SILVER2023

Royal Palm Sailing Club Inc

Resilience, Respect, Responsibility

aka Edison Sailing Center   |   Fort Myers, FL   |  www.edisonsailingcenter.org
GuideStar Charity Check

Royal Palm Sailing Club Inc

EIN: 59-2635134


Mission

The Mission of the sailing center is to build resilience, responsibility and respect through safe boating education.

Ruling year info

1986

Executive Director

Ross Webb

Program Director

Elizabeth Reynolds

Main address

1420 Del Rio Dr

Fort Myers, FL 33901-5908 USA

Show more contact info

EIN

59-2635134

Subject area info

Education

Environment

Community recreation

Sports

Population served info

Children and youth

Ethnic and racial groups

At-risk youth

NTEE code info

Amateur Sports Clubs, Leagues, N.E.C. (N60)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The Edison Sailing Center continues to address the need of providing safe, affordable after school, school year and summer recreational outlets for youth. Sailing is more than "boating" - through sailing students gain independence, develop problem-solving skills & critical thinking, apply math & science principles, build resilience, and learn skills that can lead to future jobs/employment.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Learn to Sail

Students are introduced to the rudiments of sailing through hands-on learning and application of basic skills. Students learn how to rig their own boat, how to safely handle the boat on land and in the water, how to maneuver around a designated course, and how to apply cues from the environment to sail the boat.

Population(s) Served
Children and youth
Ethnic and racial groups
At-risk youth

Where we work

Awards

Outstanding Community Sailing Program 2011

US Sailing

Affiliations & memberships

US Sailing Association 1995

Financials

Royal Palm Sailing Club Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

41.95

Average of 7.08 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

10.4

Average of 2.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

8%

Average of 1% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Royal Palm Sailing Club Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Royal Palm Sailing Club Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Royal Palm Sailing Club Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Royal Palm Sailing Club Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $17,467 -$7,935 -$7,509 -$33,179 $77,986
As % of expenses 11.7% -4.4% -2.9% -12.9% 27.9%
Unrestricted surplus (deficit) after depreciation $17,467 -$7,935 -$7,509 -$33,179 $77,986
As % of expenses 11.7% -4.4% -2.9% -12.9% 27.9%
Revenue composition info
Total revenue (unrestricted & restricted) $166,831 $170,800 $261,159 $259,260 $357,374
Total revenue, % change over prior year 7.4% 2.4% 52.9% -0.7% 37.8%
Program services revenue 14.3% 13.3% 3.6% 22.2% 16.3%
Membership dues 11.1% 8.7% 8.0% 2.8% 1.2%
Investment income 0.0% 0.2% 0.5% 1.8% -2.8%
Government grants 11.3% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 63.4% 77.7% 87.9% 68.2% 64.9%
Other revenue 0.0% 0.0% 0.0% 5.0% 20.4%
Expense composition info
Total expenses before depreciation $149,364 $178,735 $258,392 $256,954 $279,788
Total expenses, % change over prior year -9.3% 19.7% 44.6% -0.6% 8.9%
Personnel 0.0% 0.0% 0.0% 0.0% 22.5%
Professional fees 24.4% 24.3% 13.6% 16.8% 6.8%
Occupancy 2.5% 6.8% 2.1% 3.1% 3.6%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 73.0% 68.9% 84.3% 80.1% 67.2%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $149,364 $178,735 $258,392 $256,954 $279,788
One month of savings $12,447 $14,895 $21,533 $21,413 $23,316
Debt principal payment $20,000 $0 $0 $4,244 $4,245
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $181,811 $193,630 $279,925 $282,611 $307,349

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 1.1 0.8 6.8 4.5 10.4
Months of cash and investments 1.1 0.8 6.8 9.9 15.3
Months of estimated liquid unrestricted net assets 1.1 0.5 6.2 6.9 12.9
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $13,237 $12,026 $146,755 $96,297 $241,806
Investments $0 $0 $0 $115,741 $115,529
Receivables $0 $4,000 $0 $0 $0
Gross land, buildings, equipment (LBE) $972,910 $970,660 $827,805 $780,073 $709,300
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 1.8% 1.3% 0.9% 0.5%
Unrestricted net assets $986,147 $978,212 $961,490 $928,311 $1,006,297
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $19,489 $54,974 $54,574
Total net assets $986,147 $978,212 $980,979 $983,285 $1,060,871

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director

Ross Webb

Program Director

Elizabeth Reynolds

Number of employees

Source: IRS Form 990

Royal Palm Sailing Club Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

This organization has no recorded board members.

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.