Civic Intelligence

The Foundry Sailing Association

990 • Fiscal year 2020 • EIN 81-4131039

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

1831 Columbus RdCleveland, OH 44113-2469

(440) 268-4310

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.87x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

4.20x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

3rd percentile

-129%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$17,000

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

12th percentile

-10%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-30%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$800,742

Down $91,809 (-10%) from 2019

Net Assets

Down

$106,814

Down $210,935 (-66%) from 2019

Liabilities

Up

$693,928

Up $119,126 (+21%) from 2019

Revenue

Down

$165,070

Down $69,916 (-30%) from 2019

Expenses

Down

$378,505

Down $125,611 (-25%) from 2019

Net Income

Up

-$213,435

Up $55,695 (+21%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2016: $47,671Liabilities 2016: $0Net Assets 2016: $47,6712016Assets 2017: $772,827Liabilities 2017: $55,583Net Assets 2017: $717,2442017Assets 2018: $857,310Liabilities 2018: $268,431Net Assets 2018: $588,8792018Assets 2019: $892,551Liabilities 2019: $574,802Net Assets 2019: $317,7492019Assets 2020: $800,742Liabilities 2020: $693,928Net Assets 2020: $106,8142020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$800,742
Liabilities$693,928
Net Assets$106,814

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $75,073Expenses 2016: $27,402Net Income 2016: $47,6712016Revenue 2017: $809,788Expenses 2017: $140,215Net Income 2017: $669,5732017Revenue 2018: $167,648Expenses 2018: $296,013Net Income 2018: -$128,3652018Revenue 2019: $234,986Expenses 2019: $504,116Net Income 2019: -$269,1302019Revenue 2020: $165,070Expenses 2020: $378,505Net Income 2020: -$213,4352020Revenue 2021: $147,833Expenses 2021: $211,703Net Income 2021: -$63,8702021

Highlighted filing

2020

Revenue$165,070
Expenses$378,505
Net Income-$213,435
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$165,070
Mission and Program Overview

Mission

Provide sailing instruction for youth and young adults

To provide sailing instruction for youths and young adults

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$763,254$720,060▼ $43,194
Loans From Officers Directors$533,922$638,595▲ $104,673
Accounts Receivable$50,963$51,443▲ $480
Pledges and Grants Receivable$43,500$18,500▼ $25,000
Prepaid Expenses and Deferred Charges$10,963$10,201▼ $762
Cash and Non-Interest-Bearing Accounts$23,871$538▼ $23,333
Total Assets$892,551$800,742▼ $91,809
Liabilities
Unsecured Notes Loans Payable$34,630$47,289▲ $12,659
Accounts Payable and Accrued Expenses$6,250$8,044▲ $1,794
Total Liabilities$574,802$693,928▲ $119,126
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$297,749$104,314▼ $193,435
Net Assets With Donor Restrictions$20,000$2,500▼ $17,500
Total Net Assets Fund Balance$317,749$106,814▼ $210,935
Total Liabilities and Net Assets / Fund Balance$892,551$800,742▼ $91,809

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$720,060$263,596-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rusty DeaneExecutive DirectorFT$17,000$17,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$110,155
Program Service Revenue
$54,810
Investment Income
$0
Other Revenue
$105
All Other Contributions
$110,155
Change in Net Assets
$-213,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$251,295
Salaries, Compensation, and Employee Benefits$127,210
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,569--$99,569
Depreciation Depletion$75,993--$75,993
Fees for Services Other$55,007--$55,007
Insurance$20,146--$20,146
Current Officers, Directors, Trustees, and Key Employees$17,000--$17,000
All Other Expenses$9,678$5,398-$15,076
Payroll Taxes$10,641--$10,641
Fees for Services Legal-$7,999-$7,999
Fees for Services Accounting-$7,600-$7,600
Other Expenses$6,526$10,596-$6,526
Office Expenses-$1,873-$1,873
Travel-$1,085-$1,085
Advertising$985--$985
Total Functional Expenses$343,954$34,551$0$378,505
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mcpc HoldingsRelated OrganizEmployee LeasingNo$55,007

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$533,922$638,595▲ $104,673
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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

Part VI Line 4

The foundry sailing assocation voted to merge with the cleveland foundry,

Part VI Line 4

ANOTHER 501(c)(3) CORPORATION, EFFECTIVE 7/1/2021

Part VI Line 11B

The form 990 will be reviewed by the finance committee after filing

Part VI Line 12C

The foundry sailing association relies on self reporting

Part VI Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
The Foundry Sailing Association
EIN
81-4131039
In Care Of
% DAVID W HILDEBRANDT
Phone
4402684310
Address
1831 COLUMBUS RD, Cleveland, OH 44113-2469

Signing Officer

Name
David W Hildebrandt
Title
Director
Phone
4402684310
Signed
2021-11-05

Organization Details

Principal Officer
Gina M Trebilcock
Formed
2016
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
20
Supplemental Narrative

Additional Explanations

Part IX Line 11G

EMPLOYEE LICENSE FEE Total expenses - $55007.00 Program service expenses - $55007.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0720060
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0263596
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0983656
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0720060
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MCPC HOLDINGS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RELATED ORGANIZ
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd5false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd6false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd7false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd8false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd9false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt055007
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMPLOYEE LEASING
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd0false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd1false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd2false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd3false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd4false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0638595
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd8false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd9false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd9false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0GENERAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0207752
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MCPC HOLDINGS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0RELATED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd8false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd9false
IRS990ScheduleL/TotalBalanceDueAmt0638595
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDRY SAILING ASSOCATION VOTED TO MERGE WITH THE CLEVELAND FOUNDRY,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANOTHER 501(c)(3) CORPORATION, EFFECTIVE 7/1/2021
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE REVIEWED BY THE FINANCE COMMITTEE AFTER FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDRY SAILING ASSOCIATION RELIES ON SELF REPORTING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EMPLOYEE LICENSE FEE Total expenses - $55007.00 Program service expenses - $55007.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part IX Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0892551
IRS990/TotalAssetsEOYAmt0800742
IRS990/TotalAssetsGrp/BOYAmt0892551
IRS990/TotalAssetsGrp/EOYAmt0800742
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0110155
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034551
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0343954
IRS990/TotalFunctionalExpensesGrp/TotalAmt0378505
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0574802
IRS990/TotalLiabilitiesEOYAmt0693928
IRS990/TotalLiabilitiesGrp/BOYAmt0574802
IRS990/TotalLiabilitiesGrp/EOYAmt0693928

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