Civic Intelligence

Valhalla Sailing Project Ltd.

990EZ • Fiscal year 2023 • EIN 47-5260622

Nov 01, 2022 to Oct 31, 2023 • Filed on Dec 04, 2023

326 First St STE 401Annapolis, MD 21403

(678) 576-6029

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

79th percentile

26%

Higher net margin than 79% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

31st percentile

-11%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

5.6%

Faster revenue growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$88,735

Down $10,629 (-11%) from 2022

Net Assets

Down

$88,735

Down $10,629 (-11%) from 2022

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$52,007

Up $2,768 (+5.6%) from 2022

Expenses

Down

$38,503

Down $37,769 (-50%) from 2022

Net Income

Up

$13,504

Up $40,537 (+150%) from 2022

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2020: $87,830Net Assets 2020: $87,8302020Assets 2021: $126,397Liabilities 2021: $0Net Assets 2021: $126,3972021Assets 2022: $99,364Net Assets 2022: $99,3642022Assets 2023: $88,735Liabilities 2023: $0Net Assets 2023: $88,7352023Assets 2024: $91,256Net Assets 2024: $91,2562024Assets 2025: $94,992Net Assets 2025: $94,9922025

Highlighted filing

2023

Assets$88,735
Liabilities$0
Net Assets$88,735

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2020: $101,042Expenses 2020: $47,067Net Income 2020: $53,9752020Revenue 2021: $101,205Expenses 2021: $83,060Net Income 2021: $18,1452021Revenue 2022: $49,239Expenses 2022: $76,272Net Income 2022: -$27,0332022Revenue 2023: $52,007Expenses 2023: $38,503Net Income 2023: $13,5042023Revenue 2024: $62,919Expenses 2024: $65,119Net Income 2024: -$2,2002024Revenue 2025: $76,820Expenses 2025: $64,516Net Income 2025: $12,3042025

Highlighted filing

2023

Revenue$52,007
Expenses$38,503
Net Income$13,504
Jump To
Filing Snapshot
Filing Period
Nov 1, 2022 to Oct 31, 2023
Signed
Dec 4, 2023
Return Version
2022v5.0
Gross Receipts
$52,192
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.

Program Services

DescriptionGrantsExpenses
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 on the water days of sailboat racing events and family sailing cruises as well as offshore excursions.$25,000$32,000
Community awareness of Valhalla Sailing Project's programs to promote suicide prevention amongst military veterans$10,900$12,000
Purchase of 1 used boat to replace an old one to be used in training, clinics and fund raising or community awareness events.$2,000$4,500
Other program services (described in Schedule O)$0$2,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James McGinnisCo-Founder, Exec EmeritusPT$0--
Michael WoodExecutive DirectorPT$0--
Katie FreemanDirectorPT$0--
James DarlingtonDirectorPT$0--
Jeremy DublonDirectorPT$0--
Samuel HoloviakChief Financial OfficerPT$0--
Filing and Contact Details

Filer

Filer Name
Valhalla Sailing Project Ltd
EIN
47-5260622
Phone
6785766029
Address
326 First St STE 401, Annapolis, MD 21403

Signing Officer

Name
Samuel J Holoviak
Title
Board Chief Financial Officer
Phone
6785766029
Signed
2023-12-04
Supplemental Narrative

Additional Explanations

Part I, Line 10

Live Water Foundation, Proffitt Brothers Foundation, Oluv C. Joyner foundation, Blackbaud Giving fund

Part I, Line 16

Training materials, Safety equipment, Food and beverages, Boat repair/Upgrade equipment, Boat inspections/maintenance, Event supplies, Event registration, Boat purchases.

Part I, Line 20

Damage to boats during the year due to weather and collision.

Part II, Line 24

Value of Boats used in training

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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Samuel J Holoviak
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chief Financial Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum06785766029
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-04
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ReturnHeader/Filer/BusinessNameControlTxt0VALH
ReturnHeader/Filer/EIN0475260622
ReturnHeader/Filer/PhoneNum06785766029
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ReturnHeader/Filer/USAddress/CityNm0Annapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021403
ReturnHeader/ReturnTs02023-12-05T00:28:26Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-11-01
ReturnHeader/TaxPeriodEndDt02023-10-31
ReturnHeader/TaxYr02022

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