Edgewood Sailing School
- Assets
- $177.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 12/1977
- Data as of
- 12/2020
- EIN
- 05-0374361
Organization Overview
Edgewood Sailing School is located in Cranston, RI. The organization was established in 1977. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Edgewood 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 12/2020, Edgewood Sailing School generated $113.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $132.1k during the year ending 12/2020. While expenses have increased by 5.6% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
SAFE SAILING INSTRUCTION PROVIDED BY EXPERIENCED INSTRUCTORS TO ADULT AND YOUTH PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Catalano Director | 2 | $0 | |
Donna Fraser Director | 2 | $0 | |
C Lee Director | 2 | $0 | |
Patrice Milos Spalding Director | 2 | $0 | |
James Fraser Director | 2 | $0 | |
Meredith Pearson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,443 |
| Total Program Service Revenue | $113,043 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$23,700 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $335 |
| Total Revenue | $113,121 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,982 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,536 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $58,532 |
| Total expenses | $132,050 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,969 |
| Other assets | $0 |
| Total assets | $177,686 |
| Total liabilities | $14,230 |
| Net assets or fund balances | $163,456 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Edgewood Sailing School has recieved totaling $11,045.
| Awarding Organization | Amount |
|---|---|
Grace K And Wesley S Alpert Charitable Foundation Cranston, RI PURPOSE: SAFETY OF STUDENTS SAILORS | $11,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Sailing Association Inc Bristol, RI | $8,027,126 | $11,092,289 |
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 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |
Nantucket Community Sailing Inc Nantucket, MA | $4,938,871 | $779,029 |
Piers Park Sailing Center Inc East Boston, MA | $910,975 | $1,064,918 |
Pleasant Bay Community Boating Inc North Chatham, MA | $4,919,007 | $1,766,472 |
Cambridge Boat Club Cambridge, MA | $1,664,674 | $711,494 |
Crew Family Foundation Inc Plainville, CT | $603,187 | $731,564 |