Judd Goldman Adaptive Sailing Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 36-3832321)

Revenue by fiscal year
FY2020	$274K
FY2021	$567K
FY2022	$575K
FY2023	$624K
FY2024	$678K
FY2025	$800K

Expenses by fiscal year
FY2020	$141K
FY2021	$270K
FY2022	$268K
FY2023	$252K
FY2024	$269K
FY2025	$264K

Net assets by fiscal year
FY2020	$2.2M
FY2021	$2.5M
FY2022	$2.8M
FY2023	$3.2M
FY2024	$3.6M
FY2025	$4.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1993.

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

Where the money goes

54 cents of each dollar spent went to programs.

54%

32%

13%

Program services 54% · $137K Management & general 32% · $82K Fundraising 13% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Peter D Goldman

President

$0Pt VII · Sec A

Jerry Metzger

Vice President

$0Pt VII · Sec A

Grant Crowley

Treasurer

$0Pt VII · Sec A

Gerald Thomas

Secretary

$0Pt VII · Sec A

Judith Aronson

Director

$0Pt VII · Sec A

John Benish

Director

$0Pt VII · Sec A

Carol Goldman

Director

$0Pt VII · Sec A

Jeffrey Goldman

Director

$0Pt VII · Sec A

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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 physically disabled individuals in classrooms and on water.

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Provided by the organization

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2 programs · $137K · in their own filed words · FY2022

01

Costs to supplement a chicago park district sailing program for the physically disabled.

$82Kprogram expense

02

Repairs and maintenance of boats used in sailing programs (including $36,225 in depreciation).

$54Kprogram 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 · FY2024

The Jerome Mirza FoundationFY2024$50K

Chicago Yacht Club Foundation INCFY2024$17K

Patrick G and Shirley W Ryan FoundationFY2024$10K

Sargent Family FoundationFY2024$10K

Donor Advised Charitable Giving INCFY2024$6K

Howard Family FoundationFY2024$5K

The Rhoda and Henry Frank Family FoundationFY2024$5K

Stone Barrett FoundationFY2024$1K

Total grants receivedfrom 9 funders$104K

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By the numbers

The FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$624K

Ln 12

Gifts and grantsLn 1h$472K

Investment incomeLn 3$160K

Fees for servicesLn 2g$18K

Money outPt IX

$252K

Ln 25

Programscol B$137K

Managementcol C$82K

Fundraisingcol D$34K

Owns and owesPt X

$3.2M

net assets · Ln 32

Cash and savingsLn 1–2$1.1M

Total assetsLn 16$3.2M

LiabilitiesLn 26$0

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$472K

Noncash giftsLn 1g$2K

Fundraising eventsLn 1c$324K

Fees for servicesLn 2g$18K

Investment incomeLn 3$160K

Gains on assetsLn 7$120K

Total revenueLn 12$624K

Assets in detailPt X, end of year

CashLn 1$21K

SavingsLn 2$1.0M

Cash and savings togetherLn 1–2$1.1M

InvestmentsLn 11–13$1.9M

Land, buildings, equipmentLn 10c$230K

Other assetsLn 15$0

Total assetsLn 16$3.2M

LiabilitiesLn 26$0

Net assetsLn 32$3.2M

OperationsPt I, VI

EmployeesI 50

VolunteersI 670

Fiscal year endsHeaderNovember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$953K	$1.1M
InvestmentsLn 11–13	$1.5M	$1.9M
Land, buildings, equipmentLn 10c	$299K	$230K
Total assetsLn 16	$2.8M	$3.2M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$2.8M	$3.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$13K		$13K
Investment management feesLn 11f	$10K		$10K
Other fees for servicesLn 11g	$85K		$51K	$34K
Office expensesLn 13	$8K	$2K	$7K
Information technologyLn 14	$2K		$2K
Depreciation, depletion and amortizationLn 22	$36K	$36K
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$97K	$97K
Total functional expensesLn 25	$252K	$137K	$82K	$34K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$800K	$264K	$537K	$4.1M	990 PDF
FY2024	$678K	$269K	$409K	$3.6M	990 PDF
FY2023 Viewing	$624K	$252K	$372K	$3.2M	990 PDF
FY2022	$575K	$268K	$307K	$2.8M	990 PDF
FY2021	$567K	$270K	$297K	$2.5M	990 PDF
FY2020	$274K	$141K	$133K	$2.2M	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 FY2023 990 (6 parts)

Part I · Summary $624,035 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $388,295$472,353

I-9 Program service revenuePrior year $15,947$18,036

I-10 Investment incomePrior year $144,869$159,681

I-11 Other revenuePrior year $26,008−$26,035

I-12 Total revenuePrior year $575,119$624,035

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $268,411$252,034

I-18 Total expensesPrior year $268,411$252,034

I-19 Revenue less expensesPrior year $306,708$372,001

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-2 Family or business relationship among officers or directorsYes

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

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $624,035 across 9 lines filed

Lines not itemized here account for $6,125 of total revenue; see the IRS return.

VIII-1c Fundraising events$324,300

VIII-1f All other contributions, gifts and grants$148,053

VIII-1g Noncash contributions (included above)$1,699

VIII-1h Total contributions, gifts and grants$472,353

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,036$18,036

VIII-3 Investment incomeExcluded from tax $40,056$40,056

VIII-7 Net gain or loss on sales of assetsExcluded from tax $119,625$119,625

VIII-8 Net income from fundraising eventsExcluded from tax −$32,160−$32,160

VIII-12 Total revenueRelated to mission $18,036 · Unrelated business $0 · Excluded from tax $133,646$624,035

Part IX · Statement of functional expenses $252,034 across 8 lines filed

IX-11c Accounting feesManagement $13,000$13,000

IX-11f Investment management feesManagement $9,681$9,681

IX-11g Other fees for servicesManagement $50,738 · Fundraising $33,826$84,564

IX-13 Office expensesPrograms $1,677 · Management $6,575$8,252

IX-14 Information technologyManagement $1,552$1,552

IX-22 Depreciation, depletion and amortizationPrograms $36,225$36,225

IX-23 InsurancePrograms $1,907$1,907

IX-24 Other expenses (24a–d)Programs $96,853$96,853

IX-25 Total functional expensesPrograms $136,662 · Management $81,546 · Fundraising $33,826$252,034

Part X · Balance sheet $3,175,697 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $42,639$21,165

X-2 Savings and temporary cash investmentsStart of year $909,955$1,045,808

X-10c Land, buildings and equipment, netStart of year $298,995$230,382

X-11 Publicly traded securitiesStart of year $1,538,105$1,878,342

X-15 Other assetsStart of year $14,002$0

X-16 Total assetsStart of year $2,803,696$3,175,697

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $2,693,328$3,099,705

X-28 Net assets with donor restrictionsStart of year $110,368$75,992

X-32 Total net assets or fund balancesStart of year $2,803,696$3,175,697

X-33 Total liabilities and net assetsStart of year $2,803,696$3,175,697

Part XI · Reconciliation of net assets $3,175,697 net assets at year end

XI-1 Total revenue$624,035

XI-2 Total expenses$252,034

XI-3 Revenue less expenses$372,001

XI-4 Net assets at start of year$2,803,696

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,175,697

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Judd Goldman Adaptive Sailing Foundation FY2023 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 Judd Goldman Adaptive Sailing Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV