Potapskut Sailing Association Inc
- Assets
- $153.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, MD
- Founding
- 04/1949
- Data as of
- 12/2022
- EIN
- 52-6009569
Organization Overview
Potapskut Sailing Association Inc is located in Pasadena, MD. The organization was established in 1949. 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. Potapskut Sailing Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Potapskut Sailing Association Inc generated $119.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $113.4k during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Marshall Duer Commodore | 5 | $0 | |
Michael Wingate Vice Commodore | 4 | $0 | |
Jason Wakeman Fleet Captain | 4 | $0 | |
Tim Ford Rear Commodore | 4 | $0 | |
Patrick Bobbitt Treasurer | 4 | $0 | |
Adam Stevenson Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $41,595 |
| Membership dues | $47,650 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $30,483 |
| Total Revenue | $119,760 |
| 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 | $51,015 |
| Printing, publications, postage, and shipping | $1,036 |
| Other expenses | $61,300 |
| Total expenses | $113,351 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $149,662 |
| Other assets | $0 |
| Total assets | $153,726 |
| Total liabilities | $0 |
| Net assets or fund balances | $153,726 |