Sailing Club Of The Chesapeake Inc
- Assets
- $35.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 01/1993
- Data as of
- 12/2022
- EIN
- 52-1781473
Organization Overview
Sailing Club Of The Chesapeake Inc is located in Annapolis, MD. The organization was established in 1993. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Sailing Club Of The Chesapeake Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Sailing Club Of The Chesapeake Inc generated $97.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $111.6k during the year ending 12/2022. While expenses have increased by 34.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
INCLUDING FOUR MAJOR CRUISES IN THE CHESAPEAKE BAY, ALONG WITH ASSOCIATED SOCIAL EVENTS AND PICNICS. ALSO, THE ORGANIZATION AND OPERATION OF SEVERAL SAILING RACING REGATTAS N THE CHESAPEAKE, AS WELL AS THE ANNUAL HOSPICE CUP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Lawrence Commodore | 8 | $0 | |
Frank Martien Vice Commodore | 4 | $0 | |
Jonas Lodge Rear Commodore | 3 | $0 | |
Andrew Mutch Secretary | 2 | $0 | |
Arthur A Libby Fleet Captain | 2 | $0 | |
John E Murray Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $75,776 |
| Membership dues | $23,157 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,276 |
| 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 | $95,015 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,002 |
| Other expenses | $14,606 |
| Total expenses | $111,623 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,956 |
| Other assets | $0 |
| Total assets | $35,060 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |
North Baltimore Aquatic Club Inc Towson, MD | $609,098 | $1,206,837 |
The Fish Swimteam Inc Fairfax, VA | $418,358 | $867,783 |
Highlands Swim And Tennis Club Inc Mclean, VA | $2,158,004 | $1,103,225 |
Usa Swimming Inc Appomattox, VA | $921,136 | $1,203,031 |
Forest Hill Swim Club Inc Ellicott City, MD | $874,185 | $822,025 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |