Potapskut Sailing Association Inc is located in Pasadena, MD. The organization was established in 1949. 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. Potapskut Sailing Association 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, Potapskut Sailing Association Inc generated $119.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $113.4k during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 4 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
J Marshall Duer Commodore | 5 | $0 | |
Michael Wingate Vice Commodore | 4 | $0 | |
Jason Wakeman Fleet Captain | 4 | $0 | |
Tim Ford Rear Commodore | 4 | $0 | |
Patrick Bobbitt Treasurer | 4 | $0 | |
Adam Stevenson Secretary | 3 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $41,595 |
Membership dues | $47,650 |
Investment income | $32 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $30,483 |
Total Revenue | $119,760 |
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 | $51,015 |
Printing, publications, postage, and shipping | $1,036 |
Other expenses | $61,300 |
Total expenses | $113,351 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $149,662 |
Other assets | $0 |
Total assets | $153,726 |
Total liabilities | $0 |
Net assets or fund balances | $153,726 |