Supporters Of Olympia Community Sailing
- Assets
- $156.5k
- Revenue
- $342.1k
- Investments
- $0.0
- Employees
- 19
- Location
- Olympia, WA
- Founding
- 05/2019
- Data as of
- 04/2024
- EIN
- 83-4561395
Organization Overview
Supporters Of Olympia Community Sailing is located in Olympia, WA. The organization was established in 2019. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 04/2024, Supporters Of Olympia Community Sailing employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Supporters Of Olympia Community Sailing 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 04/2024, Supporters Of Olympia Community Sailing generated $342.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $349.1k during the year ending 04/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING A DIVERSE, INCLUSIVE COMMUNITY OF SAILING IN THE OLYMPIA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAILING EDUCATION, YOUTH AND HIGH SCHOOL RACING AND ADULT SAILING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Hanavan Executive Director | Officer | 40 | $70,392 |
Katie Hurley Vice President | OfficerTrustee | 5 | $0 |
Dan Solie Treasurer | OfficerTrustee | 10 | $0 |
Janet Hubbard President | OfficerTrustee | 5 | $0 |
Lester Power Board Member | Trustee | 5 | $0 |
Erin Timms Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,775 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,656 |
| Total Program Service Revenue | $277,392 |
| Investment income | $81 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $342,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,272 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,392 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $121,502 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $560 |
| Fees for services: Accounting | $6,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,028 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $2,629 |
| Office expenses | $3,192 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,563 |
| Travel | $6,948 |
| 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 | $32,479 |
| Insurance | $6,714 |
| All other expenses | $0 |
| Total functional expenses | $349,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,177 |
| Savings and temporary cash investments | $25,698 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,508 |
| 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 | $95,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,510 |
| Accounts payable and accrued expenses | $3,749 |
| 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 | $3,749 |
| Net assets without donor restrictions | $152,761 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $156,510 |