Civic Intelligence

Severn Sailing Association

990 • Fiscal year 2015 • EIN 52-0739274

Oct 01, 2014 to Sep 30, 2015 • Filed on May 09, 2016

Organization ProfileWWW.SEVERNSAILING.ORG
311 First StreetAnnapolis, MD 21403

(410) 268-8744

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.28x

Higher debt load relative to assets than 52% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.91x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Net Margin

15th percentile

-7.7%

Higher net margin than 15% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Asset Growth

30th percentile

-2.7%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

76th percentile

10%

Faster revenue growth than 76% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$2,451,500

Down $68,474 (-2.7%) from 2014

Net Assets

Down

$1,756,989

Down $80,774 (-4.4%) from 2014

Liabilities

Up

$694,511

Up $12,300 (+1.8%) from 2014

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin15th percentile

Revenue

Up

$762,428

Up $69,929 (+10%) from 2014

Expenses

Up

$821,202

Up $46,799 (+6.0%) from 2014

Net Income

Up

-$58,774

Up $23,130 (+28%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,980,578Liabilities 2011: $18,481Net Assets 2011: $1,962,0972011Assets 2012: $2,458,906Liabilities 2012: $476,866Net Assets 2012: $1,982,0402012Assets 2013: $2,619,805Liabilities 2013: $700,138Net Assets 2013: $1,919,6672013Assets 2014: $2,519,974Liabilities 2014: $682,211Net Assets 2014: $1,837,7632014Assets 2015: $2,451,500Liabilities 2015: $694,511Net Assets 2015: $1,756,9892015Assets 2016: $2,323,866Liabilities 2016: $626,768Net Assets 2016: $1,697,0982016Assets 2017: $2,240,176Liabilities 2017: $562,405Net Assets 2017: $1,677,7712017Assets 2018: $2,205,629Liabilities 2018: $530,403Net Assets 2018: $1,675,2262018Assets 2019: $2,217,244Liabilities 2019: $503,424Net Assets 2019: $1,713,8202019Assets 2020: $2,252,259Liabilities 2020: $482,961Net Assets 2020: $1,769,2982020Assets 2021: $2,369,699Liabilities 2021: $441,433Net Assets 2021: $1,928,2662021Assets 2022: $2,596,008Liabilities 2022: $438,712Net Assets 2022: $2,157,2962022Assets 2023: $3,411,211Liabilities 2023: $1,029,721Net Assets 2023: $2,381,4902023Assets 2024: $3,509,202Liabilities 2024: $997,377Net Assets 2024: $2,511,8252024

Highlighted filing

2015

Assets$2,451,500
Liabilities$694,511
Net Assets$1,756,989
Open 2015 Filing

Operations Trend

Revenue Growth76th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $598,8202011Expenses 2012: $597,5972012Expenses 2013: $700,5752013Revenue 2014: $692,499Expenses 2014: $774,403Net Income 2014: -$81,9042014Revenue 2015: $762,428Expenses 2015: $821,202Net Income 2015: -$58,7742015Revenue 2016: $734,897Expenses 2016: $789,973Net Income 2016: -$55,0762016Revenue 2017: $773,495Expenses 2017: $792,822Net Income 2017: -$19,3272017Revenue 2018: $765,523Expenses 2018: $768,187Net Income 2018: -$2,6642018Revenue 2019: $775,551Expenses 2019: $736,241Net Income 2019: $39,3102019Revenue 2020: $749,212Expenses 2020: $693,734Net Income 2020: $55,4782020Revenue 2021: $881,945Expenses 2021: $728,949Net Income 2021: $152,9962021Revenue 2022: $970,520Expenses 2022: $741,490Net Income 2022: $229,0302022Revenue 2023: $1,119,367Expenses 2023: $895,173Net Income 2023: $224,1942023Revenue 2024: $1,228,208Expenses 2024: $1,097,873Net Income 2024: $130,3352024

Highlighted filing

2015

Revenue$762,428
Expenses$821,202
Net Income-$58,774
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
May 9, 2016
Return Version
2014v6.0
Gross Receipts
$775,932
Mission and Program Overview

Mission

Non profit operation of yacht and sailing club

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,145,456$2,057,563▼ $87,893
Rtn Earn Endowment Incm Other Fnds$1,837,763$1,756,989▼ $80,774
Savings and Temporary Cash Investments$302,597$361,308▲ $58,711
Cash and Non-Interest-Bearing Accounts$71,588$30,579▼ $41,009
Prepaid Expenses and Deferred Charges-$2,050-
Total Assets$2,519,974$2,451,500▼ $68,474
Other Assets Total$333--
Liabilities
Other Liabilities$682,211$671,727▼ $10,484
Deferred Revenue-$22,784-
Total Liabilities$682,211$694,511▲ $12,300
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,837,763$1,756,989▼ $80,774
Total Liabilities and Net Assets / Fund Balance$2,519,974$2,451,500▼ $68,474

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,952,214$1,054,986$3,007,200
Land$105,349-$105,349
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Peter Julie RichCommodore
Alon FinkelsteinFleet Captai
Andrew ColeMember at La
Jonathan PhillipsMember at La
David Helen KoepperPast Commodo
Jesse FalsoneRear Commodo
Henry ThomasSecretary
Tip CliftonTreasurer
Kim CouranzVice Commodo
Revenue and Support

Revenue Composition

Contributions and Grants
$183,831
Program Service Revenue
$564,745
Investment Income
$-6,580
Other Revenue
$20,432
Change in Net Assets
$-58,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$531,574
Salaries, Compensation, and Employee Benefits$289,628
Total Fundraising Expense$9,554
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$265,175--$265,175
Depreciation Depletion$149,880--$149,880
All Other Expenses$81,135$4,743$9,554$95,432
Insurance$80,178--$80,178
Other Expenses$27,570$39,529-$27,570
Interest-$25,677-$25,677
Payroll Taxes$21,507--$21,507
Travel$16,416--$16,416
Fees for Services Accounting-$4,587-$4,587
Office Expenses-$4,434-$4,434
Advertising$3,773--$3,773
Pension Plan Contributions$2,946--$2,946
Fees for Services Legal$776--$776
Fees for Services Other$740--$740
Total Functional Expenses$732,678$78,970$9,554$821,202
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bank of America - Renovation Loan$646,184
Certificate of Beneficial Int$17,200
Payroll Liabilities$7,963
Credit Cards Payable$317
Sales Tax Payable$63
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Severn Sailing Association
EIN
52-0739274
Address
311 FIRST STREET, ANNAPOLIS, MD 21403

Signing Officer

Name
T E Clifton
Title
Treasurer
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Rich
Formed
1954
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
225

Preparer

Firm
Annapolis Accounting Services Inc
Address
2014 RENARD CT STE H, ANNAPOLIS, MD 21401-6764
Preparer
Chris Battista CPA
Phone
4105730410
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Operation of yacht and sailing club”

Form 990, Part IX, Line 24E

“Boat repairs 26,341 0 0 utilities 14,978 0 0 trophies 14,486 0 0 fundraising expenses 0 0 9,554 fuel 8,057 0 0 credit card fees 6,836 0 0 telephone 0 4,743 0 license and permits 3,215 0 0 operating supplies 2,822 0 0 equipment 1,656 0 0 bank charges 1,439 0 0 dues and subscriptions 1,305 0 0”

Raw XML Appendix357 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CERTIFICATE OF BENEFICIAL INT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CREDIT CARDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02057563
IRS990ScheduleD/TotalLiabilityAmt0671727
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATION OF YACHT AND SAILING CLUB
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOAT REPAIRS 26,341 0 0 UTILITIES 14,978 0 0 TROPHIES 14,486 0 0 FUNDRAISING EXPENSES 0 0 9,554 FUEL 8,057 0 0 CREDIT CARD FEES 6,836 0 0 TELEPHONE 0 4,743 0 LICENSE AND PERMITS 3,215 0 0 OPERATING SUPPLIES 2,822 0 0 EQUIPMENT 1,656 0 0 BANK CHARGES 1,439 0 0 DUES AND SUBSCRIPTIONS 1,305 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02519974
IRS990/TotalAssetsEOYAmt02451500
IRS990/TotalAssetsGrp/BOYAmt02519974
IRS990/TotalAssetsGrp/EOYAmt02451500
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0183831
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09554
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078970
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0732678
IRS990/TotalFunctionalExpensesGrp/TotalAmt0821202
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0682211
IRS990/TotalLiabilitiesEOYAmt0694511
IRS990/TotalLiabilitiesGrp/BOYAmt0682211
IRS990/TotalLiabilitiesGrp/EOYAmt0694511
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01837763
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01756989
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt06961
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt06961
IRS990/TotalProgramServiceExpensesAmt0732678
IRS990/TotalProgramServiceRevenueAmt0564745
IRS990/TotalRevenueGrp/ExclusionAmt0424
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0578173
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0762428
IRS990/TotalVolunteersCnt0225
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02519974
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02451500
IRS990/TravelGrp/ProgramServicesAmt016416
IRS990/TravelGrp/TotalAmt016416
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01146 MAINSAIL DRIVE
IRS990/USAddress/CityNm0ANNAPOLIS
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021403
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.SEVERNSAILING.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0T E CLIFTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEVERN SAILING ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0SEVE
ReturnHeader/Filer/EIN0520739274
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 FIRST STREET
ReturnHeader/Filer/USAddress/CityNm0ANNAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0522248341
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANNAPOLIS ACCOUNTING SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02014 RENARD CT STE H
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANNAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0214016764
ReturnHeader/PreparerPersonGrp/PhoneNum04105730410
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS BATTISTA CPA
ReturnHeader/ReturnTs02016-05-16T12:34:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,451,500
Liabilities
$694,511
Net assets
$1,756,989
Revenue
$762,428
Expenses
$821,202
Net income
-$58,774
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$1.00$2.51$1.23$1.10$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.41$1.03$2.38$1.12$0.90$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.44$2.16$0.97$0.74$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$0.44$1.93$0.88$0.73$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.48$1.77$0.75$0.69$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.50$1.71$0.78$0.74$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.53$1.68$0.77$0.77$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.56$1.68$0.77$0.79$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.63$1.70$0.73$0.79$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.45$0.69$1.76$0.76$0.82$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.52$0.68$1.84$0.69$0.77$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.70$1.92$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.48$1.98$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.02$1.96$0.60