Civic Intelligence

Severn Sailing Association

990 • Fiscal year 2016 • EIN 52-0739274

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 13, 2017

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

0.27x

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

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

0.85x

Higher debt load relative to revenue than 66% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Net Margin

15th percentile

-7.5%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Asset Growth

16th percentile

-5.2%

Faster asset growth than 16% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

26th percentile

-3.6%

Faster revenue growth than 26% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$2,323,866

Down $127,634 (-5.2%) from 2015

Net Assets

Down

$1,697,098

Down $59,891 (-3.4%) from 2015

Liabilities

Down

$626,768

Down $67,743 (-9.8%) from 2015

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin15th percentile

Revenue

Down

$734,897

Down $27,531 (-3.6%) from 2015

Expenses

Down

$789,973

Down $31,229 (-3.8%) from 2015

Net Income

Up

-$55,076

Up $3,698 (+6.3%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2016

Assets$2,323,866
Liabilities$626,768
Net Assets$1,697,098
Open 2016 Filing

Operations Trend

Revenue Growth26th 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

2016

Revenue$734,897
Expenses$789,973
Net Income-$55,076
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 13, 2017
Return Version
2015v3.0
Gross Receipts
$735,232
Mission and Program Overview

Mission

Non profit operation of yacht and sailing club

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,057,563$1,920,777▼ $136,786
Rtn Earn Endowment Incm Other Fnds$1,756,989$1,697,098▼ $59,891
Savings and Temporary Cash Investments$361,308$308,594▼ $52,714
Cash and Non-Interest-Bearing Accounts$30,579$94,495▲ $63,916
Prepaid Expenses and Deferred Charges$2,050--
Total Assets$2,451,500$2,323,866▼ $127,634
Liabilities
Other Liabilities$671,727$605,345▼ $66,382
Deferred Revenue$22,784$21,423▼ $1,361
Total Liabilities$694,511$626,768▼ $67,743
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,756,989$1,697,098▼ $59,891
Total Liabilities and Net Assets / Fund Balance$2,451,500$2,323,866▼ $127,634

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,815,428$1,212,467$3,027,895
Land$105,349-$105,349
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Henry ThomasDirector
Jonathan LangDirector
Mike WatersDirector
Peter RichCommodore
Alon FinkelsteinFleet Captai
Jonathan PhillipsRear Commodo
Andrew ColeSecretary
Tip CliftonTreasurer
Kim CouranzVice Commodo
Revenue and Support

Revenue Composition

Contributions and Grants
$175,680
Program Service Revenue
$537,255
Investment Income
$1,051
Other Revenue
$20,911
Change in Net Assets
$-55,076
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$505,528
Salaries, Compensation, and Employee Benefits$284,445
Total Fundraising Expense$1,451
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$261,974--$261,974
Depreciation Depletion$157,481--$157,481
All Other Expenses$87,027--$87,027
Insurance$73,871--$73,871
Other Expenses$29,309$41,350-$29,309
Interest-$22,427-$22,427
Payroll Taxes$20,196--$20,196
Travel$13,926--$13,926
Advertising$2,788-$930$3,718
Office Expenses$1,875$521$521$2,917
Pension Plan Contributions$2,275--$2,275
Fees for Services Accounting-$2,097-$2,097
Fees for Services Legal$460--$460
Total Functional Expenses$722,127$66,395$1,451$789,973
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$581,484
Certificate of Beneficial Int$17,200
Credit Cards Payable$3,825
Payroll Liabilities$2,771
Sales Tax Payable$65
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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

“As documented in severn sailing associations policies and procedures manual - all board members are provided a copy of filings for review and approval.”

Form 990, Page 6, Part VI, Line 12C

“Severn sailing association monitors and enforces compliance on an annual basis.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request through our web site at www.severnsailing.org”

Filing and Contact Details

Filer

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

Signing Officer

Name
Tip Clifton
Title
Treasurer
Phone
4102688744
Signed
2017-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tip Clifton
Formed
1954
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
25
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

“Contract labor - coaching 21,855 0 0 credit card fees 17,284 0 0 boat repairs 14,657 0 0 utilities 13,376 0 0 fuel 6,715 0 0 telephone 5,984 0 0 license and permits 3,558 0 0 operating supplies 1,983 0 0 dues and subscriptions 754 0 0 equipment 616 0 0 bank charges 245 0 0”

Form 990, Part XI, Line 9

“-4,772 TOTAL -4,772”

Raw XML Appendix373 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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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0105349
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0105349
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01815428
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01212467
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03027895
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0581484
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23825
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BANK OF AMERICA - RENOVATION LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CERTIFICATE OF BENEFICIAL INT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01920777
IRS990ScheduleD/TotalLiabilityAmt0605345
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATION OF YACHT AND SAILING CLUB
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS DOCUMENTED IN SEVERN SAILING ASSOCIATIONS POLICIES AND PROCEDURES MANUAL - ALL BOARD MEMBERS ARE PROVIDED A COPY OF FILINGS FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEVERN SAILING ASSOCIATION MONITORS AND ENFORCES COMPLIANCE ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST THROUGH OUR WEB SITE AT WWW.SEVERNSAILING.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR - COACHING 21,855 0 0 CREDIT CARD FEES 17,284 0 0 BOAT REPAIRS 14,657 0 0 UTILITIES 13,376 0 0 FUEL 6,715 0 0 TELEPHONE 5,984 0 0 LICENSE AND PERMITS 3,558 0 0 OPERATING SUPPLIES 1,983 0 0 DUES AND SUBSCRIPTIONS 754 0 0 EQUIPMENT 616 0 0 BANK CHARGES 245 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5-4,772 TOTAL -4,772
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02451500
IRS990/TotalAssetsEOYAmt02323866
IRS990/TotalAssetsGrp/BOYAmt02451500
IRS990/TotalAssetsGrp/EOYAmt02323866
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0175680
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01451
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt066395
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0722127
IRS990/TotalFunctionalExpensesGrp/TotalAmt0789973
IRS990/TotalGrossUBIAmt03291
IRS990/TotalLiabilitiesBOYAmt0694511
IRS990/TotalLiabilitiesEOYAmt0626768
IRS990/TotalLiabilitiesGrp/BOYAmt0694511
IRS990/TotalLiabilitiesGrp/EOYAmt0626768
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01756989
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01697098
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt03920
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt07211
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt03291
IRS990/TotalProgramServiceRevenueAmt0537255
IRS990/TotalRevenueGrp/ExclusionAmt01051
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0554875
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0734897
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03291
IRS990/TotalVolunteersCnt0225
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02451500
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02323866
IRS990/TravelGrp/ProgramServicesAmt013926
IRS990/TravelGrp/TotalAmt013926
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0311 FIRST STREET
IRS990/USAddress/CityNm0ANNAPOLIS
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021403
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.SEVERNSAILING.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIP CLIFTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04102688744
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-13
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/PreparationDt02017-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS BATTISTA CPA
ReturnHeader/ReturnTs02017-05-15T20:01:03-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,323,866
Liabilities
$626,768
Net assets
$1,697,098
Revenue
$734,897
Expenses
$789,973
Net income
-$55,076
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
2016Detailed filing. Detailed filing data is available for this year.$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