Sail Salem Inc
- Assets
- $212.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, MA
- Founding
- 03/2007
- Data as of
- 12/2023
- 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 12/2023, Sail Salem Inc generated $159.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $127.7k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 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
2023
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 |
|---|---|---|---|
Paul Mclaughlin President | 2 | $0 | |
Patty Macleod Vice President | 2 | $0 | |
Anne Marie Veenland-Lee Treasurer | 2 | $0 | |
Patricia Connolly-Atkins Secretary | 2 | $0 | |
Carol Arnold Director | 2 | $0 | |
Fred Atkins Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,692 |
| Total Program Service Revenue | $75,351 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,162 |
| Total Revenue | $159,205 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,686 |
| Professional fees and other payments to independent contractors | $1,866 |
| Occupancy, rent, utilities, and maintenance | $23,034 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $56,102 |
| Total expenses | $127,688 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $131,364 |
| Other assets | $0 |
| Total assets | $212,387 |
| Total liabilities | $0 |
| Net assets or fund balances | $212,387 |