Nonprofit · EIN 06-6409216
12M YACHT DEVELOPMENT FOUNDATION INC
Also known as SIKORSKI PATRIK TTEE
Tax-exempt · SOUTHPORT, CT 06890
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $238,276 | $172,344 | $65,932 | $656,716 | $391,806 | $264,910 |
| December 31, 2023 | 990 | $836,995 | $186,146 | $650,849 | $650,866 | $385,956 | $264,910 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $238,276
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $22,500
- Program services (functional)
- $87,582
- Management and general (functional)
- $63,137
- Fundraising (functional)
- $21,625
Balance sheet and other
- Total assets, start of year
- $650,866
- Total assets, end of year
- $656,716
- Total liabilities, end of year
- $391,806
- Net assets, end of year
- $264,910
- Net assets without donor restrictions
- $264,910
- Gross receipts
- $238,276
- Employees
- 0
- Volunteers
- 100
- Year formed
- 2006
- State of legal domicile
- CT
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 |
|---|---|---|---|
| PATRICK SIKORSKI | EXECUTIVE DIRECTOR TRUSTEE Trustee or director | 60 | $0 |
| SCOTT MACLEOD | TRUSTEE Trustee or director | 2 | $0 |
| HERB MARSHALL | TRUSTEE Trustee or director | 2 | $0 |
| JEFF NIXON | TRUSTEE Trustee or director | 2 | $0 |
| BOB LABANKA | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK SIKORSKI | EXECUTIVE DIRECTOR TRUSTEE Trustee or director | 60 | $0 |
| SCOTT MACLEOD | TRUSTEE Trustee or director | 2 | $0 |
| HERB MARSHALL | TRUSTEE Trustee or director | 2 | $0 |
| JEFF NIXON | TRUSTEE Trustee or director | 2 | $0 |
| BOB LABANKA | TRUSTEE Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 964, SOUTHPORT, CT 06890-0964
- In care of
- % PATRICK SIKORSKI
- Principal officer (990 for 2024)
- Patrick Sikorski, PO BOX 964, Southport, CT 06890
- Signed the 990
- Patrick Sikorski, Executive Director T
- Phone
- (203) 656-1182
- Website
- WWW.12MYDF.ORG
- Return prepared by
- HRB TAX GROUP INC
Mission
Held 17 fundraiser event in support of the sailing programs
Program accomplishments
- Program services Revenue - due to sailing activities, which included preparation to participate in offshore races in Greenwich CT. Contribution were made for the activity. Program expense - Cost included uniforms, food, repairs, management and cleaning of sales and dockage related expensesExpenses $87,582 · revenue $238,276
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
- 06-6409216
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A85J)
- Assets (IRS master file)
- $656,716
- Income (IRS master file)
- $238,276
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $238,276 | $172,344 | $656,716 | XML |
| 990 | December 2023 | $836,995 | $186,146 | $650,866 | XML |
| 990 | December 2022 | $65,500 | $153,017 | $251,507 | 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 06-6409216).
Questions about 12M YACHT DEVELOPMENT FOUNDATION INC
- What is the EIN of 12M YACHT DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of 12M YACHT DEVELOPMENT FOUNDATION INC is 06-6409216.
- Is 12M YACHT DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to 12M YACHT DEVELOPMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 12M YACHT DEVELOPMENT FOUNDATION 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 12M YACHT DEVELOPMENT FOUNDATION 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 12M YACHT DEVELOPMENT FOUNDATION 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 12M YACHT DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Patrick Sikorski.
- Who are the officers and directors of 12M YACHT DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does 12M YACHT DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $238,276, expenses of $172,344 and total assets of $656,716 at year end.
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