Civic Intelligence

Saratoga Lake Sailing Foundation Incorporated

EIN 47-5584910 • 501(c)3 • Malta, NY

Profile

The organizations primary exempt purpose is to offer financial support to organizatons and activities which educate ameteur youth and adults in the sport of sailing. In addition, the organization aims to develop, promote, and advance the sports of recreational and competitive sailig in and around the saratoga lake, ny reigon.

163 Manning Cove RoadMalta, NY 12020

www.sailsaratogafoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

NTEE S • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

NTEE S • <$500k nonprofits • Source year 2024

Net Margin

2nd percentile

-86%

Higher net margin than 2% of similar nonprofits.

NTEE S12 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

NTEE S12 • <$500k nonprofits • Source year 2024

Asset Growth

41st percentile

-4.3%

Faster asset growth than 41% of similar nonprofits.

NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-79%

Faster revenue growth than 7% of similar nonprofits.

NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$109,892

Down $4,911 (-4.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$109,892

Down $4,911 (-4.3%) from 2023

Revenue

Down

$1,589

Down $6,056 (-79%) from 2023

Expenses

Down

$2,950

Down $2,049 (-41%) from 2023

Net Income

Down

-$1,361

Down $4,007 (-151%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2018: $11,700Liabilities 2018: $0Net Assets 2018: $11,7002018Assets 2019: $27,567Liabilities 2019: $0Net Assets 2019: $27,5672019Assets 2020: $58,050Liabilities 2020: $02020Assets 2021: $86,456Net Assets 2021: $86,4562021Assets 2022: $103,552Liabilities 2022: $0Net Assets 2022: $103,5522022Assets 2023: $114,803Liabilities 2023: $0Net Assets 2023: $114,8032023Assets 2024: $109,892Liabilities 2024: $0Net Assets 2024: $109,8922024

Highlighted filing

2024

Assets$109,892
Liabilities$0
Net Assets$109,892

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2018: $17,099Expenses 2018: $23,522Net Income 2018: -$6,4232018Revenue 2019: $33,358Expenses 2019: $36,491Net Income 2019: -$3,1332019Revenue 2020: $42,773Expenses 2020: $12,290Net Income 2020: $30,4832020Revenue 2021: $30,955Expenses 2021: $2,549Net Income 2021: $28,4062021Revenue 2022: $26,933Expenses 2022: $9,837Net Income 2022: $17,0962022Revenue 2023: $7,645Expenses 2023: $4,999Net Income 2023: $2,6462023Revenue 2024: $1,589Expenses 2024: $2,950Net Income 2024: -$1,3612024

Highlighted filing

2024

Revenue$1,589
Expenses$2,950
Net Income-$1,361

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 28, 2025
Return Version
2024v5.0
Gross Receipts
$1,589
Mission and Program Overview

Mission

The mission of the corporation shall be:Offering financial support to organizations and activities which educate amateur youth and adults in the sport of sailing. Develop, promote and advance the sports of recreational and competitive sailing in and around Saratoga Lake NY region.

The organizations primary exempt purpose is to offer financial support to organizatons and activities which educate ameteur youth and adults in the sport of sailing. In addition, the organization aims to develop, promote, and advance the sports of recreational and competitive sailig in and around the saratoga lake, ny reigon.

Program Services

DescriptionGrantsExpenses
THE SAILING PROGRAM SERVES OVER 150 KIDS AND 50 ADULT STUDENTS EACH SUMMER.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK WELCOMEPresident-$0--
DREW WELCOMETreasurer-$0--
PETER HUDSONSecretary-$0--
Governance and Compliance

Governance Explanations

Form 990-EZ, Part VI, Line 49

The saratoga lake sailing foundation, as stated in the mission statement of the foundation, affiliates with the saratoga lake sailing club inc. And the saratoga sailing school, directly or with any successor organization to help provide scholarships to youth sailors who can no longer afford summer sailing camps due to personal or family situations. In addition, the foundation funds the purchase of new sailing equipment, including boats and supplies, for sailing camps in the saratoga reigon that cannot otherwise afford them without substantially raising camp fees. The saratoga lake sailing foundation also loans its boats to the saratoga lake sailing club for use in their training programs.

Filing and Contact Details

Filer

Filer Name
Saratoga Lake Sailing Foundation Incorporated
EIN
47-5584910
Phone
5189286187
Address
163 MANNING COVE ROAD, MALTA, NY 12020

Signing Officer

Name
Mark Welcome
Title
President
Phone
5189286187
Signed
2025-04-28
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^US Sailing Reimbursements;1130|Level 1 Instructor Reimbursements;920|NYS Charities Beareau 2022 Payment;50|NYS Charities Beareau 2023 Payment;50^Total;2150^

Form 990-EZ, Part I, Line 20

Disposal of boats used for the foundation.

Form 990-EZ, Part II, Line 24

Form 990-EZ, Part II, Line 24 - THE SARATOGA LAKE SAILING FOUNDATION HAS A FLEET OF BOATS AND EQUIPMENT THAT WERE PURCHASED OR DONATED TO THE FOUNDATION AND IN USE BY THE SARATOGA LAKE SAILING CLUB PROGRAM

Raw XML Appendix174 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/OfficerDirectorTrusteeEmplGrp/PersonNm0MARK WELCOME
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO OFFER FINANCIAL SUPPORT TO ORGANIZATONS AND ACTIVITIES WHICH EDUCATE AMETEUR YOUTH AND ADULTS IN THE SPORT OF SAILING. IN ADDITION, THE ORGANIZATION AIMS TO DEVELOP, PROMOTE, AND ADVANCE THE SPORTS OF RECREATIONAL AND COMPETITIVE SAILIG IN AND AROUND THE SARATOGA LAKE, NY REIGON.
IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^US Sailing Reimbursements;1130|Level 1 Instructor Reimbursements;920|NYS Charities Beareau 2022 Payment;50|NYS Charities Beareau 2023 Payment;50^Total;2150^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Disposal of boats used for the foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990-EZ, Part II, Line 24 - THE SARATOGA LAKE SAILING FOUNDATION HAS A FLEET OF BOATS AND EQUIPMENT THAT WERE PURCHASED OR DONATED TO THE FOUNDATION AND IN USE BY THE SARATOGA LAKE SAILING CLUB PROGRAM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SARATOGA LAKE SAILING FOUNDATION, AS STATED IN THE MISSION STATEMENT OF THE FOUNDATION, AFFILIATES WITH THE SARATOGA LAKE SAILING CLUB INC. AND THE SARATOGA SAILING SCHOOL, DIRECTLY OR WITH ANY SUCCESSOR ORGANIZATION TO HELP PROVIDE SCHOLARSHIPS TO YOUTH SAILORS WHO CAN NO LONGER AFFORD SUMMER SAILING CAMPS DUE TO PERSONAL OR FAMILY SITUATIONS. IN ADDITION, THE FOUNDATION FUNDS THE PURCHASE OF NEW SAILING EQUIPMENT, INCLUDING BOATS AND SUPPLIES, FOR SAILING CAMPS IN THE SARATOGA REIGON THAT CANNOT OTHERWISE AFFORD THEM WITHOUT SUBSTANTIALLY RAISING CAMP FEES. THE SARATOGA LAKE SAILING FOUNDATION ALSO LOANS ITS BOATS TO THE SARATOGA LAKE SAILING CLUB FOR USE IN THEIR TRAINING PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part VI, Line 49
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Mark Welcome
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05189286187
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SARATOGA LAKE SAILING FOUNDATION INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0SARA
ReturnHeader/Filer/EIN0475584910
ReturnHeader/Filer/PhoneNum05189286187
ReturnHeader/Filer/USAddress/AddressLine1Txt0163 MANNING COVE ROAD
ReturnHeader/Filer/USAddress/CityNm0MALTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012020
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-04-28T17:23:15-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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