Civic Intelligence

Privateer Sailing Education Foundation

990EZ • Fiscal year 2020 • EIN 82-5155319

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 28, 2021

4713 Privateer RoadHixson, TN 37343

(423) 877-9411

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

29th percentile

-9.2%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

23rd percentile

-14%

Faster asset growth than 23% of similar nonprofits.

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

Revenue Growth

68th percentile

4.3%

Faster revenue growth than 68% of similar nonprofits.

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

Assets

Down

$46,572

Down $7,793 (-14%) from 2019

Net Assets

$46,464

No earlier filing loaded for comparison.

Liabilities

Flat

$108

Flat from 2019

Revenue

Up

$85,136

Up $3,501 (+4.3%) from 2019

Expenses

Up

$92,929

Up $1,557 (+1.7%) from 2019

Net Income

Up

-$7,793

Up $1,944 (+20%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2018: $64,102Liabilities 2018: $1082018Assets 2019: $54,365Liabilities 2019: $1082019Assets 2020: $46,572Liabilities 2020: $108Net Assets 2020: $46,4642020Assets 2021: $96,825Liabilities 2021: $303Net Assets 2021: $96,5222021Assets 2022: $103,214Liabilities 2022: $302Net Assets 2022: $102,9122022Assets 2023: $120,613Liabilities 2023: $11,120Net Assets 2023: $109,4932023Assets 2024: $100,618Liabilities 2024: $650Net Assets 2024: $99,9682024

Highlighted filing

2020

Assets$46,572
Liabilities$108
Net Assets$46,464

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2018: $114,414Expenses 2018: $50,420Net Income 2018: $63,9942018Revenue 2019: $81,635Expenses 2019: $91,372Net Income 2019: -$9,7372019Revenue 2020: $85,136Expenses 2020: $92,929Net Income 2020: -$7,7932020Revenue 2021: $138,459Expenses 2021: $88,401Net Income 2021: $50,0582021Revenue 2022: $107,479Expenses 2022: $101,089Net Income 2022: $6,3902022Revenue 2023: $140,774Expenses 2023: $134,193Net Income 2023: $6,5812023Revenue 2024: $109,888Expenses 2024: $119,716Net Income 2024: -$9,8282024

Highlighted filing

2020

Revenue$85,136
Expenses$92,929
Net Income-$7,793
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 28, 2021
Return Version
2020v4.1
Gross Receipts
$85,136
Mission and Program Overview

Mission

The Privateer Sailing Education Foundation (PSEF) provides management of all aspects of sailing education at Privateer Yacht Club. The PSEF organizes and delivers sailing education for adults and children as well as the physically challenged.

Program Services

DescriptionGrantsExpenses
The PSEF organizes and delivers sailing educationfor adults and children as well as the physically challenged.$0$78,687
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Spencer WiberleyPresident-$0--
Tim ChambersSecretary/TreasurerPT$0--
Bill RobertsonBoard Member-$0--
Edith CollinsBoard Member-$0--
Scott LeeBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Privateer Sailing Education Foundation
EIN
82-5155319
Phone
4238779411
Address
4713 PRIVATEER ROAD, HIXSON, TN 37343

Signing Officer

Name
Tim Chambers
Title
Treasurer
Phone
4238779411
Signed
2021-10-28
Discuss with paid preparer
Yes

Preparer

Firm
David G Queen CPA
Address
2120 NORTHGATE PARK LANE SUITE 303, CHATTANOOGA, TN 37415
Preparer
David Queen
Phone
4238755338
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

Boat Rental Income 16475.

Form 990EZ, Part I, Line 16

ADVERTISING 4507.

Form 990EZ, Part I, Line 16

AWARDS 287.

Form 990EZ, Part I, Line 16

Payroll tax expense 2397.

Form 990EZ, Part I, Line 16

INSURANCE 4760.

Form 990EZ, Part I, Line 16

BOAT FUEL 389.

Form 990EZ, Part I, Line 16

OFFICE SUPPLIES 309.

Form 990EZ, Part I, Line 16

MEALS 648.

Form 990EZ, Part I, Line 16

PAYPAL FEE 485.

Form 990EZ, Part I, Line 16

SUPPLIES 1083.

Form 990EZ, Part I, Line 16

TAXES & LICENSE 1335.

Form 990EZ, Part I, Line 16

Depreciation 23553.

Form 990EZ, Part I, Line 16

DUES 370.

Form 990EZ, Part I, Line 16

AUTO EXPENSE 68.

Form 990EZ, Part I, Line 16

TRAVEL 47.

Form 990EZ, Part I, Line 16

ADULT LEARN TO SAIL 471.

Form 990EZ, Part II, Line 24

PAYROLL TAX OVERPAYMENT

Raw XML Appendix200 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HIXSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Bill Robertson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Edith Collins
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Scott Lee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary/Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0true
IRS990EZ/OrganizationHadUBIInd0true
IRS990EZ/OtherExpensesTotalAmt040709
IRS990EZ/OtherRevenueTotalAmt016475
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The Privateer Sailing Education Foundation (PSEF) provides management of all aspects of sailing education at Privateer Yacht Club. The PSEF organizes and delivers sailing education for adults and children as well as the physically challenged.
IRS990EZ/PrintingPublicationsPostageAmt0410
IRS990EZ/ProgramServiceRevenueAmt045723
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt078687
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt031336
IRS990EZ/SaleOfAssetsGrossAmt06267
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0108
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0108
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt092929
IRS990EZ/TotalProgramServiceExpensesAmt078687
IRS990EZ/TotalRevenueAmt085136
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt070212
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt063227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0112531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0245970
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0230
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt028
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0258
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99900
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt0245970
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt070212
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt063227
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0112531
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0245970
IRS990ScheduleA/TotalSupportAmt0246228
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Boat Rental Income 16475.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ADVERTISING 4507.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AWARDS 287.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL TAX EXPENSE 2397.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INSURANCE 4760.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOAT FUEL 389.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OFFICE SUPPLIES 309.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEALS 648.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PAYPAL FEE 485.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9SUPPLIES 1083.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TAXES & LICENSE 1335.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Depreciation 23553.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12DUES 370.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13AUTO EXPENSE 68.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14TRAVEL 47.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15ADULT LEARN TO SAIL 471.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16PAYROLL TAX OVERPAYMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part II, Line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tim Chambers
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04238779411
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRIVATEER SAILING EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PRIV
ReturnHeader/Filer/EIN0825155319
ReturnHeader/Filer/PhoneNum04238779411
ReturnHeader/Filer/USAddress/AddressLine1Txt04713 PRIVATEER ROAD
ReturnHeader/Filer/USAddress/CityNm0HIXSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037343
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID G QUEEN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02120 NORTHGATE PARK LANE SUITE 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHATTANOOGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037415
ReturnHeader/PreparerPersonGrp/PhoneNum04238755338
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Queen
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-12T13:15:50-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Tim
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Chambers
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings