West End Racing Childrens Community Sailing Inc
- Assets
- $291.8k
- Revenue
- $37.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Provincetown, MA
- Founding
- 02/1957
- Data as of
- 12/2021
- EIN
- 04-6064566
Organization Overview
West End Racing Childrens Community Sailing Inc, operating under the name Werccsinc, is located in Provincetown, MA. The organization was established in 1957. 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 12/2021, Werccsinc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Werccsinc 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, Werccsinc generated $37.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $47.7k during the year ending 12/2021. 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 CORPORATION SHALL BE TO PROVIDE LOW-COST, AFFORDABLE INSTRUCTION IN SAILING AND SAILBOAT RACING IN A SAFE AND FUN ENVIRONMENT TO ALL CHILDREN OF QUALIFYING AGE WHO DESIRE TO PARTICIPATE IN THE TOWNS OF PROVINCETOWN AND TRURO MASSACHUSETTS AND TO FOSTER IN YOUNG SAILORS AN APPRECIATION OF THE TOWN'S SAILING HERITAGE AND MARINE ENVIRONMENT AND A DESIRE TO BECOME RESPONSIBLE AND CARING ADULT MEMBERS OF THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LOW COST AFFORDABLE INSTRUCTION IN SAILING AND SAILBOAT RACING IN A SAFE AND FUN ENVIRONMENT TO ALL CHILDREN OF QUALIFYING AGE WHO DESIRE TO PARTICIPATE IN THE TOWNS OF PROVINCETOWN & TRURO AND FOSTERED IN YOUNG SAILORS AN APPRTECIATION OF THE TOWNS SAILING HERITAGE AND MARINE ENVIRONMENT AND BECOME RESPOSIBLE AND CARING ADULT MEMBERS OF THEIR COMMUNITIES
EXPENSES ARE ASSOCIATED WITH THE ORGANIZATION'S ABILITY TO CONDUCT THE EXEMPT PURPOSE AND MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur J Santos President | OfficerTrustee | $0 | |
Dorothea Santos Treasurer | OfficerTrustee | $0 | |
Candice Collins-Boden Director | Trustee | $0 | |
Susan H Areson Director | Trustee | $0 | |
Aaron Kacergis Director | Trustee | $0 | |
Leonard E Enos III Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,022 |
| Total Program Service Revenue | $7,900 |
| Investment income | $1,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,814 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,044 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,613 |
| 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. | $9,308 |
| Compensation of current officers, directors, key employees. | $9,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,658 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,267 |
| 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 | $14,009 |
| Advertising and promotion | $0 |
| Office expenses | $3,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,264 |
| Insurance | $4,957 |
| All other expenses | $0 |
| Total functional expenses | $47,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $128,278 |
| 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 | $1,006 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $92,899 |
| Investments—publicly traded securities | $69,650 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $291,833 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $291,833 |
| 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 | $291,833 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that West End Racing Childrens Community Sailing Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,500 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
Saltaire Yacht Club Inc Franklin Square, NY | $2,486,867 | $986,689 |