Saratoga Lake Sailing Foundation Incorporated
- Assets
- $86.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Malta, NY
- Founding
- 11/2015
- Data as of
- 12/2021
- 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 12/2021, Saratoga Lake Sailing Foundation Incorporated generated $31.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $2.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
SARATOGA LAKE SAILING CLUB OFFERS SAILING LESSONS AND TIME ON THE WATER TO PRACTICE AND IMPROVE SAILING SKIILS AND KNOWLEDGE. THE SAILING PROGRAM SERVES OVER 110 KIDS EVERY SUMMER AS WELL AS CLOSE TO 47 ADULT STUDENTS PER YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Welcome President | 2 | $0 | |
Gregory Tkal Treasurer | 2 | $0 | |
Peter Hudson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,805 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $18,150 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,955 |
| 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 | $800 |
| Occupancy, rent, utilities, and maintenance | $796 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $953 |
| Total expenses | $2,549 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,656 |
| Other assets | $0 |
| Total assets | $86,456 |
| Total liabilities | $0 |
| Net assets or fund balances | $86,456 |
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