Niantic Bay Sailing Academy
- Assets
- $129.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Niantic, CT
- Founding
- 09/2014
- Data as of
- 12/2022
- 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 12/2022, Niantic Bay Sailing Academy generated $96.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $103.4k during the year ending 12/2022. While expenses have increased by 12.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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 | 4 | $0 | |
Harlan Fredericksen Vice President | 2 | $0 | |
Bill Healy Vice President | 2 | $0 | |
Jim Miller Treasurer | 2 | $0 | |
Jacque Shluger Secretary | 3 | $0 | |
Ryan Brothers Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,796 |
| Total Program Service Revenue | $58,064 |
| Membership dues | $0 |
| Investment income | $81 |
| Gain or Loss | -$137 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,804 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,042 |
| Professional fees and other payments to independent contractors | $1,278 |
| Occupancy, rent, utilities, and maintenance | $336 |
| Printing, publications, postage, and shipping | $1,078 |
| Other expenses | $46,680 |
| Total expenses | $103,414 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,581 |
| Other assets | $0 |
| Total assets | $129,509 |
| Total liabilities | $0 |
| Net assets or fund balances | $129,509 |