for this year.$0.02$0.00$0.05$0.03$0.02