Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
EIN 52-1435822 • 501(c)7 • Solomons, MD
Profile
Social and Recreation Club for sailboat sailing, organize sailboat racing and cruising activities and conduct summer day camp for children
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
47th percentile
Higher net margin than 47% of similar nonprofits.
Top Officer Pay
80th percentile
Higher top officer pay than 80% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Assets
Up$1,706,174
Up $1,356,616 (+388%) from 2023
Liabilities
Up$1,345,204
Up $1,343,933 (+105738%) from 2023
Net Assets
Up$360,970
Up $12,683 (+3.6%) from 2023
Revenue
Up$274,234
Up $30,748 (+13%) from 2023
Expenses
Up$261,551
Up $60,151 (+30%) from 2023
Net Income
Down$12,683
Down $29,403 (-70%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Social and Recreation Club for sailboat sailing, organize sailboat racing and cruising activities and conduct summer day camp for children
Social and recreation club for sailboat sailing. Organize sailboat racing and cruising activities; organize social events; publish monthly newsletter and annual yearbook for members; conduct sail training day camp for children; train high school?middle school sailing team; and teach adults sailing.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $16,399 | $1,548,736 | ▲ $1,532,337 |
| Cash and Non-Interest-Bearing Accounts | $300 | $85,469 | ▲ $85,169 |
| Savings and Temporary Cash Investments | $331,178 | $59,969 | ▼ $271,209 |
| Prepaid Expenses and Deferred Charges | $681 | - | - |
| Total Assets | $349,558 | $1,706,174 | ▲ $1,356,616 |
| Other Assets Total | $1,000 | $12,000 | ▲ $11,000 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | - | $1,297,715 | - |
| Unsecured Notes Loans Payable | - | $43,400 | - |
| Other Liabilities | $1,271 | $4,089 | ▲ $2,818 |
| Total Liabilities | $1,271 | $1,345,204 | ▲ $1,343,933 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $348,287 | $358,470 | ▲ $10,183 |
| Net Assets With Donor Restrictions | - | $2,500 | - |
| Total Net Assets Fund Balance | $348,287 | $360,970 | ▲ $12,683 |
| Total Liabilities and Net Assets / Fund Balance | $349,558 | $1,706,174 | ▲ $1,356,616 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $1,007,668 | - | $1,007,668 |
| Buildings | $531,826 | $5,701 | $537,527 |
| Equipment | $8,650 | $33,364 | $42,014 |
| Other Land Buildings | $592 | $4,906 | $5,498 |
| Leasehold Improvements | - | $1,522 | $1,522 |
| Name | Title |
|---|---|
| Carl Kemp | Board Member |
| Clarke Mckinney | Board Member |
| Elliot Peterson | Board Member |
| Harry Keith | Board Member |
| Jimmy Yurko | Board Member |
| Shawn Stanley | Board Member |
| John Blaney | Commodore |
| Scott Patterson | Rear Commodo |
| Laura Comeau-stanley | Secretary |
| James Whited | Treasurer |
| David Meiser | Vice Commodo |
| Line Item | Amount |
|---|---|
| Other Expenses | $221,758 |
| Salaries, Compensation, and Employee Benefits | $39,793 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $71,357 | - | - | $71,357 |
| Other Salaries and Wages | $36,037 | - | - | $36,037 |
| Interest | $20,512 | - | - | $20,512 |
| Insurance | $12,388 | - | - | $12,388 |
| Depreciation Depletion | $11,411 | - | - | $11,411 |
| All Other Expenses | $9,696 | - | - | $9,696 |
| Other Expenses | $5,084 | - | - | $5,084 |
| Office Expenses | $3,921 | - | - | $3,921 |
| Payroll Taxes | $3,756 | - | - | $3,756 |
| Advertising | $3,438 | - | - | $3,438 |
| Information Technology | $338 | - | - | $338 |
| Fees for Services Accounting | $306 | - | - | $306 |
| Total Functional Expenses | $261,551 | $0 | $0 | $261,551 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $2,696 |
| Fundraising Direct Expenses | $1,368 |
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Tenant Security Deposit | $3,000 |
| Payroll Payable | $1,022 |
| Square Tips | $67 |
“The southern maryland sailing association is a 100% member-owned organization.”
“The governing body (officers and directors) are elected by the membership via an annual election. Officer terms are one (1) year. Director terms are three (3) years.”
“The authority of the board of directors is outlined in the organization constitution and by-laws. Per these documents, certain decisions require membership approval.”
“Various authority/responsibility is delegated to the program committees. Minutes of committee meetings are not documented; however, committee reports are presented to the bod and recorded in those meeting minutes.”
“Upon completion, the form, all attachments,balance sheets, and profit/loss statements were sent via email to all officers and directors for review with a short suspense period. Commends received during the review period are addressed prior to filing the form.”
“Governing documents consist of the corporate charter, corporate by-laws, policy manual and operations manual. All documents are available for inspection by the membership and public. No requests for these documents have been received from non-members, but all requests would be considered on a case by case basis. There is no conflict of interest policy in the governing documents. Financials are maintained in quickbooks online with reports generated for the officers, directors, and program chairs on a regular basis in accordance with the organization by-laws.”
“Social and recreation club for sailboat sailing. Organize sailboat racing and cruising activities; organize social events; publish monthly newsletter and annual yearbook for members; conduct sail training day camp for children; train high school?middle school sailing team; and teach adults sailing.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AdvertisingGrp/TotalAmt | 0 | 3438 |
| IRS990/AllOtherContributionsAmt | 0 | 2500 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 9696 |
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| IRS990/CYTotalExpensesAmt | 0 | 261551 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 274234 |
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| IRS990/Desc | 0 | ORGANIZE SAILBOAT RACING AND CRUISING ACTIVITIES; CONDUCTED OVER 25 EVENTS FOR MEMBERES. SAILBOAT RACING AND CRUISING HELPS SAILORS IMPROVE SKILLS AND ENJOY THE LOCAL SAILING VENUE. |
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| IRS990/PrincipalOfficerNm | 0 | JAMES WHITED |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | JUNIOR AND HIGH SCHOOL SAILIN |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | RACE PROGRAM |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | BOAT STORAGE FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | SOCIAL EVENTS |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | CLUBHOUSE USE FEES |
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| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 31900 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 21023 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 18923 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 3027 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 50540 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 31900 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 21023 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 18923 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 3027 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | CONDUCTED SUMMER SAILING CAMP AND HIGH SCHOOL RACING PROGRAM; PROVIDED SMALL BOATS FOR MEMBERS TO USE TO ENHANCE SKILLS AND ENJOY LOCAL SAILING. HIGH SCHOOL PROGRAM WAS CONDUCTED OVER TWO 8 WEEK PERIODS, SUMMER CAMP WAS CONDUCTED FOR 10 WEEKS. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | WEEKLY AND SPECIAL EVENTS FOR MEMBERS; CONDUCTED OVER 35 SOCIAL EVENTS FOR MEMBERS ASSOCIATED WITH AND INDEPENDENT OF THE OTHER PROGRAM SERVICES. |
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| IRS990/PYInvestmentIncomeAmt | 0 | 47 |
| IRS990/PYOtherExpensesAmt | 0 | 176211 |
| IRS990/PYOtherRevenueAmt | 0 | 2035 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 143909 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 42086 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 25189 |
| IRS990/PYTotalExpensesAmt | 0 | 201400 |
| IRS990/PYTotalRevenueAmt | 0 | 243486 |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
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| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 59969 |
| IRS990/ScheduleBRequiredInd | 0 | false |
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| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 5701 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 537527 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 8650 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 33364 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 42014 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 1007668 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 1007668 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 1522 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 1522 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 592 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 4906 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 5498 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 3000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 1022 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 67 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | TENANT SECURITY DEPOSIT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | PAYROLL PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | SQUARE TIPS |
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| IRS990ScheduleD/TotalLiabilityAmt | 0 | 4089 |
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| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | SOCIAL AND RECREATION CLUB FOR SAILBOAT SAILING. ORGANIZE SAILBOAT RACING AND CRUISING ACTIVITIES; ORGANIZE SOCIAL EVENTS; PUBLISH MONTHLY NEWSLETTER AND ANNUAL YEARBOOK FOR MEMBERS; CONDUCT SAIL TRAINING DAY CAMP FOR CHILDREN; TRAIN HIGH SCHOOL?MIDDLE SCHOOL SAILING TEAM; AND TEACH ADULTS SAILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE SOUTHERN MARYLAND SAILING ASSOCIATION IS A 100% MEMBER-OWNED ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE GOVERNING BODY (OFFICERS AND DIRECTORS) ARE ELECTED BY THE MEMBERSHIP VIA AN ANNUAL ELECTION. OFFICER TERMS ARE ONE (1) YEAR. DIRECTOR TERMS ARE THREE (3) YEARS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE AUTHORITY OF THE BOARD OF DIRECTORS IS OUTLINED IN THE ORGANIZATION CONSTITUTION AND BY-LAWS. PER THESE DOCUMENTS, CERTAIN DECISIONS REQUIRE MEMBERSHIP APPROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | VARIOUS AUTHORITY/RESPONSIBILITY IS DELEGATED TO THE PROGRAM COMMITTEES. MINUTES OF COMMITTEE MEETINGS ARE NOT DOCUMENTED; HOWEVER, COMMITTEE REPORTS ARE PRESENTED TO THE BOD AND RECORDED IN THOSE MEETING MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | UPON COMPLETION, THE FORM, ALL ATTACHMENTS,BALANCE SHEETS, AND PROFIT/LOSS STATEMENTS WERE SENT VIA EMAIL TO ALL OFFICERS AND DIRECTORS FOR REVIEW WITH A SHORT SUSPENSE PERIOD. COMMENDS RECEIVED DURING THE REVIEW PERIOD ARE ADDRESSED PRIOR TO FILING THE FORM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS CONSIST OF THE CORPORATE CHARTER, CORPORATE BY-LAWS, POLICY MANUAL AND OPERATIONS MANUAL. ALL DOCUMENTS ARE AVAILABLE FOR INSPECTION BY THE MEMBERSHIP AND PUBLIC. NO REQUESTS FOR THESE DOCUMENTS HAVE BEEN RECEIVED FROM NON-MEMBERS, BUT ALL REQUESTS WOULD BE CONSIDERED ON A CASE BY CASE BASIS. THERE IS NO CONFLICT OF INTEREST POLICY IN THE GOVERNING DOCUMENTS. FINANCIALS ARE MAINTAINED IN QUICKBOOKS ONLINE WITH REPORTS GENERATED FOR THE OFFICERS, DIRECTORS, AND PROGRAM CHAIRS ON A REGULAR BASIS IN ACCORDANCE WITH THE ORGANIZATION BY-LAWS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 1706174 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 349558 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1706174 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 136070 |
| IRS990/TotalEmployeeCnt | 0 | 15 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 261551 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 261551 |
| IRS990/TotalGrossUBIAmt | 0 | -25713 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1271 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1345204 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1271 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1345204 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 348287 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 360970 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 125413 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 1328 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 162549 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 274234 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | -25713 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 349558 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1706174 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | true |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 43400 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 14490 SOLOMONS ISLAND ROAD |
| IRS990/USAddress/CityNm | 0 | SOLOMONS |
| IRS990/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990/USAddress/ZIPCd | 0 | 20688 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 11 |
| IRS990/VotingMembersIndependentCnt | 0 | 11 |
| IRS990/WebsiteAddressTxt | 0 | HTTPS://WWW.SMSA.COM/ |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JAMES WHITED |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4104748198 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SOUTHERN MARYLAND SAILING |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | ASSOCIATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SOUT |
| ReturnHeader/Filer/EIN | 0 | 521435822 |
| ReturnHeader/Filer/PhoneNum | 0 | 4436847672 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 262 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SOLOMONS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 20688 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 521999052 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ASKEY ASKEY & ASSOCIATES CPA LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 662 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LEONARDTOWN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
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