Davis Island Youth Sailing Foundation Inc
- Assets
- $423.1k
- Revenue
- $365.9k
- Investments
- $0.0
- Employees
- 13
- Location
- Tampa, FL
- Founding
- 09/1990
- Data as of
- 04/2023
- EIN
- 59-3004295
Organization Overview
Davis Island Youth Sailing Foundation Inc is located in Tampa, FL. The organization was established in 1990. 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 04/2023, Davis Island Youth Sailing Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davis Island Youth Sailing Foundation Inc 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 04/2023, Davis Island Youth Sailing Foundation Inc generated $365.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $352.9k during the year ending 04/2023. While expenses have increased by 5.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE YOUTH WITH THE OPPORTUNITY TO SAIL, THROUGH CAMPS HELD DURINGTHE SUMMER AND SPRING SCHOOL BREAKS. TO FURTHER PROVIDE YOUTH WITH THEOPPORTUNITY TO SAIL YEAR-ROUND THROUGH PARTICIPATION IN REGATTAS ANDTHROUGH YEAR LONG COACHING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY PROMOTES THE SPORT OF SAILING AMONG YOUTH IN THE TAMPA BAY AREA IN A SAFE LEARNING ENVIRONMENT BY PROVIDING SAILING LESSONS, SPONSORING SUMMER SAILING CAMPS, AND SPONSORING AMATEUR REGATTAS. THESE PROGRAMS ENCOURAGE YOUTH TO EXHIBIT INDEPENDENCE, SELF-RELIANCE, AND GOOD CHARACTER. OUR PROGRAMS PROVIDE AN OUTDOOR, ON THE WATER LEARNING EXPERIENCE WITH OTHER YOUNG PEOPLE, THAT MAKES EACH PERSON THE "CAPTAIN OF HIS/HER OWN SHIP AND IS ONE OF THE MOST ENJOYABLE WAYS TO ACCOMPLISH THIS GOAL. THERE WERE OVER 225 LOCAL YOUTH THAT PARTICIPATED DURING THE YEAR ENDED APRIL 30, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Clark President | OfficerTrustee | 0 | $0 |
Kurt Lovell Vice President | OfficerTrustee | 0 | $0 |
Tracey Milvain Vice President | OfficerTrustee | 0 | $0 |
Allene Myers Treasurer | OfficerTrustee | 0 | $0 |
John Mullinax Secretary | OfficerTrustee | 0 | $0 |
Marcus Conrad Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $103,132 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,642 |
| Total Program Service Revenue | $249,537 |
| Investment income | $120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $186,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,840 |
| Advertising and promotion | $0 |
| Office expenses | $14,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,873 |
| Interest | $569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,963 |
| Insurance | $0 |
| All other expenses | $31,093 |
| Total functional expenses | $352,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $186,003 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $423,135 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $143,262 |
| 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 | $0 |
| Other liabilities | $23,426 |
| Total liabilities | $166,688 |
| Net assets without donor restrictions | $90,827 |
| Net assets with donor restrictions | $165,620 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $423,135 |