Corinthian Sailing Club Inc
- Assets
- $107.9k
- Revenue
- $311.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- Data as of
- 12/2022
- EIN
- 75-6042126
Organization Overview
Corinthian Sailing Club Inc is located in Dallas, TX. 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. Corinthian Sailing Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF CSC HAS BEEN TO PROMOTE THE SPORT OF SAILING AND SAILBOAT RACING IN NORTH TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB ALSO HAS AN ACTIVE YOUTH PROGRAM AND TEACHES ADULT SAILING. WE OFFER ADULT LEARN TO SAIL COURSES FOR REGULAROR ASSOCIATE CLUB MEMBERS CSC IS COMMITTED TO YOUTH SAILING EDUCATION, WHICH TEACHES CHILDREN SO MUCH ABOUT SAILING, BUT ALSO ABOUT PERSONAL RESPONSIBILITY, SAFETY AND BEING A PART OF A TEAM.
THE SAILING CLUB HAS A NUMBER OF SOCIAL EVENTS IN ADDITION TO THE RACING PROGRAM. THEY PROVIDE MEMBERS AND GUEST AN OPPORTUNITY TO MAKE NEW FREINDS AND TO GET TO KNOW ONE ANOTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mihm Past Commodore | Officer | 10 | $0 |
Renee Comen Commodore | Officer | 10 | $0 |
Grahm Bryant Rear Commodore Pier | Officer | 10 | $0 |
Tom Miller Rear Commodore Equipment | Officer | 10 | $0 |
Griffin Orr Vice Commodore | Officer | 10 | $0 |
Ellen Bryant Rear Commodore Sailing Education | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Killian Baker | 12/30/22 | $11,588 |
Rachel Mittman | 12/30/22 | $8,934 |
Liz Cleaves | 12/30/22 | $2,264 |
Sydney Pinegar | 12/30/22 | $1,975 |
Elliot Mceachern | 12/30/22 | $1,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $240,556 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,556 |
| Total Program Service Revenue | $70,367 |
| Investment income | $59 |
| 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 | $1,531 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $13,101 |
| Royalties | $0 |
| Occupancy | $79,922 |
| 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 | $5,544 |
| Insurance | $15,214 |
| All other expenses | $143,914 |
| Total functional expenses | $282,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,907 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,907 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $107,907 |
| Total liabilities and net assets/fund balances | $107,907 |