Ocean City Sailing Foundation
- Assets
- $95.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ocean City, NJ
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 26-1075933
Organization Overview
Ocean City Sailing Foundation is located in Ocean City, NJ. The organization was established in 2007. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Ocean City Sailing Foundation 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, Ocean City Sailing Foundation generated $56.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $74.4k during the year ending 12/2023. 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
PROVIDED SAILING LESSONS TO CHILDREN IN THE GREATER OCEAN CITY AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica York President | 1 | $0 | |
Michael Mcguckin Vice Preside | 1 | $0 | |
Eleanor Parker Treasurer | 1 | $0 | |
John Parker Vice Preside | 1 | $0 | |
Dave Banning Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,880 |
| Total Program Service Revenue | $40,471 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,351 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,468 |
| Professional fees and other payments to independent contractors | $1,085 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $317 |
| Other expenses | $39,576 |
| Total expenses | $74,446 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,849 |
| Other assets | $0 |
| Total assets | $95,044 |
| Total liabilities | $0 |
| Net assets or fund balances | $95,044 |