Nonprofit · EIN 47-5584910
SARATOGA LAKE SAILING FOUNDATION INCORPORATED
Tax-exempt · MALTA, NY 12020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $9,716 | $5,944 | $3,772 | $114,064 | $0 | $114,064 |
| December 31, 2024 | 990-EZ | $1,589 | $2,950 | -$1,361 | $109,892 | $0 | $109,892 |
| December 31, 2023 | 990-EZ | $7,645 | $4,999 | $2,646 | $114,803 | $0 | $114,803 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,170
- Program service revenue
- $0
- Investment income
- $2,046
- Net income from sales of inventory
- $1,500
- 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 fees and payments to contractors
- $962
- Other expenses
- $4,982
Balance sheet and other
- Total assets, start of year
- $109,892
- Total assets, end of year
- $114,064
- Total liabilities, end of year
- $0
- Net assets, end of year
- $114,064
- Cash, savings and investments
- $75,309
- Gross receipts
- $9,716
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK WELCOME | PRESIDENT | 1 | $0 |
| DREW WELCOME | TREASURER | 1 | $0 |
| PETER HUDSON | SECRETARY | 1 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK WELCOME | PRESIDENT | 1 | $0 |
| DREW WELCOME | TREASURER | 1 | $0 |
| PETER HUDSON | SECRETARY | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK WELCOME | PRESIDENT | 1 | $0 |
| DREW WELCOME | TREASURER | 1 | $0 |
| PETER HUDSON | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 163 MANNING COVE ROAD, MALTA, NY 12020-0000
- In care of
- % MARK WELCOME
- Mailing address (990-N for 2017)
- 163 MANNING RD, MALTA NY 12020
- Principal officer (990-N for 2017)
- Mark Welcome, 64 Riley Cove Rd, BALLSTON SPA NY 12020
- Signed the 990-EZ
- Mark Welcome, President
- Phone
- (518) 928-6187
Mission
THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO OFFER FINANCIAL SUPPORT TO ORGANIZATONS AND ACTIVITIES WHICH EDUCATE AMETEUR YOUTH AND ADULTS IN THE SPORT OF SAILING. IN ADDITION, THE ORGANIZATION AIMS TO DEVELOP, PROMOTE, AND ADVANCE THE SPORTS OF RECREATIONAL AND COMPETITIVE SAILING IN AND AROUND THE SARATOGA LAKE, NY REIGON.
Program accomplishments
- THE SAILING PROGRAM SERVES OVER 150 KIDS AND 50 ADULT STUDENTS EACH SUMMER.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-5584910
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $114,064
- Income (IRS master file)
- $9,716
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $9,716 | $5,944 | $114,064 | IRS |
| 990-EZ | December 2024 | $1,589 | $2,950 | $109,892 | IRS |
| 990-EZ | December 2023 | $7,645 | $4,999 | $114,803 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Mark Welcome | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-5584910).
Questions about SARATOGA LAKE SAILING FOUNDATION INCORPORATED
- What is the EIN of SARATOGA LAKE SAILING FOUNDATION INCORPORATED?
- The employer identification number (EIN) of SARATOGA LAKE SAILING FOUNDATION INCORPORATED is 47-5584910.
- Is SARATOGA LAKE SAILING FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to SARATOGA LAKE SAILING FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SARATOGA LAKE SAILING FOUNDATION INCORPORATED file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SARATOGA LAKE SAILING FOUNDATION INCORPORATED due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SARATOGA LAKE SAILING FOUNDATION INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of SARATOGA LAKE SAILING FOUNDATION INCORPORATED?
- The 990-N for 2017 names Mark Welcome.
- Who are the officers and directors of SARATOGA LAKE SAILING FOUNDATION INCORPORATED?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does SARATOGA LAKE SAILING FOUNDATION INCORPORATED have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $9,716, expenses of $5,944 and total assets of $114,064 at year end.
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All nonprofits in MALTA · New York · Community improvement and capacity building