Sail Salem Inc
- Assets
- $181.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, MA
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-8157746
Organization Overview
Sail Salem Inc is located in Salem, MA. The organization was established in 2007. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, 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. Sail Salem 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, Sail Salem Inc generated $130.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $127.6k during the year ending 12/2022. While expenses have increased by 2.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SAILING INSTRUCTION TO ADULTS AND CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Macleod Vice President | 2 | $0 | |
Paul Mclaughlin Treasurer | 2 | $0 | |
Anne Marie Veenland-Lee President | 2 | $0 | |
Patricia Connolly-Atkins Secretary | 2 | $0 | |
Carol Arnold Director | 2 | $0 | |
Forbes Barber Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,471 |
| Total Program Service Revenue | $66,812 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,000 |
| Total Revenue | $130,283 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,878 |
| Professional fees and other payments to independent contractors | $3,189 |
| Occupancy, rent, utilities, and maintenance | $13,047 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $58,483 |
| Total expenses | $127,597 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,026 |
| Other assets | $0 |
| Total assets | $181,120 |
| Total liabilities | $250 |
| Net assets or fund balances | $180,870 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sail Salem Inc has recieved totaling $5,078.
| Awarding Organization | Amount |
|---|---|
Boston Marine Society Boston, MA PURPOSE: EXPAND STUDENT REACH PROGRAM | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Side House Inc Bronx, NY | $42,784,414 | $25,630,486 |
Asphalt Green Inc New York, NY | $39,826,452 | $15,850,846 |
Edith And Carl Marks Jewish Community House Of Bensonhurst Inc Brooklyn, NY | $17,259,322 | $10,181,997 |
Springfield Jewish Community Center Inc Springfield, MA | $15,393,582 | $6,006,732 |
Mosholu-Montefiore Community Center Inc Bronx, NY | $20,931,089 | $6,817,607 |
Italian Center Of Stamford Inc Stamford, CT | $7,452,060 | $3,304,149 |
Hale Education Inc Westwood, MA | $13,658,620 | $6,417,685 |
Community Center Of Northern Westchester Inc Katonah, NY | $3,328,800 | $5,498,991 |
Albany Jewish Community Center Albany, NY | $6,414,404 | $4,335,273 |
Mercy Center Inc Bronx, NY | $6,137,597 | $3,436,998 |
Martin Luther King Community Center Incorporated Newport, RI | $14,330,533 | $11,301,540 |
Berkshire South Regional Community Great Barrington, MA | $6,361,142 | $3,407,835 |