Christee Oyster Sloop Preservation Corporation
- Assets
- $115.3k
- Revenue
- $227.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Oyster Bay, NY
- Founding
- 12/1994
- Data as of
- 12/2022
- EIN
- 11-3146648
Organization Overview
Christee Oyster Sloop Preservation Corporation is located in Oyster Bay, NY. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christee Oyster Sloop Preservation Corporation 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, Christee Oyster Sloop Preservation Corporation generated $227.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $239.0k during the year ending 12/2022. While expenses have increased by 21.5% 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
EDUCATIONAL; HISTORIC BOAT RESTORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED THE MISSION OF THE ORGANIZATION TO PRESERVE THE TRADITION OF WOODEN BOAT BUILDING IN OYSTER BAY. IN 2022 WE MADE PROGRESS ON CONSTRUCTION OF THE REPLICA OF THE HISTORIC OYSTER DREDGE "IDA MAY" ALTHOUGH PROGRESS WAS SLOWED DUE TO DUE TO THE UNAVAILABILITY OF THE SHIPWRIGHT AND MECHANICAL ENGINEER DURING THE FIRST TWO QUARTERS. WHILE WE HAD HOPED TO LAUNCH IN THE SUMMER, THIS TARGET RIGHTLY HAD TO BE CHANGED TO LAUNCH AFTER THE WINTER. DESPITE THE DELAYS, GOOD PROGRESS WAS MADE IN THE SECOND HALF OF THE YEAR. THE MAST AND BOOM WERE COMPLETED, THE ENGINE INSTALLED, MECHANICAL SYSTEM INSTALLATION WAS STARTED AND THE FRAMES WERE FAIRED AND READY FOR PLANKING. THE VESSEL WAS APPROXIMATELY 97% COMPLETE AS OF YEAR-END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Lindsay Jr President | Trustee | 1 | $0 |
John T Hoyt Jr Secretary & Dir | Trustee | 3 | $0 |
Bruce L Levinson Treas & Dir | Trustee | 3 | $0 |
Dagmar Fors Karppi Director | Trustee | 1 | $0 |
Gregory Druhak Director | Trustee | 1 | $0 |
William L Shephard Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joshua A Herman Llc Shipwright | 12/30/22 | $129,346 |
Whitworth Marine Services Llc Mechanical Engineer | 12/30/22 | $33,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,357 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,368 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $168,503 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,273 |
| 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 | $0 |
| Insurance | $5,601 |
| All other expenses | $854 |
| Total functional expenses | $239,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,332 |
| Savings and temporary cash investments | $9,987 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $115,319 |
| Accounts payable and accrued expenses | $555 |
| 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 | $555 |
| Net assets without donor restrictions | $114,764 |
| 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 | $115,319 |