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Nonprofit · EIN 20-0961806

OLD SALT FISHING FOUNDATION INC

Tax-exempt (reinstated) · MADEIRA BEACH, FL 33738

Financials

$1.1M$1.1M2022
Revenue Expenses · by fiscal year end
Financials of OLD SALT FISHING FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2022990$1,138,290$1,080,572$57,718$101,785$750$101,035
Financial details: 990 for the year ended December 31, 2022

Revenue

Contributions, gifts and grants
$329,179
Membership dues
$8,824
Program service revenue
$809,110
Investment income
$1
Other revenue
$0

Expenses

Grants and similar amounts paid
$66,946
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$120
Accounting fees
$320
Occupancy
$11,750
Program services (functional)
$1,017,913
Management and general (functional)
$62,659

Balance sheet and other

Total assets, start of year
$62,604
Total assets, end of year
$101,785
Total liabilities, end of year
$750
Net assets, end of year
$101,035
Land, buildings and equipment
$1,576
Gross receipts
$1,138,290
Employees
0
Volunteers
445
Year formed
2004
State of legal domicile
FL

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, 2022, highest compensation first.

NameTitleHours / weekCompensation
ALAN MCLEODBOARD MEMBER
Trustee or director
3$0
AMY VERDENSKYBOARD MEMBER
Trustee or director
30$0
GRAY BURTCHAELLBOARD MEMBER
Trustee or director
10$0
ZAC STURMBOARD MEMBER
Trustee or director
20$0
DENNIS CLINEBOARD MEMBER
Trustee or director
10$0
AMIE MCRANIESECRETARYMEMBERSHIP
Trustee or director, Officer
14$0
THOMAS VERDENSKYPRESIDENT
Officer
25$0
DAN CASEYVICE PRESIDENT
Officer
12$0

Address and contacts

Address (IRS master file)
PO BOX 8564, MADEIRA BEACH, FL 33738-8564
In care of
% TOM VERDENSKY
Principal officer (990 for 2022)
THOMAS VERDENSKY, 8034 BAYHAVEN DRIVE, SEMINOLE, FL 33776
Signed the 990
THOMAS VERDENSKY, PRESIDENT
Return prepared by
Rosen Weissman Gerardo Coberly CPAs

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2022

Program accomplishments

  • THROUGH OUR FISHING TOURNAMENTS WE WERE ABLE TO SUPPORT VARIOUS LOCAL CHARITY ORGANIZATIONS. SEE SCHEDULE I, PART III.
    Expenses $1,017,913 · grants $66,946

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, 2025Not on file
2023December 31, 2023May 15, 2024Not on file

At risk of automatic revocation

None of the last three returns is in the IRS public files. The IRS revokes tax-exempt status after three consecutive years without a return. Recent filings can take a few weeks to appear.

IRS record

EIN
20-0961806
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
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$101,785
Income (IRS master file)
$1,138,290

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
August 11, 2014
Reinstated
Effective May 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2022$1,138,290$1,080,572$101,785XML
990December 2021$981,160$980,715$62,604IRS
990December 2020–––IRS
990December 2018–––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 20-0961806).

Questions about OLD SALT FISHING FOUNDATION INC

What is the EIN of OLD SALT FISHING FOUNDATION INC?
The employer identification number (EIN) of OLD SALT FISHING FOUNDATION INC is 20-0961806.
Is OLD SALT FISHING FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
Are donations to OLD SALT FISHING FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OLD SALT FISHING 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 OLD SALT FISHING 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 OLD SALT FISHING FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2022.
Who is the principal officer of OLD SALT FISHING FOUNDATION INC?
The 990 for the year ended December 31, 2022 names THOMAS VERDENSKY.
Who are the officers and directors of OLD SALT FISHING FOUNDATION INC?
The 990 for the year ended December 31, 2022 lists 8 people; 0 received compensation from the organization.
How much revenue does OLD SALT FISHING FOUNDATION INC have?
On its 990 for the year ended December 31, 2022 it reported revenue of $1,138,290, expenses of $1,080,572 and total assets of $101,785 at year end.

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