RAGNOT AMATEUR SAILING ASSOCIATION OF TEXAS

EIN: 74-2300536 · La Porte, TX · Data spans: TY2016–TY2025

Most recent filing: Tax Year 2025.

Sailing's public record, made legible. All numbers come directly from this organization's own sworn 990 filing. Patterns are computed from years of filings — not assessments or judgments.

Read trends in context: compare like with like, note the filing year, and treat major disruptions (like 2020–2021) as discontinuities rather than a continuous baseline.

Missing or N/A does not always mean absent. It can mean the item was not disclosed on that form, not collected on that filing type, or not available for that year.

Cash basisNo audit disclosedPart XII · TY2025
Total Revenueℹ️Form 990, Part VIII — Statement of Revenue. Includes contributions, grants, member dues, program service revenue, and investment income. Does NOT include borrowed funds or asset sales proceeds.

$29,951

Total Expensesℹ️Form 990, Part IX (full 990) or Part I Line 17 (990-EZ) — Total functional expenses. Includes program service expenses, management and general, and fundraising. The gap between revenue and expenses is the operating surplus or deficit for the year.

$62,553

Total Assetsℹ️Form 990, Part X — Balance Sheet, end of year. Includes cash, receivables, investments, land, buildings, and equipment.

$175,450

Net Assetsℹ️Form 990, Part X — Total assets minus total liabilities. When positive, assets exceed liabilities; when negative, liabilities exceed assets. Also called 'fund balance.'

$175,450

0 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2025 · 990

Total compensation, benefits & payroll taxes (Part IX)

TY2025

$0

Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.

Named officers/key employees (Part VII‑A) show reportable compensation only and are already included in the Part IX total above. They are not additive.

Professional & consulting fees (Part IX, line 11)

No professional or consulting fees reported in Part IX for TY2025.

Functional Expense Allocation (Part IX)

TY2025

$62,553total functional expenses

100.0%

Program services

$62,553

0.0%

Management & general

$0

0.0%

Fundraising

$0

Source: Form 990, Part IX, line 25. Shows how this organization allocated total expenses across program services, management and general, and fundraising for this filing year.

Historical Trends

Revenue vs. Expenses

Net Revenue / Operating Margin

Net Assets

Revenue Trend

Tax YearPeriodFormRevenueExpensesNet RevenueNet Assets
TY2016Before 2020990EZ$90,490$97,513-$7,023$15,143
TY2017Before 2020990$235,572$208,830$26,742$41,885
TY2018Before 2020990EZN/AN/AN/A
TY2018Before 2020990EZ$26,000$20,724$5,276$32,161
TY20212020–2021990N/AN/AN/A
TY20212020–2021990$353,044$133,629$219,415$256,579
TY20222022+990N/AN/AN/A
TY20222022+990$114,544$280,830-$166,286$90,294
TY20232022+990N/AN/AN/A
TY20232022+990$304,026$311,483-$7,457$82,837
TY20242022+990N/AN/AN/A
TY20242022+990$291,998$166,783$125,215$208,052
TY20252022+990$29,951$62,553-$32,602$175,450

Revenue trend is a filing-history view. It helps you compare operating periods, not infer the club's live condition today.

Revenue Breakdown (Part VIII — most recent year)

Form 990, Part VIII — Statement of Revenue. Includes, but is not limited to: Line 1 = contributions and grants (including member dues reported as contributions). Lines 2a–2f = program service revenue (activities that directly further the organization's exempt purpose). Line 3 = investment income. The specific mix varies by organization type. Source: the organization's own sworn filing.

LineDescriptionAmount
12Total revenue$29,951
1fAll other contributions, gifts, grants$26,550
1hTotal contributions and grants$26,550
3Investment income$3,401

Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.

Balance Sheet (Part X)

TY2025
LineDescriptionBOYEOY
16Total assets$208,052$175,450
26Total liabilities$0$0
33Total net assets or fund balances$208,052$175,450

Source: Form 990, Part X, Balance Sheet.

Officers & Key Staff (Part VII)

How to read this section

This is not a full staff directory. It is the subset of people the organization had to disclose in Form 990, Part VII (the officer, director, trustee, key employee, and highest-compensated employee section of the filing). Why this matters: a missing name does not mean a person was not employed or involved.

Total Volunteer Board Hours/Week (Selected Year): 2

Hours per week are self-reported by each officer on Form 990, Part VII. They are not verified.

Officers and directors as reported on Form 990, Part VII. These are typically unpaid, elected positions. If an officer receives compensation, it will appear in the Paid Staff tab.

Operationally, this section is most useful for understanding disclosed leadership structure, compensation visibility, and board labor — not for reconstructing the full staffing model of a club.

NameTitleHours/WeekStatus
Bradford LarsonPresident1Volunteer
Allison OrchidTreasurer0.3Volunteer
Sandra BaldridgeSecretary0.2Volunteer
Farley FontenotDirector0.2Volunteer
Ann GrahamDirector0.2Volunteer
Patrick GibsonDirector0.2Volunteer
John CardenasDirector0.2Volunteer

Programs (Part III — most recent year)

Form 990, Part III — Statement of Program Service Accomplishments. These are the activities that directly further the organization's exempt purpose. Expenses, grants, and revenue are as reported in the organization's own sworn filing.

Support for local regattas (Battleship Texas). Supports competitive sailing

Expenses: $1,461Grants: $1,461

Develop amateur athletes for sailing competition. Contribute towards infrastructure required to successfully run sailing competitions. Purchase of replacement race committee boat to replace aging unit and refurbishment of another race committee boat.

Expenses: $50,242Grants: $33,112Revenue: $7,500

Governance & Transparency Signals

The IRS Form 990 is a sworn disclosure document — not just a tax return. Beyond financials, it captures governance policies, compensation practices, and relationships between insiders and the organization. Every category below comes directly from that filing. When a field is blank, it is often because this form type doesn’t require it, or the org doesn’t meet the threshold that triggers disclosure. That context is itself worth knowing.

Conflict of Interest Policy

Form 990, Part VI — Line 12a

No

No conflict of interest policy reported. This question is part of Form 990’s Part VI governance disclosures. A written policy documents how the organization identifies and manages situations where a board member, officer, or key employee has a financial interest in a decision — and how those individuals step back from related votes. The IRS does not legally require this policy. Many volunteer-run clubs manage these situations through informal norms rather than written procedure; formal documentation becomes more common as organizations grow in size and operating complexity.

Whistleblower Protection Policy

Form 990, Part VI — Line 13

No

No whistleblower protection policy reported. Without a documented process, a staff member or volunteer who notices irregular transactions has no protected channel to report it — and no written assurance they won’t face consequences for raising the issue. The IRS added this question in 2008 following Sarbanes-Oxley. Absence does not imply wrongdoing; many small clubs haven’t formalized this in writing even when informal norms are healthy.

Officer & Key Employee Compensation (Part VII)

Form 990, Part VII — Named individuals with reportable compensation

No individual compensation reported for this organization in the most recent filing.

This is the norm for volunteer-run sailing clubs. Part VII still exists in the filing — it simply shows $0 compensation for all listed officers and directors, meaning this club is led entirely by unpaid volunteers. When you see compensation appear here in other organizations, it marks a meaningful transition: the club has grown to the point where professional management was hired. The largest clubs in this corpus — those above $3M in revenue — are the most likely to have paid executive staff.

Independent Compensation Consultant

Schedule J, Part I — Organizations filing when comp exceeds $150K

No independent compensation consultant reported for the most recent year with Schedule J data (2023). Executive pay was set through internal board processes — a compensation committee, comparison to prior years, or board vote — without outside benchmarking. This approach is common among nonprofit organizations. An independent consultant provides external market data and a documented rationale; its presence or absence is one piece of context among several when reading compensation disclosures.

Equity-Based Compensation

Schedule J, Part II — Per-person compensation detail

None reported

No equity-based compensation reported. This is typical for nonprofits, which have no shareholders and cannot issue ownership stakes. In the for-profit world, equity-based instruments align executive incentives with shareholder value; the nonprofit analog uses different mechanisms such as retention bonuses or deferred compensation. None of the organizations in the sailing and yacht club corpus report equity-based compensation.

Related-Party Transactions (Schedule L)

Schedule L — Transactions with Interested Persons (officers, directors, their families, controlled entities)

Schedule L requires disclosure of loans, grants, and business transactions between the organization and its own insiders — board members, officers, key employees, and their family members or entities they control. Nonprofits are not prohibited from transacting with insiders, but they must disclose it, follow fair-market-value standards, and document that the transaction benefited the organization, not just the insider. These disclosures exist because self-dealing is the most direct way nonprofit assets can flow to those in control.

No related-party transactions found in our data for this organization. Schedule L is only required when transactions occur — absence means none were reported, not necessarily that none occurred.

Voting Board Members

7

Independent Members

7

Total Employees

0

Total Volunteers

0

Schedule O — Supplemental Information (most recent year)

Organizations use Schedule O to provide additional explanation for answers given on the main 990 form. These are direct excerpts from the filed document.

Form 990, Part III, Line 3

Support for Carson Crain Olympic campaign ceased when Mr. Crain failed to make the Olympic team

Form 990, Part VI, Section B, Line 11b

President prepares form Treasurer reviews form

Form 990, Part VI, Section C, Line 19

Available on request

Form 990, Part IX, Line 24e

Expenses related to refurbishment, maintenance, and sail repair of race committee boats, Melges sailboats, and Opti sailboats used in youth racing program and general race management

Mission

The primary purpose of RASA is to teach basic and advanced competitive sailing, to develop amateur athletes for sailing competition and to foster national and international competition through participation in such events as the United States Yacht Racing Union junior and youth championships, Olympic training and competition and national and international one design class championships.

As stated in the organization's 990 filing.

IRS Source Filings

Source filings are IRS e-file records in XML (Extensible Markup Language) format — a structured data standard used by the IRS for electronic filing. If you open one of these links, it will look like code. That's not an error — that's what XML looks like. Harbor Commons processes this raw XML and presents the structured, readable view you see above.

Why this matters: the XML is the receipt. Harbor Commons is the reading layer on top of that receipt. If you ever need to verify a number, wording choice, or disclosure, the source filing is where to check.

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📡 Filing Signals (9 total)

Trends and shifts computed from this organization's own public filings across all available years. Signals highlight where numbers changed — not whether those changes are good or bad. Only people with inside knowledge of this organization can interpret what these signals mean.

Signals describe filing history, not the club's live operating state. The newest filing may still lag current reality by many months.

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