Nosa Inc
- Assets
- $152.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 01-0644020
Organization Overview
Nosa Inc is located in Newport Beach, CA. The organization was established in 2004. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Nosa 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 12/2022, Nosa Inc generated $87.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $78.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTION OF OFFSHORE SAILING RACES WITH BROAD PARTICIPATION BY AMETEUR RACERS. THE PARTICIPANTS INCLUDE OVER 300 SAILERS WITH OVER 150 BOATS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Bacon Commodore | 1 | $0 | |
Jo Ann Sedgwick Vice Commodore - Race | 1 | $0 | |
Philip Herzfeld Vice Commodore - Admin | 1 | $0 | |
Bill Gibbs Jr. Staff Commodore | 1 | $0 | |
Peter Bretschger Director | 1 | $0 | |
Bruce Cooper Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,075 |
| Total Program Service Revenue | $68,168 |
| Membership dues | $0 |
| Investment income | $5,271 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,700 |
| Total Revenue | $87,849 |
| 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 | $9,571 |
| Occupancy, rent, utilities, and maintenance | $5,862 |
| Printing, publications, postage, and shipping | $16,317 |
| Other expenses | $46,791 |
| Total expenses | $78,541 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,479 |
| Other assets | $0 |
| Total assets | $152,479 |
| Total liabilities | $0 |
| Net assets or fund balances | $152,479 |