Hudson River Community Sailing Inc
- Assets
- $2.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 51
- Location
- New York, NY
- Founding
- 04/2008
- Data as of
- 11/2020
- EIN
- 26-1784215
Organization Overview
Hudson River Community Sailing Inc is located in New York, NY. The organization was established in 2008. 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. As of 11/2020, Hudson River Community Sailing Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson River Community Sailing 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 11/2020, Hudson River Community Sailing Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.5m during the year ending 11/2020. While expenses have increased by 5.3% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP LEADERSHIP IN NYC YOUTH THROUGH SAILING AND PROVIDING MARITIME RECREATION TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAM - OUR CORNERSTONE PROGRAM SAIL ACADEMY, SERVES APPROXIMATELY 200 STUDENTS FROM NINE PUBLIC SCHOOLS AT TWO LOCATIONS. STUDENTS LEARN STEM AND LEADERSHIP THROUGH SAILING AND PREPARE FOR COLLEGE AND CAREERS.MANY STUDENTS BECOME INTERNS WHERE THEY WORK IN A PARTICULAR DEPARTMENT AT HRCS. OTHER YOUTH PROGRAMS INCLUDE YOUTH RACING, CITY SAIL SUMMER CAMP, AND SHORTER STEM AND SAILING PROGRAMS FOR SCHOOLS AND GROUPS THROUGHOUT THE CITY.
ADULT PROGRAM - THE ADULT PROGRAM CONSISTS OF: COMMUNITY SAILING - A FEE-BASED SAILING AND MEMBERSHIP PROGRAM WHICH PROVIDES AFFORDABLE WATERFRONT RECREATION TO NYC THROUGH A US SAILING SANCTIONED COMMUNITY SAILING CENTER. FEES AND DUES FROM THIS PROGRAM ARE USED TO SUBSIDIZE THE COSTS OF THE PROJECTS WHICH ARE PROVIDED TO UNDERSERVED YOUTH AT REDUCED OR NO COST THROUGH THE YOUTH PROGRAM; AND SOLDIERS UNDER SAIL - AN ADAPTIVE SAILING PROGRAM FOR VETERANS DELIVERED IN PARTNERSHIP WITH THE LOCAL VETERAN'S ADMINISTRATION. IN 2021, HRCS LAUNCHED AN ADAPTIVE SAILING PROGRAM FOR YOUTH AND ADULTS WITH PHYSICAL AND DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Burke Executive Director | Officer | 40 | $99,792 |
Lauren Sheridan Chief Financial Officer | Officer | 20 | $2,460 |
Christopher Areson Treasurer | OfficerTrustee | 1 | $0 |
Michael Kurtz Chair | OfficerTrustee | 5 | $0 |
Joe Standart Secretary | OfficerTrustee | 5 | $0 |
Andrea Minkow Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140,906 |
| Investment income | $3,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,301 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,753,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $845,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,919 |
| Payroll taxes | $84,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,560 |
| Advertising and promotion | $0 |
| Office expenses | $32,701 |
| Information technology | $7,536 |
| Royalties | $0 |
| Occupancy | $18,922 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,391 |
| Insurance | $49,117 |
| All other expenses | $0 |
| Total functional expenses | $1,521,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $849,644 |
| Savings and temporary cash investments | $229,631 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $50,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,975,748 |
| Accounts payable and accrued expenses | $82,212 |
| Grants payable | $0 |
| Deferred revenue | $123,120 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $219,689 |
| Total liabilities | $425,021 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,550,727 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Hudson River Community Sailing Inc has recieved totaling $395,625.
| Awarding Organization | Amount |
|---|---|
Pinkerton Foundation New York, NY PURPOSE: AFTER SCHOOL & SUMMER LEARNING | $75,000 |
The Schmidt Family Foundation Palo Alto, CA PURPOSE: OCEAN STEWARDSHIP AND RESEARCH | $50,000 |
Altman Foundation New York, NY PURPOSE: TO EXPAND THE SAIL ACADEMY YOUTH DEVELOPMENT PROGRAM TO FOUR NEW PARTNER SCHOOLS | $50,000 |
Altman Foundation New York, NY PURPOSE: TO EXPAND THE SAIL ACADEMY YOUTH DEVELOPMENT PROGRAM TO FOUR NEW PARTNER SCHOOLS | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $32,085 |
B Robert Williamson Jr Foundation New York, NY PURPOSE: TO FUND EXPANSION OF HRCS PROGRAMS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Junior Tennis League Inc Long Island City, NY | $15,745,055 | $13,403,069 |
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
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 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
South Jersey Aquatic Club Voorhees, NJ | $176,269 | $1,185,963 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |