Civic Intelligence

Charleston Ocean Racing Association

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.

520 Folly Rd Ste 25 Pmb 221Charleston, SC 29412

www.charlestonoceanracing.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

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 2024

Asset Growth

48th percentile

-2.8%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

35%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

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

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $44,204Liabilities 2012: $0Net Assets 2012: $44,2042012Assets 2013: $124,265Liabilities 2013: $0Net Assets 2013: $124,2652013Assets 2014: $198,351Liabilities 2014: $3,317Net Assets 2014: $195,0342014Assets 2015: $205,443Liabilities 2015: $4Net Assets 2015: $205,4392015Assets 2016: $268,703Liabilities 2016: $0Net Assets 2016: $268,7032016Assets 2017: $345,552Liabilities 2017: $36Net Assets 2017: $345,5162017Assets 2018: $416,655Liabilities 2018: $0Net Assets 2018: $416,6552018Assets 2019: $475,900Liabilities 2019: $0Net Assets 2019: $475,9002019Assets 2020: $436,013Liabilities 2020: $42,383Net Assets 2020: $393,6302020Assets 2021: $409,089Liabilities 2021: $0Net Assets 2021: $409,0892021Assets 2022: $406,712Liabilities 2022: $0Net Assets 2022: $406,7122022Assets 2023: $342,765Liabilities 2023: $0Net Assets 2023: $342,7652023Assets 2024: $333,030Liabilities 2024: $0Net Assets 2024: $333,0302024

Highlighted filing

2024

Assets$333,030
Liabilities$0
Net Assets$333,030

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $389,276Expenses 2012: $388,663Net Income 2012: $6132012Revenue 2013: $446,992Expenses 2013: $365,794Net Income 2013: $81,1982013Revenue 2014: $411,506Expenses 2014: $340,737Net Income 2014: $70,7692014Revenue 2015: $496,009Expenses 2015: $485,604Net Income 2015: $10,4052015Revenue 2016: $460,206Expenses 2016: $396,942Net Income 2016: $63,2642016Revenue 2017: $434,646Expenses 2017: $357,833Net Income 2017: $76,8132017Revenue 2018: $512,252Expenses 2018: $441,113Net Income 2018: $71,1392018Revenue 2019: $506,724Expenses 2019: $447,479Net Income 2019: $59,2452019Revenue 2020: $67,476Expenses 2020: $149,746Net Income 2020: -$82,2702020Revenue 2021: $258,349Expenses 2021: $241,719Net Income 2021: $16,6302021Revenue 2022: $315,240Expenses 2022: $316,611Net Income 2022: -$1,3712022Revenue 2023: $102,237Expenses 2023: $166,184Net Income 2023: -$63,9472023Revenue 2024: $137,776Expenses 2024: $114,193Net Income 2024: $23,5832024

Highlighted filing

2024

Revenue$137,776
Expenses$114,193
Net Income$23,583

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$137,776
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
Equipment$700$6,300$7,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
JAMES O'CONNORCommodore
Dan MachowskiHistorian
John LucasMeasurer
Christopher StinsonPast Commodore
Tim VienneauRear Commodore
Allison HansenSecretary
Kristen BuckleyTreasurer
Scott StrotherVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$31,432
Program Service Revenue
$87,716
Investment Income
$10,194
Other Revenue
$8,434
All Other Contributions
$273
Change in Net Assets
$23,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

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

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,434
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet 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
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11A, 11B

The organization circulates the return to board members who meet to discuss and approve it.

Form 990, Part VI, Section C, Line 19

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.

Form 990, Part VI, Section A, Line 4

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.

Form 990, Part VI, Section A, Line 4

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.

Filing and Contact Details

Filer

Filer Name
Charleston Ocean Racing Association
EIN
57-6079578
Phone
8436978635
Address
520 FOLLY RD STE 25 PMB 221, CHARLESTON, SC 29412

Signing Officer

Name
Peter J Kuyper
Title
Treasurer
Phone
8436978635
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter J Kuyper
Formed
1991
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Brian D Kurtz Pc
Address
PO BOX 2046, MOUNT PLEASANT, SC 29465
Preparer
Brian D Kurtz
Phone
8439715866
Supplemental Narrative

Additional Explanations

Form 990, Part III, Section 1, Line 1

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

Form 990, Part IX, Section 1, Line 24B

Race week expenses includes - trophies 196 race managaement expenses 20 license and fees 1742

Form 990, Part IX, Section 1, Line 24E

Miscellaneous includes- inventory expense 29307, association memeberships 500 cora events 11738.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt07089
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt035328
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0108577
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt097639
IRS990ScheduleA/Total509Grp/TotalAmt0376215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0127582
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt097639
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0376215
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0700
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07000
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0700
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ALICE CUP
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SHERRIFFS CUP
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt02895
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt08434
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt08434
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1RACE WEEK EXPENSES INCLUDES - TROPHIES 196 RACE MANAGAEMENT EXPENSES 20 LICENSE AND FEES 1742
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MISCELLANEOUS INCLUDES- INVENTORY EXPENSE 29307, ASSOCIATION MEMEBERSHIPS 500 CORA EVENTS 11738.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CIRCULATES THE RETURN TO BOARD MEMBERS WHO MEET TO DISCUSS AND APPROVE IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5AT 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/ExplanationTxt6THE 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/FormAndLineReferenceDesc0Form 990, Part III, Section 1, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Section 1, Line 24B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Section 1, Line 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11A, 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section A, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section A, Line 4
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0300623
IRS990/TotalAssetsGrp/EOYAmt0333030
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IRS990/TotalContributionsAmt031432
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031269
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt082924
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114193
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0300623
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0333030
IRS990/TotalProgramServiceExpensesAmt082924
IRS990/TotalProgramServiceRevenueAmt087716
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0137776
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0300623
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0333030
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0520 FOLLY RD STE 25 PMB 221
IRS990/USAddress/CityNm0Charleston
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029412
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IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.CHARLESTONOCEANRACING.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER J KUYPER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08436978635
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARLESTON OCEAN RACING ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0576079578
ReturnHeader/Filer/PhoneNum08436978635
ReturnHeader/Filer/USAddress/AddressLine1Txt0520 FOLLY RD STE 25 PMB 221
ReturnHeader/Filer/USAddress/CityNm0CHARLESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260327390
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRIAN D KURTZ PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2046
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOUNT PLEASANT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029465
ReturnHeader/PreparerPersonGrp/PhoneNum08439715866
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN D KURTZ
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-14T06:42:38-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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