Community Sailing New Orleans Inc
- Assets
- $3.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 17
- Location
- New Orleans, LA
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 27-3832411
Organization Overview
Community Sailing New Orleans Inc is located in New Orleans, LA. The organization was established in 2011. 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 12/2022, Community Sailing New Orleans Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Sailing New Orleans 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 12/2021, Community Sailing New Orleans Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $502.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ADVANCEMENT OF SAILING FOR ALL BY MINIMIZING ECONOMIC AND PHYSICAL OBSTACLES TO SAILING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING PROGRAMS - AGES 10 THROUGH 18. THIS PROGRAM WILL PROVIDE SAILING AND SAFE BOATING EDUCATION TO CHILDREN FROM THE ORLEANS PARISH SCHOOL SYSTEMS, PARTICULARLY FROM A PRIMARY TARGET AUDIENCE, WHICH IS TITLE 1 SCHOOLS, WHERE A MINIMUM OF 85 PERCENT OF THE STUDENTS ARE IN FAMILIES THAT LIVE BELOW THE POVERTY LINE. THIS PROGRAM ALSO WILL REACH OUT TO FURNISH SAILING AND SAFE BOATING EDUCATION TO CHILDREN ENGAGED IN RECREATIONAL DEPARTMENT,PARTICULARLY WITH REGARD TO SUMMER PROGRAMS. THIS PROGRAM WILL PROVIDE SAILING AND SAFE BOATING EDUCATION TO CHILDREN WHO SIGN UP FOR SUCH OR WHO COME TO THE PROGRAM BY VIRTUE OF MEMBERSHIP (OPEN TO THE PUBLIC AT LARGE).
ADULT PROGRAMS - PROGRAMS DESIGNED TO PROVIDE SAILING INSTRUCTION AND EDUCATION TO LOCAL ADULTS.
HIGH SCHOOL AND COLLEGIATE PROGRAMS PROVIDE A HOME BASE FOR LOCAL COLLEGE AND HIGH SCHOOL SAILING PROGRAMS FOR PRACTICE, EDUCATION AND COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Kottler Board Member | Trustee | 0 | $0 |
Susan Granger Board Member | Trustee | 0 | $0 |
Catherine Freeman Board Member | Trustee | 0 | $0 |
Guy Brierre Board Member | Trustee | 0 | $0 |
Warner Tureaud Board Member | Trustee | 0 | $0 |
Kim Boyle Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,422 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $932,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $944,172 |
| Total Program Service Revenue | $102,074 |
| Investment income | $1,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,072,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $41,576 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,432 |
| Advertising and promotion | $2,193 |
| Office expenses | $14,427 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,850 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,919 |
| Insurance | $46,825 |
| All other expenses | $0 |
| Total functional expenses | $502,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $942,656 |
| Pledges and grants receivable | $74,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $822 |
| Prepaid expenses and deferred charges | $27,071 |
| Net Land, buildings, and equipment | $2,004,787 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,341 |
| Total assets | $3,056,677 |
| Accounts payable and accrued expenses | $16,462 |
| Grants payable | $0 |
| Deferred revenue | $51,883 |
| 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 | $307,115 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $375,460 |
| Net assets without donor restrictions | $2,570,103 |
| Net assets with donor restrictions | $111,114 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,056,677 |