Sailing Club Of The Chesapeake Inc
- Assets
- $57.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 01/1993
- Data as of
- 12/2023
- EIN
- 52-1781473
Organization Overview
Sailing Club Of The Chesapeake Inc is located in Annapolis, MD. The organization was established in 1993. 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. Sailing Club Of The Chesapeake Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Sailing Club Of The Chesapeake Inc generated $118.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 70.4% each year . All expenses for the organization totaled $100.5k during the year ending 12/2023. While expenses have increased by 47.4% 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
THE SAILING CLUB SPONSORS FOUR MAJOR CRUISES IN THE CHESAPEAKE BAY, ALONG WITH SOCIAL EVENTS SUCH AS PICNICS AND DINNERS. THE CLUB ALSO OPERATES AND MANAGES SEVERAL MAJOR SAIL RACING REGATTAS IN THE BAY, INCLUDING THE ANNUAL HOSPICE CUP WHICH GENERATES SUBSTANTIAL REVENUES FOR THE HOSPICE CUP ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Martien Commodore | 8 | $0 | |
Jonas Lodge Vice Commodore | 4 | $0 | |
Arthur A Libby Rear Commodore | 3 | $0 | |
Andrew Mutch Fleet Captain | 2 | $0 | |
John Murray Secretary | 4 | $0 | |
Philip A Fleming Jr Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $350 |
| Total Program Service Revenue | $86,622 |
| Membership dues | $31,668 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $118,915 |
| 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 | $79,816 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,699 |
| Other expenses | $16,986 |
| Total expenses | $100,501 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,767 |
| Other assets | $0 |
| Total assets | $57,874 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,874 |