Corinthian Sailing Foundation Inc
- Assets
- $50.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 20-0597028
Organization Overview
Corinthian Sailing Foundation Inc is located in Marblehead, MA. The organization was established in 2004. According to its NTEE Classification (N80) the organization is classified as: Professional Athletic Leagues, 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. Corinthian Sailing Foundation Inc 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, Corinthian Sailing Foundation Inc generated $12.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $26.9k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
GRANTS TO QUALIFIED UNRELATED ORGANIZATIONS PROMOTING SAILING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Donegan President, Director | 1 | $0 | |
Patrick Donegan Treasurer, Director | 0 | $0 | |
Lisa Smith Sectretary, Director | 1 | $0 | |
James H Taylor Director | 0 | $0 | |
Patrick Donegan Director | 0 | $0 | |
Jim Raisides Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,902 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $117 |
| Total Revenue | $12,019 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $88 |
| Total expenses | $26,888 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,097 |
| Other assets | $0 |
| Total assets | $50,097 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,097 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Mets Foundation Inc Flushing, NY | $0 | $41,867 |
National Intercollegiate Lacrosse Officials Assn Inc Topsfield, MA | $37,201 | $0 |
Usa Hockey Inc Concord, NH | $172,503 | $98,037 |
Pop Warner Little Scholars Inc New Fairfield, CT | $1,530 | $0 |
Colchester Youth Basketball League Inc Colchester, CT | $50,789 | $0 |
Granite State Kids Community Tennis Association Bedford, NH | $31,576 | $0 |
Warwick Youth Lacrosse Club Inc Warwick, NY | $15,543 | $0 |
Corinthian Sailing Foundation Inc Marblehead, MA | $50,097 | $0 |
Nwhl Foundation Inc Brooklyn, NY | $5,838 | $0 |