SAILFUTURE INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
SAILFUTURE INC (EIN 46-3271817)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-05-08
IRS object ID
201701289349301085
Schema version
2015v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-08T11:27:11-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN591954606PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CAVANAUGH & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12381 FRUITVILLE ROADAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34237ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463271817EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SAILFUTURE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSAILBusinessNameControlTxt
Phone9412199847PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12900 68TH AVE SAddressLine1Txt
CityST PETERSBURGCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33712ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL LONGPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9412199847PhoneNum
Signature2017-05-04SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL R PENDERPreparerPersonNm
PTINP00850742PTIN
Phone9413662983PhoneNum
Preparation2017-05-04PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL LONGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12900 68TH AVENUE SOUTHAddressLine1Txt
CityST PETERSBURGCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33712ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$302,490GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SAILFUTURE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2013FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTO USE SAILING AS A TOOL TO BUILD LIFELONG RELATIONSHIPS BETWEEN TROUBLED TEENS WHO ARE TRANSITIONING BACK INTO SOCIETY AND CONNECT THEM WITH PASSIONATE MENTORS WHO WILL ACT AS ROLE MODELS DURING THEIR JOURNEY.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers40TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$446,103PYContributionsGrantsAmt
CY Contributions Grants$302,490CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$446,103PYTotalRevenueAmt
CY Total Revenue$302,490CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$175CYTotalFundraisingExpenseAmt
PY Other Expenses$88,675PYOtherExpensesAmt
CY Other Expenses$310,938CYOtherExpensesAmt
PY Total Expenses$88,675PYTotalExpensesAmt
CY Total Expenses$310,938CYTotalExpensesAmt
PY Revenues Less Expenses$357,428PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$8,448CYRevenuesLessExpensesAmt
Total Assets BOY$519,774TotalAssetsBOYAmt
Total Assets EOY$1,252,428TotalAssetsEOYAmt
Total Liabilities BOY$129,046TotalLiabilitiesBOYAmt
Total Liabilities EOY$870,148TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$390,728NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$382,280NetAssetsOrFundBalancesEOYAmt
MissionTO USE SAILING AS A TOOL TO BUILD LIFELONG RELATIONSHIPS BETWEEN TROUBLED TEENS WHO ARE TRANSITIONING BACK INTO SOCIETY AND CONNECT THEM WITH PASSIONATE MENTORS WHO WILL ACT AS ROLE MODELS DURING THEIR JOURNEY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$278,514ExpenseAmt
DescPARTNERED WITH FIVE STATE JUVENILE JUSTICE AGENCIES TO LEAD SAILING-BASED INTERVENTION PROGRAMS WITH HIGH-RISK JUVENILE OFFENDERS FROM FLORIDA, MASSACHUSETTS, ARIZONA, SOUTH DAKOTA, AND CALIFORNIA.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$21,428ExpenseAmt
DescOFFERED HANDS-ON VOCATIONAL TRAINING TO YOUTH WHO ASSISTED IN A 12,000 MILE DELIVERY OF NEW PROGRAM VESSEL, DEFY THE ODDS, TO THE ORGANIZATION'S HOME BASE IN ST. PETERSBURG, FLORIDA.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$2,000ExpenseAmt
DescLED AN INNOVATIVE MENTORING PROGRAM FOR LOW-PERFORMING AND AT-RISK HIGH SCHOOL STUDENTS. UNDERPRIVILEGED AND MINORITY TEENS ARE TAUGHT HOW TO SAIL WITH A MENTOR IN ORDER TO DEVELOP CORE VALUES THAT WILL ENCOURAGE AND FOSTER A MORE PRODUCTIVE LIFE.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$301,942TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMICHAEL LONGPersonNm
Phone9412199847PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12900 68TH AVE SAddressLine1Txt
CityST PETERSBURGCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33712ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MICHAEL LONG
PRESIDENT25.00Yes (X)$0$0$0
MICHAEL R PENDER JR
SECRETARY-TREASURER1.00Yes (X)$0$0$0
ANDREW L GOULD
VICE PRESIDENT1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$302,490AllOtherContributionsAmt
Total Contributions$302,490TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$302,490TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,264TotalAmt
Management And General$4,264ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$175TotalAmt
Fundraising$175FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,192TotalAmt
Program Services$4,927ProgramServicesAmt
Management And General$265ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,837TotalAmt
Program Services$4,053ProgramServicesAmt
Management And General$1,784ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,328TotalAmt
Program Services$3,697ProgramServicesAmt
Management And General-$369ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$18,671TotalAmt
Program Services$18,671ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,870TotalAmt
Program Services$641ProgramServicesAmt
Management And General$1,229ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,806TotalAmt
Program Services$3,806ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$49,366TotalAmt
Program Services$49,366ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
SAIL FOR JUSTICE$179,004$179,004
VESSEL VOCATIONAL TRAIN$21,428$21,428
FOOD FOR PROGRAM SERVIC$7,471$7,471
PROGRAM SUPPLIES$3,153$3,153

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$7,373TotalAmt
Program Services$5,725ProgramServicesAmt
Management And General$1,648ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$310,938TotalAmt
Program Services$301,942ProgramServicesAmt
Management And General$8,821ManagementAndGeneralAmt
Fundraising$175FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$54,118BOYAmt
EOY$73,782EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,247,556LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$68,910LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$465,656BOYAmt
EOY$1,178,646EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$519,774BOYAmt
EOY$1,252,428EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,171BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$126,875BOYAmt
EOY$870,148EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$129,046BOYAmt
EOY$870,148EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$390,728BOYAmt
EOY$382,280EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$390,728BOYAmt
EOY$382,280EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$519,774BOYAmt
EOY$1,252,428EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$8,448ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$44,783CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$451,103CurrentTaxYearMinus1YearAmt
Current Tax Year$302,490CurrentTaxYearAmt
Total$798,376TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$44,783CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$451,103CurrentTaxYearMinus1YearAmt
Current Tax Year$302,490CurrentTaxYearAmt
Total$798,376TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$798,376PublicSupportTotal170Amt
Total Support$798,376TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$553,513OtherCostOrOtherBasisAmt
Book Value$553,513BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$188,987OtherCostOrOtherBasisAmt
Depreciation$404DepreciationAmt
Book Value$188,583BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$505,056OtherCostOrOtherBasisAmt
Depreciation$68,506DepreciationAmt
Book Value$436,550BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,178,646TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
ACTION LABS LOAN$125,000
NOTE PAYABLE$739,467
ACTION LABS - ACCRUED INTEREST$5,681
FieldValueIRS element (for citing)
Total Liability$870,148TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11THE FORM 990 IS REVIEWED BY THE TREASURER AND PRESIDENT PRIOR TO SIGNING AND FILING.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS ARE REMINDED AT REGULAR MEETINGS TO BE AWARE OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND TO DISCLOSE ANY INTERESTS THAT MIGHT GIVE RISE TO CONFLICTS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCICAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST BY EMAILING INFO@SAILFUTURE.ORG.

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