Storm Trysail Foundation
- Assets
- $340.2k
- Revenue
- $335.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Larchmont, NY
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-2672182
Organization Overview
Storm Trysail Foundation is located in Larchmont, NY. The organization was established in 2009. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, 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. Storm Trysail Foundation 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 12/2021, Storm Trysail Foundation generated $335.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $256.8k during the year ending 12/2021. While expenses have increased by 4.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SEEKS TO EFFECT, PROMOTE AND ENHANCE THE EDUCATION OF YOUNG SAILORS IN SAFETY AT SEA, SAFE BOAT HANDLING IN ALL CONDITIONS, AND SAFE BLUE WATER RACING AND PASSAGE MAKING THROUGH SEMINARS, REGATTAS, ON WATER TRAINING, AND THROUGH GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFETY AT SEA SEMINARS
INTERCOLLEGIATE REGATTA
GRANTS & OTHER
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Browning Secretary Tr | OfficerTrustee | 5 | $0 |
Lars Forsberg Vice Preside | OfficerTrustee | 5 | $0 |
Richard Du Moulin President/vi | OfficerTrustee | 5 | $0 |
David Askew Trustee | Trustee | 5 | $0 |
Aj Evans Trustee | Trustee | 5 | $0 |
John Fisher Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,652 |
| Noncash contributions included in lines 1a–1f | $30,002 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,652 |
| Total Program Service Revenue | $181,109 |
| Investment income | $3,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,779 |
| Advertising and promotion | $3,817 |
| Office expenses | $43,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $5,114 |
| Insurance | $12,340 |
| All other expenses | $9,134 |
| Total functional expenses | $256,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,099 |
| Savings and temporary cash investments | $57,401 |
| Pledges and grants receivable | $4,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $49,449 |
| Investments—publicly traded securities | $75,741 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,520 |
| Total assets | $340,210 |
| Accounts payable and accrued expenses | $13,252 |
| Grants payable | $0 |
| Deferred revenue | $26,000 |
| 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 | $39,252 |
| Net assets without donor restrictions | $299,458 |
| Net assets with donor restrictions | $1,500 |
| 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 | $340,210 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Storm Trysail Foundation has recieved totaling $46,624.
| Awarding Organization | Amount |
|---|---|
Community Foundation San Luis Obispo County San Luis Obispo, CA PURPOSE: TO SUPPORT OPPORTUNITIES FOR YOUNG MEN AND WOMEN TO ENGAGE IN OFFSHORE SAILING/RACING VIA THE RICHARD DU MOULIN AWARD,TO SUPPORT OPPORTUNITIES FOR YOUNG MEN AND WOMEN TO ENGAGE IN SAFE OFFSHORE RACING AND SAILING VIA THE RICHARD DU MOULIN AWARD | $30,000 |
Reinhold Foundation Newport Beach, CA PURPOSE: GENERAL | $5,000 |
Richard And Ann Du Moulin Foundation Tr Agreement Dtd June 2 Matawan, NJ PURPOSE: EDUCATION | $5,000 |
Grant Family Foundation Vero Beach, FL PURPOSE: TO SUPPORT THE EDUCATION OF YOUNG SAILORS, JUNIOR/ADULT SAFETY AT SEA, AND INTERCOLLEGIATE BIG BOAT RACING. | $3,000 |
Hutton Family Foundation Atherton, CA PURPOSE: SEE STATEMENT A | $2,500 |
The Phffoundation Inc Old Greenwich, CT PURPOSE: GENERAL PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Interscholastic Athletic Association Inc Mechanicsburg, PA | $8,620,824 | $8,959,016 |
The Patriot League Bethlehem, PA | $9,439,156 | $5,239,747 |
N J State Interscholastic Athletic Association Robbinsville, NJ | $4,281,078 | $5,144,812 |
Newton Community Service Centers Inc West Newton, MA | $2,289,980 | $4,749,934 |
Oakcliff Sailing Incorporated Oyster Bay, NY | $7,177,824 | $2,437,513 |
Howell Township Police Athletic League Inc Howell, NJ | $384,420 | $2,796,726 |
Winding Trails Inc Farmington, CT | $7,374,306 | $2,801,335 |
Gold Medal Karate Inc Philadelphia, PA | $325,219 | $2,265,129 |
Okemo Tutorial Program Inc Ludlow, VT | $1,559,218 | $2,008,018 |
South Jersey Barons Youth Club Inc Marlton, NJ | $793,189 | $1,661,298 |
United Workers Inc New Haven, CT | $1,308,064 | $1,358,213 |
Prince Athletic Association York, PA | $561,511 | $1,218,167 |