S A I L S Incorporated
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeville, MA
- Founding
- 10/1996
- Data as of
- 06/2023
- EIN
- 04-3284911
Organization Overview
S A I L S Incorporated is located in Lakeville, MA. The organization was established in 1996. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. S A I L S Incorporated 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 06/2023, S A I L S Incorporated generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 3.3% 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
OUR MISSION IS TO PROVIDE RESOURCE SHARING, DIRECT & EQUAL ACCESS , AND MEET EVERY PATRONS NEEDS, THROUGH COOPERATION, LEADERSHIP & TECHNOLOGY SAILS, INC RUNS AND SUPPORTS THE ENTERPRISE ONLINE INFORMATION AND CIRCULATION SYSTEMS FOR 70 LIBRARIES AND BRANCHES THROUGHOUT 40 COMMUNITIES IN SOUTHEASTERN MASSACHUSETTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES LITERARY AND EDUCATIONAL SERVICES TO THE SURROUNDING COMMUNITIES AND OFFER PC SUPPORT & CONSULTATION, GROUP PURCHASING, STAFF TRAINING AND EMAIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth O'neill Director | Trustee | 10 | $0 |
Jed Phillips Director | Trustee | 10 | $0 |
Catherine Coyne President | OfficerTrustee | 10 | $0 |
Frank Ward Treasurer | Trustee | 10 | $0 |
Carol Buote Director | Trustee | 10 | $0 |
Patrick Marshall Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $353,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,504 |
| Total Program Service Revenue | $1,330,172 |
| Investment income | $35,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $900 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,720,986 |
| 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. | $201,205 |
| Compensation of current officers, directors, key employees. | $60,362 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,112 |
| Payroll taxes | $37,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,542 |
| Advertising and promotion | $0 |
| Office expenses | $6,918 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,013 |
| Travel | $986 |
| 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 | $3,360 |
| Insurance | $6,501 |
| All other expenses | $100,098 |
| Total functional expenses | $1,617,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $647,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,893 |
| 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 | $179,014 |
| Net Land, buildings, and equipment | $9,918 |
| Investments—publicly traded securities | $1,713,776 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $221,466 |
| Total assets | $2,787,773 |
| Accounts payable and accrued expenses | $47,532 |
| Grants payable | $0 |
| Deferred revenue | $20,061 |
| 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 | $220,803 |
| Total liabilities | $288,396 |
| Net assets without donor restrictions | $2,354,119 |
| Net assets with donor restrictions | $145,258 |
| 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 | $2,787,773 |