Corsica River Foundation Inc
- Assets
- $28.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Centreville, MD
- Founding
- 02/1988
- Data as of
- 12/2022
- EIN
- 52-1443708
Organization Overview
Corsica River Foundation Inc is located in Centreville, MD. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corsica River Foundation 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 12/2022, Corsica River Foundation Inc generated $12.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (66.8%) each year. All expenses for the organization totaled $252.0 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 FOUNDATION MAINTAINED SAILBOATS WHICH BENEFIT THE CORSICA RIVER YACHT CLUB'S JUNIOR SAILING PROGRAM, A COMMUNITY SAILING PROGRAM OF CHILDREN AGES 6 TO 15, TAUGHT BY US SAILING CERTIFIED INSTRUCTORS. BASIC SAILING AND SAFETY SKILLS ARE TAUGHT IN THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
P Norman Davidson President | 1 | $0 | |
Mary Wood Secretary | 1 | $0 | |
Reed Valliant Treasurer | 1 | $0 | |
Peter Jayne Director | 1 | $0 | |
Byron Luna Director | 1 | $0 | |
Lottie Bowie Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $12 |
| 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 | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $252 |
| Total expenses | $252 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,833 |
| Other assets | $0 |
| Total assets | $28,833 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,833 |