Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Valhalla Sailing Project Ltd.
990EZ • Fiscal year 2022 • EIN 47-5260622
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
21st percentile
Faster asset growth than 21% of similar nonprofits.
Revenue Growth
11th percentile
Faster revenue growth than 11% of similar nonprofits.
Balance Sheet
Assets
Down$99,364
Down $27,033 (-21%) from 2021
Net Assets
Down$99,364
Down $27,033 (-21%) from 2021
Liabilities
Flat$0
Flat from 2021
Revenue And Expenses
Revenue
Down$49,239
Down $51,966 (-51%) from 2021
Expenses
Down$76,272
Down $6,788 (-8.2%) from 2021
Net Income
Down-$27,033
Down $45,178 (-249%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Nov 1, 2021 to Oct 31, 2022
- Signed
- Feb 18, 2023
- Return Version
- 2021v4.0
- Gross Receipts
- $54,218
Mission and Program Overview
Mission
In order to do its part in attempting to reduce the instances of Veteran suicide and provide healthy tools to cope with Post Traumatic Stress, Valhalla Sailing Projects' fundamental mission is to provide Veterans the opportunity to forge post-service relationships and a support system through the sport of sailing.
In order to do its part in attempting to reduce the instances of Veteran suicide and provide healthy tools to cope with Post Traumatic Stress, Valhalla Sailing Project's fundamental mission is to provide Veterans the opportunity to forge post-service relationships and a support system through the sport of sailing.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Purchase of 2 used boats to replace an old one to be used in training, clinics and events | $25,000 | $35,000 |
| Community awareness of VSP's programs to promote suicide prevention amongst military veterans. | $10,000 | $11,231 |
| Integrate wounded, disabled and transitioning veterans into a cohesive family style environment that aided them in coping with post-traumatic- stress. This was accomplished through four (4) weekend introduction to sailing clinics, over 30-days of sailboat racing events and family sailing cruises as well as offshore excursions. | $900 | $4,979 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| James McGinnis | Exec Director | PT | $0 | - | - |
| Mike Wood | Co-Founder, Exec Emeritus | PT | $0 | - | - |
| Katie Freeman | Director | PT | $0 | - | - |
| Jeremy Dublon | Director | PT | $0 | - | - |
| James Darlington | Director | PT | $0 | - | - |
| Sam Holoviak | Treasurer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Valhalla Sailing Project Ltd
- EIN
- 47-5260622
- Address
- 326 First St STE 401, Annapolis, MD 21403
Signing Officer
- Name
- Sam Holoviak
- Title
- Board Treasurer
- Signed
- 2023-02-18
Supplemental Narrative
Additional Explanations
Part I, Line 10
“Live Water Foundation”
Part II, line 24
“Training Materials, Safety Equipment, Food and Beverages, boat Repair/Upgrade equipment, boat inspections/maintenance, Event Supplies, Event Registration, boat Purchase.”
Part II, Line 24
“Value of Boats use in training.”
Raw XML Appendix185 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/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
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| IRS990EZ/OtherEmployeePaidOver100kCnt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 53556 |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
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| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | -4979 |
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| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/TanningServicesProvidedInd | 0 | false |
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| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Live Water Foundation |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Training Materials, Safety Equipment, Food and Beverages, boat Repair/Upgrade equipment, boat inspections/maintenance, Event Supplies, Event Registration, boat Purchase. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Value of Boats use in training. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, Line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part II, line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part II, Line 24 |
| ReturnHeader/BuildTS | 0 | 2023-03-07 01:45:13Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Sam Holoviak |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Board Treasurer |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-02-18 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VALHALLA SAILING PROJECT LTD |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VALH |
| ReturnHeader/Filer/EIN | 0 | 475260622 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 326 First St STE 401 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Annapolis |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 21403 |
| ReturnHeader/ReturnTs | 0 | 2023-02-18T00:44:18Z |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-11-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-10-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $99,364
- Liabilities
- $0
- Net assets
- $99,364
- Revenue
- $49,239
- Expenses
- $76,272
- Net income
- -$27,033