Crw Events FY2024 filing

Tax-deductible

N Charleston, SC501(c)(3)Recreation & SportsEIN 92-1829058Revenue $345K in FY2024

On file with the IRScharlestonraceweek.com4208 Pace St Ste C, 29405-7438 · N Charleston, SCTax-exempt since Feb 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Crw Events, a charitable nonprofit organization, operates with the goal of promoting amateur athletic sailing for the public benefit. Our mission is to build strong connections with the up-and-coming college community of young sailors and beginners of all ages. Over the years, we have nurtured relationships with sailors who share our passion for boating, particularly sailing. Our annual event, a thrilling 4-day sailing race, aims to bring together sailors from around the world. However, we recognize that achieving this wouldn't be possible without the invaluable contributions of our dedicated volunteers, generous sponsors, and the grants we receive. Our integrity, creativity, and core values are deeply rooted in the sailing community. Our long-term vision includes bolstering the infrastructure of a community sailing center-a hub for fostering participation and education in sailing.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$39K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $9K a year · 2% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$39K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$68K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$345K
-5% vs prior year
Spent
$355K
To programs
86%
Net assets
$88K
By yearFY2023–FY2025
Revenue
$345K
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2023$365K
FY2024$345K
FY2025$356K
Expenses
$355K
FY2024▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2023$267K
FY2024$355K
FY2025$418K
Net assets
$88K
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2023$98K
FY2024$88K
FY2025$26K

From the FY2024 Form 990 (year ending September 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2023.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $307K Management & general 14% · $48K

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

6 people listed on the 990; $39K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Event Director
$38,574Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Randall Draftz’s $85K as Event Director is at the 87th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Randall Draftz$85,000$38,574$60,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes amateur athletic sailing, connecting college sailors and beginners through events.

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Provided by the organization

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1 program · $307K · in their own filed words · FY2023
01

We hosted a junior event for highschool sailors, with the local community, to educate, train, and enhance their SKILLS.WE are the largest keel boat race in the united states, we generated 6 million impressions, were on the local news with the mayor and executive director with patriots point on the uss YORKTOWN.THE town were the event…

$307Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$345K
Ln 12
Fees for servicesLn 2g$313K
Gifts and grantsLn 1h$32K
Money outPt IX
$355K
Ln 25
Programscol B$307K
Managementcol C$48K
Owns and owesPt X
$88K
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$155K
LiabilitiesLn 26$68K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Fees for servicesLn 2g$313K
Total revenueLn 12$345K
Assets in detailPt X, end of year
CashLn 1$155K
Cash and savings togetherLn 1–2$155K
Total assetsLn 16$155K
LiabilitiesLn 26$68K
Net assetsLn 32$88K
OperationsPt I, VI
EmployeesI 51
VolunteersI 623
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$166K$155K
Total assetsLn 16$166K$155K
LiabilitiesLn 26$68K$68K
Net assetsLn 32$98K$88K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$39K$39K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$43K$43K
Office expensesLn 13$2K$2K$894
TravelLn 17$657$657
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$247K$217K$31K
All other expensesLn 24e$11K$7K$4K
Total functional expensesLn 25$355K$307K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $356K$418K−$61K$26K 990 PDF
FY2024 Viewing $345K$355K−$10K$88K 990 PDF
FY2023 $365K$267K$98K$98K 990 PDF

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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 FY2024 990 (6 parts)
Part I · Summary $344,933 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $79,668$31,575
I-9 Program service revenuePrior year $285,263$313,358
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $364,931$344,933
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 $56,426$38,574
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $210,368$316,508
I-18 Total expensesPrior year $266,794$355,082
I-19 Revenue less expensesPrior year $98,137−$10,149
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $344,933 across 4 lines filed
VIII-1f All other contributions, gifts and grants$31,575
VIII-1h Total contributions, gifts and grants$31,575
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $313,358$313,358
VIII-12 Total revenueRelated to mission $313,358 · Unrelated business $0 · Excluded from tax $0$344,933
Part IX · Statement of functional expenses $355,082 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $38,574$38,574
IX-11c Accounting feesManagement $8,614$8,614
IX-12 Advertising and promotionPrograms $43,066$43,066
IX-13 Office expensesPrograms $1,547 · Management $894$2,441
IX-17 TravelManagement $657$657
IX-23 InsuranceManagement $3,770$3,770
IX-24 Other expenses (24a–d)Programs $216,618 · Management $30,776$247,394
IX-24e All other expensesPrograms $6,919 · Management $3,647$10,566
IX-25 Total functional expensesPrograms $306,724 · Management $48,358 · Fundraising $0$355,082
Part X · Balance sheet $155,488 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $165,637$155,488
X-16 Total assetsStart of year $165,637$155,488
X-25 Other liabilitiesStart of year $67,500$67,500
X-26 Total liabilitiesStart of year $67,500$67,500
X-32 Total net assets or fund balancesStart of year $98,137$87,988
X-33 Total liabilities and net assetsStart of year $165,637$155,488
Part XI · Reconciliation of net assets $87,988 net assets at year end
XI-1 Total revenue$344,933
XI-2 Total expenses$355,082
XI-3 Revenue less expenses−$10,149
XI-4 Net assets at start of year$98,137
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$87,988

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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