Civic Intelligence

Corsica River Foundation Inc

EIN 52-1443708 • 501(c)3 • Centreville, MD

Profile

Education and instructional programs in water safety, sailboat racing, small boat handling, marine ecology and biology, and environmental protection.

PO Box 344Centreville, MD 21617

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

2nd percentile

-2000%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

52nd percentile

-0.8%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$28,833

Down $240 (-0.8%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$28,833

Down $240 (-0.8%) from 2021

Operations
Liabilities / RevenueScore unavailableNet Margin2nd percentile

Revenue

Down

$12

Down $2,574 (-100%) from 2021

Expenses

Up

$252

Up $183 (+265%) from 2021

Net Income

Down

-$240

Down $2,757 (-110%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

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

$30K$20K$10K$0Assets 2010: $8,899Liabilities 2010: $02010Assets 2011: $7,598Liabilities 2011: $02011Assets 2012: $5,803Liabilities 2012: $02012Assets 2013: $5,566Liabilities 2013: $02013Assets 2014: $4,962Liabilities 2014: $02014Assets 2015: $4,323Liabilities 2015: $02015Assets 2016: $3,663Liabilities 2016: $02016Assets 2017: $4,776Liabilities 2017: $02017Assets 2018: $4,990Liabilities 2018: $02018Assets 2019: $5,817Net Assets 2019: $5,8172019Assets 2020: $26,556Net Assets 2020: $26,5562020Assets 2021: $29,073Net Assets 2021: $29,0732021Assets 2022: $28,833Net Assets 2022: $28,8332022

Highlighted filing

2022

Assets$28,833
Liabilities-
Net Assets$28,833
Open 2022 Filing

Operations Trend

Revenue Growth4th percentile

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

$30K$20K$10K$0-$10K-$20KRevenue 2010: $5,528Expenses 2010: $21,241Net Income 2010: -$15,7132010Revenue 2011: $2,251Expenses 2011: $3,552Net Income 2011: -$1,3012011Revenue 2012: $1,429Expenses 2012: $3,224Net Income 2012: -$1,7952012Revenue 2013: $552Expenses 2013: $789Net Income 2013: -$2372013Revenue 2014: $0Expenses 2014: $604Net Income 2014: -$6042014Revenue 2015: $295Expenses 2015: $934Net Income 2015: -$6392015Revenue 2016: $4,534Expenses 2016: $5,194Net Income 2016: -$6602016Revenue 2017: $5,117Expenses 2017: $4,004Net Income 2017: $1,1132017Revenue 2018: $2,978Expenses 2018: $2,764Net Income 2018: $2142018Revenue 2019: $982Expenses 2019: $155Net Income 2019: $8272019Revenue 2020: $20,854Expenses 2020: $115Net Income 2020: $20,7392020Revenue 2021: $2,586Expenses 2021: $69Net Income 2021: $2,5172021Revenue 2022: $12Expenses 2022: $252Net Income 2022: -$2402022

Highlighted filing

2022

Revenue$12
Expenses$252
Net Income-$240
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,833
Liabilities
-
Net assets
$28,833
Revenue
$12
Expenses
$252
Net income
-$240
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$28.8$28.8$0.01$0.25$0.24
2021Detailed filing. Detailed filing data is available for this year.$29.1$29.1$2.59$0.07$2.52
2020Detailed filing. Detailed filing data is available for this year.$26.6$26.6$20.9$0.12$20.7
2019Detailed filing. Detailed filing data is available for this year.$5.82$5.82$0.98$0.16$0.83
2018Summary only. Only limited summary data is available for this year.$4.99$0.00$2.98$2.76$0.21
2017Summary only. Only limited summary data is available for this year.$4.78$0.00$5.12$4.00$1.11
2016Summary only. Only limited summary data is available for this year.$3.66$0.00$4.53$5.19$0.66
2015Summary only. Only limited summary data is available for this year.$4.32$0.00$0.30$0.93$0.64
2014Summary only. Only limited summary data is available for this year.$4.96$0.00$0.00$0.60$0.60
2013Summary only. Only limited summary data is available for this year.$5.57$0.00$0.55$0.79$0.24
2012Summary only. Only limited summary data is available for this year.$5.80$0.00$1.43$3.22$1.80
2011Summary only. Only limited summary data is available for this year.$7.60$0.00$2.25$3.55$1.30
2010Summary only. Only limited summary data is available for this year.$8.90$0.00$5.53$21.2$15.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 27, 2023
Return Version
2022v5.0
Gross Receipts
$12
Mission and Program Overview

Mission

Education and instructional programs in water safety, sailboat racing, small boat handling, marine ecology and biology, and environmental protection.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION MAINTAINED SAILBOATS WHICH BENEFIT THE CORSICA RIVER YACHT CLUB'S JUNIOR SAILING PROGRAM, A COMMUNITY SAILING PROGRAM OF CHILDREN AGES 6 TO 15, TAUGHT BY US SAILING CERTIFIED INSTRUCTORS. BASIC SAILING AND SAFETY SKILLS ARE TAUGHT IN THE PROGRAM.--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
P NORMAN DAVIDSONPresident-$0--
MARY WOODSecretary-$0--
REED VALLIANTTreasurer-$0--
PETER JAYNEDirector-$0--
BYRON LUNADirector-$0--
LOTTIE BOWIEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Corsica River Foundation Inc
EIN
52-1443708
Address
PO BOX 344, CENTREVILLE, MD 21617

Signing Officer

Name
P Norman Davidson
Title
President
Signed
2023-10-27

Preparer

Firm
Richard C Graves CPA
Address
103 LAWYERS ROW, CENTREVILLE, MD 21617-1011
Preparer
Richard C Graves CPA
Phone
4107588785
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office expenses 252 total 252”

Form 990-ez, Part II, Line 24

“Boats & trailers 5,115 5,115 less accumulated depreciation 5,115 5,115 total 0 0”

Form 990-ez, Part III

“Education and instructional programs in water safety, sailboat racing, small boat handling, marine ecology and biology, and environmental protection.”

Form 990-ez, Part III, Line 28

“The foundation maintained sailboats which benefit the corsica river yacht club's junior sailing program, a community sailing program of children ages 6 to 15, taught by us sailing certified instructors. Basic sailing and safety skills are taught in the program.”

Raw XML Appendix150 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CENTREVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0P NORMAN DAVIDSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARY WOOD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2REED VALLIANT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3PETER JAYNE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BYRON LUNA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0252
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATION AND INSTRUCTIONAL PROGRAMS IN WATER SAFETY, SAILBOAT RACING, SMALL BOAT HANDLING, MARINE ECOLOGY AND BIOLOGY, AND ENVIRONMENTAL PROTECTION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION MAINTAINED SAILBOATS WHICH BENEFIT THE CORSICA RIVER YACHT CLUB'S JUNIOR SAILING PROGRAM, A COMMUNITY SAILING PROGRAM OF CHILDREN AGES 6 TO 15, TAUGHT BY US SAILING CERTIFIED INSTRUCTORS. BASIC SAILING AND SAFETY SKILLS ARE TAUGHT IN THE PROGRAM.
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MD
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0252
IRS990EZ/TotalRevenueAmt012
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02575
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt020850
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt034
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99880
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IRS990ScheduleA/PublicSupportTotal509Amt027378
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02575
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSES 252 TOTAL 252
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOATS & TRAILERS 5,115 5,115 LESS ACCUMULATED DEPRECIATION 5,115 5,115 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EDUCATION AND INSTRUCTIONAL PROGRAMS IN WATER SAFETY, SAILBOAT RACING, SMALL BOAT HANDLING, MARINE ECOLOGY AND BIOLOGY, AND ENVIRONMENTAL PROTECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION MAINTAINED SAILBOATS WHICH BENEFIT THE CORSICA RIVER YACHT CLUB'S JUNIOR SAILING PROGRAM, A COMMUNITY SAILING PROGRAM OF CHILDREN AGES 6 TO 15, TAUGHT BY US SAILING CERTIFIED INSTRUCTORS. BASIC SAILING AND SAFETY SKILLS ARE TAUGHT IN THE PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0P NORMAN DAVIDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CORSICA RIVER FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CORS
ReturnHeader/Filer/EIN0521443708
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 344
ReturnHeader/Filer/USAddress/CityNm0CENTREVILLE
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ReturnHeader/Filer/USAddress/ZIPCd021617
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0542112351
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICHARD C GRAVES CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0103 LAWYERS ROW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CENTREVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0216171011
ReturnHeader/PreparerPersonGrp/PhoneNum04107588785
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD C GRAVES CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-14T16:34:36-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0P NORMAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DAVIDSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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