Nonprofit · EIN 54-2076502
CAROLINA SAILING FOUNDATION
Tax-exempt · CHAPEL HILL, NC 27516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $159,876 | $168,867 | -$8,991 | $199,404 | $0 | $199,404 |
| December 31, 2024 | 990-EZ | $120,071 | $89,856 | $30,215 | $166,830 | – | $166,830 |
| December 31, 2023 | 990-EZ | $125,627 | $124,620 | $1,007 | $136,615 | $0 | $136,615 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $26,910
- Membership dues
- $7,633
- Program service revenue
- $123,246
- Investment income
- $2,087
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,034
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $61,118
- Professional fees and payments to contractors
- $450
- Occupancy
- $24,674
- Other expenses
- $77,591
- Program services (functional)
- $168,867
Balance sheet and other
- Total assets, start of year
- $166,830
- Total assets, end of year
- $199,404
- Total liabilities, end of year
- $0
- Net assets, end of year
- $199,404
- Cash, savings and investments
- $128,050
- Gross receipts
- $159,876
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 |
|---|---|---|---|
| Charles Buckner | President | 10 | $0 |
| Dan Russel | Vice President | 1 | $0 |
| Anna Howard | Treasurer | 2 | $0 |
| Alan Backus | Adult Program Director | 5 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Buckner | President | 10 | $0 |
| Dan Russel | Vice President | 1 | $0 |
| Anna Howard | Treasurer | 2 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Buckner | President | 9.99 | $0 |
| Anna Howard | Treasurer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 8100 N HOUND CT, CHAPEL HILL, NC 27516-9284
- In care of
- % JOHN NORTON
- Mailing address (990-N for 2021)
- 8100 North Hound Court, Chapel Hill NC 27516
- Principal officer (990-N for 2021)
- Charles A Buckner, 8100 North Hound Court, Chapel Hill NC 27516
- Signed the 990-EZ
- Charles Buckner, President
- Phone
- (000) 000-0000
Mission
To promote the sport of sailing
Program accomplishments
- Youth sailing instruction 224 youths participated in summer camp junior sailing and high school sailingExpenses $130,937 · grants $5,034
- Adults sailing instruction 200 adults received sailing instructionExpenses $28,447
- Community sailing 20 sailors became members with right of access to Foundation sailboatsExpenses $9,483
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 | 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
- 54-2076502
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $199,404
- Income (IRS master file)
- $159,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $159,876 | $168,867 | $199,404 | XML |
| 990-EZ | December 2024 | $120,071 | $89,856 | $166,830 | XML |
| 990-EZ | December 2023 | $125,627 | $124,620 | $136,615 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Charles A Buckner | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: JOHN A NORTON | December 31, 2018 | ≤ $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 54-2076502).
Questions about CAROLINA SAILING FOUNDATION
- What is the EIN of CAROLINA SAILING FOUNDATION?
- The employer identification number (EIN) of CAROLINA SAILING FOUNDATION is 54-2076502.
- Is CAROLINA SAILING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to CAROLINA SAILING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINA 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 CAROLINA SAILING FOUNDATION 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 CAROLINA SAILING FOUNDATION 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 CAROLINA SAILING FOUNDATION?
- The 990-N for 2021 names Charles A Buckner.
- Who are the officers and directors of CAROLINA SAILING FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CAROLINA SAILING FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $159,876, expenses of $168,867 and total assets of $199,404 at year end.
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