Civic Intelligence

Sailfuture Inc.

990 • Fiscal year 2022 • EIN 46-3271817

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 08, 2023

2900 68th Ave SSaint Petersburg, FL 33712

(941) 291-9847

Siviq Scores

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

Liabilities / Assets

81st percentile

0.53x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

0.84x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

75th percentile

24%

Higher net margin than 75% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

38th percentile

$96,961

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

88th percentile

41%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

14%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$6,315,958

Up $1,842,842 (+41%) from 2021

Net Assets

Up

$2,967,272

Up $970,042 (+49%) from 2021

Liabilities

Up

$3,348,686

Up $872,800 (+35%) from 2021

Revenue

Up

$4,001,733

Up $494,524 (+14%) from 2021

Expenses

Up

$3,031,691

Up $883,988 (+41%) from 2021

Net Income

Down

$970,042

Down $389,464 (-29%) from 2021

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $4,064Liabilities 2013: $02013Assets 2014: $33,300Liabilities 2014: $02014Assets 2015: $186,049Liabilities 2015: $122,171Net Assets 2015: $63,8782015Assets 2016: $1,252,428Liabilities 2016: $870,148Net Assets 2016: $382,2802016Assets 2017: $1,233,473Liabilities 2017: $911,475Net Assets 2017: $321,9982017Assets 2018: $1,275,103Liabilities 2018: $986,893Net Assets 2018: $288,2102018Assets 2019: $2,307,167Liabilities 2019: $1,280,554Net Assets 2019: $1,026,6132019Assets 2020: $2,767,438Liabilities 2020: $2,129,714Net Assets 2020: $637,7242020Assets 2021: $4,473,116Liabilities 2021: $2,475,886Net Assets 2021: $1,997,2302021Assets 2022: $6,315,958Liabilities 2022: $3,348,686Net Assets 2022: $2,967,2722022Assets 2023: $7,351,295Liabilities 2023: $3,321,081Net Assets 2023: $4,030,2142023Assets 2024: $7,975,193Liabilities 2024: $3,329,314Net Assets 2024: $4,645,8792024

Highlighted filing

2022

Assets$6,315,958
Liabilities$3,348,686
Net Assets$2,967,272

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $7,075Expenses 2013: $3,011Net Income 2013: $4,0642013Revenue 2014: $37,708Expenses 2014: $8,472Net Income 2014: $29,2362014Revenue 2015: $103,103Expenses 2015: $72,525Net Income 2015: $30,5782015Revenue 2016: $302,490Expenses 2016: $310,938Net Income 2016: -$8,4482016Revenue 2017: $185,360Expenses 2017: $320,759Net Income 2017: -$135,3992017Revenue 2018: $458,624Expenses 2018: $492,412Net Income 2018: -$33,7882018Revenue 2019: $639,953Expenses 2019: $687,890Net Income 2019: -$47,9372019Revenue 2020: $1,737,061Expenses 2020: $1,579,653Net Income 2020: $157,4082020Revenue 2021: $3,507,209Expenses 2021: $2,147,703Net Income 2021: $1,359,5062021Revenue 2022: $4,001,733Expenses 2022: $3,031,691Net Income 2022: $970,0422022Revenue 2023: $3,711,427Expenses 2023: $2,648,485Net Income 2023: $1,062,9422023Revenue 2024: $3,417,500Expenses 2024: $2,801,835Net Income 2024: $615,6652024

Highlighted filing

2022

Revenue$4,001,733
Expenses$3,031,691
Net Income$970,042
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 8, 2023
Return Version
2021v4.2
Gross Receipts
$4,001,733
Mission and Program Overview

Mission

To use sailing as a tool to build lifelong relationships between troubled teens who are transitioning back into society and connect them with passionate mentors who will act as role models during the journey

To use sailing as a tool to build lifelong relationships between troubled teens who are transitioning back into society and connect them with passionate mentors who will act as role models during the journey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,354,746$3,214,311▼ $140,435
Cash and Non-Interest-Bearing Accounts$1,118,370$3,101,647▲ $1,983,277
Total Assets$4,473,116$6,315,958▲ $1,842,842
Liabilities
Other Liabilities$2,248,842$3,023,758▲ $774,916
Mortgage Notes Payable Secured by Investment Property$184,464$319,515▲ $135,051
Accounts Payable and Accrued Expenses$42,580$5,413▼ $37,167
Total Liabilities$2,475,886$3,348,686▲ $872,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,997,230$2,967,272▲ $970,042
Total Net Assets Fund Balance$1,997,230$2,967,272▲ $970,042
Total Liabilities and Net Assets / Fund Balance$4,473,116$6,315,958▲ $1,842,842

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,090,821$315,457$2,406,278
Buildings$937,220$275,280$1,212,500
Leasehold Improvements$186,270$40,266$226,536
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael LongPresidentFT$96,961$96,961

Board Members and Trustees

NameTitle
Micah ThompsonDirector
Nelson ScottDirector
Andrew L GouldSecretary
Madeline ManloveTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$756,550
Program Service Revenue
$2,513,578
Investment Income
$0
Other Revenue
$731,605
All Other Contributions
$756,550
Change in Net Assets
$970,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,557,028
Salaries, Compensation, and Employee Benefits$1,474,663
Total Fundraising Expense$11,742
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$958,405$106,489-$1,064,894
Payroll Taxes$297,005$33,001-$330,006
Office Expenses$279,879$31,098-$310,977
Depreciation Depletion$158,437$17,604-$176,041
Insurance$154,041$17,116-$171,157
All Other Expenses$111,330$12,370-$123,700
Interest$95,699$10,633-$106,332
Occupancy$76,006$8,445-$84,451
Pension Plan Contributions$71,787$7,976-$79,763
Travel$55,828$6,203-$62,031
Information Technology$44,219$4,913-$49,132
Advertising$7,847$872-$8,719
Fees for Services Other$7,667$852-$8,519
Other Expenses$399$44$11,742$443
Total Functional Expenses$2,713,265$306,684$11,742$3,031,691
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$1,317,021
Mortgage - 4212 Cardinal Way$741,033
Sba$588,824
Fclf Refl Loan$376,880
Sba Loan-
Ppp-
Fclf-6369-
Fcfl-6349-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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 11

Form 990 is reviewed by the treasurer and president prior to signing and filing

Form 990, Part VI, Section B, Line 12 C

Board members are reminded at regular meetings to be aware of the organizations conflict of interest policy and dislose any interests that might give rise to conflicts

Form 990, Part VI, Section C, Line 19

The organizatino makes its governing documents and financial statements available to the public upon request by emailing to infosailfuture.org

Filing and Contact Details

Filer

Filer Name
Sailfuture Inc
EIN
46-3271817
Phone
9412919847
Address
2900 68TH AVE S, Saint Petersburg, FL 33712

Signing Officer

Name
Michael Long
Title
President
Phone
9412919847
Signed
2023-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Long
Formed
2013
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
72

Preparer

Firm
Thomas & Company CPA Pa
Address
9710 STIRLING RD STE 101, COOPER CITY, FL 33024
Preparer
Tony Thomas CPA
Phone
9544357272
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Real estate acquisition and donations during tax year

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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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IRS990/Desc0RESIDENTIAL INTERVENTION PROGRAM TO FOSTER TRANSFORMATIONAL CHANGE IN HIGH-RISK YOUTH BY DEVELOPING TRUST AND LONG TERM PERSONAL RELATIONSHIPS THROUGH SAILING EXPERIENCES, COUNSELING, EXPERIENTIAL EDUCATION AND LONG-TERM HOUSING. OUR RESIDENTIAL MODEL INCLUDES AN ACCREDITED EXPERIENTIAL HIGH SCHOOL, CHALLENGING SAILING EXPERIENCES, INDIVIDUAL COUNSELING AND JOB TRAINING.
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE TREASURER AND PRESIDENT PRIOR TO SIGNING AND FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REMINDED AT REGULAR MEETINGS TO BE AWARE OF THE ORGANIZATIONS CONFLICT OF INTEREST POLICY AND DISLOSE ANY INTERESTS THAT MIGHT GIVE RISE TO CONFLICTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATINO MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST BY EMAILING TO INFOSAILFUTURE.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REAL ESTATE ACQUISITION AND DONATIONS DURING TAX YEAR
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.SAILFUTURE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL LONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09412919847
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAILFUTURE INC
ReturnHeader/Filer/BusinessNameControlTxt0SAIL
ReturnHeader/Filer/EIN0463271817
ReturnHeader/Filer/PhoneNum09412919847
ReturnHeader/Filer/USAddress/AddressLine1Txt02900 68TH AVE S
ReturnHeader/Filer/USAddress/CityNm0Saint Petersburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033712
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0753125446
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMAS & COMPANY CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09710 STIRLING RD STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COOPER CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033024
ReturnHeader/PreparerPersonGrp/PhoneNum09544357272
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TONY THOMAS CPA
ReturnHeader/ReturnTs02023-02-08T12:42:53-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL

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