Sailmail Association FY2022 filing

Not tax-deductible

Fremont, CAMutual-benefit / member-servingMutual/MembershipEIN 94-3290415Revenue $203K in FY2022

On file with the IRSsailmail.com39270 Paseo Padre Parkway 850, 94538-1616 · Fremont, CATax-exempt since Jul 2000

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The Association provides internet email communications for its members on a cooperative basis, in order to meet the private business and operational needs of the members' yachts

88¢ of each $1 spent went to programs.
$38K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
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
3 of 4
filings with a surplus
Average surplus $13K a year · 8% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$38K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 6 voting members
Worth a look: 2 of 6 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$203K
+4% vs prior year
Spent
$159K
To programs
88%
Net assets
$126K
By yearFY2021–FY2025
Revenue
$203K
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$196K
FY2022$203K
FY2023$161K
FY2024$99K
FY2025$58K
Expenses
$159K
FY2022▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2021$166K
FY2022$159K
FY2023$150K
FY2024$134K
FY2025Not on file
Net assets
$126K
FY2022▲ +55%
Tap a bar for its year
Net assets by fiscal year
FY2021$81K
FY2022$126K
FY2023$137K
FY2024$103K
FY2025$36K

From the FY2022 Form 990 (year ending August 2022) · see the original

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You’re viewing the FY2022 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 Jul 2000.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $139K Management & general 12% · $20K

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; $38K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Secretary
$25,200Pt VII · Sec A
Director
$13,200Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jim Corenman’s $25K as Secretary is at the 96th percentile of top reported officer pay among 159 <$100K mutual/membership 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jim Corenman$25,200$25,200$25,200$25,200$43,250
Shea Weston$13,200$13,200$15,200$13,200$24,700
Susan Corenman————$12,050

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers cooperative internet email for members' yacht business and operational needs.

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Provided by the organization

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1 program · $139K · in their own filed words · FY2021
01

The association provides internet email communications for its members on a cooperative basis, in order to meet the private business and operational needs of the members' yachts

$139Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$203K
Ln 12
Fees for servicesLn 2g$203K
Money outPt IX
$159K
Ln 25
Programscol B$139K
Managementcol C$20K
Owns and owesPt X
$126K
net assets · Ln 32
Cash and savingsLn 1–2$126K
Total assetsLn 16$126K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$203K
Total revenueLn 12$203K
Assets in detailPt X, end of year
CashLn 1$126K
Cash and savings togetherLn 1–2$126K
Total assetsLn 16$126K
LiabilitiesLn 26$0
Net assetsLn 32$126K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$81K$126K
Total assetsLn 16$81K$126K
LiabilitiesLn 26$0$0
Net assetsLn 32$81K$126K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$38K$38K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$12K$12K
Office expensesLn 13$921$921
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$101K$101K
Total functional expensesLn 25$159K$139K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $58K$36K 990 PDF
FY2024 $99K$134K−$34K$103K 990 PDF
FY2023 $161K$150K$11K$137K 990 PDF
FY2022 Viewing $203K$159K$45K$126K 990 PDF
FY2021 $196K$166K$31K$81K 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 FY2022 990 (6 parts)
Part I · Summary $203,349 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $196,432$203,349
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $196,432$203,349
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $45,000$38,400
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $120,875$120,316
I-18 Total expensesPrior year $165,875$158,716
I-19 Revenue less expensesPrior year $30,557$44,633
Part VI · Governance 2 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members2
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 policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $203,349 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $203,349$203,349
VIII-12 Total revenueRelated to mission $203,349$203,349
Part IX · Statement of functional expenses $158,716 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $38,400$38,400
IX-11c Accounting feesManagement $3,526$3,526
IX-11g Other fees for servicesManagement $12,000$12,000
IX-13 Office expensesManagement $921$921
IX-23 InsuranceManagement $3,337$3,337
IX-24 Other expenses (24a–d)Programs $100,532$100,532
IX-25 Total functional expensesPrograms $138,932 · Management $19,784 · Fundraising $0$158,716
Part X · Balance sheet $125,962 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $81,329$125,962
X-16 Total assetsStart of year $81,329$125,962
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $81,329$125,962
X-33 Total liabilities and net assetsStart of year $81,329$125,962
Part XI · Reconciliation of net assets $125,962 net assets at year end
XI-1 Total revenue$203,349
XI-2 Total expenses$158,716
XI-3 Revenue less expenses$44,633
XI-4 Net assets at start of year$81,329
XI-10 Net assets at end of year$125,962

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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