Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 57-6079578 • 501(c)3 • Charleston, SC
Profile
The primary objectives of this association are to promote sailing, to encourage good fellowship among sailors, afloat and ashore, to assist boat owner memebers to obtain competent and congenials crews, and to assist its nonboat owning members to obtain desirable berths.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
72nd percentile
Higher net margin than 72% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
48th percentile
Faster asset growth than 48% of similar nonprofits.
Revenue Growth
79th percentile
Faster revenue growth than 79% of similar nonprofits.
Assets
Down$333,030
Down $9,735 (-2.8%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Down$333,030
Down $9,735 (-2.8%) from 2023
Revenue
Up$137,776
Up $35,539 (+35%) from 2023
Expenses
Down$114,193
Down $51,991 (-31%) from 2023
Net Income
Up$23,583
Up $87,530 (+137%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The primary obectives of this association are to promote sailing, to encourage good fellowship among sailors, afloat and ashore, to assist boat-owner members to obtain competent and congenial crews, and to assist its non-boat owning members to obtain desirable berths.
The primary objectives of this association are to promote sailing, to encourage good fellowship among sailors, afloat and ashore, to assist boat owner memebers to obtain competent and congenials crews, among other things
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $57,265 | $204,556 | ▲ $147,291 |
| Pledges and Grants Receivable | $67,500 | $67,500 | → $0 |
| Cash and Non-Interest-Bearing Accounts | $175,158 | $60,274 | ▼ $114,884 |
| Land, Buildings, and Equipment, Net | $700 | $700 | → $0 |
| Total Assets | $300,623 | $333,030 | ▲ $32,407 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $300,623 | $333,030 | ▲ $32,407 |
| Total Net Assets Fund Balance | $300,623 | $333,030 | ▲ $32,407 |
| Total Liabilities and Net Assets / Fund Balance | $300,623 | $333,030 | ▲ $32,407 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $700 | $6,300 | $7,000 |
| Name | Title |
|---|---|
| JAMES O'CONNOR | Commodore |
| Dan Machowski | Historian |
| John Lucas | Measurer |
| Christopher Stinson | Past Commodore |
| Tim Vienneau | Rear Commodore |
| Allison Hansen | Secretary |
| Kristen Buckley | Treasurer |
| Scott Strother | Vice Commodore |
| Line Item | Amount |
|---|---|
| Other Expenses | $114,193 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Office Expenses | - | $14,400 | - | $14,400 |
| All Other Expenses | - | $7,757 | - | $7,757 |
| Other Expenses | $544 | $9,112 | - | $544 |
| Total Functional Expenses | $82,924 | $31,269 | $0 | $114,193 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $8,434 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Alice Cup | $5,539 | $5,539 | - | $5,539 |
| Sherriffs Cup | $2,895 | $2,895 | - | $2,895 |
| Total Events | $8,434 | $8,434 | - | $8,434 |
| Liability | Amount |
|---|---|
| Federal income taxes | - |
“The organization circulates the return to board members who meet to discuss and approve it.”
“The organizations financial statements and other public documents are made available for inspection by request or where required available through various government department such as the south carolina secretary of state website.”
“At a meeting of the board of directors it was unanimously agreed that the financial year end should be changed to a calendar year ending december 31. This was effective for tax year 2023.”
“The prior period comparative figures shown in this return represent the short period return for october to december 2023 filed with the irs to change the organizations year end to calendar year ending december 31st.”
“The primary objectives of this association are to promote sailing, to ensourage good fellowship among sailors, afloat and ashore, to assist boat-wner memebers to obtain competent and congenials crews, and to assist its n”
“Race week expenses includes - trophies 196 race managaement expenses 20 license and fees 1742”
“Miscellaneous includes- inventory expense 29307, association memeberships 500 cora events 11738.”
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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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
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| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 6300 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 7000 |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | false |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Federal income taxes |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | Financial derivatives and other financial products |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | Closely-held equity interests |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 700 |
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| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | ALICE CUP |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm | 0 | SHERRIFFS CUP |
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| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt | 0 | 2895 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE PRIMARY OBJECTIVES OF THIS ASSOCIATION ARE TO PROMOTE SAILING, TO ENSOURAGE GOOD FELLOWSHIP AMONG SAILORS, AFLOAT AND ASHORE, TO ASSIST BOAT-WNER MEMEBERS TO OBTAIN COMPETENT AND CONGENIALS CREWS, AND TO ASSIST ITS N |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | RACE WEEK EXPENSES INCLUDES - TROPHIES 196 RACE MANAGAEMENT EXPENSES 20 LICENSE AND FEES 1742 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MISCELLANEOUS INCLUDES- INVENTORY EXPENSE 29307, ASSOCIATION MEMEBERSHIPS 500 CORA EVENTS 11738. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION CIRCULATES THE RETURN TO BOARD MEMBERS WHO MEET TO DISCUSS AND APPROVE IT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATIONS FINANCIAL STATEMENTS AND OTHER PUBLIC DOCUMENTS ARE MADE AVAILABLE FOR INSPECTION BY REQUEST OR WHERE REQUIRED AVAILABLE THROUGH VARIOUS GOVERNMENT DEPARTMENT SUCH AS THE SOUTH CAROLINA SECRETARY OF STATE WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | AT A MEETING OF THE BOARD OF DIRECTORS IT WAS UNANIMOUSLY AGREED THAT THE FINANCIAL YEAR END SHOULD BE CHANGED TO A CALENDAR YEAR ENDING DECEMBER 31. THIS WAS EFFECTIVE FOR TAX YEAR 2023. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE PRIOR PERIOD COMPARATIVE FIGURES SHOWN IN THIS RETURN REPRESENT THE SHORT PERIOD RETURN FOR OCTOBER TO DECEMBER 2023 FILED WITH THE IRS TO CHANGE THE ORGANIZATIONS YEAR END TO CALENDAR YEAR ENDING DECEMBER 31ST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part III, Section 1, Line 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part IX, Section 1, Line 24B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part IX, Section 1, Line 24E |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 11A, 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section A, Line 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Section A, Line 4 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 333030 |
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| IRS990/TotalContributionsAmt | 0 | 31432 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 333030 |
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| IRS990/TotalProgramServiceRevenueAmt | 0 | 87716 |
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| IRS990/USAddress/AddressLine1Txt | 0 | 520 FOLLY RD STE 25 PMB 221 |
| IRS990/USAddress/CityNm | 0 | Charleston |
| IRS990/USAddress/StateAbbreviationCd | 0 | SC |
| IRS990/USAddress/ZIPCd | 0 | 29412 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | WWW.CHARLESTONOCEANRACING.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PETER J KUYPER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8436978635 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CHARLESTON OCEAN RACING ASSOCIATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CHAR |
| ReturnHeader/Filer/EIN | 0 | 576079578 |
| ReturnHeader/Filer/PhoneNum | 0 | 8436978635 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 520 FOLLY RD STE 25 PMB 221 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHARLESTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | SC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 29412 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 260327390 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BRIAN D KURTZ PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 2046 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MOUNT PLEASANT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | SC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 29465 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8439715866 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BRIAN D KURTZ |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-05-14T06:42:38-00:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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