Life Sail Inc
- Assets
- $202.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Van Nuys, CA
- Founding
- 01/2004
- Data as of
- 12/2023
- EIN
- 56-2364927
Organization Overview
Life Sail Inc is located in Van Nuys, CA. The organization was established in 2004. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Sail 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 12/2023, Life Sail Inc generated $193.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $91.8k during the year ending 12/2023. 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 Program Activity:
Part 3
ADVOCATE TO THE PUBLIC ABOUT THE SEA AND SHIP HANDLING AND TO FOSTER SKILLS IN SEAMANSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Schulz President & | 20 | $0 | |
Alexis Alvarado CFO | 1 | $0 | |
Steven Schulz COO | 20 | $0 | |
Jim Oates Vice Preside | 1 | $0 | |
Eyal Ron Officer | 1 | $0 | |
Cynthia Diaz CFO | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,934 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $193,934 |
| 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 | $450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $91,385 |
| Total expenses | $91,835 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $177,780 |
| Other assets | $0 |
| Total assets | $201,954 |
| Total liabilities | $20,000 |
| Net assets or fund balances | $181,954 |