Northeast Harbor Sailing School
- Assets
- $954.7k
- Revenue
- $474.3k
- Investments
- $0.0
- Employees
- 25
- Location
- Northeast Harbor, ME
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 01-0535123
Organization Overview
Northeast Harbor Sailing School is located in Northeast Harbor, ME. The organization was established in 2001. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Northeast Harbor Sailing School employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Harbor Sailing School 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 12/2021, Northeast Harbor Sailing School generated $474.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $317.7k during the year ending 12/2021. While expenses have increased by 6.1% 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
THE PURPOSE OF THE NORTHEAST HARBOR SAILING SCHOOL IS TO TEACH THE AMATEUR SPORT OF SAILING. THE SAILING INSTRUCTION TAKES PLACE ON THE OCEAN OFF NORTHEAST HARBOR, ME DURING THE SUMMER SAILING SEASON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAILING INSTRUCTION ON THE OCEAN OFF NORTHEAST HARBOR, ME DURING THE SUMMER SAILING SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Madara President | OfficerTrustee | 2 | $0 |
Kaighn Smith Clerk | OfficerTrustee | 1 | $0 |
Kelley Trammell Vice Preside | OfficerTrustee | 2 | $0 |
John Roberts Fleet Treasu | Officer | 1 | $0 |
Tom Brown Director | Trustee | 1 | $0 |
Malinda Crain Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,874 |
| Noncash contributions included in lines 1a–1f | $77,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,074 |
| Total Program Service Revenue | $161,338 |
| Investment income | $2,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,752 |
| Net Income from Fundraising Events | -$3,208 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,819 |
| 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 | $132,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,678 |
| Payroll taxes | $10,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,163 |
| Fees for services: Accounting | $7,029 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,286 |
| Advertising and promotion | $0 |
| Office expenses | $3,031 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,019 |
| 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 | $55,129 |
| Insurance | $10,323 |
| All other expenses | $0 |
| Total functional expenses | $317,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $220 |
| 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 | $363,651 |
| Investments—publicly traded securities | $230,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,439 |
| Total assets | $954,691 |
| Accounts payable and accrued expenses | $59,573 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $74,573 |
| Net assets without donor restrictions | $880,118 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $954,691 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Northeast Harbor Sailing School has recieved totaling $21,601.
| Awarding Organization | Amount |
|---|---|
Nautilus Foundation Inc Palm Beach, FL PURPOSE: TO FURTHER THE PURPOSE OF THE DONEE ORGANIZATION | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $8,101 |
Florence V Burden Foundation New York, NY PURPOSE: RECREATION | $2,500 |
Colket Family Foundation Newtown Square, PA PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Harbor Sailing School Northeast Harbor, ME | $954,691 | $474,287 |
Eastern Trail Alliance Saco, ME | $502,436 | $259,917 |
Friends Of Conway Recreation Inc Center Conway, NH | $109,413 | $182,457 |
Friends Of Stark Park Inc Manchester, NH | $22,332 | $0 |
Bonny Eagle Football Boosters Inc Standish, ME | $56,766 | $0 |
Hollis Brookline Athletic Booster Club Inc Hollis, NH | $84,072 | $0 |
Massabesic Athletic Boosters Inc Waterboro, ME | $280,124 | $23,645 |
Gymnastics Village Boys Booster Club Amherst, NH | $16,700 | $0 |
Friends Of T E I A Westbrook, ME | $73,752 | $0 |
Chrhs Ice Hockey Booster Club Rockport, ME | $48,183 | $0 |
Mildred B Morton Com Ctr Tr Fnd Bedford, NH | $259,418 | $19,229 |
Friends Of Hockey For Goffstown High Goffstown, NH | $27,418 | $29,215 |