United States Power Squadrons
- Assets
- $1.3m
- Revenue
- $40.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Cape Coral, FL
- Founding
- 06/1965
- Data as of
- 02/2024
- EIN
- 59-6166198
Organization Overview
United States Power Squadrons, operating under the name Cape Coral Sail and Power Squadron, is located in Cape Coral, FL. The organization was established in 1965. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Cape Coral Sail and Power Squadron 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 02/2024, Cape Coral Sail and Power Squadron generated $40.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $36.8k during the year ending 02/2024. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CLASSES AND TRAINING ON BOATING SAFETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CLASSES ON BOATING SAFETY PROCEDURES, ON THE WATER TRAINING, BOATING MATERIALS, CHARTS AND REFERENCE MATERIALS
SEE SCHEDULE O, ALL OTHER EXPENSES IN SUPPORT OF ORGANIZATION AND FACILITY USED TO PROVIDE PROGRAM SERVICES
WORK WITH THE DEPARTMENT OF COMMERCE, NOS, AND NOAA ORGANIZATIONS TO UPDATE AIDS TO THEIR NAUTICAL CHARTS, AND AIDS TO NAVIGATION THROUGH THE CO-OP CHARTING PROGRAM
PROVIDE NO-COST VESSEL SAFETY EXAMINATIONS IN ASSOCIATION WITH USCGA PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Mcgrath Treasurer | Officer | 20 | $0 |
John Swift Executive Officer | Officer | 20 | $0 |
Leslie Corte-Real Secretary | Officer | 10 | $0 |
Scott Steele Commander | Officer | 20 | $0 |
Neil Pignatano Education Officer | Officer | 15 | $0 |
Jeff Maddy Administrative Officer | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,834 |
| Fundraising events | $4,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,584 |
| Total Program Service Revenue | $10,374 |
| Investment income | $7,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,343 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,298 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,711 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,545 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $7,259 |
| Total functional expenses | $36,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,533 |
| Savings and temporary cash investments | $175,971 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,730 |
| 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 | $1,036,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,251,734 |
| Accounts payable and accrued expenses | $12,581 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $12,581 |
| 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 | $156,421 |
| Retained earnings, endowment, accumulated income, or other funds | $1,082,732 |
| Total liabilities and net assets/fund balances | $1,251,734 |