Triumph Sails Inc
- Assets
- $16.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Orleans, MA
- Founding
- Data as of
- 12/2023
- EIN
- 88-4120219
Organization Overview
Triumph Sails Inc is located in South Orleans, MA. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triumph Sails 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, Triumph Sails Inc generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $9.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (44.7%) per year over the past 2 years. 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
TRIUMPH SAILS, INC. IS FORMED TO SAVE THE HISTORIC KETCH TRIUMPH. THE ESSEL HAD FALLEN INTO DISPAIR AND NEEDED SIGNIFICANT RENOVATION AND ONGOING MAINTENANCE. THROUGH FUNDRAISING, AND MEMBERSHIP THE RESTORATION OF TRIUMPH IS COMPLETE AND IS BETTER THAN EVER, SAFE, AND AVAILABLE TO ENJOY ON PLEASANT BAY. TRIUMPH SAILS IS BUILDING COMMUNITY THROUGH A LOVE OF SAILING WITH GUIDED SAILS AND SAILING LESSONS, PROVIDING MARITIME EDUCATION AND EXPERIENCE THAT PROMOTE THE CONSERVATION OF THE PLEASANT BAY MARINE ECO- SYSTEM THROUGH COMMUNITY PROGRAMS AND OPPORTUNITIES TO SAIL ON THE BAY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sylvia Guild Beaudoin President | 2 | $0 | |
Edward R Carpenter Jr Vice Preside | 2 | $0 | |
Christopher Galazzi Clerk | 2 | $0 | |
Elise Feder Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,462 |
| 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 | $20,462 |
| 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 | $128 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,034 |
| Total expenses | $9,162 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,951 |
| Other assets | $0 |
| Total assets | $15,951 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,951 |