SAILING EDUCATION ADVENTURES

EIN: 94-3126634 · 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.

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.

$139,058

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.

$134,076

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

N/A

Net Assetsℹ️Form 990, Part X — Total assets minus total liabilities. Positive = financially solvent. Negative = liabilities exceed assets. Also called 'fund balance.'

$150,473

W-2 employee count not reported for most recent filing · TY2024 · 990EZ

Total compensation, benefits & payroll taxes (Part IX)

Not available for Form 990-EZ filings. This metric requires a full Form 990.

Professional & consulting fees (Part IX, line 11)

Not available for Form 990-EZ filings. This metric requires a full Form 990.

Historical Trends

Revenue vs. Expenses

Net Revenue / Operating Margin

Net Assets

Revenue Trend

Tax YearPeriodFormRevenueExpensesNet RevenueNet Assets
TY2018Before 2020990EZ$136,204$114,246$21,958$131,931
TY20202020–2021990EZ$90,330$106,839-$16,509$123,999
TY20212020–2021990EZ$172,848$144,835$28,013$152,012
TY20222022+990EZ$138,211$141,911-$3,700$148,312
TY20232022+990EZ$142,934$145,755-$2,821$145,491
TY20242022+990EZ$139,058$134,076$4,982$150,473

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 line-level detail is not available for this organization. The most common reason is that this organization files Form 990-EZ, which does not include the same revenue schedule as the full Form 990. Revenue totals are still reported in the key metrics above where available.

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.

Expenses: $133,535

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.

FORM 990-EZ, PART I, LINE 16

EXPENSES ADVERTISING AND PROMOTION 2,763 OFFICE EXPENSE 4,019 INSURANCE 9,641 FEES 1,831 FLEET EXPENSES 16,886 PROGRAM EXPENSES 6,494 TAXES AND LICENSES 412 BAD DEBT 3,973 NON-INVESTMENT DEPRECIATION 17,512 TOTAL 63,531

FORM 990-EZ, PART II, LINE 24

GRANTS RECEIVABLE 12,376 4,167 ACCOUNTS RECEIVABLE 0 215 FIXED ASSETS 249,047 273,525 LESS ACCUMULATED DEPRECIATION 149,041 166,553 TOTAL 112,382 111,354

FORM 990-EZ, PART II, LINE 26

ACCOUNTS PAYABLE AND ACCRUED EXPENSES 37 563

FORM 990-EZ, PART III

SAILING EDUCATION ADVENTURES IS DEDICATED TO PROMOTING SAILING THROUGH AFFORDABLE INSTRUCTION AND RELATED ON-THE-WATER ACTIVITIES.

FORM 990-EZ, PART III, LINE 28

THE PRIMARY OBJECTIVES AND PURPOSE OF THE ORGANIZATION SHALL BE TO FOSTER CONSERVATION AND CARE OF THE SAN FRANCISCO BAY MARINE ENVIRONMENT THROUGH ACTIVE, ON-THE-WATER, AND RELATED EXPERIENCES. THIS SHALL BE ACCOMPLISHED THROUGH ON-THE-WATER INSTRUCTIONAL PROGRAMS FOR ADULTS AND YOUTHS, ENVIRONMENTAL AWARENESS PROGRAMS, AND CLASSROOM EDUCATION PROGRAMS, AS WELL AS VOLUNTEER SUPPORT OF RELATED EFFORTS CONCERNING THE SAN FRANCISCO BAY MARINE ENVIRONMENT. LAST YEAR 13 ADULTS PARTICIPATED IN THE AD…

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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