EIN: 80-0079858 · Island Heights, NJ · Data spans: TY2018–TY2024
Most recent filing: Tax Year 2024.
A more recent filing may not yet be published.
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.
$95,930
$69,927
N/A
$313,791
W-2 employee count not reported for most recent filing · TY2024 · 990EZ
Total compensation, benefits & payroll taxes (Part IX)
TY2020$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 TY2020.
Historical Trends
Revenue vs. Expenses
Net Revenue / Operating Margin
Net Assets
Revenue Trend
| Tax Year | Period | Form | Revenue | Expenses | Net Revenue | Net Assets |
|---|---|---|---|---|---|---|
| TY2018 | Before 2020 | 990 | $212,897 | $124,242 | $88,655 | $279,464 |
| TY2020 | 2020–2021 | 990 | $377,562 | $458,538 | -$80,976 | $335,699 |
| TY2021 | 2020–2021 | 990EZ | $51,454 | $99,897 | -$48,443 | $287,256 |
| TY2022 | 2022+ | 990EZ | $59,397 | $48,532 | $10,865 | $298,121 |
| TY2023 | 2022+ | 990EZ | $82,863 | $93,196 | -$10,333 | $287,788 |
| TY2024 | 2022+ | 990EZ | $95,930 | $69,927 | $26,003 | $313,791 |
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.
| Line | Description | Amount |
|---|---|---|
| 12 | Total revenue | $377,562 |
| 1c | Fundraising events | $4,869 |
| 1d | Related organizations | $46,330 |
| 1f | All other contributions, gifts, grants | $325,641 |
| 1h | Total contributions and grants | $376,840 |
| 3 | Investment income | $722 |
Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.
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): 25
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.
| Name | Title | Hours/Week | Status |
|---|---|---|---|
| William Warner | Treasurer | 5 | Volunteer |
| Victoria Duff | President | 5 | Volunteer |
| Nancy Dougherty | Secretary | 5 | Volunteer |
| Lauren Plump | Secretary | 5 | Volunteer |
| Lara Walsh | Vice President | 5 | Volunteer |
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.
In 2024 the Foundation ran a major fund raising event. It solicited funds by mailers to those on the Foundation mailing list. The funds raised from these events are not "assigned" to any grant.
THE FOUNDATION SUPPORTS JUNIOR SAILING PROGRAMS ON THE TOMS RIVER AND BARNEGAT BAY. THE FOUNDATION GAVE GRANTS TO JUNIORS WHO ARE NOT MEMBER OF A YACHT CLUB TO PAY THE TUITION FOR THE SUMMER SAILING POGRAM. ADDITIONALLY THE FOUNDATION PAID THE REGISTRATION FEES FOR JUNIORS SAILING IN THE BARNEGAT BAY YACHT RACING ASSOC. REGATTAS.
The Foundation promotes the advancement of water safety through the support of youth programs in the Barnegat Bay area. During the year the Foundation gave grants to various yacht clubs for the purchase and repair of electronic kill switches, repair, recondition and install propellor guards, on the outboard motors for their patrol and safety boats used in the various junior sailing programs.
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
Not reported — this organization files Form 990-EZ, which does not include this schedule.
Part VI governance questions — including the conflict of interest policy — appear only on the full Form 990. This organization files a shorter form available to smaller or specialized filers. Full 990 filers must answer these questions and make the responses public.
Whistleblower Protection Policy
Form 990, Part VI — Line 13
Not reported — this organization files Form 990-EZ, which does not include this schedule.
Whistleblower policy disclosure is part of the full Form 990’s Part VI. The IRS added this question after Sarbanes-Oxley to encourage nonprofits to adopt protections analogous to those required of public companies.
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
Not reported — this organization files Form 990-EZ, which does not include this schedule.
Schedule J is a supplement to the full Form 990 only. It captures how high executive pay was set and what perquisites were provided.
Equity-Based Compensation
Schedule J, Part II — Per-person compensation detail
Not reported — this organization files Form 990-EZ, which does not include this schedule.
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.
Schedule L detail is extracted from full Form 990 XML. This organization files Form 990-EZ, which uses different disclosure rules.
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.
Part VI, line 19
These documents are available upon request.
Grants and Similar Amounts Paid In Excess of $5,000.1
| Relationship of Donee: Various less than$5,000 | Cash Amount Given: $63451
Other Expenses.1
Administrative Expenses $6476
Part VI, line 11b
Copies are given out during an executive meeting and Form 990-EZ is reviewed at the time the treasurer gives his year end treasurer's report.
Mission
The Foundation was formed for the purpose of preserving, protecting and advancing the traditions of recreational sailing. Its primary aim is to facilitate the education of youth sailing and promote the advancement of sailing sportsmanship and on water safety through the support of youth programs in the Barnegat Bay, NJ area. The Foundation will also seek to preserve historical structures, buildings and sailing vessels in the area.
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 (5 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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