Civic Intelligence

Triumph Sails Inc.

990EZ • Fiscal year 2022 • EIN 88-4120219

Jan 01, 2022 to Dec 31, 2022 • Filed on May 17, 2023

PO Box 922South Orleans, MA 02662

(907) 252-1151

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

61st percentile

12%

Higher net margin than 61% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$4,651

No earlier filing loaded for comparison.

Net Assets

$4,651

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

$34,000

No earlier filing loaded for comparison.

Expenses

$30,002

No earlier filing loaded for comparison.

Net Income

$3,998

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20K$15K$10K$5.0K$0Assets 2022: $4,651Net Assets 2022: $4,6512022Assets 2023: $15,951Net Assets 2023: $15,9512023Assets 2024: $11,218Net Assets 2024: $11,2182024

Highlighted filing

2022

Assets$4,651
Liabilities-
Net Assets$4,651

Operations Trend

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

$40K$30K$20K$10K$0-$10KRevenue 2022: $34,000Expenses 2022: $30,002Net Income 2022: $3,9982022Revenue 2023: $20,462Expenses 2023: $9,162Net Income 2023: $11,3002023Revenue 2024: $12,754Expenses 2024: $17,485Net Income 2024: -$4,7312024

Highlighted filing

2022

Revenue$34,000
Expenses$30,002
Net Income$3,998
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 17, 2023
Return Version
2022v5.0
Gross Receipts
$34,000
Mission and Program Overview

Mission

Environmental & maritime education

Program Services

DescriptionGrantsExpenses
TRIUMPH SAILS, INC. IS FORMED TO SAVE THE HISTORIC KETCH TRIUMPH. THE ESSEL HAD FALLEN INTO DISPAIR AND NEEDED SIGNIFICANT RENOVATION AND ONGOING MAINTENANCE. THROUGH FUNDRAISING, AND MEMBERSHIP THE RESTORATION OF TRIUMPH IS COMPLETE AND IS BETTER THAN EVER, SAFE, AND AVAILABLE TO ENJOY ON PLEASANT BAY. TRIUMPH SAILS IS BUILDING COMMUNITY THROUGH A LOVE OF SAILING WITH GUIDED SAILS AND SAILING LESSONS, PROVIDING MARITIME EDUCATION AND EXPERIENCE THAT PROMOTE THE CONSERVATION OF THE PLEASANT BAY MARINE ECO- SYSTEM THROUGH COMMUNITY PROGRAMS AND OPPORTUNITIES TO SAIL ON THE BAY.-$28,413
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SYLVIA GUILD BEAUDOINPresident-$0--
HUGH W CARPENTERTreasurer-$0--
CHRISTOPHER GALAZZIClerk-$0--
EDWARD R CARPENTER JRDirector-$0--
ELISE FEDERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Triumph Sails Inc
EIN
88-4120219
Phone
9072521151
Address
PO BOX 922, SOUTH ORLEANS, MA 02662

Signing Officer

Name
Sylvia Guild Beaudoin
Title
President
Phone
9072521151
Signed
2023-05-17
Discuss with paid preparer
Yes

Preparer

Firm
Sanders Walsh & Eaton Cpas LLC
Address
PO BOX F, OSTERVILLE, MA 02655
Preparer
Joseph F Mcgee CPA
Phone
5084280790
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses licenses, fees, permits 155 office and postage 934 bank charges 80 restoration 26,557 supplies 552 professional fees 500 miscellaneous 1,224 total 30,002

Form 990-ez, Part III, Line 28

Triumph sails, inc. Is formed to save the historic ketch triumph. The essel had fallen into dispair and needed significant renovation and ongoing maintenance. Through fundraising, and membership the restoration of triumph is complete and is better than ever, safe, and available to enjoy on pleasant bay. Triumph sails is building community through a love of sailing with guided sails and sailing lessons, providing maritime education and experience that promote the conservation of the pleasant bay marine eco- system through community programs and opportunities to sail on the bay.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRIUMPH SAILS, INC. IS FORMED TO SAVE THE HISTORIC KETCH TRIUMPH. THE ESSEL HAD FALLEN INTO DISPAIR AND NEEDED SIGNIFICANT RENOVATION AND ONGOING MAINTENANCE. THROUGH FUNDRAISING, AND MEMBERSHIP THE RESTORATION OF TRIUMPH IS COMPLETE AND IS BETTER THAN EVER, SAFE, AND AVAILABLE TO ENJOY ON PLEASANT BAY. TRIUMPH SAILS IS BUILDING COMMUNITY THROUGH A LOVE OF SAILING WITH GUIDED SAILS AND SAILING LESSONS, PROVIDING MARITIME EDUCATION AND EXPERIENCE THAT PROMOTE THE CONSERVATION OF THE PLEASANT BAY MARINE ECO- SYSTEM THROUGH COMMUNITY PROGRAMS AND OPPORTUNITIES TO SAIL ON THE BAY.
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