Nonprofit · EIN 04-2987534
COURAGEOUS SAILING CENTER FOR YOUTH INC
Tax-exempt · BOSTON, MA 02129
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,221,105 | $2,734,953 | $486,152 | $1,945,191 | $505,340 | $1,439,851 |
| December 31, 2023 | 990 | $2,252,716 | $2,564,832 | -$312,116 | $1,252,637 | $297,865 | $954,772 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,521,701
- Program service revenue
- $836,245
- Investment income
- -$5,333
- Net gain from sales of assets
- -$6,820
- Net income from fundraising events
- -$131,508
- Other revenue
- -$131,508
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $153,817
- Other salaries and wages
- $1,507,670
- Salaries, compensation and benefits (total)
- $1,804,321
- Professional fundraising fees
- $0
- Accounting fees
- $76,956
- Depreciation
- $86,832
- Program services (functional)
- $2,215,226
- Management and general (functional)
- $366,108
- Fundraising (functional)
- $153,619
Balance sheet and other
- Total assets, start of year
- $1,252,637
- Total assets, end of year
- $1,945,191
- Total liabilities, end of year
- $505,340
- Net assets, end of year
- $1,439,851
- Land, buildings and equipment
- $860,631
- Net assets without donor restrictions
- $1,048,672
- Net assets with donor restrictions
- $391,179
- Gross receipts
- $3,352,613
- Employees
- 164
- Volunteers
- 100
- Year formed
- 1987
- State of legal domicile
- MA
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Dilorenzo | EXECUTIVE DIRECTOR Officer | 40 | $116,865 | $18,476 |
| Dave Alexander | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| William Dunning | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| Ned Bicks | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Kevin Cain | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Glenn Cort | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Stephen Coulter | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Denise Doyle | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Chris DuBois | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Abby Goldenfarb | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Bill Jacobson | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Molly Ladd | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Tom Martel | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Senofer Mendoza | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Zach Mitchell | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gregg Nourjian | DIRECTOR Trustee or director | 0.5 | $0 |
| Harry Ostrander | DIRECTOR Trustee or director | 0.5 | $0 |
| Melissa Partridge | DIRECTOR Trustee or director | 0.5 | $0 |
| Jabes Rojas | DIRECTOR Trustee or director | 0.5 | $0 |
| Michael Silvia | DIRECTOR Trustee or director | 0 | $0 |
| Ladd Thorne Sr | DIRECTOR Trustee or director | 0.5 | $0 |
| Richard Tubman | DIRECTOR Trustee or director | 0.5 | $0 |
| Carlos Durand | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Dilorenzo | EXECUTIVE DIRECTOR Officer | 40 | $133,090 | $17,623 |
| Dave Alexander | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| William Dunning | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| Ned Bicks | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Kevin Cain | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Glenn Cort | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Stephen Coulter | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Denise Doyle | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Chris DuBois | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Abby Goldenfarb | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Bill Jacobson | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Molly Ladd | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Tom Martel | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Senofer Mendoza | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Zach Mitchell | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Gregg Nourjian | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Harry Ostrander | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Melissa Partridge | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Jabes Rojas | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Michael Silvia | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Ladd Thorne Sr | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Richard Tubman | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| Carlos Durand | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- ONE FIRST STREET, BOSTON, MA 02129-4552
- In care of
- % DAVID DILORENZO
- Principal officer (990 for 2024)
- DAVID DILORENZO, ONE FIRST AVENUE, CHARLESTOWN, MA 02129
- Signed the 990
- DAVID DILORENZO, EXECUTIVE DIRECTOR
- Phone
- (617) 242-3821
- Website
- COURAGEOUSSAILING.ORG
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
THE MISSION OF COURAGEOUS SAILING IS TO TRANSFORM CHILDREN'S LIVES THROUGH SAILING PROGRAMS THAT INSPIRE LEARNING, PERSONAL GROWTH, AND LEADERSHIP.
Program accomplishments
- YOUTH SAILING; PROGRAMS ARE DESIGNED TO SUPPORT POSITIVE LIFE AND JOB SKILLS, AND PROVIDE OPPORTUNITIES NOT OTHERWISE AVAILABLE FOR UNDERSERVED, URBAN YOUTH. WITH BOSTON PUBLIC SCHOOLS AND OTHER PARTNERS, COURAGEOUS SAILING CENTER FOR YOUTH BLENDS SAILING, SWIMMING AND ACADEMICS DESIGNED TO SUPPORT OUT-OF-SCHOOL-TIME LEARNING. PROGRAMS INCLUDE ENVIRONMENTAL/MARINE SCIENCE CURRICULUM AND INSTRUCTOR TRAINING/PROFESSIONAL DEVELOPMENT.Expenses $2,215,226 · revenue $575,994
- PROVIDES ADULTS AND FAMILIES WITH AFFORDABLE, DAY SAILING, SAILING INSTRUCTION AND RACING ON BOSTON HARBOR. REVENUE FROM ADULT PROGRAMS SUPPORTS PROVIDES FINANCIAL SUPPORT FOR YOUTH PROGRAMS.revenue $260,250
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2987534
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $1,945,191
- Income (IRS master file)
- $3,352,613
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,221,105 | $2,734,953 | $1,945,191 | XML |
| 990 | December 2023 | $2,252,716 | $2,564,832 | $1,252,637 | XML |
| 990 | December 2022 | $2,393,673 | $2,242,018 | $1,583,439 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 04-2987534).
Questions about COURAGEOUS SAILING CENTER FOR YOUTH INC
- What is the EIN of COURAGEOUS SAILING CENTER FOR YOUTH INC?
- The employer identification number (EIN) of COURAGEOUS SAILING CENTER FOR YOUTH INC is 04-2987534.
- Is COURAGEOUS SAILING CENTER FOR YOUTH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to COURAGEOUS SAILING CENTER FOR YOUTH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COURAGEOUS SAILING CENTER FOR YOUTH 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 COURAGEOUS SAILING CENTER FOR YOUTH 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 COURAGEOUS SAILING CENTER FOR YOUTH 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 COURAGEOUS SAILING CENTER FOR YOUTH INC?
- The 990 for the year ended December 31, 2024 names DAVID DILORENZO.
- Who are the officers and directors of COURAGEOUS SAILING CENTER FOR YOUTH INC?
- The 990 for the year ended December 31, 2024 lists 23 people; 1 received compensation from the organization, the highest $116,865 (David Dilorenzo, EXECUTIVE DIRECTOR).
- How much revenue does COURAGEOUS SAILING CENTER FOR YOUTH INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,221,105, expenses of $2,734,953 and total assets of $1,945,191 at year end.
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