Financial Report

Freedom Sailing Camp of FL Inc

Free, no login required.

EIN
46-2219305
Forms in history
990
Most recent year
2024
Years covered
2018, 2020, 2021, 2022, 2023, 2024
Generated
2026-07-14
More formats ▾

Cover, Identity, and Data Lineage

OrganizationFreedom Sailing Camp of FL Inc
Employer Identification Number (EIN)46-2219305
Years covered2018, 2020, 2021, 2022, 2023, 2024

Source: IRS machine-readable 990 XML filings. Generated: 2026-07-14 Years + form type: 2018:990, 2020:990, 2021:990, 2022:990, 2023:990, 2024:990 Disclaimer: This report supplements — not replaces — current internal financial records, budgets, YTD reporting, cash forecasts, and audited or reviewed financial statements where available. It presents as-filed IRS figures and may lag the organization's current financial position.

Executive Snapshot

Latest year2024
Operating margin+24.6%
Months of cash0.2 months
Operating reserve ratio0.27×
Leverage (liabilities/assets)0.36×
Revenue YoY↑ +45.9%
Expense YoY↑ +7.1%

This Financial Report summarizes IRS machine-readable Form 990-series filings for Freedom Sailing Camp of FL Inc across 6 filing year(s). The latest filing year (2024) shows operating margin 24.6% and leverage 0.36×. Year-over-year revenue is ↑ +45.9%, and year-over-year expense is ↑ +7.1%. Values marked Not available reflect form-depth limits or absent lines in the filed record.

Multi-year Statement of Activities

Tax yearFormTotal revenueTotal expensesNet revenue
2018990$18,057$24,231-$6,174
2020990$34,585$31,282$3,303
2021990$34,269$32,014$2,255
2022990$31,758$45,813-$14,055
2023990$51,586$52,966-$1,380
2024990$75,281$56,733$18,548

Multi-year Statement of Financial Position

Tax yearFormTotal assets (EOY)Total liabilities (EOY)Net assets (EOY)
2018990$3,605$0$3,605
2020990$10,097$98$9,999
2021990$21,693$9,439$12,254
2022990$8,161$9,962-$1,801
2023990$5,981$9,162-$3,181
2024990$23,929$8,562$15,367

Fiscal-health Dashboard (Trend View)

Tax yearFormOperating marginMonths of cashCash basisReserve ratio / proxyReserve basisLeverageProgram expense ratioRevenue concentration
2018990-34.2%1.8 monthsForm 990 cash + savings0.15×Total net assets proxy0.00×97.7%100.0%
2020990+9.6%3.9 monthsForm 990 cash + savings0.32×Unrestricted net assets0.01×100.0%100.0%
2021990+6.6%8.1 monthsForm 990 cash + savings0.38×Unrestricted net assets0.44×100.0%97.3%
2022990-44.3%1.0 monthsForm 990 cash + savings-0.04×Unrestricted net assets1.22×100.0%99.4%
2023990-2.7%0.6 monthsForm 990 cash + savings-0.06×Unrestricted net assets1.53×100.0%96.4%
2024990+24.6%0.2 monthsForm 990 cash + savings0.27×Unrestricted net assets0.36×100.0%98.1%

This section is trend-only. It does not score, rank, or grade an organization. Where a form does not require a line, the record is marked Not available.

Revenue Composition and Reliability

Tax yearTop line amountTop-line share of total revenue
2018$18,057100.0%
2020$34,585100.0%
2021$33,33097.3%
2022$31,55899.4%
2023$49,71196.4%
2024$73,82198.1%

Computed for full Form 990 years from separable Part VIII component lines (excluding aggregate total lines). The top-line share is context, not a verdict.

Expense Composition (Program / Management / Fundraising)

Tax yearTotal expensesProgram servicesManagement and generalFundraisingProgram share
2018$24,231$23,674$557$097.7%
2020$31,282$31,282$0$0100.0%
2021$32,014$32,014$0$0100.0%
2022$45,813$45,813$0$0100.0%
2023$52,966$52,966$0$0100.0%
2024$56,733$56,733$0$0100.0%

Compensation and Staffing Trend

Tax yearOfficer rowsW-2 employee count
201810
202042
202142
202244
202344
202447

Counts reflect public sworn filing disclosures and are presented without ranking or judgment.

How to Read This Report

Use this report to read patterns across years, not to assign pass/fail labels. Filing forms differ in depth. A missing value usually means the form did not require that line, or the filing did not provide it. Compare each year to nearby years first, then review source filings for context.

Methodology, Glossary, and Availability

Formulas used: - Operating margin = (total revenue − total expenses) ÷ |total revenue| - Months of cash (990) = (cash non-interest + savings/temp investments) ÷ (total expenses/12) - Months of cash (990-EZ upper bound) = cash+savings+investments combined line ÷ (total expenses/12) - Operating reserve ratio (990) = net assets without donor restrictions ÷ total expenses - Operating reserve ratio (990-EZ proxy) = total net assets ÷ total expenses - Leverage = total liabilities ÷ total assets - Revenue concentration = max(separable Part VIII component line) ÷ total revenue - Program expense ratio = Part IX line 25 program-service amount ÷ total expenses Form 990-PF (private foundation) support is partial: FMV asset totals are included; revenue, expense, and operating-reserve metrics are not computed because 990-PF uses a different income/expense structure (Part I vs Part VIII/IX). Rows with return_type=990PF will show Not available for most ratios. This Financial Report is free and requires no login. Unavailable lines in this organization's filings:

Ready-to-use Briefs

Annual meeting one-pager: Freedom Sailing Camp of FL Inc filed Form 990 — 2018–2024 (6 years). Latest year (2024): revenue $75,281 · expenses $56,733 · net $18,548. Revenue grew year-over-year in 2024. Board packet summary: Review trend tables for Freedom Sailing Camp of FL Inc across 2018–2024 (6 years). Key ratios — operating margin, reserve months, leverage — appear in the Fiscal-health Dashboard section. Interpret each metric in the context of the full series, not as a single-year score. Planning trend section: Consult the Revenue YoY and Expense YoY columns for Freedom Sailing Camp of FL Inc's rate of change, and the Leverage column for balance sheet trajectory over the filing period. Succession/onboarding brief: Freedom Sailing Camp of FL Inc's public 990 record covers 2018–2024 (6 years). Source URLs are in the Data Lineage section. Form-depth notes and the Unavailable Lines list explain why certain metrics are absent — absences are form constraints, not reporting failures.

Source Filings

YearFormSource
2018990Open IRS XML
2020990Open IRS XML
2021990Open IRS XML
2022990Open IRS XML
2023990Open IRS XML
2024990Open IRS XML

IRS machine-readable XML source for each filing year in this report. URLs link to the IRS machine-readable XML mirrored through the GivingTuesday 990 Data Infrastructure public data lake.