Newport-Balboa Sailing And Seamanship Association
- Assets
- $52.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 05/1998
- Data as of
- 06/2022
- EIN
- 33-0765896
Organization Overview
Newport-Balboa Sailing And Seamanship Association is located in Newport Beach, CA. The organization was established in 1998. 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. Newport-Balboa Sailing And Seamanship Association 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 06/2022, Newport-Balboa Sailing And Seamanship Association generated $70.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $87.1k during the year ending 06/2022. 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
PROVIDE INSTRUCTIONS IN SAILING & SEAMANSHIP. PROMOTE SAILING ACTIVITIES & THE CORINTHIAN SPRIT AMONG THE YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradford Wheeler Secretary/director | 0.2 | $0 | |
Ben Benjamin Director | 0.1 | $0 | |
Larry Law President/director | 0.5 | $0 | |
Jay Glasser Director | 0.1 | $0 | |
Greg Newman Director | 0.1 | $0 | |
James Patterson Vice President/director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,868 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $14,295 |
| Total Revenue | $70,163 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,500 |
| Occupancy, rent, utilities, and maintenance | $21,299 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,261 |
| Total expenses | $87,060 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,025 |
| Other assets | $0 |
| Total assets | $52,391 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,391 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newport-Balboa Sailing And Seamanship Association has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Croul Family Foundation Irvine, CA PURPOSE: PROGRAM SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |
Norcal Crew Redwood City, CA | $638,465 | $1,778,430 |
Davis Aquadarts Inc Davis, CA | $620,913 | $1,485,157 |