Edgewood Sailing School: FY2021 Nonprofit Profile & Form 990 (EIN 05-0374361)

Revenue by fiscal year
FY2020	$113K
FY2021	$207K
FY2022	$129K
FY2023	$176K
FY2024	$155K

Expenses by fiscal year
FY2020	Not on file
FY2021	$169K
FY2022	$181K
FY2023	$179K
FY2024	$188K

Net assets by fiscal year
FY2020	$163K
FY2021	$202K
FY2022	$150K
FY2023	$155K
FY2024	$120K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1977.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $169K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation

Jame Fraser

President

$0Pt VII · Sec A

Dan Pierce

Vice-President

$0Pt VII · Sec A

Linford Fisher

Secretary

$0Pt VII · Sec A

Sarah Kales Lee

Treasurer

$0Pt VII · Sec A

Bill Grenga

Director Emeritus

$0Pt VII · Sec A

Justin Catalano

Director

$0Pt VII · Sec A

Christy Dubuc-Pierce

Director

$0Pt VII · Sec A

Donna Fraser

Director

$0Pt VII · Sec A

See Edgewood Sailing School executive salaries →

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Questions the 990 asks

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

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches sailing to adults and youth with experienced instructors.

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Provided by the organization

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1 program · $169K · in their own filed words · FY2021

01

Safe sailing instruction provided by experienced instructors to adult and youth participants

$169Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2023

Grace K and Wesley S Alpert Charitable FoundationFY2023$60K

Amazonsmile FoundationFY2023$47

Total grants receivedfrom 2 funders$60K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$207K

Ln 12

Fees for servicesLn 2g$125K

Gifts and grantsLn 1h$79K

Other incomeLn 4–11$3K

Money outPt IX

$169K

Ln 25

Programscol B$169K

Owns and owesPt X

$202K

net assets · Ln 32

Cash and savingsLn 1–2$94K

Total assetsLn 16$244K

LiabilitiesLn 26$42K

PeoplePt VI, VII

16

listed · VII A

PaidVII A0

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$79K

Government grantsLn 1e$43K

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$3K

Fees for servicesLn 2g$125K

Investment incomeLn 3$181

Other incomeLn 4–11$3K

Total revenueLn 12$207K

Assets in detailPt X, end of year

CashLn 1$94K

SavingsLn 2$0

Cash and savings togetherLn 1–2$94K

InvestmentsLn 11–13$200

Land, buildings, equipmentLn 10c$48K

Total assetsLn 16$244K

LiabilitiesLn 26$42K

Net assetsLn 32$202K

OperationsPt I, VI

EmployeesI 517

VolunteersI 650

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$55K	$94K
InvestmentsLn 11–13	$0	$200
Land, buildings, equipmentLn 10c	$39K	$48K
Total assetsLn 16	$178K	$244K
LiabilitiesLn 26	$14K	$42K
Net assetsLn 32	$163K	$202K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0	$0
Grants to domestic individualsLn 2	$0	$0
Grants and assistance to foreign recipientsLn 3	$0	$0
Benefits paid to or for membersLn 4	$0	$0
Pay of current officers, directors and key staffLn 5	$0	$0	$0	$0
Pay of disqualified personsLn 6	$0	$0	$0	$0
Other salaries and wagesLn 7	$110K	$110K	$0	$0
Investment management feesLn 11f	$135	$135	$0	$0
Advertising and promotionLn 12	$255	$255
Office expensesLn 13	$759	$759
Information technologyLn 14	$7K	$7K
OccupancyLn 16	$5K	$5K
Depreciation, depletion and amortizationLn 22	$17K	$17K
InsuranceLn 23	$3K	$3K
Other expenses (24a–d)Ln 24	$25K	$25K	$0	$0
Total functional expensesLn 25	$169K	$169K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$155K	$188K	−$33K	$120K	990 PDF
FY2023	$176K	$179K	−$3K	$155K	990 PDF
FY2022	$129K	$181K	−$52K	$150K	990 PDF
FY2021 Viewing	$207K	$169K	$39K	$202K	990 PDF
FY2020	$113K			$163K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $207,461 revenue, 12 lines filed

I-8 Contributions and grants$79,189

I-9 Program service revenue$124,778

I-10 Investment income$181

I-11 Other revenue$3,313

I-12 Total revenuePrior year $0$207,461

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$109,592

I-16a Professional fundraising fees$0

I-17 Other expenses$58,938

I-18 Total expensesPrior year $0$168,530

I-19 Revenue less expensesPrior year $0$38,931

Part VI · Governance 16 of 16 board members independent, 5 to look at

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $207,461 across 13 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$3,030

VIII-1d Related organizations$0

VIII-1e Government grants$43,400

VIII-1f All other contributions, gifts and grants$32,759

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$79,189

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $124,778 · Unrelated business $0 · Excluded from tax $0$124,778

VIII-3 Investment incomeRelated to mission $181 · Unrelated business $0 · Excluded from tax $0$181

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,313 · Unrelated business $0 · Excluded from tax $0$3,313

VIII-12 Total revenueRelated to mission $128,272 · Unrelated business $0 · Excluded from tax $0$207,461

Part IX · Statement of functional expenses $168,530 across 15 lines filed

IX-1 Grants to domestic organizationsPrograms $0$0

IX-2 Grants to domestic individualsPrograms $0$0

IX-3 Grants and assistance to foreign recipientsPrograms $0$0

IX-4 Benefits paid to or for membersPrograms $0$0

IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0

IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0

IX-7 Other salaries and wagesPrograms $109,592 · Management $0 · Fundraising $0$109,592

IX-11f Investment management feesPrograms $135 · Management $0 · Fundraising $0$135

IX-12 Advertising and promotionPrograms $255$255

IX-13 Office expensesPrograms $759$759

IX-14 Information technologyPrograms $7,441$7,441

IX-16 OccupancyPrograms $4,852$4,852

IX-22 Depreciation, depletion and amortizationPrograms $17,064$17,064

IX-23 InsurancePrograms $3,408$3,408

IX-24 Other expenses (24a–d)Programs $25,024 · Management $0 · Fundraising $0$25,024

IX-25 Total functional expensesPrograms $168,530 · Management $0 · Fundraising $0$168,530

Part X · Balance sheet $244,037 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $54,969$94,222

X-2 Savings and temporary cash investments$0

X-9 Prepaid expenses and deferred chargesStart of year $84,000$102,000

X-10c Land, buildings and equipment, netStart of year $38,717$47,615

X-11 Publicly traded securitiesStart of year $0$200

X-16 Total assetsStart of year $177,686$244,037

X-17 Accounts payable and accrued expensesStart of year $4,263$25,645

X-19 Deferred revenue$842

X-25 Other liabilitiesStart of year $9,967$15,163

X-26 Total liabilitiesStart of year $14,230$41,650

X-32 Total net assets or fund balancesStart of year $163,456$202,387

X-33 Total liabilities and net assetsStart of year $177,686$244,037

Part XI · Reconciliation of net assets $202,387 net assets at year end

XI-1 Total revenue$207,461

XI-2 Total expenses$168,530

XI-3 Revenue less expenses$38,931

XI-4 Net assets at start of year$163,456

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$202,387

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Edgewood Sailing School FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Edgewood Sailing School

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV