Royal Palm Sailing Club Inc

Resilience, Respect, Responsibility

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

GuideStar Charity Check

EIN: 59-2635134

Contributions tax deductible
as of May 2023

IRS BMF 509(a)(1)
as of May 08, 2023

View summary

Charity Check report

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

Show Forms 990

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

External reviews

Financials

Royal Palm Sailing Club Inc

Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

41.95

Average of 7.08 over 10 years

Months of cash in 2022

SOURCE: IRS Form 990

10.4

Average of 2.6 over 10 years

Fringe rate in 2022

SOURCE: IRS Form 990

8%

Average of 1% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

Royal Palm Sailing Club Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$251,835
Program Services	$41,845
Investments	$22
Special Events	$35,237
Sales	$0
Other	$10,810
Total Revenue	$339,749

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$44,140
Occupancy	$14,078
Printing, Publications, Postage, etc.	$1,896
Other Expenses	$46,965
Total Expenses	$107,079
Net Gain/Loss	$232,670

Revenue
Contributions	$0
Government Grants	$0
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$0

Expenses
Program Services	$0
Administration	$0
Fundraising	$0
Total Expenses	$0
Net Gain/Loss	$0

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$91,560
Government Grants	$65,785
Program Services	$59,222
Investments	$10
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$216,577

Expenses
Program Services	$122,500
Administration	$109,255
Fundraising	$9,730
Total Expenses	$241,485
Net Gain/Loss	($24,908)

Functional expenses
Accounting Fees	$2,510
Advertising & Promotion	$2,215
Information Technology Expenses	$0
Insurance Expenses	$4,938
Interest Expenses	$2,007
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$143,692
Government Grants	$12,330
Program Services	$36,534
Investments	$3
Special Events	$23,444
Sales	$0
Other	$0
Total Revenue	$216,003

Expenses
Program Services	$189,437
Administration	$0
Fundraising	$13,675
Total Expenses	$203,112
Net Gain/Loss	$12,891

Functional expenses
Accounting Fees	$2,440
Advertising & Promotion	$2,633
Information Technology Expenses	$0
Insurance Expenses	$1,537
Interest Expenses	$3,004
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$194,785
Government Grants	$42,336
Program Services	$42,220
Investments	$16
Special Events	$13,620
Sales	$0
Other	$0
Total Revenue	$292,977

Expenses
Program Services	$242,930
Administration	$0
Fundraising	$0
Total Expenses	$242,930
Net Gain/Loss	$50,047

Functional expenses
Accounting Fees	$3,350
Advertising & Promotion	$2,074
Information Technology Expenses	$0
Insurance Expenses	$4,351
Interest Expenses	$2,035
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$71,279
Government Grants	$18,440
Program Services	$52,447
Investments	$9
Special Events	$38,510
Sales	$0
Other	$0
Total Revenue	$180,685

Expenses
Program Services	$194,031
Administration	$0
Fundraising	$0
Total Expenses	$194,031
Net Gain/Loss	($13,346)

Functional expenses
Accounting Fees	$2,790
Advertising & Promotion	$1,190
Information Technology Expenses	$0
Insurance Expenses	$2,759
Interest Expenses	$59
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$91,694
Government Grants	$63,501
Program Services	$71,100
Investments	$10
Special Events	$16,646
Sales	$0
Other	$0
Total Revenue	$242,951

Expenses
Program Services	$218,913
Administration	$0
Fundraising	$0
Total Expenses	$218,913
Net Gain/Loss	$24,038

Functional expenses
Accounting Fees	$2,450
Advertising & Promotion	$1,838
Information Technology Expenses	$0
Insurance Expenses	$4,172
Interest Expenses	$2,467
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$111,992
Government Grants	$10,400
Program Services	$31,547
Investments	$4
Special Events	$1,370
Sales	$0
Other	$0
Total Revenue	$155,313

Expenses
Program Services	$164,611
Administration	$0
Fundraising	$0
Total Expenses	$164,611
Net Gain/Loss	($9,298)

Functional expenses
Accounting Fees	$2,530
Advertising & Promotion	$2,114
Information Technology Expenses	$0
Insurance Expenses	$2,642
Interest Expenses	$1,892
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$124,178
Government Grants	$18,814
Program Services	$23,833
Investments	$6
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$166,831

Expenses
Program Services	$149,364
Administration	$0
Fundraising	$0
Total Expenses	$149,364
Net Gain/Loss	$17,467

Functional expenses
Accounting Fees	$3,480
Advertising & Promotion	$437
Information Technology Expenses	$0
Insurance Expenses	$4,096
Interest Expenses	$29
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$147,713
Government Grants	$0
Program Services	$22,758
Investments	$329
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$170,800

Expenses
Program Services	$178,735
Administration	$0
Fundraising	$0
Total Expenses	$178,735
Net Gain/Loss	($7,935)

Functional expenses
Accounting Fees	$3,210
Advertising & Promotion	$2,179
Information Technology Expenses	$0
Insurance Expenses	$4,158
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$250,352
Government Grants	$0
Program Services	$9,466
Investments	$1,341
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$261,159

Expenses
Program Services	$258,392
Administration	$0
Fundraising	$0
Total Expenses	$258,392
Net Gain/Loss	$2,767

Functional expenses
Accounting Fees	$1,580
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$5,469
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$184,069
Government Grants	$0
Program Services	$57,565
Investments	$16,576
Special Events	$0
Sales	$0
Other	$1,050
Total Revenue	$259,260

Expenses
Program Services	$249,005
Administration	$7,949
Fundraising	$0
Total Expenses	$256,954
Net Gain/Loss	$2,306

Functional expenses
Accounting Fees	$1,650
Advertising & Promotion	$1,899
Information Technology Expenses	$0
Insurance Expenses	$4,176
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$236,139
Government Grants	$0
Program Services	$58,219
Investments	$63,016
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$357,374

Expenses
Program Services	$247,387
Administration	$31,901
Fundraising	$500
Total Expenses	$279,788
Net Gain/Loss	$77,586

Functional expenses
Accounting Fees	$1,550
Advertising & Promotion	$536
Information Technology Expenses	$0
Insurance Expenses	$4,566
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$50
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Royal Palm Sailing Club Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

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: Download Data

Assets	Jan 01, 2008	Dec 31, 2008	Change
Contributions	$251,835
Cash & Equivalents	$35,605	$8,305	($27,300)
Fixed Assets (LBE - Depreciation)	$591,655	$960,925	$369,270
Other	$0	$0	$0
Total Assets	$627,260	$969,230	$341,970

Liabilities	Jan 01, 2008	Dec 31, 2008	Change
Total Liabilities	$30,700	$140,000	$109,300

Fund balance	Jan 01, 2008	Dec 31, 2008	Change
Net Assets	$596,560	$829,230	$232,670

Assets	Jan 01, 2011	Dec 31, 2011	Change
Contributions	$0
Cash & Equivalents	$24,920	$1,759	($23,161)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$981,022	$944,786	($36,236)
Other	$0	$0	$0
Total Assets	$1,005,942	$946,545	($59,397)

Liabilities	Jan 01, 2011	Dec 31, 2011	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$49,792	$53,525	$3,733
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$49,792	$53,525	$3,733

Fund balance	Jan 01, 2011	Dec 31, 2011	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$956,150	$893,020	($63,130)
Net Assets	$956,150	$893,020	($63,130)

Assets	Jan 01, 2012	Dec 31, 2012	Change
Contributions	$91,560
Cash & Equivalents	$1,759	$10,248	$8,489
Accounts Receivable	$0	$22,698	$22,698
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$944,786	$963,335	$18,549
Other	$0	$0	$0
Total Assets	$946,545	$996,281	$49,736

Liabilities	Jan 01, 2012	Dec 31, 2012	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$53,525	$91,933	$38,408
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$53,525	$91,933	$38,408

Fund balance	Jan 01, 2012	Dec 31, 2012	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$893,020	$904,348	$11,328
Net Assets	$893,020	$904,348	$11,328

Assets	Jan 01, 2013	Dec 31, 2013	Change
Contributions	$143,692
Cash & Equivalents	$10,248	$2,211	($8,037)
Accounts Receivable	$22,698	$0	($22,698)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$963,335	$994,728	$31,393
Other	$0	$0	$0
Total Assets	$996,281	$996,939	$658

Liabilities	Jan 01, 2013	Dec 31, 2013	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$91,933	$79,700	($12,233)
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$91,933	$79,700	($12,233)

Fund balance	Jan 01, 2013	Dec 31, 2013	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$904,348	$917,239	$12,891
Net Assets	$904,348	$917,239	$12,891

Royal Palm Sailing Club Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

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

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	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
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
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)	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	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	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	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

Show data for fiscal year

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.

Organizational demographics

SOURCE: Self-reported; last updated 5/1/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

No data

The organization's co-leader identifies as:

No data

Race & ethnicity

No data

Gender identity

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 05/17/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data

We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.

Policies and processes

We have community representation at the board level, either on the board itself or through a community advisory board.
We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending

There are no fundraisers recorded for this organization.

Royal Palm Sailing Club Inc

Resilience, Respect, Responsibility

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

Our programs

Learn to Sail

Where we work

Awards

Affiliations & memberships

Financials

Revenue vs. expenses: breakdown

Liquidity in 2022 info

41.95

Months of cash in 2022 info

10.4

Fringe rate in 2022 info

8%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Royal Palm Sailing Club Inc

Royal Palm Sailing Club Inc

Royal Palm Sailing Club Inc

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Ross Webb

Program Director

Elizabeth Reynolds

Number of employees

Royal Palm Sailing Club Inc

Compensation data

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Equity strategies

Contractors

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities