Nonprofit · EIN 05-0513580
CONANICUT ISLAND SAILING FOUNDATION
Tax-exempt · JAMESTOWN, RI 02835
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,056,569 | $819,261 | $2,237,308 | $3,447,500 | $55,988 | $3,391,512 |
| December 31, 2023 | 990 | $723,933 | $630,130 | $93,803 | $1,149,344 | $16,416 | $1,132,928 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,764,129
- Program service revenue
- $217,623
- Investment income
- $22,191
- Net rental income
- $1,125
- Net gain from sales of assets
- $2,017
- Net income from fundraising events
- $43,495
- Other revenue
- $52,626
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $104,724
- Other salaries and wages
- $309,273
- Salaries, compensation and benefits (total)
- $473,578
- Professional fundraising fees
- $0
- Legal fees
- $22
- Accounting fees
- $21,463
- Occupancy
- $28,388
- Depreciation
- $25,815
- Program services (functional)
- $568,751
- Management and general (functional)
- $56,135
- Fundraising (functional)
- $194,375
Balance sheet and other
- Total assets, start of year
- $1,149,344
- Total assets, end of year
- $3,447,500
- Total liabilities, end of year
- $55,988
- Net assets, end of year
- $3,391,512
- Land, buildings and equipment
- $224,472
- Publicly traded securities
- $1,518,287
- Net assets without donor restrictions
- $3,287,405
- Net assets with donor restrictions
- $104,107
- Gross receipts
- $3,070,080
- Employees
- 11
- Volunteers
- 5
- Year formed
- 2000
- State of legal domicile
- RI
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 |
|---|---|---|---|---|
| MEG MYLES | EXECUTIVE DI Trustee or director, Officer | 40 | $99,116 | $15,229 |
| HANNAH SWETT | PRESIDENT Trustee or director, Officer | 12 | $0 | $0 |
| BOB MACCINI | VICE-PRESIDE Trustee or director, Officer | 8 | $0 | $0 |
| TOR HOLTAN | TREASURER Trustee or director, Officer | 8 | $0 | $0 |
| MIKE MARSHALL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JIM BRYER | BOARD MEMBER Trustee or director | 15 | $0 | $0 |
| CHRISTOPHER CANNON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE HILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CORY SERTL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MOLLY SYLVIA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERICA VINELLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JESS WURZBACHER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HANNAH SWETT | PRESIDENT Trustee or director, Officer | 15 | $0 |
| MIKE MARSHALL | VICE-PRESIDE Trustee or director, Officer | 5 | $0 |
| TOR HOLTAN | TREASURER Trustee or director, Officer | 5 | $0 |
| MEG MYLES | EXECUTIVE DI Trustee or director, Officer | 40 | $0 |
| JIM BRYER | BOARD MEMBER Trustee or director | 3 | $0 |
| CHRISTOPHER CANNON | BOARD MEMBER Trustee or director | 3 | $0 |
| SEAN DOYLE | BOARD MEMBER Trustee or director | 3 | $0 |
| BOB MACCINI | BOARD MEMBER Trustee or director | 3 | $0 |
| JEN MCCANN | BOARD MEMBER Trustee or director | 3 | $0 |
| CORY SERTL | BOARD MEMBER Trustee or director | 3 | $0 |
| ERICA VINELLI | BOARD MEMBER Trustee or director | 3 | $0 |
| JESS WURZBACHER | BOARD MEMBER Trustee or director | 3 | $0 |
| MIKE HILL | BOARD MEMBER Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 7 FELUCCA AVE, JAMESTOWN, RI 02835-1721
- In care of
- % MEG MYLES
- Principal officer (990 for 2024)
- MEG MYLES, 7 FELUCCA AVE, JAMESTOWN, RI 02835
- Signed the 990
- MEG MYLES, EXECUTIVE DIRECTOR
- Phone
- (401) 855-6643
- Website
- WWW.JAMESTOWNSAILING.ORG
- Return prepared by
- WADOVICK & COMPANY
Mission
CISF'S MISSION IS TO INSPIRE AND ENGAGE PEOPLE OF ALL AGES ABILITIES, AND BACKGROUNDS WITH THE COASTAL ENVIRONMENT THROUGH BOATING AND EDUCATION.
Program accomplishments
- SEA ADVENTURE CAMP: CISF HOSTS EIGHT WEEK-LONG CAMPS FOR YOUTH AGES 4-16. SEA ADVENTURE CAMP GETS CHILDREN ON THE WATER LEARNING HOW TO SAIL AS WELL AS LEARNING ABOUT THE MARINE ENVIRONMENT, THUS BUILDING FUTURE GENERATIONS OF ENVIRONMENTAL AND OCEAN STEWARDS. EACH WEEK-LONG CAMP FOCUSES ON INTRODUCING CAMPERS TO FOUNDATIONAL CONCEPTS SURROUNDING COASTAL EDUCATION AND SAILING. DAYS ARE MIXED TO BLEND SAILING EXPERIENCE AND EXPLORATION OF THE MARINE ENVIRONMENT. THE SCHEDULE AND CURRICULUM FOR EACH WEEK VARIES SLIGHTLY DUE TO WEATHER CONDITIONS AND THE INTERESTS OF EACH GROUP, THOUGH CHILDREN ARE ALWAYS LEARNING THROUGH FUN, HANDS-ON ACTIVITIES.Expenses $284,376
- OUTREACH PROGRAMS: CISF PROVIDES COASTAL ACCESS AND EDUCATIONAL OPPORTUNITIES FOR POPULATIONS WHO ARE TYPICALLY UNDERSERVED AND UNDER- REPRESENTED. WE DO THIS THROUGH PARTNERSHIPS WITH OTHER ORGANIZATIONS. WE OFFER FIELD TRIP TYPE PROGRAMS ALONG WITH WEEKLY PROGRAMS, INCLUDING OUR MARINE TRADES CAREER EXPLORATION PROGRAM FOR HIGH SCHOOL STUDENTS.Expenses $142,188
- SCHOOL YEAR PROGRAMS THAT INCLUDE AFTER-SCHOOL AND HOME-SCHOOL PROGRAMS, SCHOOL FIELD TRIPS, AND VACATION DAY PROGRAMS. AFTER-SCHOOL PROGRAMS ARE FOR GRADES K-8; HOMESCHOOL FOR AGES 5 THROUGH HIGH SCHOOL. FIELD TRIPS AND VACATION DAY PROGRAMS ARE AVAILABLE FOR MOST GRADES THOUGH CURRENTLY ARE MOSTLY K-8. PROGRAMS FOCUS ON CISF'S MISSION OF ENGAGING AND INSPIRING YOUTH WITH THE COASTAL ENVIRONMENT THROUGH BOATING AND EDUCATION.Expenses $142,187
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
- 05-0513580
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C60)
- Assets (IRS master file)
- $3,447,500
- Income (IRS master file)
- $3,070,080
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,056,569 | $819,261 | $3,447,500 | XML |
| 990 | December 2023 | $723,933 | $630,130 | $1,149,344 | XML |
| 990 | December 2022 | $599,615 | $441,672 | $879,621 | 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 05-0513580).
Questions about CONANICUT ISLAND SAILING FOUNDATION
- What is the EIN of CONANICUT ISLAND SAILING FOUNDATION?
- The employer identification number (EIN) of CONANICUT ISLAND SAILING FOUNDATION is 05-0513580.
- Is CONANICUT ISLAND SAILING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CONANICUT ISLAND SAILING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CONANICUT ISLAND SAILING FOUNDATION 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 CONANICUT ISLAND SAILING FOUNDATION 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 CONANICUT ISLAND SAILING FOUNDATION 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 CONANICUT ISLAND SAILING FOUNDATION?
- The 990 for the year ended December 31, 2024 names MEG MYLES.
- Who are the officers and directors of CONANICUT ISLAND SAILING FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $99,116 (MEG MYLES, EXECUTIVE DI).
- How much revenue does CONANICUT ISLAND SAILING FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,056,569, expenses of $819,261 and total assets of $3,447,500 at year end.
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