Sailing Heals Inc
- Assets
- $70.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, MA
- Founding
- 01/2012
- Data as of
- 12/2023
- EIN
- 45-2859863
Organization Overview
Sailing Heals Inc is located in Salem, MA. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sailing Heals 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 12/2023, Sailing Heals Inc generated $36.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $85.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 years. 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
HEALING DAY SAILS FOR CANCER PATIENTS AND THEIR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Wirth MD President | 2 | $0 | |
Kenneth Adam Treasurer/director | 2 | $0 | |
G Dudley Welch Clerk/director | 1 | $0 | |
Peter Gamage Director | 1 | $0 | |
Pamela O'connor Director | 1 | $0 | |
Brenda Lormil Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,378 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,939 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,317 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,301 |
| Professional fees and other payments to independent contractors | $54,002 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,677 |
| Total expenses | $84,980 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $70,024 |
| Other assets | $0 |
| Total assets | $70,024 |
| Total liabilities | $0 |
| Net assets or fund balances | $70,024 |