Valhalla Sailing Project Ltd

  • Annapolis, MD
  • Tax exemption issued: Jan. 2016
  • EIN: 47-5260622

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Human Service Organizations - Multipurpose (NTEE)

Donations to this organization are tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Oct.
2025

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$76,820
Expenses
$64,516
Net Income
$12,304
Net Assets
$94,992
Notable Sources of Revenue Percent of Total Revenue
Contributions $64,478
83.9%
Program Services $0
Investment Income $3,411
4.4%
Net Fundraising $3,449
4.5%
Sales of Assets $0
Net Inventory Sales $1,482
1.9%
Other Revenue $4,000
5.2%
Assets/Debt
Total Assets $94,992
Total Liabilities $0
Net Assets $94,992
Compensation
Key Employees and Officers Compensation Other
Michael Wood (Director) $0 $0
Samuel Holoviak (Treasurer) $0 $0
Jeremy Dublon (Executive Director) $0 $0
Amy Pantoja (Secretary) $0 $0
Katie Freeman (Vice Director) $0 $0
James Darlington (Director-boat Manager) $0 $0
Chris Junge (Director - Race Mgr) $0 $0
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Document Links

990-EZ
Filed on Feb. 6, 2026

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Oct.
2024

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$62,919
Expenses
$65,119
Net Income
-$2,200
Net Assets
$91,256
Notable Sources of Revenue Percent of Total Revenue
Contributions $60,779
96.6%
Program Services $0
Investment Income $602
1.0%
Net Fundraising $224
0.4%
Sales of Assets $0
Net Inventory Sales $1,314
2.1%
Other Revenue $0
Assets/Debt
Total Assets $91,256
Total Liabilities $0
Net Assets $91,256
Compensation
Key Employees and Officers Compensation Other
Michael Wood (Executive Director) $0 $0
Katie Freeman (Director) $0 $0
James Mcginnis (Co-founder, Exec Emeritus) $0 $0
James Darlington (Director-boat Manager) $0 $0
Jeremy Dublon (Director -community Outreach) $0 $0
Amy Pantoja (Secretary) $0 $0
Samuel Holoviak (Treasurer) $0 $0
Chris Junge (Director-race Mgr) $0 $0
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Document Links

990-EZ
Filed on Jan. 21, 2025

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Oct.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$52,007
Expenses
$38,503
Net Income
$13,504
Net Assets
$88,735
Notable Sources of Revenue Percent of Total Revenue
Contributions $48,316
92.9%
Program Services $0
Investment Income $473
0.9%
Net Fundraising $2,086
4.0%
Sales of Assets $0
Net Inventory Sales $1,132
2.2%
Other Revenue $0
Assets/Debt
Total Assets $88,735
Total Liabilities $0
Net Assets $88,735
Compensation
Key Employees and Officers Compensation Other
James Mcginnis (Co-founder, Exec Emeritus) $0 $0
Michael Wood (Executive Director) $0 $0
Katie Freeman (Director) $0 $0
James Darlington (Director) $0 $0
Jeremy Dublon (Director) $0 $0
Samuel Holoviak (Chief Financial Officer) $0 $0
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990-EZ
Filed on Dec. 5, 2023

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Oct.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$49,239
Expenses
$76,272
Net Income
-$27,033
Net Assets
$99,364
Notable Sources of Revenue Percent of Total Revenue
Contributions $54,218
> 100%
Program Services $0
Investment Income $0
Net Fundraising -$4,979
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $99,364
Total Liabilities $0
Net Assets $99,364
Compensation
Key Employees and Officers Compensation Other
James Mcginnis (Exec Director) $0 $0
Mike Wood (Co-founder, Exec Emeritus) $0 $0
Katie Freeman (Director) $0 $0
Jeremy Dublon (Director) $0 $0
James Darlington (Director) $0 $0
Sam Holoviak (Treasurer) $0 $0
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Document Links

990-EZ
Filed on Feb. 18, 2023

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Oct.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$101,205
Expenses
$83,060
Net Income
$18,145
Net Assets
$126,397
Notable Sources of Revenue Percent of Total Revenue
Contributions $101,205
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $126,397
Total Liabilities $0
Net Assets $126,397
Compensation
Key Employees and Officers Compensation Other
Michael Wood (Executive Director) $0 $0
Katherine Freeman (Director) $0 $0
Frank Briguglio (Director) $0 $0
James Darlington (Director) $0 $0
Monica Alvarado (Director) $0 $0
Jeremy Myers (Director) $0 $0
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990-EZ
Filed on April 25, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Oct.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$101,042
Expenses
$47,067
Net Income
$53,975
Net Assets
$87,830
Notable Sources of Revenue Percent of Total Revenue
Contributions $49,292
48.8%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $51,750
51.2%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $87,830
Total Liabilities $0
Net Assets $87,830
Compensation
Key Employees and Officers Compensation Other
Katherine Freeman (Director) $0 $0
Michael Wood (Executive Director) $0 $0
Frank Briguglio (Director) $0 $0
Monica Alverado (Director) $0 $0
Jeremy Myers (Director) $0 $0
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Document Links

990-EZ
Filed on March 31, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Oct.
2019

Gross receipts
Less than $50,000

Postcard filings do not ask for a specific revenue amount and provide no additional financial details.

Document Links

990-N

Postcard filing for an organization with gross receipts less than $50,000. These filings do not generate a downloadable form.

Fiscal Year Ending Oct.
2018

Gross receipts
Less than $50,000

Postcard filings do not ask for a specific revenue amount and provide no additional financial details.

Document Links

990-N

Postcard filing for an organization with gross receipts less than $50,000. These filings do not generate a downloadable form.

Fiscal Year Ending Oct.
2017

Gross receipts
Less than $50,000

Postcard filings do not ask for a specific revenue amount and provide no additional financial details.

Document Links

990-N

Postcard filing for an organization with gross receipts less than $50,000. These filings do not generate a downloadable form.

Fiscal Year Ending Oct.
2016

Gross receipts
Less than $50,000

Postcard filings do not ask for a specific revenue amount and provide no additional financial details.

Document Links

990-N

Postcard filing for an organization with gross receipts less than $50,000. These filings do not generate a downloadable form.

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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