Civic Intelligence

United States Power Squadrons

990 • Fiscal year 2023 • EIN 59-6134945

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 16, 2024

Organization Profilewww.sarasotapowerandsailsquadron.org
2814 Hyde Park StSarasota, FL 34239-3227

(941) 953-7565

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

8th percentile

-69%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

31st percentile

-11%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-67%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$346,827

Down $41,363 (-11%) from 2022

Net Assets

Down

$342,274

Down $41,937 (-11%) from 2022

Liabilities

Up

$4,553

Up $574 (+14%) from 2022

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin8th percentile

Revenue

Down

$60,570

Down $122,152 (-67%) from 2022

Expenses

Down

$102,507

Down $29,706 (-22%) from 2022

Net Income

Down

-$41,937

Down $92,446 (-183%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,172,893Liabilities 2011: $0Net Assets 2011: $1,172,8932011Assets 2013: $662,806Liabilities 2013: $4,944Net Assets 2013: $657,8622013Assets 2016: $199,127Liabilities 2016: $1,031Net Assets 2016: $198,0962016Assets 2017: $286,102Liabilities 2017: $2,093Net Assets 2017: $284,0092017Assets 2018: $381,137Liabilities 2018: $5,900Net Assets 2018: $375,2372018Assets 2019: $363,746Liabilities 2019: $4,222Net Assets 2019: $359,5242019Assets 2020: $347,516Liabilities 2020: $736Net Assets 2020: $346,7802020Assets 2021: $337,155Liabilities 2021: $3,453Net Assets 2021: $333,7022021Assets 2022: $388,190Liabilities 2022: $3,979Net Assets 2022: $384,2112022Assets 2023: $346,827Liabilities 2023: $4,553Net Assets 2023: $342,2742023Assets 2024: $333,808Liabilities 2024: $11,329Net Assets 2024: $322,4792024

Highlighted filing

2023

Assets$346,827
Liabilities$4,553
Net Assets$342,274
Open 2023 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $39,0302011Revenue 2013: $58,863Expenses 2013: $56,230Net Income 2013: $2,6332013Revenue 2016: $118,709Expenses 2016: $120,236Net Income 2016: -$1,5272016Revenue 2017: $188,426Expenses 2017: $102,513Net Income 2017: $85,9132017Revenue 2018: $200,565Expenses 2018: $109,337Net Income 2018: $91,2282018Revenue 2019: $86,242Expenses 2019: $101,955Net Income 2019: -$15,7132019Revenue 2020: $63,954Expenses 2020: $76,698Net Income 2020: -$12,7442020Revenue 2021: $54,614Expenses 2021: $67,692Net Income 2021: -$13,0782021Revenue 2022: $182,722Expenses 2022: $132,213Net Income 2022: $50,5092022Revenue 2023: $60,570Expenses 2023: $102,507Net Income 2023: -$41,9372023Revenue 2024: $91,115Expenses 2024: $110,910Net Income 2024: -$19,7952024

Highlighted filing

2023

Revenue$60,570
Expenses$102,507
Net Income-$41,937
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 16, 2024
Return Version
2023v5.1
Gross Receipts
$60,570
Mission and Program Overview

Mission

Informing the public of safe boating practices via courses, inspections and seminars. Educate the membership in advanced navigation skills and safety, and promote civic services and fraternal activities.

Inform the public of safe boating practice via courses, inspections, and seminars. Educate the membership on advanced navigation skills and safety, promote volunteer services to the general boating public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$344,578$332,324▼ $12,254
Cash and Non-Interest-Bearing Accounts$42,769$13,845▼ $28,924
Inventories for Sale or Use$493$508▲ $15
Total Assets$388,190$346,827▼ $41,363
Other Assets Total$350$150▼ $200
Liabilities
Accounts Payable and Accrued Expenses$3,979$4,553▲ $574
Total Liabilities$3,979$4,553▲ $574
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$384,211$342,274▼ $41,937
Total Net Assets Fund Balance$384,211$342,274▼ $41,937
Total Liabilities and Net Assets / Fund Balance$388,190$346,827▼ $41,363

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$307,324$476,397$783,721
Other Land Buildings-$85,872$85,872
Land$25,000-$25,000
Equipment-$5,847$5,847
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Barbara WolfeDirector
Franklin TugwellDirector
Austin DickersonAdmin Officer
Roxanne E FoxCommander
Joseph BanetteEducation Officer
Bary RushExecutive Officer
Robert WolfeParliamentarian
Water RodakSecretary
Daniel SullivanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,901
Program Service Revenue
$42,669
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-41,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,106
Grants and Similar Amounts Paid$401
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$36,642-$36,642
Office Expenses-$17,882-$17,882
Depreciation Depletion-$12,254-$12,254
Conferences and Meetings$6,518--$6,518
Grants to Domestic Orgs---$401
Other Expenses$56$6,519-$56
Total Functional Expenses$23,219$78,887$0$102,507
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6

“The organization had 322 members as of 12/31/21”

Form 990, Part VI, Line 7A

“Executive Committee members are elected by the general membership”

Form 990, Part VI, Line 11B

“Reviewed by the Commander”

Form 990, Part VI, Line 19

“Governing documents and Conflict of Interest Policy are made available to membership on the internet. Financial reports are presented monthly to the membership or upon requrest.”

Filing and Contact Details

Filer

Filer Name
Sarasota Power Squadron
EIN
59-6134945
In Care Of
% Rita Aughey
Address
2814 Hyde Park St, Sarasota, FL 34239-3227

Signing Officer

Name
Daniel Sullivan
Title
Treasurer
Signed
2024-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Sullivan
Formed
1991
Legal Domicile
Fl
Voting Board Members
23
Independent Board Members
23
Employees
0

Preparer

Firm
Wright Accounting Inc
Address
1226 N Tamiami Trail 200, Sarasota, FL 34236
Preparer
G C Wright
Phone
9413660344
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“These services are fraternal events that promote interaction among members about safe boating, cruising opportunities, tips on vessel handling, maintenance and friendship. These activities include weekly luncheons, social events, ceremonies, sports.”

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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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IRS990ScheduleA/PublicSupportPY509Pct00.98350
IRS990ScheduleA/PublicSupportTotal509Amt0317472
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt060626
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt059712
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt053834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt059979
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt083321
IRS990ScheduleA/Total509Grp/TotalAmt0317472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt060626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt059712
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt054614
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt063954
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt086241
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0325147
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0307324
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0476397
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0783721
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05847
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05847
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt085872
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt085872
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0332324
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0These services are fraternal events that promote interaction among members about safe boating, cruising opportunities, tips on vessel handling, maintenance and friendship. These activities include weekly luncheons, social events, ceremonies, sports.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization had 322 members as of 12/31/21
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Executive Committee members are elected by the general membership
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Reviewed by the Commander
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents and Conflict of Interest Policy are made available to membership on the internet. Financial reports are presented monthly to the membership or upon requrest.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0388190
IRS990/TotalAssetsEOYAmt0346827
IRS990/TotalAssetsGrp/BOYAmt0388190
IRS990/TotalAssetsGrp/EOYAmt0346827
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt017901
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078887
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt023219
IRS990/TotalFunctionalExpensesGrp/TotalAmt0102507
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03979
IRS990/TotalLiabilitiesEOYAmt04553
IRS990/TotalLiabilitiesGrp/BOYAmt03979
IRS990/TotalLiabilitiesGrp/EOYAmt04553
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0384211
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0342274
IRS990/TotalProgramServiceExpensesAmt023219
IRS990/TotalProgramServiceRevenueAmt042669
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042669
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt060570
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0388190
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0346827
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02814 Hyde Park St
IRS990/USAddress/CityNm0Sarasota
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034239
IRS990/VotingMembersGoverningBodyCnt023
IRS990/VotingMembersIndependentCnt023
IRS990/WebsiteAddressTxt0www.sarasotapowerandsailsquadron.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Daniel Sullivan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sarasota Power Squadron
ReturnHeader/Filer/BusinessNameControlTxt0SARA
ReturnHeader/Filer/EIN0596134945
ReturnHeader/Filer/InCareOfNm0% Rita Aughey
ReturnHeader/Filer/USAddress/AddressLine1Txt02814 Hyde Park St
ReturnHeader/Filer/USAddress/CityNm0Sarasota
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0342393227
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650232872
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wright Accounting Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01226 N Tamiami Trail 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sarasota
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034236
ReturnHeader/PreparerPersonGrp/PhoneNum09413660344
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0G C Wright
ReturnHeader/ReturnTs02024-11-16T07:39:24-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$346,827
Liabilities
$4,553
Net assets
$342,274
Revenue
$60,570
Expenses
$102,507
Net income
-$41,937
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.01$0.32$0.09$0.11$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.34$0.06$0.10$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.38$0.18$0.13$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.00$0.33$0.05$0.07$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.00$0.35$0.06$0.08$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.00$0.36$0.09$0.10$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.01$0.38$0.20$0.11$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.00$0.28$0.19$0.10$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.00$0.20$0.12$0.12$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.06$0.06$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.00$1.17$0.04