Civic Intelligence

Valhalla Sailing Project Ltd.

990EZ • Fiscal year 2024 • EIN 47-5260622

Nov 01, 2023 to Oct 31, 2024 • Filed on Jan 21, 2025

326 First St STE 401Annapolis, MD 21403

(678) 576-6209

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

35th percentile

-3.5%

Higher net margin than 35% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

53rd percentile

2.8%

Faster asset growth than 53% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

21%

Faster revenue growth than 69% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$91,256

Up $2,521 (+2.8%) from 2023

Net Assets

Up

$91,256

Up $2,521 (+2.8%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$62,919

Up $10,912 (+21%) from 2023

Expenses

Up

$65,119

Up $26,616 (+69%) from 2023

Net Income

Down

-$2,200

Down $15,704 (-116%) from 2023

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: $88,735Net Assets 2023: $88,7352023Assets 2024: $91,256Net Assets 2024: $91,2562024Assets 2025: $94,992Net Assets 2025: $94,9922025

Highlighted filing

2024

Assets$91,256
Liabilities-
Net Assets$91,256

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

2024

Revenue$62,919
Expenses$65,119
Net Income-$2,200
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Jan 21, 2025
Return Version
2023v6.0
Gross Receipts
$66,078
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
Community awareness of Valhalla Sailing Project's programs to promote suicide prevention amongst military veterans$0$999
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.$0$900
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael WoodExecutive DirectorPT$0--
Katie FreemanDirectorPT$0--
James McGinnisCo-Founder, Exec EmeritusPT$0--
James DarlingtonDirector-Boat ManagerPT$0--
Jeremy DublonDirector -Community OutreachPT$0--
Amy PantojaSecretaryPT$0--
Samuel HoloviakTreasurerPT$0--
Chris JungeDirector-Race MgrPT$0--
Filing and Contact Details

Filer

Filer Name
Valhalla Sailing Project Ltd
EIN
47-5260622
Phone
6785766209
Address
326 First St STE 401, Annapolis, MD 21403

Signing Officer

Name
Samuel J Holoviak
Title
Treasurer
Phone
6785766209
Signed
2025-01-21
Supplemental Narrative

Additional Explanations

Part I, Line 10

Grave stone for WWII vet, Eastport Yacht club foundation, Veteran in need support (suicide prevention).

Part I, Line 16

Boat slip fees, dry storage fee, boat repairs license and permits for each boat

Part I, Line 20

Damage to boats during the year due to weather and equipment failure.

Part II, Line 24

Value of Boats used in training, value of all associated sails, equipment and devices used on boats and in the Training facility.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Grave stone for WWII vet, Eastport Yacht club foundation, Veteran in need support (suicide prevention).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Boat slip fees, dry storage fee, boat repairs license and permits for each boat
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Damage to boats during the year due to weather and equipment failure.
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Samuel J Holoviak
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06785766209
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALHALLA SAILING PROJECT LTD
ReturnHeader/Filer/BusinessNameControlTxt0VALH
ReturnHeader/Filer/EIN0475260622
ReturnHeader/Filer/PhoneNum06785766209
ReturnHeader/Filer/USAddress/AddressLine1Txt0326 First St STE 401
ReturnHeader/Filer/USAddress/CityNm0Annapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021403
ReturnHeader/ReturnTs02025-01-21T23:57:58Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-11-01
ReturnHeader/TaxPeriodEndDt02024-10-31
ReturnHeader/TaxYr02023

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