Civic Intelligence

Lisot Sailing Foundation Inc

990 • Fiscal year 2018 • EIN 81-2660652

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

Organization ProfileWWW.LISOT.ORG
55 Cedar Gate RoadDarien, CT 06820

(203) 569-1199

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

46th percentile

1.8%

Higher net margin than 46% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

96th percentile

160%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2018

Revenue Growth

94th percentile

112%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2018

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$72,922

Up $62,150 (+577%) from 2016

Net Assets

Up

$72,922

Up $62,150 (+577%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin46th percentile

Revenue

Up

$582,203

Up $453,084 (+351%) from 2016

Expenses

Up

$571,627

Up $453,280 (+383%) from 2016

Net Income

Down

$10,576

Down $196 (-1.8%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$200K$150K$100K$50K$0Assets 2016: $10,772Liabilities 2016: $0Net Assets 2016: $10,7722016Assets 2018: $72,922Liabilities 2018: $0Net Assets 2018: $72,9222018Assets 2019: $99,973Liabilities 2019: $0Net Assets 2019: $99,9732019Assets 2020: $91,273Liabilities 2020: $0Net Assets 2020: $91,2732020Assets 2021: $116,566Liabilities 2021: $0Net Assets 2021: $116,5662021Assets 2022: $75,827Liabilities 2022: $0Net Assets 2022: $75,8272022Assets 2023: $87,248Liabilities 2023: $0Net Assets 2023: $87,2482023Assets 2024: $157,744Liabilities 2024: $0Net Assets 2024: $157,7442024

Highlighted filing

2018

Assets$72,922
Liabilities$0
Net Assets$72,922
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2016: $129,119Expenses 2016: $118,347Net Income 2016: $10,7722016Revenue 2018: $582,203Expenses 2018: $571,627Net Income 2018: $10,5762018Revenue 2019: $496,667Expenses 2019: $469,616Net Income 2019: $27,0512019Revenue 2020: $375,073Expenses 2020: $383,773Net Income 2020: -$8,7002020Revenue 2021: $428,787Expenses 2021: $403,274Net Income 2021: $25,5132021Revenue 2022: $453,394Expenses 2022: $494,133Net Income 2022: -$40,7392022Revenue 2023: $490,064Expenses 2023: $478,643Net Income 2023: $11,4212023Revenue 2024: $610,163Expenses 2024: $539,667Net Income 2024: $70,4962024

Highlighted filing

2018

Revenue$582,203
Expenses$571,627
Net Income$10,576
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$582,203
Mission and Program Overview

Mission

Healthful, wholesome, and character-building sport for youth: to disseminate information to children and young people about the sport of sailboat racing; to assist children and young people in developing their sailboat racing abilities to enable them to compete in local, regional, national, and international competition; to assist children and young people and their families in setting and achieving their goals in the sport of sailboat racing.

The corporation will promote, encourage, organize and conduct sailboat racing activities for healthful, wholesome, and character-building sport for youth: to disseminate information to children and young people about the sport of sailboat racing; to assist children and young people in developing their sailboat racing abilities to enable them to compete in local, regional, national, and international competition; to assist children and young people and their families in setting and achieving their goals in the sport of sailboat racing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$63,624$72,922▲ $9,298
Cash and Non-Interest-Bearing Accounts$48,496$63,845▲ $15,349
Land, Buildings, and Equipment, Net$15,128$9,077▼ $6,051
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$63,624$72,922▲ $9,298
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$63,624$72,922▲ $9,298
Total Liabilities and Net Assets / Fund Balance$63,624$72,922▲ $9,298

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,077$110,984$120,061
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Michael RudnickChair
Beth DanilekCo-chair
Sophie CowlesCo-chair
Doug WeferPast President
Anthony IaconisDirector
Bill CraneDirector
Greg GigliottiDirector
John LogueDirector
Josh ChisariDirector
Jack CowlesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$575,810
Investment Income
$0
Other Revenue
$6,393
Change in Net Assets
$10,576
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$398,783
Salaries, Compensation, and Employee Benefits$172,844
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$176,330--$176,330
Other Salaries and Wages$160,561--$160,561
Insurance$28,544--$28,544
Travel$26,396--$26,396
Payroll Taxes$12,283--$12,283
Fees for Services Legal-$9,724-$9,724
Depreciation Depletion$6,051--$6,051
Other Expenses$726$567-$567
Office Expenses-$348-$348
Total Functional Expenses$560,988$10,639$0$571,627
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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, Section A, Line 8B

“The governing body contemporaneously documented the meetings held or written actions undertaken during the year.”

Form 990, Part VI, Section B, Line 11B

“The governing body reviews form 990 before filing with the tax authorities.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lisot Sailing Foundation Inc
EIN
81-2660652
Phone
2035691199
Address
55 CEDAR GATE ROAD, DARIEN, CT 06820

Signing Officer

Name
Michael Rudnick
Title
President
Phone
2035691199
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Rudnick
Formed
2016
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
23

Preparer

Firm
Reynolds & Rowella Llp
Address
90 GROVE STREET, RIDGEFIELD, CT 06877
Preparer
Steven I Risbridger CPA
Phone
2034380161
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Coaching services: program service expenses 176,330. Management and general expenses 0. Fundraising expenses 0. Total expenses 176,330.”

Raw XML Appendix377 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.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0129119
IRS990ScheduleA/Total509Grp/TotalAmt01223906
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0579853
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0514934
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0129119
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01223906
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09077
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0110984
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0120061
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09077
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY CONTEMPORANEOUSLY DOCUMENTED THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY REVIEWS FORM 990 BEFORE FILING WITH THE TAX AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COACHING SERVICES: PROGRAM SERVICE EXPENSES 176,330. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 176,330.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt063624
IRS990/TotalAssetsEOYAmt072922
IRS990/TotalAssetsGrp/BOYAmt063624
IRS990/TotalAssetsGrp/EOYAmt072922
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010639
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0560988
IRS990/TotalFunctionalExpensesGrp/TotalAmt0571627
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt063624
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt072922
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0560988
IRS990/TotalProgramServiceRevenueAmt0575810
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0582203
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0582203
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt023
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt063624
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt072922
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt026396
IRS990/TravelGrp/TotalAmt026396
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt055 CEDAR GATE ROAD
IRS990/USAddress/CityNm0DARIEN
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006820
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.LISOT.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL RUDNICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02035691199
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LISOT SAILING FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LISO
ReturnHeader/Filer/EIN0812660652
ReturnHeader/Filer/PhoneNum02035691199
ReturnHeader/Filer/USAddress/AddressLine1Txt055 CEDAR GATE ROAD
ReturnHeader/Filer/USAddress/CityNm0DARIEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006820
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04A7A4C0B7769615070D480032643718E23D88416
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04A7A4C0B7769615070D480032643718E23D88416
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.159.168.169
ReturnHeader/FilingSecurityInformation/IPDt02019-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:47:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061143555
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REYNOLDS & ROWELLA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt090 GROVE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGEFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006877
ReturnHeader/PreparerPersonGrp/PhoneNum02034380161
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN I RISBRIDGER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-11-13T10:39:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$72,922
Liabilities
$0
Net assets
$72,922
Revenue
$582,203
Expenses
$571,627
Net income
$10,576
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.00$1.58$6.10$5.40$0.70
2023Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$4.90$4.79$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$4.53$4.94$0.41
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$4.29$4.03$0.26
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$3.75$3.84$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$4.97$4.70$0.27
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$5.82$5.72$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$1.29$1.18$0.11