Sarasota Sailing Squadron Inc
- Assets
- $2.1m
- Revenue
- $790.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Sarasota, FL
- Founding
- 11/1979
- Data as of
- 12/2021
- EIN
- 59-1943529
Organization Overview
Sarasota Sailing Squadron Inc is located in Sarasota, FL. The organization was established in 1979. 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. As of 12/2021, Sarasota Sailing Squadron Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota Sailing Squadron Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Sarasota Sailing Squadron Inc generated $790.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $726.6k during the year ending 12/2021. While expenses have increased by 5.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CLUB FACILITES, SAILING INSTRUCTION, BOAT STORAGE, LAUNCH ACCESS AND RAMPS/HOISTS FOR APPROXIMATELY 747 FAMILY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CLUB SERVICES, BOAT STORAGE AND RAMP ACCESS FOR APPROXIMATELY 747 FAMILY MEMBERSHIPS.
HOSTED 10 SCHEDULED REGATTAS WITH 400 PARTICIPANTS AND 13 INVITATIONALS WITH 1200 SAILORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosemary Mcmullen Secretary | OfficerTrustee | 5 | $0 |
Ingrid Summers Rear Commodore | OfficerTrustee | 5 | $0 |
Judy Hodgson Commodore | OfficerTrustee | 5 | $0 |
Brad West Vice Commodore | OfficerTrustee | 5 | $0 |
Mark Fishman Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $231,572 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,913 |
| Total Program Service Revenue | $525,383 |
| Investment income | $470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,356 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $790,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,600 |
| Fees for services: Management | $2,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,881 |
| Advertising and promotion | $116 |
| Office expenses | $9,879 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,284 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,094 |
| Insurance | $75,041 |
| All other expenses | $8,181 |
| Total functional expenses | $726,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,747 |
| Savings and temporary cash investments | $191,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,957 |
| Prepaid expenses and deferred charges | $20,856 |
| Net Land, buildings, and equipment | $1,721,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,800 |
| Total assets | $2,108,235 |
| Accounts payable and accrued expenses | $23,744 |
| Grants payable | $0 |
| Deferred revenue | $9,730 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $16,295 |
| Other liabilities | $8,093 |
| Total liabilities | $57,862 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,050,373 |
| Total liabilities and net assets/fund balances | $2,108,235 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sarasota Sailing Squadron Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Sarasota Convention And Visitors Bureau Sarasota, FL PURPOSE: SPONSORSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Square Foundation Ocala, FL | $124,141,413 | $8,724,488 |
United States Masters Swimming Inc Sarasota, FL | $7,327,632 | $3,454,621 |
Usa Water Ski & Wake Sports Inc Auburndale, FL | $1,442,821 | $1,825,367 |
Usa Swimming Inc Minneola, FL | $982,345 | $1,492,508 |
Sarasota Crew Inc Osprey, FL | $3,089,613 | $2,511,291 |
Water Sports Foundation Inc Orlando, FL | $355,212 | $1,138,831 |
Huntsville Swim Association Huntsville, AL | $601,008 | $1,169,266 |
Sarasota Sharks Incorporated Sarasota, FL | $1,254,329 | $1,187,905 |
Athens Bulldog Swim Club Inc Hull, GA | $405,540 | $725,242 |
Palm Beach Sailing Club Inc West Palm Beach, FL | $1,088,323 | $782,714 |
Coconut Grove Sailing Club Instructional Center Inc Miami, FL | $284,549 | $710,117 |
Sarasota Sailing Squadron Inc Sarasota, FL | $2,108,235 | $790,673 |