Namequoit Sailing Association Inc
- Assets
- $67.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Orleans, MA
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 06-0803110
Organization Overview
Namequoit Sailing Association Inc is located in Orleans, MA. The organization was established in 2000. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Namequoit Sailing Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Namequoit Sailing Association Inc generated $182.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $190.2k during the year ending 12/2022. While expenses have increased by 16.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO DEVELOP AN INTEREST IN SAILING AND TO PROMOTE A KNOWLEDGE OF SAFTY ON THE WATER. OFFER JUNIOR SAILING PROGRAMS TO INSTILL THE JOY OF SAILING AND TO TEACH SAILING AND RACING SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Williams Past Commodore | 3 | $0 | |
Helen Kelsey Secretary | 3 | $0 | |
Alix Heilala Treasurer | 3 | $0 | |
Maura Terrell Vice Commodore | 3 | $0 | |
Robert Summersgill Rear Commodore | 3 | $0 | |
Kevin Johnson Jr Sailing Program Chair | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,515 |
| Total Program Service Revenue | $159,623 |
| Membership dues | $17,363 |
| Investment income | $134 |
| Gain or Loss | $1,750 |
| Net Income from Gaming & Fundraising | -$70 |
| Other Revenue | $0 |
| Total Revenue | $182,012 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $62,599 |
| Professional fees and other payments to independent contractors | $1,136 |
| Occupancy, rent, utilities, and maintenance | $62,096 |
| Printing, publications, postage, and shipping | $458 |
| Other expenses | $63,939 |
| Total expenses | $190,228 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,095 |
| Other assets | $0 |
| Total assets | $67,095 |
| Total liabilities | $0 |
| Net assets or fund balances | $67,095 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Namequoit Sailing Association Inc has recieved totaling $1,575.
| Awarding Organization | Amount |
|---|---|
Cape Cod Five Cents Savings Bank Charitable Foundation Trust Orleans, MA PURPOSE: DONATION | $1,575 |
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