Sarasota Sailing Squadron Inc
- Assets
- $2.1m
- Revenue
- $790.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Sarasota, FL
- Founding
- 11/1979
- Data as of
- 12/2021
- EIN
- 59-1943529
Organization Overview
Sarasota Sailing Squadron Inc is located in Sarasota, FL. The organization was established in 1979. 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. As of 12/2021, Sarasota Sailing Squadron Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota Sailing Squadron Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Sarasota Sailing Squadron Inc generated $790.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $726.6k during the year ending 12/2021. While expenses have increased by 5.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CLUB FACILITES, SAILING INSTRUCTION, BOAT STORAGE, LAUNCH ACCESS AND RAMPS/HOISTS FOR APPROXIMATELY 747 FAMILY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CLUB SERVICES, BOAT STORAGE AND RAMP ACCESS FOR APPROXIMATELY 747 FAMILY MEMBERSHIPS.
HOSTED 10 SCHEDULED REGATTAS WITH 400 PARTICIPANTS AND 13 INVITATIONALS WITH 1200 SAILORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad West Vice Commodore | OfficerTrustee | 5 | $0 |
Judy Hodgson Commodore | OfficerTrustee | 5 | $0 |
Ingrid Summers Rear Commodore | OfficerTrustee | 5 | $0 |
Rosemary Mcmullen Secretary | OfficerTrustee | 5 | $0 |
Mark Fishman Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $231,572 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,913 |
| Total Program Service Revenue | $525,383 |
| Investment income | $470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,356 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $790,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,600 |
| Fees for services: Management | $2,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,881 |
| Advertising and promotion | $116 |
| Office expenses | $9,879 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,284 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,094 |
| Insurance | $75,041 |
| All other expenses | $8,181 |
| Total functional expenses | $726,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,747 |
| Savings and temporary cash investments | $191,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,957 |
| Prepaid expenses and deferred charges | $20,856 |
| Net Land, buildings, and equipment | $1,721,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,800 |
| Total assets | $2,108,235 |
| Accounts payable and accrued expenses | $23,744 |
| Grants payable | $0 |
| Deferred revenue | $9,730 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $16,295 |
| Other liabilities | $8,093 |
| Total liabilities | $57,862 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,050,373 |
| Total liabilities and net assets/fund balances | $2,108,235 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sarasota Sailing Squadron Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Sarasota Convention And Visitors Bureau Sarasota, FL PURPOSE: SPONSORSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Square Foundation Ocala, FL | $124,141,413 | $8,724,488 |
United States Masters Swimming Inc Sarasota, FL | $7,327,632 | $3,454,621 |
Usa Water Ski & Wake Sports Inc Auburndale, FL | $1,442,821 | $1,825,367 |
Usa Swimming Inc Minneola, FL | $982,345 | $1,492,508 |
Sarasota Crew Inc Osprey, FL | $3,089,613 | $2,511,291 |
Water Sports Foundation Inc Orlando, FL | $355,212 | $1,138,831 |
Huntsville Swim Association Huntsville, AL | $601,008 | $1,169,266 |
Sarasota Sharks Incorporated Sarasota, FL | $1,254,329 | $1,187,905 |
Athens Bulldog Swim Club Inc Hull, GA | $405,540 | $725,242 |
Palm Beach Sailing Club Inc West Palm Beach, FL | $1,088,323 | $782,714 |
Coconut Grove Sailing Club Instructional Center Inc Miami, FL | $284,549 | $710,117 |
Sarasota Sailing Squadron Inc Sarasota, FL | $2,108,235 | $790,673 |