Southern Ocean Racing Conference Inc
- Assets
- $28.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bunnell, FL
- Founding
- Data as of
- 07/2022
- EIN
- 20-0926221
Organization Overview
Southern Ocean Racing Conference Inc is located in Bunnell, FL.
For the year ending 07/2022, Southern Ocean Racing Conference Inc generated $31.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $34.6k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. 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
MANAGEMENT OF FIVE OFFSHORE SAILBOAT RACES (KEY WEST RACE, NASSAU RACE, WIRTH MUNROE RACE, ELEUTHERA RACEAND SAILORS CHOICE RACE)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Ewing Chariman | 5 | $0 | |
Bob Meagher III Vice Chairman | 1 | $0 | |
Isabel Galvan Secretary | 1 | $0 | |
Sennett Duttenhofer Treasurer | 1 | $0 | |
Chris Woolsey Legal Officer | 1 | $0 | |
Jim Bill Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,759 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,759 |
| 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 | $34,584 |
| Total expenses | $34,584 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,855 |
| Other assets | $0 |
| Total assets | $28,855 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,855 |
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