Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
990EZ • Fiscal year 2023 • EIN 47-5260622
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
79th percentile
Higher net margin than 79% 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
31st percentile
Faster asset growth than 31% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
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
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.
| Description | Grants | Expenses |
|---|---|---|
| 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 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| James McGinnis | Co-Founder, Exec Emeritus | PT | $0 | - | - |
| Michael Wood | Executive Director | PT | $0 | - | - |
| Katie Freeman | Director | PT | $0 | - | - |
| James Darlington | Director | PT | $0 | - | - |
| Jeremy Dublon | Director | PT | $0 | - | - |
| Samuel Holoviak | Chief Financial Officer | PT | $0 | - | - |
“Live Water Foundation, Proffitt Brothers Foundation, Oluv C. Joyner foundation, Blackbaud Giving fund”
“Training materials, Safety equipment, Food and beverages, Boat repair/Upgrade equipment, Boat inspections/maintenance, Event supplies, Event registration, Boat purchases.”
“Damage to boats during the year due to weather and collision.”
“Value of Boats used in training”
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 | Samuel Holoviak |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6785766029 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 326 First St |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | Suite 401 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Annapolis |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 21403 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 44364 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 46116 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 48316 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 185 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 13504 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 745 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 99364 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 88735 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 2086 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 1250 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 1132 |
| IRS990EZ/GrossReceiptsAmt | 0 | 52192 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 1317 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 473 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 99364 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 88735 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 99364 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 88735 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 23395 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 15.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 15.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 15.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | James McGinnis |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Michael Wood |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Katie Freeman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | James Darlington |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Jeremy Dublon |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Samuel Holoviak |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Co-Founder, Exec Emeritus |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Executive Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Chief Financial Officer |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 55000 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 42619 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -24133 |
| IRS990EZ/OtherEmployeePaidOver100kCnt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 12933 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 180 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Community awareness of Valhalla Sailing Project's programs to promote suicide prevention amongst military veterans |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | Purchase of 1 used boat to replace an old one to be used in training, clinics and fund raising or community awareness events. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 3 | Other program services (described in Schedule O) |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 25000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 10900 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 2 | 2000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 3 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 32000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 12000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 4500 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 3 | 2500 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 2086 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 38503 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 51000 |
| IRS990EZ/TotalRevenueAmt | 0 | 52007 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | valhallasailing.org |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 48316 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 192062 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 101205 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 49292 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 28467 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 419342 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 419342 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 48316 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 192062 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 101205 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 49292 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 28467 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 419342 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 48316 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 192062 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 101205 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 49292 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 28467 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 419342 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Live Water Foundation, Proffitt Brothers Foundation, Oluv C. Joyner foundation, Blackbaud Giving fund |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Training materials, Safety equipment, Food and beverages, Boat repair/Upgrade equipment, Boat inspections/maintenance, Event supplies, Event registration, Boat purchases. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Damage to boats during the year due to weather and collision. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Value of Boats used in training |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, Line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part II, Line 24 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Samuel J Holoviak |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Board Chief Financial Officer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6785766029 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-12-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VALHALLA SAILING PROJECT LTD |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VALH |
| ReturnHeader/Filer/EIN | 0 | 475260622 |
| ReturnHeader/Filer/PhoneNum | 0 | 6785766029 |
| 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 | 2023-12-05T00:28:26Z |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-11-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-10-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.