Nonprofit · EIN 59-2008905
SARASOTA YOUTH SAILING INC
Tax-exempt · SARASOTA, FL 34230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $713,644 | $567,416 | $146,228 | $687,907 | $2,155 | $685,752 |
| December 31, 2023 | 990 | $103,361 | $134,355 | -$30,994 | $544,108 | $3,893 | $540,215 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $225,907
- Program service revenue
- $326,973
- Investment income
- $68,116
- Net gain from sales of assets
- $61,967
- Net income from fundraising events
- $80,070
- Other revenue
- $92,648
Expenses
- Grants and similar amounts paid
- $14,520
- Salaries, compensation and benefits (total)
- $277,255
- Professional fundraising fees
- $0
- Accounting fees
- $22,225
- Depreciation
- $53,093
- Program services (functional)
- $396,817
- Management and general (functional)
- $170,599
Balance sheet and other
- Total assets, start of year
- $544,108
- Total assets, end of year
- $687,907
- Total liabilities, end of year
- $2,155
- Net assets, end of year
- $685,752
- Land, buildings and equipment
- $167,540
- Net assets without donor restrictions
- $683,752
- Net assets with donor restrictions
- $2,000
- Gross receipts
- $757,652
- Employees
- 30
- Volunteers
- 80
- Year formed
- 1980
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRAVIS YATES | CHAIRMAN Trustee or director | 8 | $0 |
| MARK WHITTMAN | BOARD MEMBER Trustee or director | 10 | $0 |
| ALAN STANIFORTH | BOARD MEMBER Trustee or director | 4 | $0 |
| NICK ESPOSITO | BOARD MEMBER Trustee or director | 4 | $0 |
| CLAIRE MURRAY FRENCH | BOARD MEMBER Trustee or director | 10 | $0 |
| JOHN FOLVIG | BOARD MEMBER Trustee or director | 5 | $0 |
| KEITH WOODBURY | BOARD MEMBER Trustee or director | 4.5 | $0 |
| LAURA STRICKLAND | TREASURER Trustee or director | 3 | $0 |
| BOB TWINEM | BOARD MEMBER Trustee or director | 8 | $0 |
| JOERN SROKA | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOERN SROKA | CHAIRMAN Trustee or director | 12.5 | $0 |
| MARK WHITTMAN | BOARD MEMBER Trustee or director | 10 | $0 |
| ALAN STANIFORTH | BOARD MEMBER Trustee or director | 8 | $0 |
| TRAVIS YATES | BOARD MEMBER Trustee or director | 8 | $0 |
| CLAIRE MURRAY FRENCH | BOARD MEMBER Trustee or director | 10 | $0 |
| JOHN FOLVIG | BOARD MEMBER Trustee or director | 5 | $0 |
| KEITH WOODBURY | BOARD MEMBER Trustee or director | 3 | $0 |
| LAURA STRICKLAND | TREASURER Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2706, SARASOTA, FL 34230-2706
- Principal officer (990 for 2024)
- TRAVIS YATES, PO BOX 2706, SARASOTA, FL 34230
- Signed the 990
- TRAVIS YATES, CHAIRMAN
- Phone
- (941) 504-4236
- Website
- WWW.SARASOTAYOUTHSAILING.ORG
- Return prepared by
- MILES & THIRION CPA FIRM INC
Mission
THE ORGANIZATION WAS FOUNDED IN 1980 TO ENCOURAGE, AID AND SUPPORT INSTRUCTIONAL SAILING PROGRAMS FOR JUVENILES, AGES 8 TO 18. IT IS A BELIEF OF THE ORGANIZATION THAT THE PLEASURES OF SAILING HAVE A THERAPEUTIC EFFECT ON ALL CHILDREN. SAILING IS A PHYSICAL AND INTELLECTUAL CHALLENGE WHICH BUILDS SELF-ESTEEM, TEAM SPIRIT, SPORTSMANSHIP AND A STRONG APPRECIATION OF THE NATURAL ENVIRONMENT
Program accomplishments
- THE SARASOTA YOUTH SAILING PROGRAM CONTINUES TO MAINTAIN ITS FLEET OF SAILING CRAFT FOR SAFETY AND PERFORMANCE. THE CHILDREN'S PROGRAM HAS GROWN WITH THE ADDITIONS TO THE INSTRUCTIONAL AND RACING PROGRAMS.Expenses $396,817 · grants $14,520 · revenue $407,667
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
- 59-2008905
- 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
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67Z)
- Assets (IRS master file)
- $687,907
- Income (IRS master file)
- $757,652
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $713,644 | $567,416 | $687,907 | XML |
| 990 | December 2023 | $103,361 | $134,355 | $544,108 | XML |
| 990 | September 2022 | $502,124 | $477,025 | $654,208 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 59-2008905).
Questions about SARASOTA YOUTH SAILING INC
- What is the EIN of SARASOTA YOUTH SAILING INC?
- The employer identification number (EIN) of SARASOTA YOUTH SAILING INC is 59-2008905.
- Is SARASOTA YOUTH SAILING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to SARASOTA YOUTH SAILING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SARASOTA YOUTH SAILING 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 SARASOTA YOUTH SAILING 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 SARASOTA YOUTH SAILING 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 SARASOTA YOUTH SAILING INC?
- The 990 for the year ended December 31, 2024 names TRAVIS YATES.
- Who are the officers and directors of SARASOTA YOUTH SAILING INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does SARASOTA YOUTH SAILING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $713,644, expenses of $567,416 and total assets of $687,907 at year end.
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- NACT FREEHOLD INC EIN 87-1776524 · last filed 990 for 2025
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All nonprofits in SARASOTA · Florida · Recreation and sports