philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Northeast Harbor Fleet FY2020 filing

Not tax-deductible

Ne Harbor, ME501(c)(7)EIN 01-0198980Revenue $347K in FY2020

On file with the IRSnehfleet.org48 S Shore Rd, 04662-6314 · Ne Harbor, METax-exempt since Mar 1954

This page gets seen. Tell your story. Claim this org.

Yacht club for the promotion of yachting as an amateur sport at Northeast Harbor in the town of mt. Desert, maine and it's vicinity.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $519K a year · 62% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$347K
Spent
$284K
To programs
0%
Net assets
$787K
By yearFY2020–FY2024
Revenue
$347K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$347K
FY2021$399K
FY2022$492K
FY2023$509K
FY2024$2.4M
Expenses
$284K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$284K
FY2021$286K
FY2022$393K
FY2023$335K
FY2024$286K
Net assets
$787K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$787K
FY2021$989K
FY2022$1.0M
FY2023$1.3M
FY2024$3.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1954.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
Mia Thompson
Vice Commodo
$0Pt VII · Sec A
John Roberts
Treasurer
$0Pt VII · Sec A
John Henry
Rear Commodo
$0Pt VII · Sec A
Michael Cook
Commodore
$0Pt VII · Sec A
$0Pt VII · Sec A
Alix Smith
Membership C
$0Pt VII · Sec A
Bill Smith
Building & G
$0Pt VII · Sec A
Chris Hopkins
Crusingclass
$0Pt VII · Sec A
See Northeast Harbor Fleet executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes amateur yachting at Northeast Harbor and surrounding areas.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · in their own filed words · FY2020
01

Provides grounds, facilities and support for the northeast harbor sailing school, and promotes sailing through educational seminars for area sailors.

Pt IX · col B
02

Conducts racing for several one-design classes and a crusising class. Hosts major regional and world sailing championships and their participants.

Pt IX · col B
03

Providing a base of operations, including docks, floats, moorings and launches for the use of watercraft.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Tuckerman FoundationFY2024$1K
Total grants receivedfrom 1 funder$1K
Grants paid · 1 grant · $33K · 2024–2024
Northeast Harbor Sailing SchoolME · FY2024$33,370

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$347K
Ln 12
Gifts and grantsLn 1h$324K
Fees for servicesLn 2g$19K
Investment incomeLn 3$5K
Money outPt IX
$284K
Ln 25
Owns and owesPt X
$787K
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$803K
LiabilitiesLn 26$15K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$324K
Fees for servicesLn 2g$19K
Investment incomeLn 3$5K
Gains on assetsLn 7$3K
Total revenueLn 12$347K
Assets in detailPt X, end of year
CashLn 1$164K
Cash and savings togetherLn 1–2$164K
InvestmentsLn 11–13$517K
Land, buildings, equipmentLn 10c$97K
Total assetsLn 16$803K
LiabilitiesLn 26$15K
Net assetsLn 32$787K
OperationsPt I, VI
EmployeesI 510
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$111K$164K
InvestmentsLn 11–13$478K$517K
Land, buildings, equipmentLn 10c$105K$97K
Total assetsLn 16$705K$803K
LiabilitiesLn 26$17K$15K
Net assetsLn 32$687K$787K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$114K
Other employee benefitsLn 9$10K
Payroll taxesLn 10$9K
Legal feesLn 11b$3K
Accounting feesLn 11c$12K
Other fees for servicesLn 11g$8K
Office expensesLn 13$12K
OccupancyLn 16$28K
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$22K
Other expenses (24a–d)Ln 24$53K
All other expensesLn 24e$6K
Total functional expensesLn 25$284K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$286K$2.1M$3.6M 990 PDF
FY2023 $509K$335K$174K$1.3M 990 PDF
FY2022 $492K$393K$99K$1.0M 990 PDF
FY2021 $399K$286K$113K$989K 990 PDF
FY2020 Viewing $347K$284K$63K$787K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $347,455 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $319,345$323,862
I-9 Program service revenuePrior year $16,413$18,946
I-10 Investment incomePrior year $6,560$4,647
I-11 Other revenue$0
I-12 Total revenuePrior year $342,318$347,455
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $131,476$132,853
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $156,839$151,347
I-18 Total expensesPrior year $288,315$284,200
I-19 Revenue less expensesPrior year $54,003$63,255
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $347,455 across 7 lines filed
VIII-1b Membership dues$321,512
VIII-1f All other contributions, gifts and grants$2,350
VIII-1h Total contributions, gifts and grants$323,862
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $18,946$18,946
VIII-3 Investment incomeUnrelated business $2,047$2,047
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,600$2,600
VIII-12 Total revenueRelated to mission $2,600 · Unrelated business $2,047 · Excluded from tax $18,946$347,455
Part IX · Statement of functional expenses $284,200 across 12 lines filed
IX-7 Other salaries and wages$114,426
IX-9 Other employee benefits$9,780
IX-10 Payroll taxes$8,647
IX-11b Legal fees$2,701
IX-11c Accounting fees$12,381
IX-11g Other fees for services$7,500
IX-13 Office expenses$12,109
IX-16 Occupancy$27,638
IX-22 Depreciation, depletion and amortization$7,991
IX-23 Insurance$21,682
IX-24 Other expenses (24a–d)$53,373
IX-24e All other expenses$5,972
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$284,200
Part X · Balance sheet $802,705 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $110,553$164,462
X-4 Accounts receivableStart of year $1,404$16,135
X-9 Prepaid expenses and deferred chargesStart of year $10,304$8,362
X-10c Land, buildings and equipment, netStart of year $104,550$96,559
X-11 Publicly traded securitiesStart of year $141,980$174,492
X-12 Other securitiesStart of year $335,810$342,695
X-16 Total assetsStart of year $704,601$802,705
X-17 Accounts payable and accrued expensesStart of year $17,452$15,496
X-26 Total liabilitiesStart of year $17,452$15,496
X-27 Net assets without donor restrictionsStart of year $687,149$787,209
X-32 Total net assets or fund balancesStart of year $687,149$787,209
X-33 Total liabilities and net assetsStart of year $704,601$802,705
Part XI · Reconciliation of net assets $787,209 net assets at year end
XI-1 Total revenue$347,455
XI-2 Total expenses$284,200
XI-3 Revenue less expenses$63,255
XI-4 Net assets at start of year$687,149
XI-5 Net unrealized gains (losses) on investments$37,478
XI-9 Other changes in net assets−$673
XI-10 Net assets at end of year$787,209

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.