Niantic Bay Sailing Academy
- Assets
- $136.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Niantic, CT
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 47-1703043
Organization Overview
Niantic Bay Sailing Academy is located in Niantic, CT. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niantic Bay Sailing Academy 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, Niantic Bay Sailing Academy generated $111.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $87.1k during the year ending 12/2021. While expenses have increased by 11.7% 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE SEAMANSHIP AND SAILBOAT RACING FOR YOUTH TEACHING SAILING BASICS EFFICIENTLY WITH AN EMPHASIS ON ENJOYMENT OF THE ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Shluger President | 0 | $0 | |
Harlan Fredericksen Vice President | 0 | $0 | |
Bill Healy Vice President | 0 | $0 | |
Jim Miller Treasurer | 0 | $0 | |
Drew Lyons Secretary | 0 | $0 | |
Constantine Manthous Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,231 |
| Total Program Service Revenue | $55,344 |
| Membership dues | $0 |
| Investment income | $112 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,687 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,830 |
| Professional fees and other payments to independent contractors | $370 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,250 |
| Other expenses | $40,601 |
| Total expenses | $87,051 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,607 |
| Other assets | $0 |
| Total assets | $136,119 |
| Total liabilities | $0 |
| Net assets or fund balances | $136,119 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Niantic Bay Sailing Academy has recieved totaling $10,300.
| Awarding Organization | Amount |
|---|---|
Im Gardiner Family Foundation Inc 209-161001152446 Dallas, TX PURPOSE: SUPPORT EDUCATIONAL YOUTH | $5,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: STEM, MARINE SCIENCE & ENVIRONMENTAL CURRICULUM EXPANSION FOR YOUTH PROGRAM | $5,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
Saltaire Yacht Club Inc Franklin Square, NY | $2,486,867 | $986,689 |