Annapolis Naval Sailing Assocation Inc
- Assets
- $90.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edgewater, MD
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 52-2037929
Organization Overview
Annapolis Naval Sailing Assocation Inc is located in Edgewater, MD. The organization was established in 1998. 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. Annapolis Naval Sailing Assocation 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, Annapolis Naval Sailing Assocation Inc generated $80.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $49.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Boetig Commodore | 8 | $0 | |
Ruth G Simons Treasurer | 8 | $0 | |
Rob Doolittle Fleet Captain | 8 | $0 | |
Eli Mcgigan Vice Commodore | 8 | $0 | |
Amy Purvis Web Administrator | 8 | $0 | |
Luca Brigatta Rear Commodore Training | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $200 |
| Total Program Service Revenue | $70,450 |
| Membership dues | $9,727 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,377 |
| 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 | $49,598 |
| Total expenses | $49,598 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,576 |
| Other assets | $0 |
| Total assets | $90,576 |
| Total liabilities | $0 |
| Net assets or fund balances | $90,576 |