The Downtown Sailing Center Inc

EIN: 521867434 501(c)(3) Recreation & Sports

Baltimore, MD

Total Revenue
$1,374,491
Total Expenses
$1,061,144
Total Assets
$1,283,885
Net Assets
$536,456
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MD
Principal Officer
Sharon Lacy
Phone
4107270722
Tax Period
2023-12-01 to 2024-11-30

The Downtown Sailing Center Inc, founded in 1994, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $313K, a strong 23% operating margin.

Mission

The Downtown Sailing Center provides quality life enriching programs that promote self-esteem and teamwork through the joy of sailing. The Downtown Sailing Center is committed to promoting an environment of inclusiveness and accessibility, especially to youth, persons with disabilities, and those with limited opportunity.

Program Service Accomplishments

Program 1
Expenses: $208,717 Revenue: $245,959

Membership- Our membership, which includes our cadre of "volunteer level" members, is the foundation for our Downtown Sailing Community. We are a community of individuals from as far away as...

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Membership- Our membership, which includes our cadre of "volunteer level" members, is the foundation for our Downtown Sailing Community. We are a community of individuals from as far away as Pennsylvania and Washington, DC. Our members are college students and retirees; professionals and blue collar workers; from all walks of life, economic classes, ethnicities, and religious affiliations. Most came to the DSC to learn how to sail or to volunteer in our programs for persons with disabilities. Our members are our greatest volunteers; and many have been contributing to the DSC for years.

Program 2
Expenses: $172,199 Revenue: $225,104

Junior Camp and Adult Education- The Downtown Sailing Center (DSC) began offering youth sailing programs in 1990 to make sailing available and convenient to all Baltimore-area children. Sailing is an...

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Junior Camp and Adult Education- The Downtown Sailing Center (DSC) began offering youth sailing programs in 1990 to make sailing available and convenient to all Baltimore-area children. Sailing is an exhilarating way for children to develop teamwork skills, improve concentration, and become more self-confident. The Downtown Sailing Center is an accredited US Sailing school that provides courses for all experience levels. Our unified curriculum lets every student reach their full potential by developing skills in a logical progression while offering tailored instruction for every member of our community.

Program 3
Expenses: $247,524 Revenue: $108,374

Community Outreach-The Downtown Sailing Center (DSC) is committed to providing opportunities to sail for everyone, regardless of race, ability, or economic status. We believe that sailing can change...

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Community Outreach-The Downtown Sailing Center (DSC) is committed to providing opportunities to sail for everyone, regardless of race, ability, or economic status. We believe that sailing can change lives. We also believe that lives can change sailing. The DSC's targeted outreach programs strive to break down all barriers to participation, giving the community equal access to the water and providing us with a more diverse community of sailors.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $774,752
Program Service Revenue $579,437
Investment Income $22,544
Other Revenue $-2,242
TOTAL REVENUE $1,374,491

Expense Breakdown

Grants Paid $0
Salaries & Benefits $505,998
Fundraising Expenses $109,672
Program Expenses $628,440
Other Expenses $555,146
TOTAL EXPENSES $1,061,144

Year-over-Year Comparison

2023 2022 Change
Revenue $1,374,491 $824,459 +0.7%
Expenses $1,061,144 $956,577 +0.1%
Net Income $313,347 $-132,118 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
64
Volunteers
165

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Eppler Secretary 5.00
Officer Director
$0 $0 $0
Lynn Handy Treasurer 5.00
Officer Director
$0 $0 $0
Kaitlyn Lucey Member-at-large 5.00
Director
$0 $0 $0
Mike McNamara Member-at-large 5.00
Director
$0 $0 $0
Princess Hester Member-at-large 5.00
Director
$0 $0 $0
Jean Holcombe Member-at-large 5.00
Director
$0 $0 $0
Douglas Silber Executive Director 40.00
Director
$0 $0 $0
Charles Emrich Member-at-large 5.00
Director
$0 $0 $0
David Marrow Member-at-large 5.00
Director
$0 $0 $0
Michael Campbell Member-at-large 5.00
Director
$0 $0 $0
Steve Smith Member-at-large 5.00
Director
$0 $0 $0
Terrence Davis Member-at-large 5.00
Director
$0 $0 $0
Hannah Dickmyer Member-at-large 5.00
Director
$0 $0 $0
Marty Fetsch President 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,374,491 $1,061,144 $1,283,885 $313,347
2023 $824,459 $956,577 $913,024 $-132,118
2022 $715,888 $779,084 $964,360 $-63,196
2021 $743,973 $742,486 $677,701 $1,487
2020 $674,168 $673,257 $771,349 $911
2019 $608,417 $631,746 $530,971 $-23,329
2018 $733,415 $765,306 $555,002 $-31,891
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