Corinthian Sailing Foundation Inc
- Assets
- $79.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 05/2004
- Data as of
- 12/2020
- EIN
- 20-0597028
Organization Overview
Corinthian Sailing Foundation Inc is located in Marblehead, MA. The organization was established in 2004. According to its NTEE Classification (N80) the organization is classified as: Professional Athletic Leagues, 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. Corinthian Sailing Foundation 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 12/2020, Corinthian Sailing Foundation Inc generated $12.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 62.7% each year . All expenses for the organization totaled $9.1k during the year ending 12/2020. While expenses have increased by 25.0% per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
GRANTS TO QUALIFIED UNRELATED ORGANIZATIONS PROMOTING SAILING
GRANTS TO QUALIFIED UNRELATED ORGANIZATIONS PROMOTING SAILING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Murphy Dowd President, Director | 1 | $0 | |
Kenneth P Taylor Treasurer, Director | 0 | $0 | |
Patricia Zonnenberg Sectretary, Director | 1 | $0 | |
John Godfrey Director | 0 | $0 | |
James H Taylor Director | 0 | $0 | |
Patrick Donegan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,240 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $554 |
| Total Revenue | $12,794 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $413 |
| Total expenses | $9,113 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,266 |
| Other assets | $0 |
| Total assets | $79,266 |
| Total liabilities | $0 |
| Net assets or fund balances | $79,266 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Corinthian Sailing Foundation Inc has recieved totaling $301.
| Awarding Organization | Amount |
|---|---|
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Mets Foundation Inc Flushing, NY | $3,242,253 | $1,313,694 |
National Intercollegiate Lacrosse Officials Assn Inc Topsfield, MA | $60,601 | $0 |
Usa Hockey Inc Concord, NH | $172,503 | $98,037 |
Pop Warner Little Scholars Inc New Fairfield, CT | $15,042 | $0 |
Colchester Youth Basketball League Inc Colchester, CT | $41,549 | $0 |
Granite State Kids Community Tennis Association Bedford, NH | $32,318 | $0 |
Warwick Youth Lacrosse Club Inc Warwick, NY | $17,891 | $0 |
Corinthian Sailing Foundation Inc Marblehead, MA | $79,266 | $0 |
Nwhl Foundation Inc Brooklyn, NY | $5,838 | $0 |