Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
41st percentile
Faster asset growth than 41% of similar nonprofits.
Revenue Growth
7th percentile
Faster revenue growth than 7% of similar nonprofits.
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
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
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.
| Description | Grants | Expenses |
|---|---|---|
| THE SAILING PROGRAM SERVES OVER 150 KIDS AND 50 ADULT STUDENTS EACH SUMMER. | $0 | $0 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MARK WELCOME | President | - | $0 | - | - |
| DREW WELCOME | Treasurer | - | $0 | - | - |
| PETER HUDSON | Secretary | - | $0 | - | - |
“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.”
“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^”
“Disposal of boats used for the foundation.”
“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”
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 | 0 |
| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | DREW WELCOME |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5183212905 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 163 MANNING COVE ROAD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MALTA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 12020 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 73398 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 71637 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 44 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -1361 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 800 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form1120PolFiledInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 114803 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 109892 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 1545 |
| IRS990EZ/GrossReceiptsAmt | 0 | 1589 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 1545 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 114803 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 109892 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 114803 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 109892 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MARK WELCOME |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DREW WELCOME |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | PETER HUDSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 41405 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 38255 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -3550 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 2150 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 0 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE SAILING PROGRAM SERVES OVER 150 KIDS AND 50 ADULT STUDENTS EACH SUMMER. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 2950 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 1589 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 1 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.SAILSARATOGAFOUNDATION.ORG |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 44 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1044 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1083 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 12805 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 23358 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 38334 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 1545 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 6600 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 25850 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 26100 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 19415 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 79510 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 117844 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 1589 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 7644 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 26933 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 38905 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 42773 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 117844 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 1589 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 7644 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 26933 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 38905 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 42773 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 117844 |
| 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 | 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^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Disposal of boats used for the foundation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part VI, Line 49 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Mark Welcome |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5189286187 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-04-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SARATOGA LAKE SAILING FOUNDATION INCORPORATED |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SARA |
| ReturnHeader/Filer/EIN | 0 | 475584910 |
| ReturnHeader/Filer/PhoneNum | 0 | 5189286187 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 163 MANNING COVE ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MALTA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 12020 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/ReturnTs | 0 | 2025-04-28T17:23:15-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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