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Nonprofit · EIN 88-0947577

SAILS OF HOPE CHESAPEAKE INC

Tax-exempt · ANNAPOLIS, MD 21403

Financials

$244K$41K2023$81K$100K2024
Revenue Expenses · by fiscal year end
Financials of SAILS OF HOPE CHESAPEAKE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$80,898$100,482-$19,584$190,759$0$190,759
December 31, 2023990 (amended)$243,700$40,951$202,749$210,343$0$210,343
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$80,437
Program service revenue
$0
Investment income
$461
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$30,000
Salaries, compensation and benefits (total)
$30,000
Professional fundraising fees
$0
Legal fees
$174
Accounting fees
$2,284
Occupancy
$1,819
Depreciation
$25,000
Program services (functional)
$92,029
Management and general (functional)
$5,966
Fundraising (functional)
$2,487

Balance sheet and other

Total assets, start of year
$210,343
Total assets, end of year
$190,759
Total liabilities, end of year
$0
Net assets, end of year
$190,759
Land, buildings and equipment
$139,583
Net assets without donor restrictions
$190,759
Gross receipts
$80,898
Employees
0
Volunteers
70
Year formed
2022
State of legal domicile
MD

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.

NameTitleHours / weekCompensation
SUZANNE JOHNSONEXECUTIVE DI
Officer
20$20,000
CHRISTINE COTTEREXECUTIVE DI
Officer
20$10,000
WILLIAM CONNORTREASURER
Trustee or director, Officer
20$0
DARYL COOKESECRETARY
Trustee or director, Officer
15$0
DEBORAH DAUGHERTYDIRECTOR
Trustee or director
3$0
MICHAEL FRIIADIRECTOR
Trustee or director
15$0
VICKI SAPORTAPRESIDENT
Trustee or director, Officer
20$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
SUZANNE JOHNSON VOLUNTEEREXECUTIVE DI
Officer
15$0
VICKI SAPORTAPRESIDENT
Trustee or director, Officer
15$0
DARYL COOKESECRETARY
Trustee or director, Officer
5$0
BILL CONNOR FROM APR 2023TREASURER
Trustee or director, Officer
15$0
GREG WHALEN UNTIL APRIL 2023DIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1011 BAY RIDGE ROAD 109, ANNAPOLIS, MD 21403-0000
In care of
% VICKI SAPORPA
Mailing address (990-N for 2022)
1011 BAY RIDGE AVE, ANNAPOLIS MD 21403
Principal officer (990 for 2024)
WILLIAM CONNOR
Principal officer (990-N for 2022)
SUZANNE JOHNSON, 1011 BAY RIDGE AVE, ANNAPOLIS MD 21403
Signed the 990
WILLIAM CONNOR, TREASURER
Phone
(410) 940-2645
Return prepared by
COMPASS US ACCOUNTANTS & ADVISORS

Mission

HONORING THOSE CHALLENGED BY CANCER BY HARNESSING THE HEALING POWER OF WIND, WATER, AND SAIL.

990 for the year ended December 31, 2024

Program accomplishments

  • SAIL BEYOND CANCER ANNAPOLIS INC (SBCA) PROVIDES FREE, THREE-HOUR, PRIVATE SAILS FOR CANCER PATIENTS, THEIR CAREGIVERS, AND LOVED ONES. THESE SPECIAL SAILING EXCURSIONS CREATE OPPORTUNITIES FOR THOSE CHALLENGED BY CANCER TO REBUILD COURAGE AND MAKE LASTING MEMORIES. ANYONE IN TREATMENT FOR ANY TYPE OF CANCER, REGARDLESS OF THEIR AGE, INCOME LEVEL, ETHNIC BACKGROUND, OR OTHER LIFE CIRCUMSTANCES IS ELIGIBLE TO COME SAILING WITH US. NO MATTER WHERE ON THE CONTINUUM OF HEALTH AND TERMINAL DISEASE A CANCER PATIENT'S PROGNOSIS MAY FALL, THE DIAGNOSIS OF CANCER AND THE TREATMENTS THAT FOLLOW BRING WITH THEM COMMONLY OCCURRING EXPERIENCES FOR THE PATIENT: STRESS, ANXIETY, DEPRESSION, AND UNEASE. OUR RESPITE SAILS BRING PEOPLE TOGETHER AND HELP EASE THE STRESSES, FEARS, AND UNKNOWNS THAT CANCER BRINGS TO AN ENTIRE FAMILY. OUR SAILS ARE CONDUCTED BY EXPERIENCED VOLUNTEER CAPTAINS AND TRAINED CREW ON OUR DONATED VESSEL, A 40' BENETEAU SLOOP AND OTHER PRIVATE YACHTS. SBCA IS UNIQUE IN BRINGING DIVERSE CANCER PATIENTS, CAREGIVERS, AND THEIR FAMILIES TOGETHER ON PRIVATE RESPITE SAILS. BY "CASTING OFF THE LINES," THESE SAILS HELP PATIENTS ENJOY THEIR LOVED ONES AND FEEL "CANCER FREE" FOR A TIME.
    Expenses $92,029

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, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-0947577
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$190,759
Income (IRS master file)
$80,898

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$80,898$100,482$190,759XML
990December 2023$243,700$40,951$210,343XML
990-N for 2022
Officer: SUZANNE JOHNSON
December 31, 2022≤ $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 88-0947577).

Questions about SAILS OF HOPE CHESAPEAKE INC

What is the EIN of SAILS OF HOPE CHESAPEAKE INC?
The employer identification number (EIN) of SAILS OF HOPE CHESAPEAKE INC is 88-0947577.
Is SAILS OF HOPE CHESAPEAKE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to SAILS OF HOPE CHESAPEAKE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SAILS OF HOPE CHESAPEAKE 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 SAILS OF HOPE CHESAPEAKE 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 SAILS OF HOPE CHESAPEAKE 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 SAILS OF HOPE CHESAPEAKE INC?
The 990 for the year ended December 31, 2024 names WILLIAM CONNOR.
Who are the officers and directors of SAILS OF HOPE CHESAPEAKE INC?
The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $20,000 (SUZANNE JOHNSON, EXECUTIVE DI).
How much revenue does SAILS OF HOPE CHESAPEAKE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $80,898, expenses of $100,482 and total assets of $190,759 at year end.

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