Ocean City Sailing Foundation
- Assets
- $113.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ocean City, NJ
- Founding
- 12/2007
- Data as of
- 12/2022
- 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 12/2022, Ocean City Sailing Foundation generated $64.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $72.3k 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
PROVIDED SAILING LESSONS TO CHILDREN IN THE GREATER OCEAN CITY AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcguckin Vice Preside | 1 | $0 | |
Jessica York President | 1 | $0 | |
John Parker Vice Preside | 1 | $0 | |
Dave Banning Secretary | 1 | $0 | |
Eleanor Parker Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,251 |
| Total Program Service Revenue | $53,134 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,396 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,627 |
| Professional fees and other payments to independent contractors | $620 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $552 |
| Other expenses | $37,502 |
| Total expenses | $72,301 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,916 |
| Other assets | $0 |
| Total assets | $113,137 |
| Total liabilities | $0 |
| Net assets or fund balances | $113,137 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ocean City Sailing Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
South Jersey Aquatic Club Voorhees, NJ | $176,269 | $1,185,963 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Saltaire Yacht Club Inc Franklin Square, NY | $2,486,867 | $986,689 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |
Nomahegan Swim Club Westfield, NJ | $1,955,204 | $1,200,408 |
Usa Swimming Inc Wall, NJ | $576,031 | $866,958 |
Saratoga Rowing Association Inc Saratoga Springs, NY | $3,374,374 | $735,399 |