Us Patriot Sailing Inc
- Assets
- $341.8k
- Revenue
- $303.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chesapeake Beach, MD
- Founding
- 06/2014
- Data as of
- 09/2022
- EIN
- 46-4005941
Organization Overview
Us Patriot Sailing Inc is located in Chesapeake Beach, MD. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Us Patriot Sailing 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 09/2022, Us Patriot Sailing Inc generated $303.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 56.7% each year . All expenses for the organization totaled $161.3k during the year ending 09/2022. 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
VETERAN REHABILITATION THROUGH THE SPORT OF SAILING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTEGRATED COMBAT WOUNDED AND DISABLED VETERANS INTO COMPETITIVE TEAMS CREATED RACING AND TRAINING OPPORTUNITIES FOR VETERANS IN FLORIDA MARYLAND DISTRICT OF COLUMBIA VIRGINIA CALIFORNIA AND WASHINGTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Quinn Executive Director | Officer | 25 | $0 |
Sean Law Board Member | Trustee | 1 | $0 |
Jeff Kitchen Board Member | Trustee | 1 | $0 |
Eric Pedersen Board Member | Trustee | 0 | $0 |
Dailey Tipton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,045 |
| Noncash contributions included in lines 1a–1f | $142,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,863 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $303,864 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,476 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,658 |
| 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 | $48,215 |
| Insurance | $12,167 |
| All other expenses | $12,470 |
| Total functional expenses | $161,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,306 |
| Savings and temporary cash investments | $5 |
| Pledges and grants receivable | $0 |
| 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 | $325,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $341,790 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $87,890 |
| Net assets with donor restrictions | $253,900 |
| 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 | $341,790 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Us Patriot Sailing Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Carneal-Drew Foundation Richmond, VA PURPOSE: OPERATING FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
Sport And Entertainment Corporation Of Maryland Baltimore, MD | $53,419 | $1,410,259 |
Laurel Highlands Ligonier, PA | $9,995,015 | $2,370,476 |
Bike To The Beach Washington, DC | $0 | $1,888,538 |
American Recreation Coalition Washington, DC | $671,840 | $1,140,717 |
Williamsport Volunteer Fire And Emergency Medical Services Inc Williamsport, MD | $4,234,781 | $1,522,798 |
Vysa For Land Preservation Fredericksburg, VA | $6,332,662 | $617,000 |
Cherry Blossom Inc Bethesda, MD | $848,727 | $1,212,543 |
Riverside Camping Assn Lancaster, PA | $1,315,552 | $1,190,999 |
South County Athletic Association Lorton, VA | $414,265 | $1,243,554 |
Big Picture Alliance Philadelphia, PA | $507,623 | $596,811 |