Civic Intelligence

Collegiate Offshore Sailing Circut Inc.

EIN 83-2798346 • 501(c)3 • Marblehead, MA

RevokedPub. 78 Eligible

Profile

To educate sailors in the skills to cruise and race offshore

Revocation date: May 15, 2021

58C Bracket PlaceMarblehead, MA 01945

n/A

Siviq Scores

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

Liabilities / Assets

91st percentile

0.77x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

18.40x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

2nd percentile

-1507%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

23rd percentile

-33%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

10th percentile

-74%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$249,948

Down $101,573 (-29%) from 2023

Liabilities

Flat

$192,262

Flat from 2023

Net Assets

Down

$57,686

Down $101,573 (-64%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin2nd percentile

Revenue

Down

$10,450

Down $146,474 (-93%) from 2023

Expenses

Down

$167,900

Down $136,868 (-45%) from 2023

Net Income

Down

-$157,450

Down $9,606 (-6.5%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

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

$800K$600K$400K$200K$0Assets 2019: $710,894Liabilities 2019: $496,089Net Assets 2019: $214,8052019Assets 2021: $709,560Liabilities 2021: $200,000Net Assets 2021: $509,5602021Assets 2022: $559,366Liabilities 2022: $252,262Net Assets 2022: $307,1042022Assets 2023: $351,521Liabilities 2023: $192,262Net Assets 2023: $159,2592023Assets 2024: $249,948Liabilities 2024: $192,262Net Assets 2024: $57,6862024

Highlighted filing

2024

Assets$249,948
Liabilities$192,262
Net Assets$57,686
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.0M$500K$0-$500KRevenue 2019: $826,020Expenses 2019: $321,089Net Income 2019: $504,9312019Revenue 2021: $379,636Expenses 2021: $281,794Net Income 2021: $97,8422021Revenue 2022: $160,611Expenses 2022: $318,754Net Income 2022: -$158,1432022Revenue 2023: $156,924Expenses 2023: $304,768Net Income 2023: -$147,8442023Revenue 2024: $10,450Expenses 2024: $167,900Net Income 2024: -$157,4502024

Highlighted filing

2024

Revenue$10,450
Expenses$167,900
Net Income-$157,450
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$249,948
Liabilities
$192,262
Net assets
$57,686
Revenue
$10,450
Expenses
$167,900
Net income
-$157,450
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$1.92$0.58$0.10$1.68$1.57
2023Detailed filing. Detailed filing data is available for this year.$3.52$1.92$1.59$1.57$3.05$1.48
2022Detailed filing. Detailed filing data is available for this year.$5.59$2.52$3.07$1.61$3.19$1.58
2021Detailed filing. Detailed filing data is available for this year.$7.10$2.00$5.10$3.80$2.82$0.98
2019Summary only. Only limited summary data is available for this year.$7.11$4.96$2.15$8.26$3.21$5.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$10,450
Mission and Program Overview

Mission

To educate sailors in the skills to cruise and race offshore

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$277,565$216,950▼ $60,615
Rtn Earn Endowment Incm Other Fnds$159,259$57,686▼ $101,573
Savings and Temporary Cash Investments$73,956$32,998▼ $40,958
Total Assets$351,521$249,948▼ $101,573
Liabilities
Other Liabilities$115,000$115,000→ $0
Accounts Payable and Accrued Expenses$77,262$77,262→ $0
Total Liabilities$192,262$192,262→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$159,259$57,686▼ $101,573
Total Liabilities and Net Assets / Fund Balance$351,521$249,948▼ $101,573

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$36,450--
Equipment$180,500$662,396-
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Richard B WilsonPresident / Trustee
Stanley T F SchreyerSecretary / Trustee
A Rives Potts JRTrustee
Brad DellenbaughTrustee
Edward R CesareTrustee
Peter GarciaTrustee
Alan L Mckinnon JRTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,450
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,450
Change in Net Assets
$-157,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$167,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$116,492$0$0$116,492
Insurance$29,418$0$0$29,418
Other Expenses$326$0$0$326
Total Functional Expenses$167,900$0$0$167,900
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$115,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Collegiate Offshore Sailing Circuit Inc
EIN
83-2798346
Phone
6177911585
Address
58C Bracket Place, Marblehead, MA 01945
Doing Business As
Cosc

Signing Officer

Name
Alan J McKinnon JR
Title
Treasurer
Phone
6177911585
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan J McKinnon JR
Formed
2018
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
MacArthur & McCoy PC
Address
611 Main Street Suite 204, Winchester, MA 01890
Preparer
Phillip S McCoy
Phone
7817211234
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The organization provides a copy of IRS form 990 to each member of the board of trustees for review, prior to filing the return.”

Raw XML Appendix361 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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IRS990/TotalContributionsAmt010450
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0167900
IRS990/TotalFunctionalExpensesGrp/TotalAmt0167900
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0192262
IRS990/TotalLiabilitiesEOYAmt0192262
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IRS990/TotalLiabilitiesGrp/EOYAmt0192262
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0159259
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt057686
IRS990/TotalProgramServiceExpensesAmt0167900
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010450
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0249948
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt021 Robert Road
IRS990/USAddress/CityNm0Marblehead
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001945
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Alan J McKinnon JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06177911585
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Collegiate Offshore Sailing Circuit Inc
ReturnHeader/Filer/BusinessNameControlTxt0COLL
ReturnHeader/Filer/EIN0832798346
ReturnHeader/Filer/PhoneNum06177911585
ReturnHeader/Filer/USAddress/AddressLine1Txt058C Bracket Place
ReturnHeader/Filer/USAddress/CityNm0Marblehead
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001945
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043072628
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MacArthur & McCoy PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0611 Main Street Suite 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Winchester
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001890
ReturnHeader/PreparerPersonGrp/PhoneNum07817211234
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Phillip S McCoy
ReturnHeader/ReturnTs02025-11-12T14:55:27-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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