Civic Intelligence

Southern Maryland Sailing Association Inc

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

PO Box 262Solomons, MD 20688

www.smsa.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.79x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

4.91x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

47th percentile

4.6%

Higher net margin than 47% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

99th percentile

388%

Faster asset growth than 99% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

13%

Faster revenue growth than 71% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

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

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $180,469Liabilities 2011: $0Net Assets 2011: $180,4692011Assets 2012: $184,889Liabilities 2012: $0Net Assets 2012: $184,8892012Assets 2013: $222,000Liabilities 2013: $0Net Assets 2013: $222,0002013Assets 2014: $237,019Liabilities 2014: $1Net Assets 2014: $237,0202014Assets 2015: $246,875Liabilities 2015: $0Net Assets 2015: $246,8752015Assets 2016: $248,340Liabilities 2016: $0Net Assets 2016: $248,3402016Assets 2017: $254,791Liabilities 2017: $195Net Assets 2017: $254,5962017Assets 2018: $258,288Liabilities 2018: $49Net Assets 2018: $258,2392018Assets 2019: $277,131Liabilities 2019: $664Net Assets 2019: $276,4672019Assets 2020: $311,063Liabilities 2020: $219Net Assets 2020: $310,8442020Assets 2021: $331,976Liabilities 2021: $1,151Net Assets 2021: $330,8252021Assets 2022: $307,191Liabilities 2022: $990Net Assets 2022: $306,2012022Assets 2023: $349,558Liabilities 2023: $1,271Net Assets 2023: $348,2872023Assets 2024: $1,706,174Liabilities 2024: $1,345,204Net Assets 2024: $360,9702024

Highlighted filing

2024

Assets$1,706,174
Liabilities$1,345,204
Net Assets$360,970

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $76,638Expenses 2011: $75,459Net Income 2011: $1,1792011Revenue 2012: $90,582Expenses 2012: $71,162Net Income 2012: $19,4202012Revenue 2013: $94,162Expenses 2013: $72,069Net Income 2013: $22,0932013Revenue 2014: $90,970Expenses 2014: $75,950Net Income 2014: $15,0202014Revenue 2015: $129,331Expenses 2015: $121,291Net Income 2015: $8,0402015Revenue 2016: $158,897Expenses 2016: $157,433Net Income 2016: $1,4642016Revenue 2017: $173,553Expenses 2017: $167,106Net Income 2017: $6,4472017Revenue 2018: $182,915Expenses 2018: $179,581Net Income 2018: $3,3342018Revenue 2019: $199,152Expenses 2019: $180,921Net Income 2019: $18,2312019Revenue 2020: $148,822Expenses 2020: $114,445Net Income 2020: $34,3772020Revenue 2021: $216,356Expenses 2021: $196,375Net Income 2021: $19,9812021Revenue 2022: $196,697Expenses 2022: $221,321Net Income 2022: -$24,6242022Revenue 2023: $243,486Expenses 2023: $201,400Net Income 2023: $42,0862023Revenue 2024: $274,234Expenses 2024: $261,551Net Income 2024: $12,6832024

Highlighted filing

2024

Revenue$274,234
Expenses$261,551
Net Income$12,683

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$1.35$0.36$0.27$0.26$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.24$0.20$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.20$0.22$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.22$0.20$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.15$0.11$0.03
2019Summary only. Only limited summary data is available for this year.$0.28$0.00$0.28$0.20$0.18$0.02
2018Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$0.18$0.18$0.00
2017Summary only. Only limited summary data is available for this year.$0.25$0.00$0.25$0.17$0.17$0.01
2016Summary only. Only limited summary data is available for this year.$0.25$0.00$0.25$0.16$0.16$0.00
2015Summary only. Only limited summary data is available for this year.$0.25$0.00$0.25$0.13$0.12$0.01
2014Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.09$0.08$0.02
2013Summary only. Only limited summary data is available for this year.$0.22$0.00$0.22$0.09$0.07$0.02
2012Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.09$0.07$0.02
2011Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.08$0.08$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.0
Gross Receipts
$329,605
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carl KempBoard Member
Clarke MckinneyBoard Member
Elliot PetersonBoard Member
Harry KeithBoard Member
Jimmy YurkoBoard Member
Shawn StanleyBoard Member
John BlaneyCommodore
Scott PattersonRear Commodo
Laura Comeau-stanleySecretary
James WhitedTreasurer
David MeiserVice Commodo
Revenue and Support

Revenue Composition

Contributions and Grants
$136,070
Program Service Revenue
$125,413
Investment Income
$10,146
Other Revenue
$2,605
All Other Contributions
$2,500
Change in Net Assets
$12,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,696
Fundraising Direct Expenses$1,368
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
Tenant Security Deposit$3,000
Payroll Payable$1,022
Square Tips$67
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The southern maryland sailing association is a 100% member-owned organization.

Form 990, Page 6, Part VI, Line 7A

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.

Form 990, Page 6, Part VI, Line 7B

The authority of the board of directors is outlined in the organization constitution and by-laws. Per these documents, certain decisions require membership approval.

Form 990, Page 6, Part VI, Line 8B

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.

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

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.

Form 990, Page 6, Part VI, Line 19

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.

Filing and Contact Details

Filer

Filer Name
Southern Maryland Sailing
EIN
52-1435822
Phone
4436847672
Address
PO BOX 262, SOLOMONS, MD 20688

Signing Officer

Name
James Whited
Title
Treasurer
Phone
4104748198
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Whited
Formed
1985
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
11
Employees
15

Preparer

Firm
Askey Askey & Associates CPA LLC
Address
PO BOX 662, LEONARDTOWN, MD 20650-0662
Preparer
Monica a Kempson CPA
Phone
3014755671
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Raw XML AppendixShowing 400 of 409 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/OfficeExpensesGrp/ProgramServicesAmt03921
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IRS990/OtherAssetsTotalGrp/EOYAmt012000
IRS990/OtherExpensesGrp/Desc0RACE AND CRUISE PROGRAM
IRS990/OtherExpensesGrp/Desc1SOCIAL CLUB
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3PROPERTY TAXES
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IRS990/OtherExpensesGrp/ProgramServicesAmt123989
IRS990/OtherExpensesGrp/ProgramServicesAmt210981
IRS990/OtherExpensesGrp/ProgramServicesAmt35084
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IRS990/OtherExpensesGrp/TotalAmt210981
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IRS990/OtherLiabilitiesGrp/EOYAmt04089
IRS990/OtherRevenueMiscGrp/Desc0YEARBOOK ADVERTISEMENT
IRS990/OtherRevenueMiscGrp/Desc1CLEW ADVERTISING
IRS990/OtherRevenueMiscGrp/Desc2CLUB SPOT PAYOUT
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0681
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IRS990/ProgramServiceRevenueGrp/Desc0JUNIOR AND HIGH SCHOOL SAILIN
IRS990/ProgramServiceRevenueGrp/Desc1RACE PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc2BOAT STORAGE FEES
IRS990/ProgramServiceRevenueGrp/Desc3SOCIAL EVENTS
IRS990/ProgramServiceRevenueGrp/Desc4CLUBHOUSE USE FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt131900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt221023
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt318923
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221023
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt318923
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43027
IRS990/ProgSrvcAccomActy2Grp/Desc0CONDUCTED 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/Desc0WEEKLY 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/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0331178
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059969
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0531826
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05701
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0537527
IRS990ScheduleD/EquipmentGrp/BookValueAmt08650
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033364
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042014
IRS990ScheduleD/LandGrp/BookValueAmt01007668
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01007668
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01522
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01522
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0592
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04906
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05498
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11022
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SQUARE TIPS
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IRS990ScheduleD/TotalLiabilityAmt04089
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SOCIAL 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/ExplanationTxt1THE SOUTHERN MARYLAND SAILING ASSOCIATION IS A 100% MEMBER-OWNED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE 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/ExplanationTxt4VARIOUS 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/ExplanationTxt5UPON 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/ExplanationTxt6GOVERNING 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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/USAddress/AddressLine1Txt014490 SOLOMONS ISLAND ROAD
IRS990/USAddress/CityNm0SOLOMONS
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020688
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IRS990/WebsiteAddressTxt0HTTPS://WWW.SMSA.COM/
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES WHITED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521999052
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ASKEY ASKEY & ASSOCIATES CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 662
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEONARDTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD

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