Civic Intelligence

Severn Sailing Association

990 • Fiscal year 2017 • EIN 52-0739274

Oct 01, 2016 to Sep 30, 2017 • Filed on Jun 08, 2018

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

51st percentile

0.25x

Higher debt load relative to assets than 51% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.73x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Net Margin

30th percentile

-2.5%

Higher net margin than 30% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Asset Growth

22nd percentile

-3.6%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

65th percentile

5.3%

Faster revenue growth than 65% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$2,240,176

Down $83,690 (-3.6%) from 2016

Net Assets

Down

$1,677,771

Down $19,327 (-1.1%) from 2016

Liabilities

Down

$562,405

Down $64,363 (-10%) from 2016

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin30th percentile

Revenue

Up

$773,495

Up $38,598 (+5.3%) from 2016

Expenses

Up

$792,822

Up $2,849 (+0.4%) from 2016

Net Income

Up

-$19,327

Up $35,749 (+65%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth22nd 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

2017

Assets$2,240,176
Liabilities$562,405
Net Assets$1,677,771
Open 2017 Filing

Operations Trend

Revenue Growth65th 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

2017

Revenue$773,495
Expenses$792,822
Net Income-$19,327
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jun 8, 2018
Return Version
2016v3.1
Gross Receipts
$780,676
Mission and Program Overview

Mission

Non profit operation of yacht and sailing club

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,920,777$1,795,935▼ $124,842
Rtn Earn Endowment Incm Other Fnds$1,697,098$1,677,771▼ $19,327
Savings and Temporary Cash Investments$308,594$440,749▲ $132,155
Cash and Non-Interest-Bearing Accounts$94,495$1,719▼ $92,776
Total Assets$2,323,866$2,240,176▼ $83,690
Other Assets Total-$1,773-
Liabilities
Other Liabilities$605,345$538,670▼ $66,675
Deferred Revenue$21,423$23,735▲ $2,312
Total Liabilities$626,768$562,405▼ $64,363
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,697,098$1,677,771▼ $19,327
Total Liabilities and Net Assets / Fund Balance$2,323,866$2,240,176▼ $83,690

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,690,586$1,367,236$3,057,822
Land$105,349-$105,349
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Kim CouranzCommodore
Eric JohnsonFleet Captai
Chris RyanMember-at-la
Jonathan LangeMember-at-la
Peter RichPast Commod
Alon FinkelsteinRear Commodo
Andrew ColeSecretary
Tip CliftonTreasurer
Jonathan PhillipsVice Commodo
Revenue and Support

Revenue Composition

Contributions and Grants
$191,056
Program Service Revenue
$565,586
Investment Income
$838
Other Revenue
$16,015
Change in Net Assets
$-19,327
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$520,392
Salaries, Compensation, and Employee Benefits$272,430
Total Fundraising Expense$2,164
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$250,569--$250,569
Depreciation Depletion$161,512--$161,512
All Other Expenses$98,618--$98,618
Insurance$70,894--$70,894
Other Expenses$31,743--$31,743
Interest-$22,105-$22,105
Payroll Taxes$15,435--$15,435
Fees for Services Legal$12,158--$12,158
Office Expenses$948$8,155$947$10,050
Advertising$3,651-$1,217$4,868
Pension Plan Contributions$3,845--$3,845
Other Employee Benefits$2,581--$2,581
Fees for Services Accounting$2,268--$2,268
Fees for Services Other$425--$425
Total Functional Expenses$760,398$30,260$2,164$792,822
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$509,646
Certificate of Beneficial Int$17,200
Payroll Liabilities$7,120
Credit Cards Payable$4,505
Prepaid Dues$177
Sales Tax Payable$22
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
Tip Clifton
Title
Treasurer
Phone
4102688744
Signed
2018-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Couranz
Formed
1954
Legal Domicile
Md
Voting Board Members
176
Independent Board Members
176
Employees
6
Volunteers
176

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

“Jr program expenses 30,584 0 0 credit card fees 16,774 0 0 utilities 11,336 0 0 equipment 9,165 0 0 club house 6,830 0 0 telephone 6,178 0 0 contract labor - coaching 5,365 0 0 license and permits 4,481 0 0 fuel 3,495 0 0 medical payments 2,142 0 0 payroll fees 1,466 0 0 dues and subscriptions 514 0 0 bank charges 288 0 0 total 98,618 0 0”

Raw XML Appendix367 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/LandGrp/OtherCostOrOtherBasisAmt0105349
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01690586
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01367236
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03057822
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0509646
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt34505
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4177
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt522
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BANK OF AMERICA - RENOVATION LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CERTIFICATE OF BENEFICIAL INT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CREDIT CARDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PREPAID DUES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01795935
IRS990ScheduleD/TotalLiabilityAmt0538670
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/ExplanationTxt3JR PROGRAM EXPENSES 30,584 0 0 CREDIT CARD FEES 16,774 0 0 UTILITIES 11,336 0 0 EQUIPMENT 9,165 0 0 CLUB HOUSE 6,830 0 0 TELEPHONE 6,178 0 0 CONTRACT LABOR - COACHING 5,365 0 0 LICENSE AND PERMITS 4,481 0 0 FUEL 3,495 0 0 MEDICAL PAYMENTS 2,142 0 0 PAYROLL FEES 1,466 0 0 DUES AND SUBSCRIPTIONS 514 0 0 BANK CHARGES 288 0 0 TOTAL 98,618 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/TotalAssetsBOYAmt02323866
IRS990/TotalAssetsEOYAmt02240176
IRS990/TotalAssetsGrp/BOYAmt02323866
IRS990/TotalAssetsGrp/EOYAmt02240176
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0191056
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02164
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030260
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0760398
IRS990/TotalFunctionalExpensesGrp/TotalAmt0792822
IRS990/TotalGrossUBIAmt0-3927
IRS990/TotalLiabilitiesBOYAmt0626768
IRS990/TotalLiabilitiesEOYAmt0562405
IRS990/TotalLiabilitiesGrp/BOYAmt0626768
IRS990/TotalLiabilitiesGrp/EOYAmt0562405
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01697098
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01677771
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt05239
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt06339
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt01100
IRS990/TotalProgramServiceRevenueAmt0565586
IRS990/TotalRevenueGrp/ExclusionAmt0667
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0585699
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0773495
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-3927
IRS990/TotalVolunteersCnt0176
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02323866
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02240176
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt0176
IRS990/VotingMembersIndependentCnt0176
IRS990/WebsiteAddressTxt0WWW.SEVERNSAILING.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIP CLIFTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04102688744
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-08
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0639E43D7064DA110D86365B3D40C5518D435221F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId080068F944CACDA910C931033D0123EB22FEB5640
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/PreparationDt02018-06-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS BATTISTA CPA
ReturnHeader/ReturnTs02018-07-18T16:07:04-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,240,176
Liabilities
$562,405
Net assets
$1,677,771
Revenue
$773,495
Expenses
$792,822
Net income
-$19,327
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
2017Detailed filing. Detailed filing data is available for this year.$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