Conanicut Island Sailing Foundation
- Assets
- $879.6k
- Revenue
- $599.6k
- Investments
- $0.0
- Employees
- 15
- Location
- Jamestown, RI
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 05-0513580
Organization Overview
Conanicut Island Sailing Foundation is located in Jamestown, RI. The organization was established in 2001. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2022, Conanicut Island Sailing Foundation employed 15 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 12/2022, Conanicut Island Sailing Foundation generated $599.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $441.7k during the year ending 12/2022. While expenses have increased by 17.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH BOATING AND EDUCATION, CISF INSPIRES AND ENGAGES PEOPLE OF ALL AGES, BACKGROUNDS AND ABILITIES WITH THE MARINE ENVIRONMENT.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Swett President | OfficerTrustee | 3 | $0 |
Mike Marshall Vice-Preside | OfficerTrustee | 3 | $0 |
Susie Matthews Secretary | OfficerTrustee | 3 | $0 |
Tor Holtan Treasurer | OfficerTrustee | 3 | $0 |
Meg Myles Executive Di | OfficerTrustee | 20 | $77,450 |
Jim Bryer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,236 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,892 |
| Noncash contributions included in lines 1a–1f | $68,329 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,128 |
| Total Program Service Revenue | $160,075 |
| Investment income | $8,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,685 |
| Net Gain/Loss on Asset Sales | $13,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $599,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,640 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,450 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,453 |
| Payroll taxes | $18,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,230 |
| Fees for services: Other | $46,736 |
| Advertising and promotion | $6,901 |
| Office expenses | $13,723 |
| Information technology | $4,384 |
| 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 | $19,127 |
| Insurance | $17,273 |
| All other expenses | $19,245 |
| Total functional expenses | $441,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,407 |
| 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 | $500 |
| Net Land, buildings, and equipment | $238,472 |
| Investments—publicly traded securities | $477,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $879,621 |
| 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 | $879,621 |
| 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 | $879,621 |