Venice Youth Boating Association Inc
- Assets
- $302.1k
- Revenue
- $288.4k
- Investments
- $19.7k
- Employees
- 21
- Location
- Venice, FL
- Founding
- 05/1972
- Data as of
- 08/2022
- EIN
- 23-7112816
Organization Overview
Venice Youth Boating Association Inc is located in Venice, FL. The organization was established in 1972. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 08/2022, Venice Youth Boating Association Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venice Youth Boating 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 08/2022, Venice Youth Boating Association Inc generated $288.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $309.6k during the year ending 08/2022. While expenses have increased by 7.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEACH BEGINNING SAILING, PROVIDE CONTINUING EDUCATION IN SAILING TECHNIQUES, STRESS SPORTSMANSHIP, SEAMANSHIP AND WATER SAFETY TO REDUCE BOATING ACCIDENTS AND INCREASE ENJOYMENT OF BOATING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUMMER PROGRAM AND YEARLY PROGRAM TAUGHT YOUTH TO SAIL SAFELY. THE ADVANCED PROGRAM FURTHERED INTEREST AND BOAT SAFETY EDUCATION AMONG YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Occhino Treasurer | Trustee | 10 | $0 |
Richard Lawson Director | Trustee | 2 | $0 |
Florence Fauls Chairman | Trustee | 10 | $0 |
Edmund Campbell III Director | Trustee | 2 | $0 |
Michael Kirk Board Member | Trustee | 2 | $0 |
Kim Whiteman Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,526 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,898 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,424 |
| Total Program Service Revenue | $101,971 |
| Investment income | $454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,523 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,003 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $140 |
| Payroll taxes | $10,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,498 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $226 |
| Fees for services: Other | $3,087 |
| Advertising and promotion | $7,451 |
| Office expenses | $5,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,016 |
| Insurance | $20,586 |
| All other expenses | $3,806 |
| Total functional expenses | $309,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,935 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,680 |
| Net Land, buildings, and equipment | $175,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,701 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,992 |
| Total assets | $302,064 |
| Accounts payable and accrued expenses | $4,639 |
| Grants payable | $0 |
| Deferred revenue | $12,965 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,604 |
| Net assets without donor restrictions | $284,460 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $302,064 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Venice Youth Boating Association Inc has recieved totaling $25,084.
| Awarding Organization | Amount |
|---|---|
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: ENVIRONMENT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $84 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Square Foundation Ocala, FL | $124,141,413 | $8,724,488 |
United States Masters Swimming Inc Sarasota, FL | $7,327,632 | $3,454,621 |
Usa Water Ski & Wake Sports Inc Auburndale, FL | $1,442,821 | $1,825,367 |
Usa Swimming Inc Minneola, FL | $982,345 | $1,492,508 |
Sarasota Crew Inc Osprey, FL | $3,089,613 | $2,511,291 |
Water Sports Foundation Inc Orlando, FL | $355,212 | $1,138,831 |
Huntsville Swim Association Huntsville, AL | $601,008 | $1,169,266 |
Sarasota Sharks Incorporated Sarasota, FL | $1,254,329 | $1,187,905 |
Athens Bulldog Swim Club Inc Hull, GA | $405,540 | $725,242 |
Palm Beach Sailing Club Inc West Palm Beach, FL | $1,088,323 | $782,714 |
Coconut Grove Sailing Club Instructional Center Inc Miami, FL | $284,549 | $710,117 |
Sarasota Sailing Squadron Inc Sarasota, FL | $2,108,235 | $790,673 |