Conanicut Island Sailing Foundation is located in Jamestown, RI. The organization was established in 2001. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Conanicut Island Sailing Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conanicut Island Sailing Foundation 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, Conanicut Island Sailing Foundation generated $552.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $338.9k during the year ending 12/2021. While expenses have increased by 16.3% 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
CISF'S MISSION IS TO INSPIRE AND EMPOWER PEOPLE OF ALL AGES, BACKGROUNDS AND ABILITIES BY ENGAGING THEM WITH THE MARINE ENVIRONMENT OF NARRAGANSETT BAY THROUGH SAILING & EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARINE AND EVIRONMENTAL IN-SCHOOL, HOME SCHOOL, AFTER SCHOOL PROGRAMS: MARINE AND ENVIRONMENTAL EDUCATION PROGRAMS ARE OFFERED IN-SCHOOL AND AFTER SCHOOL THROUGHOUT THE YEAR CONNECTING CHILDREN WITH NATURE AND THE MARINE ENVIRONMENT. SEA ADVENTURE CAMP: CAMPS FOCUS ON INTRODUCING MARINE AND ENVIRONMENTAL EDUCATION COUPLED WITH SAILING. DAYS ARE MIXED TO BLEND SAILING AND LEARNING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Meg Myles Executive Di | Officer | 20 | $50,000 |
Hannah Swett President | OfficerTrustee | 3 | $0 |
Susie Matthews Secretary | OfficerTrustee | 3 | $0 |
Mike Marshall Vice-Preside | OfficerTrustee | 3 | $0 |
Tor Holtan Treasurer | OfficerTrustee | 3 | $0 |
Jim Bryer Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $76,286 |
All other contributions, gifts, grants, and similar amounts not included above | $300,011 |
Noncash contributions included in lines 1a–1f | $70,043 |
Total Revenue from Contributions, Gifts, Grants & Similar | $376,297 |
Total Program Service Revenue | $146,810 |
Investment income | $6,346 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $2,500 |
Net Gain/Loss on Asset Sales | $19,415 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $552,063 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $11,600 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $50,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $134,457 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $13,228 |
Payroll taxes | $24,004 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,914 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,173 |
Fees for services: Other | $24,403 |
Advertising and promotion | $6,417 |
Office expenses | $8,183 |
Information technology | $2,162 |
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 | $13,692 |
Insurance | $10,080 |
All other expenses | $8,646 |
Total functional expenses | $338,851 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $107,004 |
Savings and temporary cash investments | $0 |
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 | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $199,713 |
Investments—publicly traded securities | $537,486 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $844,203 |
Accounts payable and accrued expenses | $1,100 |
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 | $1,100 |
Net assets without donor restrictions | $843,103 |
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 | $844,203 |
Over the last fiscal year, we have identified 4 grants that Conanicut Island Sailing Foundation has recieved totaling $30,163.
Awarding Organization | Amount |
---|---|
Gregory Foundation Tr Boston, MA PURPOSE: CHARITABLE CONTRIBUTION | $15,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL SUPPORT | $10,000 |
West Bay View Foundation St Louis, MO PURPOSE: EDUCATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $163 |
Organization Name | Assets | Revenue |
---|---|---|
America East Boston, MA | $5,719,263 | $6,183,979 |
Hayden Synchronized Skating Teams Inc Woburn, MA | $867,521 | $1,759,773 |
Connecticut State Golf Association Inc Rocky Hill, CT | $2,099,281 | $1,823,029 |
Connecticut Sports Management Group Inc Middletown, CT | $277,268 | $757,611 |
New England Amateur Skating Foundation Inc Providence, RI | $687,588 | $557,183 |
The Riverside Boat Club Of Cambridge Cambridge, MA | $2,915,123 | $606,845 |
Usa Swimming Inc Needham, MA | $805,553 | $473,292 |
Conanicut Island Sailing Foundation Jamestown, RI | $844,203 | $552,063 |
New England Womens And Men Athletic Conference Westwood, MA | $368,185 | $471,107 |
Amateur Athletic Union Of The United States Inc Hamilton, MA | $48,586 | $343,906 |
Massachusetts State Track Coaches Association Incorporated Canton, MA | $252,131 | $215,638 |
Run To Remember 1st Responders Inc Boston, MA | $189,053 | $421,360 |