Singles On Sailboats Inc is located in Annapolis, MD. The organization was established in 1983. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Singles On Sailboats Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Singles On Sailboats Inc generated $169.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $173.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 9 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 Mission:
Part 3 - Line 1
SOCIAL AND RECREATIONAL ORGANIZATION FOR SINGLE ADULTS WHO WISH TO SAIL. PROGRAMS INCLUDE SAILING ON THE CHESAPEAKE BAY AS WELL AS OCCASIONAL EXTENDED TRIPS IN OTHER AREAS. EDUCATION AND SOCIAL ACTIVITIES INCLUDE SEMINARS ON SAILING SKILLS, WINTER BRUNCHES, AND PARTIES THAT ARE GENERALLY HELD AT WEEKEND SAILING DESTINATIONS. SOS IS A VOLUNTEER BASED ORGANIZATION OF APPROXIMATELY 500 MEMBERS.
Describe the Organization's Program Activity:
Part 3
BAREBOAT CRUISES - THIS MAJOR PROGRAM ORGANIZES TRIPS OUTSIDE THE LOCAL SAILING AREA FOR A WEEK OR MORE ON CHARTERED SAILING VESSELS. SOME TRIPS REMAIN IN US WATERS, OTHER ORIGINATE IN FOREIGN DESTINATIONS (LAKE CHAMPLAIN AND THE CARIBBEAN THIS PAST YEAR.) HEAVY VOLUNTEER INVOLVEMENT IN PLANNING THESE TRIPS LIMITS COSTS.
CRUISING ON THE CHESAPEAKE: THE CORE ACTIVITY OF THIS ORGANIZATION IS TO FACILITATE SAILING BY MEMBERS. SAILING EVENTS ARE HOSTED MOST WEEKENDS FROM APRIL THROUGH NOVEMBER AS WELL AS SOME WEEKDAYS. MEMBER SKIPPERS PROVIDE THE BOATS, AND OTHER MEMBERS PROVIDE CREW FOR THE BOATS AND COORDINATE THE SAILS. THIS IS BOTH AN EDUCATIONAL AND SOCIAL EXPERIENCE. ALL PARTICIPANTS VOLUNTEER THEIR TIME AND EXPERTISE. USE OF THE BOATS IS AN "IN KIND" DONATION BY THE SKIPPER MEMBERS, WHO RECEIVE NO REMUNERATION FOR THE USE OF THEIR BOATS.
SOCIAL: SIX MAJOR SOCIAL EVENTS AND FOUR BRUNCHES WERE HELD IN 2018. SOME OCCUR AT WEEKEND SAILING DESTINATIONS WITH AN AVERAGE PARTICIPATION OF ABOUT 80 MEMBERS. SOCIAL EVENTS INCREASE OPPORTUNITIES FOR MEMBERS TO SHARE THEIR ENTHUSIASM ABOUT THE SPORT OF SAILING AS WELL AS ALLOW MEMBERS TO MEET WITH OTHERS WHO HAVE SIMILAR INTEREST, PARTICIPATE IN SAILING ACTIVITIES, AND SHARE INFORMATION ABOUT SAILING. VOLUNTEERS ORGANIZE, FACILITATE AND OVERSEE THESE EVENTS. SMALLER REGIONAL SOCIAL EVENTS ARE HELD DURING THE REMAINDER OF THE YEAR.
EDUCATION EVENTS: IN THE WINTER AND EARLY SPRING THE ORGANIZATION FOCUSES ON EDUCATION AND TRAINING OF MEMBERS TO IMPROVE SKILLS FOR THE COMING SAILING SEASON. A MAJOR TRAINING DAY IS GENERALLY HELD EACH SPRING AT A LOCAL COLLEGE; MANY CLASSES ENGAGE MORE THAN 100 PARTICIPANTS. VOLUNTEERS ORGANIZE AND MANAGE THESE EDUCATIONAL EVENTS FOR MEMBERS AND FOR THE COMMUNITY. WINTER SMALL GROUP DISCUSSIONS AND MONTHLY WINTER BRUNCHES ARE ALSO PART OF THIS ENDEAVOR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Zevin Commodore | 20 | $0 | |
Karl Scible Vice Commodore | 10 | $0 | |
Douglas Gage Secretary | 10 | $0 | |
Nancy Bloomberg Director | 10 | $0 | |
Bob Morrow Director | 10 | $0 | |
Heide Harper Director | 10 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $145,256 |
Membership dues | $23,320 |
Investment income | $121 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $1,000 |
Total Revenue | $169,697 |
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 | $0 |
Occupancy, rent, utilities, and maintenance | $19,097 |
Printing, publications, postage, and shipping | $8,160 |
Other expenses | $146,183 |
Total expenses | $173,440 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $119,760 |
Other assets | $0 |
Total assets | $260,236 |
Total liabilities | $60,230 |
Net assets or fund balances | $200,006 |