Conanicut Island Sailing Foundation
- Assets
- $844.2k
- Revenue
- $552.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Jamestown, RI
- Founding
- 06/2001
- Data as of
- 12/2021
- 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 (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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meg Myles Executive Di | Officer | 20 | $50,000 |
Hannah Swett President | OfficerTrustee | 3 | $0 |
Mike Marshall Vice-Preside | OfficerTrustee | 3 | $0 |
Tor Holtan Treasurer | OfficerTrustee | 3 | $0 |
Susie Matthews Secretary | OfficerTrustee | 3 | $0 |
Sean Doyle Board Member | Trustee | 1 | $0 |
Financial Statements
| 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 |
Grants Recieved
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 |
Peer Organizations
| 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 |