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Palm Beach Sailing Club Inc

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$852k (2022)

Expenses
$820k (2022)

Total Assets
$1.11M (2022)

Total Liabilities
$739k (2022)

Source: Form 990 tax filings from 2011 to 2022

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. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$851,876
Expenses
$819,780
Net Income
$32,096
Net Assets
$371,422
Notable Sources of Revenue Percent of Total Revenue
Contributions $367,511
43.1%
Program Services $505,276
59.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$20,911
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $318,747
38.9%
Assets/Debt
Total Assets $1,110,746
Total Liabilities $739,324
Net Assets $371,422
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jim Amaducci (Director) $0 $0 $0
Matthew Woods (Director) $0 $0 $0
Anita Cleland (Director) $0 $0 $0
Fred De Napoli (Director) $0 $0 $0
Carolyn Nye (Director) $0 $0 $0
John Kiely (Director) $0 $0 $0
Joe Fields (Past Commodore) $0 $0 $0
Brent Putnam (Fleet Captain) $0 $0 $0
Charles Field (Rear Commodore) $0 $0 $0
Quincy Bruckerhoff (Commodore) $0 $0 $0
Elie Edmonson (Vice Commodore) $0 $0 $0
Hillary Oswald (Secretary) $0 $0 $0
Alex Hill (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$782,714
Expenses
$770,959
Net Income
$11,755
Net Assets
$339,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $337,504
43.1%
Program Services $458,899
58.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$13,689
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $314,449
40.8%
Assets/Debt
Total Assets $1,088,323
Total Liabilities $748,997
Net Assets $339,326
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jim Amaducci (Director) $0 $0 $0
Matthew Woods (Director) $0 $0 $0
Anita Cleland (Director) $0 $0 $0
Fred De Napoli (Director) $0 $0 $0
Carolyn Nye (Director) $0 $0 $0
John Kiely (Director) $0 $0 $0
Joe Fields (Past Commodore) $0 $0 $0
Brent Putnam (Fleet Captain) $0 $0 $0
Charles Field (Rear Commodore) $0 $0 $0
Quincy Bruckerhoff (Commodore) $0 $0 $0
Linda Green (Treasurer) $0 $0 $0
Hillary Oswald (Secretary) $0 $0 $0
Alex Hill (Treasurer) $0 $0 $0
Elie Edmonson (Vice Commodore) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$642,873
Expenses
$553,645
Net Income
$89,228
Net Assets
$327,571
Notable Sources of Revenue Percent of Total Revenue
Contributions $403,574
62.8%
Program Services $248,132
38.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$8,833
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $239,204
43.2%
Assets/Debt
Total Assets $957,152
Total Liabilities $629,581
Net Assets $327,571
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Hillary Oswald (Director) $0 $0 $0
Charles Field (Director) $0 $0 $0
Jim Amaducci (Director) $0 $0 $0
Suzanne Weston Spinney (Director) $0 $0 $0
Matthew Woods (Director) $0 $0 $0
Marissa Fields (Director) $0 $0 $0
Robert Norvell (Past Commodore) $0 $0 $0
Davie Oswald (Fleet Captain) $0 $0 $0
Quincy Bruckerhoff (Vice Commodore) $0 $0 $0
Joseph Fields (Commodore) $0 $0 $0
Elie Edmonson (Rear Commodore) $0 $0 $0
Meghan Bright (Secretary) $0 $0 $0
Linda Green (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$645,629
Expenses
$597,452
Net Income
$48,177
Net Assets
$238,343
Notable Sources of Revenue Percent of Total Revenue
Contributions $357,950
55.4%
Program Services $288,721
44.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$1,042
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $213,493
35.7%
Assets/Debt
Total Assets $895,893
Total Liabilities $657,550
Net Assets $238,343
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joseph Fields (Commodore) $0 $0 $0
Alex Hill (Commodore) $0 $0 $0
Ben Bright (Commodore) $0 $0 $0
Bob Mc Cormack (Rear Commodore) $0 $0 $0
Linda Green (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$608,275
Expenses
$597,193
Net Income
$11,082
Net Assets
$190,166
Notable Sources of Revenue Percent of Total Revenue
Contributions $271,769
44.7%
Program Services $340,059
55.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$3,673
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $120
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $210,599
35.3%
Assets/Debt
Total Assets $819,346
Total Liabilities $629,180
Net Assets $190,166
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
George Paddick (Past Commodo) $0 $0 $0
Robert Norvell (Commodore) $0 $0 $0
Richard Richardson (Vice Commodo) $0 $0 $0
Sue Slater (Treasurer) $0 $0 $0
Alex Hill (Fleet Captai) $0 $0 $0
John Robertson (Secretary) $0 $0 $0
Meghan Bright (Director) $0 $0 $0
Fred Parrulli (Director) $0 $0 $0
Bob Mccormick (Director) $0 $0 $0
Hillary Oswald (Director) $0 $0 $0
Mike Galvin (Director) $0 $0 $0
Harry Mcfarlin (Director) $0 $0 $0
Matt Woods (Rear Commodo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$545,408
Expenses
$483,760
Net Income
$61,648
Net Assets
$179,084
Notable Sources of Revenue Percent of Total Revenue
Contributions $291,300
53.4%
Program Services $262,952
48.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$9,058
Net Fundraising $0
Sales of Assets -$1,347
Net Inventory Sales $1,561
0.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $187,116
38.7%
Assets/Debt
Total Assets $837,827
Total Liabilities $658,743
Net Assets $179,084
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
George Paddick (Past Commodo) $0 $0 $0
Robert Norvell (Commodore) $0 $0 $0
Richard Richardson (Rear Commodo) $0 $0 $0
Sue Slater (Vice Commodo) $0 $0 $0
Alex Hill (Fleet Captai) $0 $0 $0
John Robertson (Secretary) $0 $0 $0
Tom Homberger (Director) $0 $0 $0
Fred Parrulli (Director) $0 $0 $0
Bob Mccormick (Director) $0 $0 $0
Anthony Oace (Treasurer) $0 $0 $0
Mike Galvin (Director) $0 $0 $0
Harry Mcfarlin (Director) $0 $0 $0
Matt Woods (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$542,743
Expenses
$481,689
Net Income
$61,054
Net Assets
$117,436
Notable Sources of Revenue Percent of Total Revenue
Contributions $300,002
55.3%
Program Services $253,646
46.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$6,408
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$4,497
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $183,058
38.0%
Assets/Debt
Total Assets $798,322
Total Liabilities $680,886
Net Assets $117,436
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
George Paddick (Commodore) $0 $0 $0
Robert Norvell (Vice Commodo) $0 $0 $0
Richard Richardson (Rear Commodo) $0 $0 $0
Ruchard Mulligan (Secretary) $0 $0 $0
Alex Hill (Treasurer) $0 $0 $0
John Robertson (Director) $0 $0 $0
Tom Homberger (Director) $0 $0 $0
Fred Parrulli (Director) $0 $0 $0
Bob Mccormick (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$409,621
Expenses
$429,469
Net Income
-$19,848
Net Assets
$56,382
Notable Sources of Revenue Percent of Total Revenue
Contributions $230,746
56.3%
Program Services $187,895
45.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$8,483
Net Fundraising $0
Sales of Assets -$1,340
Net Inventory Sales $803
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $163,428
38.1%
Assets/Debt
Total Assets $780,660
Total Liabilities $724,278
Net Assets $56,382
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Norvell (Director) $0 $0 $0
Lou Daniello Sr (Rear Commodo) $0 $0 $0
Eddie Singer (Treasurer) $0 $0 $0
Jonathan Embler (Director) $0 $0 $0
Alex Hill (Secretary) $0 $0 $0
Bob Mccormick (Director) $0 $0 $0
Tom Homberger (Director) $0 $0 $0
Sue Slater (Past Commodo) $0 $0 $0
Matt Woods (Commodore) $0 $0 $0
George Paddick (Vice Commodo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$366,738
Expenses
$354,546
Net Income
$12,192
Net Assets
$76,230
Notable Sources of Revenue Percent of Total Revenue
Contributions $207,479
56.6%
Program Services $172,341
47.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$13,028
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$54
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $130,810
36.9%
Assets/Debt
Total Assets $816,693
Total Liabilities $740,463
Net Assets $76,230
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Scott Roads (Fleet Captai) $0 $0 $0
Lou Daniello Sr (Rear Commodo) $0 $0 $0
Eddie Singer (Treasurer) $0 $0 $0
John Robertson (Director) $0 $0 $0
Alex Hill (Director) $0 $0 $0
Bob Mccormick (Director) $0 $0 $0
Matt Woods (Commodore) $0 $0 $0
Ruth Vryhof (Director) $0 $0 $0
Sue Slater (Past Commodo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$350,933
Expenses
$341,093
Net Income
$9,840
Net Assets
$64,038
Notable Sources of Revenue Percent of Total Revenue
Contributions $206,811
58.9%
Program Services $152,754
43.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$8,827
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $195
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $128,266
37.6%
Assets/Debt
Total Assets $827,205
Total Liabilities $763,167
Net Assets $64,038
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Scott Roads (Fleet Captai) $0 $0 $0
Lou Daniello Sr (Rear Commodo) $0 $0 $0
Charles Cairnes (Treasurer) $0 $0 $0
John Robertson (Secretary) $0 $0 $0
Joenid Embler (Director) $0 $0 $0
Joe Fields (Director) $0 $0 $0
Martyn Jessup (Director) $0 $0 $0
Matt Woods (Past Commodo) $0 $0 $0
Ruth Vryhof (Director) $0 $0 $0
Robert Valentine (Vice Commado) $0 $0 $0
Sue Slater (Commodore) $0 $0 $0
Isora Lopez (Director) $0 $0 $0
Tom Sheeran (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$311,947
Expenses
$315,093
Net Income
-$3,146
Net Assets
$54,198
Notable Sources of Revenue Percent of Total Revenue
Contributions $190,036
60.9%
Program Services $125,238
40.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$4,229
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $422
0.1%
Other Revenue $480
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $81,162
25.8%
Assets/Debt
Total Assets $820,770
Total Liabilities $766,572
Net Assets $54,198
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$317,187
Expenses
$334,463
Net Income
-$17,276
Net Assets
$57,344
Notable Sources of Revenue Percent of Total Revenue
Contributions $183,305
57.8%
Program Services $149,776
47.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$1,949
Net Fundraising $0
Sales of Assets -$7,684
Net Inventory Sales -$6,981
Other Revenue $720
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $77,286
23.1%
Assets/Debt
Total Assets $812,720
Total Liabilities $755,376
Net Assets $57,344
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About 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 information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include 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 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?

Every organization that has been recognized as tax exempt by the IRS has to file 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 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."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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

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

  • Raw filing data. Includes EINs 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. Bulk PDF downloads since 2017 are available from the IRS.
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  • 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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