Sail To Prevail Inc in Newport, Rhode Island (RI)
Table of contents:
- Overview
- Detailed Reports
- Statements Regarding Other IRS Filings and Tax Compliance
- Statement of Revenue
- Statement of Functional Expenses
- Balance Sheet
- Reason for Public Charity Status
- Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
| Sail To Prevail Inc | |
| Employer Identification Number (EIN) | 050399703 |
| Name of Organization | Sail To Prevail Inc |
| Address | PO BOX 1264, Newport, RI 02840-0998 |
| Activities | Special school for the blind, handicapped, etc |
| Subsection | Charitable Organization |
| Ruling Date | 03/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1,712,770 |
| Amount of Income | $1,582,542 |
| Form 990 Revenue Amount | $1,535,223 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: |
Non-representatives - add comments:
Amount of income in 2013: $1,582,542 (it was $567,864 in 2012)
| This organization: | $1,582,542 |
| Other organizations performing similar types of work: | $926,923 |
Assets in 2013: $1,712,770 (it was $1,517,017 in 2012)
| Sail To Prevail Inc: | $1,712,770 |
| Other organizations performing similar types of work: | $1,199,318 |
Expenses in 2012: $581,344
| This organization: | $581,344 |
| Other organizations performing similar types of work: | $819,752 |
Income to expenses ratio in 2012: 2.7
| This organization: | 2.7 |
| Other organizations performing similar types of work: | 1.0 |
Number of employees in 2012: 4
| This organization: | 4 |
| Other organizations performing similar types of work: | 24 |
Grants share in income in 2012: 83.2%
| Sail To Prevail Inc: | 83.2% |
| Other organizations performing similar types of work: | 42.2% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $531,603 |
| Contributions, Gifts, Grants and Other Similar Amounts | $442,271 |
| Program Service Revenue | $22,680 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $1,425 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $8,000 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $0 / $9,600 |
| Less: cost or other basis and sales expenses (Securities / Other) | $0 / $1,600 |
| Gain or (loss) (Securities / Other) | $0 / $8,000 |
| Net income from fundraising events | $57,227 |
| Gross income from fundraising events | $91,888 |
| Less: direct expenses | $34,661 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $581,344 |
| Compensation of current officers, directors, trustees, and key employees | $120,932 |
| Other salaries and wages | $105,194 |
| Payroll taxes | $18,973 |
| Professional fundraising services | $0 |
| Other | $336,245 |
| Balance Sheet (for 2012) | |
| Total assets | $1,517,017 |
| Total liabilities | $18,018 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $18,018 |
| Total net assets or fund balances | $1,498,999 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $3,231,299 |
| Gifts, grants, contributions, and membership fees received | $3,212,517 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $18,782 |
| Gross receipts from related activities, etc. | $260,362 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $0 | $0 | $0 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $0 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $0 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Special Kids Inc | 2208 E Main St, Murfreesboro, TN 37130-5800 | TN | 1998-07 | $3,881,205 |
| 2 | Washington Elks Therapy Program For Children Inc | PO BOX 110760, Tacoma, WA 98411-0760 | WA | 1958-10 | $3,671,143 |
| 3 | The Centers For Exceptional Children Inc, Childrens Center | 2315 Coliseum Dr, Winston Salem, NC 27106-5801 | NC | 1957-08 | $2,134,436 |
| 4 | The Gregory Kistler Treatment Center Inc | 3304 S M St, Fort Smith, AR 72903-2903 | AR | 1979-03 | $2,052,589 |
| 5 | Iron Range Rehabilitation Center | 901 9th St N Ste 100, Virginia, MN 55792-2374 | MN | 1956-01 | $1,974,449 |
| 6 | Sail To Prevail Inc | PO BOX 1264, Newport, RI 02840-0998 | RI | 1983-03 | $1,582,542 |
| 7 | Ruthe B Cowl Rehabilitation Center | 1220 N Malinche Ave, Laredo, TX 78043-3354 | TX | 1961-06 | $1,299,834 |
| 8 | Hickok Center For Brain Injury Inc | 114 S Union St, Rochester, NY 14607-1831 | NY | 1991-11 | $926,923 |
| 9 | East Texas Treatment Center | 1200 Dudley Rd, Kilgore, TX 75662-3306 | TX | 1961-05 | $885,794 |
| 10 | Vector Rehabilitation | 2121 Myrtle Ave, Eureka, CA 95501-3323 | CA | 1979-10 | $714,813 |
| 11 | Western Independent Living Foundation Inc | 17655 Mayall St, Northridge, CA 91325-1416 | CA | 1974-10 | $22,029 |
| 12 | Amputee Education Foundation | 2244 Se 27th Dr, Homestead, FL 33035-1331 | FL | 1995-03 | $0 |
| 13 | Institute For Wellness And Sports Cntr For Outpatient Rehabilition | P O Box 17797, Hattiesburg, MS 39404 | MS | 1986-09 | $0 |
| 14 | Knights Of Windmaster Inc | PO BOX 1798, Lillington, NC 27546-1798 | NC | 1995-04 | $0 |
| 15 | Memorial Regional Rehabilitation Center Inc | 3627 University Blvd South Ste 840, Jacksonville, FL 32216-4230 | FL | 1981-01 | $0 |
| 16 | Playtime | 1701 Ruth St, Houston, TX 77004-4946 | TX | 1996-10 | $0 |
| 17 | Saddle Champ Therapeutic Riding Center Inc | 10808 Hickman Heights Rd, Kansas City, MO 64137-1946 | MO | 1996-03 | $0 |
| 18 | Sierra Sunrise Camp | 173a Melody Ln, Oroville, CA 95966-9651 | CA | 1996-03 | $0 |
| 19 | Special Stuff Inc | 509 North St, Chagrin Falls, OH 44022-2511 | OH | 1997-10 | $0 |
| 20 | Timpany Center | 2801 Mourpark Ave, San Jose, CA 95128-3103 | CA | 1982-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||
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| Total | 25 | ||||||||||||||||||||||||||||||||
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