New Castle Sailing Club
- Assets
- $273.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Castle, DE
- Founding
- 10/1996
- Data as of
- 10/2023
- EIN
- 51-0370822
Organization Overview
New Castle Sailing Club is located in New Castle, DE. The organization was established in 1996. 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. New Castle Sailing Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, New Castle Sailing Club generated $62.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $48.8k during the year ending 10/2023. 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
SAILING RECREATION FOR CLUB MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Fontana Commodore | 5 | $0 | |
Clay Greer Treasurer | 8 | $0 | |
Michael Berninger Fleet Captain | 5 | $0 | |
Diana Dimattia Secretary | 5 | $0 | |
Patrick Dowling Safety & Instruction Director | 5 | $0 | |
Stephanie Kowalski Membership Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $60,427 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,218 |
| Other Revenue | $0 |
| Total Revenue | $62,652 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $10,059 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,714 |
| Total expenses | $48,773 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,676 |
| Other assets | $0 |
| Total assets | $273,551 |
| Total liabilities | $0 |
| Net assets or fund balances | $273,551 |