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Nonprofit · EIN 01-0505456

SAIL MAINE INC

Tax-exempt · PORTLAND, ME 04101

Financials

$908K$1.1M2023$1.1M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of SAIL MAINE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,149,764$1,275,180-$125,416$1,127,389$4,531$1,122,858
December 31, 2023990$907,871$1,143,525-$235,654$1,251,082$2,808$1,248,274
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$493,860
Program service revenue
$649,165
Investment income
-$2,518
Net gain from sales of assets
-$3,217
Other revenue
$9,257

Expenses

Grants and similar amounts paid
$45,648
Compensation of officers, directors and key employees
$111,000
Other salaries and wages
$514,037
Salaries, compensation and benefits (total)
$678,502
Professional fundraising fees
$0
Accounting fees
$26,106
Travel
$11,205
Depreciation
$119,966
Program services (functional)
$535,895
Management and general (functional)
$622,411
Fundraising (functional)
$116,874

Balance sheet and other

Total assets, start of year
$1,251,082
Total assets, end of year
$1,127,389
Total liabilities, end of year
$4,531
Net assets, end of year
$1,122,858
Land, buildings and equipment
$604,109
Net assets without donor restrictions
$1,004,351
Net assets with donor restrictions
$118,507
Gross receipts
$1,157,981
Employees
70
Volunteers
100
Year formed
2006
State of legal domicile
ME

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MCALLISTER MICHAELEXECUTIVE DIRECTOR
Officer
40$111,000
BRADY JIMDIRECTOR
Trustee or director
0.5$0
CARVILLE EMILYDIRECTOR
Trustee or director
0.5$0
GALE JAMIEDIRECTOR
Trustee or director
0.5$0
HAAG BARTDIRECTOR
Trustee or director
0.5$0
HAGGE CYRUSDIRECTOR
Trustee or director
0.5$0
MORRISSETTE MARKDIRECTOR
Trustee or director
0.5$0
MORSE FAITHDIRECTOR
Trustee or director
0.5$0
POOR MATTHEWDIRECTOR
Trustee or director
0.5$0
SMITH MICHELEDIRECTOR
Trustee or director
0.5$0
WINKELMANN KURTDIRECTOR
Trustee or director
0.5$0
FENDERSON MEGTREASURER
Trustee or director, Officer
0.5$0
MOORE CHRISVICE PRESIDENT
Trustee or director, Officer
0.5$0
PALMER LEIGHSECRETARY
Trustee or director, Officer
0.5$0
ROBINSON CHRISTOPHERPRESIDENT
Trustee or director, Officer
0.5$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
MCALLISTER MICHAELEXECUTIVE DIRECTOR
Officer
40$101,000
BRADY JIMDIRECTOR
Trustee or director
0.5$0
BRUCE DUNCANDIRECTOR
Trustee or director
0.5$0
CARVILLE EMILYDIRECTOR
Trustee or director
0.5$0
GALE JAMIEDIRECTOR
Trustee or director
0.5$0
HAAG BARTDIRECTOR
Trustee or director
0.5$0
HAGGE CYRUSDIRECTOR
Trustee or director
0.5$0
MORRISSETTE MARKDIRECTOR
Trustee or director
0.5$0
MORSE FAITHDIRECTOR
Trustee or director
0.5$0
POOR MATTHEWDIRECTOR
Trustee or director
0.5$0
SMITH MICHELEDIRECTOR
Trustee or director
0.5$0
WINKELMANN KURTDIRECTOR
Trustee or director
0.5$0
FENDERSON MEGTREASURER
Trustee or director, Officer
0.5$0
MOORE CHRISVICE PRESIDENT
Trustee or director, Officer
0.5$0
PALMER LEIGHSECRETARY
Trustee or director, Officer
0.5$0
ROBINSON CHRISTOPHERPRESIDENT
Trustee or director, Officer
0.5$0

Address and contacts

Address (IRS master file)
58 FORE STREET, PORTLAND, ME 04101-4842
In care of
% PHINEAS SPRAGUE JR
Principal officer (990 for 2024)
MICHAEL MCALLISTER, 4 SIXTH ST, SOUTH PORTLAND, ME 04106
Signed the 990
MICHAEL MCALLISTER, EXECUTIVE DIRECTOR
Phone
(207) 632-3550
Return prepared by
ALBIN RANDALL & BENNETT

Mission

TO PROVIDE AFFORDABLE ACCESS TO THE WATER THROUGH COMMUNITY SAILING AND EDUCATIONAL PROGRAMMING.

990 for the year ended December 31, 2024

Program accomplishments

  • SAIL MAINE FOSTERS PERSONAL GROWTH & DEVELOPMENT AND SIGNIFICANTLY IMPROVES QUALITY OF LIFE FOR OVER 2000 PARTICIPANTS PER YEAR THROUGH SAIL TRAINING, EDUCATION, AND RACING PROGRAMS, WHILE PROVIDING WATERFRONT ACCESS FOR THE LOCAL COMMUNITY AND STRENGTHENING MAINE'S CONNECTION TO THE SEA.
    Expenses $535,895 · grants $45,648 · revenue $645,948

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
01-0505456
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,127,389
Income (IRS master file)
$1,157,981

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,149,764$1,275,180$1,127,389IRS
990December 2023$907,871$1,143,525$1,251,082XML
990December 2022$1,086,148$1,143,081$1,483,972IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0505456).

Questions about SAIL MAINE INC

What is the EIN of SAIL MAINE INC?
The employer identification number (EIN) of SAIL MAINE INC is 01-0505456.
Is SAIL MAINE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to SAIL MAINE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SAIL MAINE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SAIL MAINE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SAIL MAINE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SAIL MAINE INC?
The 990 for the year ended December 31, 2024 names MICHAEL MCALLISTER.
Who are the officers and directors of SAIL MAINE INC?
The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $111,000 (MCALLISTER MICHAEL, EXECUTIVE DIRECTOR).
How much revenue does SAIL MAINE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,149,764, expenses of $1,275,180 and total assets of $1,127,389 at year end.

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