Civic Intelligence

F40 Corporation

EIN 59-3811626 • 501(c)7 • Annapolis, MD

Profile

Staging of amatuer one design racing sailboat regattas for club members

620 Chesapeake AvenueAnnapolis, MD 21403

n/A

Siviq Scores

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

Liabilities / Assets

80th percentile

0.15x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.43x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2018

Net Margin

2nd percentile

-639%

Higher net margin than 2% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

501(c)7 • <$500k nonprofits • Source year 2018

Asset Growth

9th percentile

-68%

Faster asset growth than 9% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-72%

Faster revenue growth than 5% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$78,753

Down $165,882 (-68%) from 2017

Liabilities

Up

$11,732

Up $7,754 (+195%) from 2017

Net Assets

Down

$67,021

Down $173,636 (-72%) from 2017

Operations
Liabilities / Revenue89th percentileNet Margin2nd percentile

Revenue

Down

$27,165

Down $71,287 (-72%) from 2017

Expenses

Up

$200,801

Up $178,480 (+800%) from 2017

Net Income

Down

-$173,636

Down $249,767 (-328%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$400K$300K$200K$100K$0Assets 2013: $339,947Liabilities 2013: $10,307Net Assets 2013: $329,6402013Assets 2014: $302,639Liabilities 2014: $12,784Net Assets 2014: $289,8552014Assets 2015: $237,890Liabilities 2015: $10,182Net Assets 2015: $227,7082015Assets 2016: $165,836Liabilities 2016: $1,310Net Assets 2016: $164,5262016Assets 2017: $244,635Liabilities 2017: $3,978Net Assets 2017: $240,6572017Assets 2018: $78,753Liabilities 2018: $11,732Net Assets 2018: $67,0212018

Highlighted filing

2018

Assets$78,753
Liabilities$11,732
Net Assets$67,021
Open 2018 Filing

Operations Trend

Revenue Growth5th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2013: $64,415Expenses 2013: $139,971Net Income 2013: -$75,5562013Revenue 2014: $68,208Expenses 2014: $107,993Net Income 2014: -$39,7852014Revenue 2015: $58,000Expenses 2015: $120,147Net Income 2015: -$62,1472015Revenue 2016: $40,401Expenses 2016: $103,583Net Income 2016: -$63,1822016Revenue 2017: $98,452Expenses 2017: $22,321Net Income 2017: $76,1312017Revenue 2018: $27,165Expenses 2018: $200,801Net Income 2018: -$173,6362018

Highlighted filing

2018

Revenue$27,165
Expenses$200,801
Net Income-$173,636
Open 2018 Filing

Filings

Most recent year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,753
Liabilities
$11,732
Net assets
$67,021
Revenue
$27,165
Expenses
$200,801
Net income
-$173,636
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.79$0.12$0.67$0.27$2.01$1.74
2017Detailed filing. Detailed filing data is available for this year.$2.45$0.04$2.41$0.98$0.22$0.76
2016Detailed filing. Detailed filing data is available for this year.$1.66$0.01$1.65$0.40$1.04$0.63
2015Detailed filing. Detailed filing data is available for this year.$2.38$0.10$2.28$0.58$1.20$0.62
2014Detailed filing. Detailed filing data is available for this year.$3.03$0.13$2.90$0.68$1.08$0.40
2013Detailed filing. Detailed filing data is available for this year.$3.40$0.10$3.30$0.64$1.40$0.76
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 8, 2019
Return Version
2018v3.1
Gross Receipts
$27,165
Mission and Program Overview

Mission

Staging of amatuer one design racing sailboat regattas for club members

Program Services

DescriptionGrantsExpenses
CONTINUED VIABILITY OF THE F40 ONE DESIGN RACING SAILING YACHT--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GEOFFREY STAGGVice President-$0--
Filing and Contact Details

Filer

Filer Name
F40 Corporation
EIN
59-3811626
Phone
4102681001
Address
620 CHESAPEAKE AVENUE, ANNAPOLIS, MD 21403

Signing Officer

Name
Geoffrey Stagg
Title
Vice President
Signed
2019-05-08
Discuss with paid preparer
Yes

Preparer

Firm
Sr Gildenberg & Associates Inc
Address
83 DITMAR BLVD, WHITEHOUSE STATION, NJ 08889
Preparer
Sanford R Gildenberg
Phone
9088434645
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $7160”

Other Expenses.1002

“Office Expenses $3951”

Other Expenses.1003

“Information Technology $1859”

Other Expenses.1012

“Insurance $2998”

Other Expenses.1

“Telephone & conference calls $5416”

Other Expenses.2

“REGATTA COSTS $4262”

Other Expenses.3

“UTILITIES $967”

Other Expenses.4

“Dues and subscriptions $292”

Other Assets.1005

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $5000”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $3978 Accounts Payable and Accrued Expenses - Ending $11732”

Raw XML Appendix112 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0GEOFFREY STAGG
IRS990EZ/BooksInCareOfDetail/PhoneNum04102681001
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0620 CHESAPEAKE AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ANNAPOLIS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd021403
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0244635
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt073753
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-173636
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0173747
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0244635
IRS990EZ/Form990TotalAssetsGrp/EOYAmt078753
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt027165
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt0310
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt026855
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0240657
IRS990EZ/NetAssetsOrFundBalancesEOYAmt067021
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0240657
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt067021
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GEOFFREY STAGG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt05000
IRS990EZ/OtherExpensesTotalAmt026905
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0STAGING OF AMATUER ONE DESIGN RACING SAILBOAT REGATTAS FOR CLUB MEMBERS
IRS990EZ/PrintingPublicationsPostageAmt0149
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONTINUED VIABILITY OF THE F40 ONE DESIGN RACING SAILING YACHT
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03978
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt011732
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0200801
IRS990EZ/TotalRevenueAmt027165
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $7160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $3951
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $1859
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $2998
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TELEPHONE & CONFERENCE CALLS $5416
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REGATTA COSTS $4262
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UTILITIES $967
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DUES AND SUBSCRIPTIONS $292
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Accounts Receivable - Beginning $0 Accounts Receivable - Ending $5000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Accounts Payable and Accrued Expenses - Beginning $3978 Accounts Payable and Accrued Expenses - Ending $11732
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Total Liabilities.1001
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GEOFFREY STAGG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0F40 CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0F40C
ReturnHeader/Filer/EIN0593811626
ReturnHeader/Filer/PhoneNum04102681001
ReturnHeader/Filer/USAddress/AddressLine1Txt0620 CHESAPEAKE AVENUE
ReturnHeader/Filer/USAddress/CityNm0ANNAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223272047
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SR GILDENBERG & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt083 DITMAR BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WHITEHOUSE STATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008889
ReturnHeader/PreparerPersonGrp/PhoneNum09088434645
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sanford R Gildenberg
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-08T09:45:19-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.