Sails Up 4 Cancer Inc
- Assets
- $85.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mystic, CT
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 27-5553950
Organization Overview
Sails Up 4 Cancer Inc is located in Mystic, CT. The organization was established in 2011. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sails Up 4 Cancer 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 12/2023, Sails Up 4 Cancer Inc generated $111.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $150.3k during the year ending 12/2023. While expenses have increased by 19.5% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
GRANTS GIVEN TO INDIVIDUALS FIGHTING CANCER. THE GRANTS RANGE FROM $500-2,000. THEY MONEY IS USED TO PAY EXPENSES SUCH AS RENT, UTILITIES, MEDICINE, AND FOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Davis CEO | 15 | $4,000 | |
Karen Davis Secretary | 10 | $0 | |
Jamie Lee Treasurer | 5 | $0 | |
Shannon Cavanaugh Director | 5 | $0 | |
Holly Phelps Director | 5 | $0 | |
Catherine O'brien Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,875 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,875 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,000 |
| Professional fees and other payments to independent contractors | $19,145 |
| Occupancy, rent, utilities, and maintenance | $7,450 |
| Printing, publications, postage, and shipping | $1,812 |
| Other expenses | $33,606 |
| Total expenses | $150,313 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,230 |
| Other assets | $0 |
| Total assets | $85,230 |
| Total liabilities | $0 |
| Net assets or fund balances | $85,230 |