Eastern Sailing Foundation Inc in Marblehead, Massachusetts (MA)

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Eastern Sailing Foundation Inc
Employer Identification Number (EIN)271261568
Name of OrganizationEastern Sailing Foundation Inc
AddressPO BOX 1306, Marblehead, MA 01945-5306
SubsectionCharitable Organization, Educational Organization
Ruling Date09/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$38,118
Amount of Income$932
Form 990 Revenue Amount$932
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation


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Amount of income in 2013: $932 (it was $1,170 in 2012)
This organization: 

 $932
Other organizations performing similar types of work: 

 $81,788

Assets in 2013: $38,118 (it was $49,450 in 2012)
This organization: 

 $38,118
Other organizations performing similar types of work: 

 $33,448

Expenses in 2013: $5,429
Eastern Sailing Foundation Inc: 

 $5,429
Other organizations performing similar types of work: 

 $75,206

Income to expenses ratio in 2013: 0.2
Eastern Sailing Foundation Inc: 

 0.2
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2013: 31.1%
Eastern Sailing Foundation Inc: 

 31.1%
Other organizations performing similar types of work: 

 78.3%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$26,611$1,170$932
Contributions, gifts, grants, and similar amounts received$26,611$1,170$290
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$642
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$7,733$7,708$5,429
Total net assets$28,728$49,450$38,118
Excess/Deficit for the year$18,878$-6,537$-4,496
Net assets or fund balances at beginning of year$-6,678$25,415$42,614
Other changes in net assets or fund balances$16,528$30,572$0
Net assets or fund balances at end of year$52,763$44,954
Balance Sheets
201120122013
Total assets$28,728$49,450$38,118
Total liabilities$0$0$0
Net assets or fund balances$28,728$49,450$38,118
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$12,157
Subtotal Support$30,421
Gifts, grants, contributions, and membership fees received$30,421
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$18,263
Total Support$31,063
Public Support$30,421
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$642
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1University Swim ClubPo Box 10442, Knoxville, TN 37939-0442TN2007-02$43,203
2Neponset Valley River Rats Inc1125 East St, Mansfield, MA 02048-3411MA2011-02$342,985
3Pioneer Valley Riverfront Club Inc, Charle Hines121 West St, Springfield, MA 01104-3321MA2009-07$340,425
4Seekonk Swimming And Tennis Club Inc255 Davis St, Seekonk, MA 02771-1420MA2004-03$314,797
5Belmont Crew Club Inc, Arlington Belmont Crew Club31 Raleigh Road, Belmont, MA 02478-2879MA2007-10$292,586
6Valpo Surf Project Inc99 Pleasant Street, Cambridge, MA 02139MA2010-10$142,029
7Annisquam Yacht Club Sailing & Tennis Program Inc91 Pleasant St, Gloucester, MA 01930-2714MA2011-07$141,154
8Bluefish Boosters Inc33 Buck Knoll Road, Raynham, MA 02767MA2008-05$68,092
9Southcoast Aquatics Inc374 Farm St, New Bedford, MA 02740-2131MA2002-11$48,466
10Sandy Point Sailing Association IncPO BOX 36, Beverly, MA 01915-0001MA1997-08$39,578
11Swim Winchester IncPO BOX 44, Winchester, MA 01890-0044MA2014-08$20,231
12Sail Marblehead IncPO BOX 1430, Marblehead, MA 01945-5430MA2002-04$20,000
13Mass Bay Sailing League, Massachusetts Bay League21 David Mugar Way, Boston, MA 02114MA2002-12$17,555
14Wellesley High School Sailing Team, Wellesley Sailing Club6 Durant Road, Wellesley, MA 02482MA2011-05$16,020
15Whaling City Rowing Club IncPO BOX 40625, New Bedford, MA 02744-0006MA2000-03$12,884
16Boston Elite Swim Team IncPO BOX 300407, Jamaica Plain, MA 02130-0004MA2009-03$12,277
17Orleans Sweeps And Sculls IncPo Box 261, Orleans, MA 02653MA2013-01$10,962
18Sail Cape Cod IncPo Box 1954, Hyannis, MA 02601MA2012-12$4,097
19Inner City Marine Swim Club28 Orange St, Roslindale, MA 02131-2817MA2011-05$2,605
20Eastern Sailing Foundation IncPO BOX 1306, Marblehead, MA 01945-5306MA2010-09$932
Number of organizations performing similar types of work
Alaska27
Alabama20
Arkansas10
Arizona45
California413
Colorado64
Connecticut38
District of Columbia6
Delaware9
Florida173
Georgia37
Hawaii57
Iowa23
Idaho15
Illinois66
Indiana74
Kansas16
Kentucky34
Louisiana13
Massachusetts62
Maryland71
Maine14
Michigan92
Minnesota45
Missouri36
Mississippi8
Montana11
North Carolina65
North Dakota3
Nebraska11
New Hampshire23
New Jersey52
New Mexico18
Nevada17
New York143
Ohio77
Oklahoma9
Oregon52
Pennsylvania94
Rhode Island8
South Carolina17
South Dakota13
Tennessee36
Texas216
Utah22
Virginia101
Vermont8
Washington79
Wisconsin78
West Virginia8
Wyoming12
International10
Total2,651

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