Saratoga Lake Sailing Foundation Incorporated
- Assets
- $103.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Malta, NY
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-5584910
Organization Overview
Saratoga Lake Sailing Foundation Incorporated is located in Malta, NY. The organization was established in 2015. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saratoga Lake Sailing Foundation Incorporated 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, Saratoga Lake Sailing Foundation Incorporated generated $26.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $9.8k 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
THE SAILING PROGRAM SERVES OVER 150 KIDS AND 50 ADULT STUDENTS EACH SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Welcome President | 2 | $0 | |
Drew Welcome Co-Treasurer | 2 | $0 | |
Greg Tkal Co-Treasurer | 2 | $0 | |
Peter Hudson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,083 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,933 |
| 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 | $100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,887 |
| Total expenses | $9,837 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $70,752 |
| Other assets | $0 |
| Total assets | $103,552 |
| Total liabilities | $0 |
| Net assets or fund balances | $103,552 |