2021-09-10T14:24:25-05:00 2020-12-31 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2020-01-01 042987534 COURAGEOUS SAILING CENTER FOR YOUTH INC COUR 6172423821 ONE FIRST AVENUE CHARLESTOWN MA 02129 DAVID ALEXANDER BOARD PRESIDENT 6172423821 2021-09-09 1 DAVID ALEXANDER 999009999 KEVIN J CARNES P00302660 6174711120 2021-09-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID ALEXANDER ONE FIRST AVENUE CHARLESTOWN MA 02129 1104816 0 X COURAGEOUSSAILING.ORG X 1987 MA INSTRUCTIONAL SAILING PROGRAM. 24 24 103 100 0 0 994788 834615 702772 260146 -38597 -42911 129625 2180 1788588 1054030 0 0 0 0 1173148 894371 0 0 156978 506155 415767 1679303 1310138 109285 -256108 1000256 1200793 333275 789920 666981 410873 THE MISSION OF COURAGEOUS SAILING IS TO TRANSFORM CHILDREN'S LIVES THROUGH SAILING PROGRAMS THAT INSPIRE LEARNING, PERSONAL GROWTH, AND LEADERSHIP. 0 0 605944 50575 YOUTH SAILING; PROGRAMS ARE DESIGNED TO SUPPORT POSITIVE LIFE AND JOB SKILLS, AND PROVIDE OPPORTUNITIES NOT OTHERWISE AVAILABLE FOR UNDERSERVED, URBAN YOUTH. WITH BOSTON PUBLIC SCHOOLS AND OTHER PARTNERS, COURAGEOUS SAILING CENTER FOR YOUTH BLENDS SAILING, SWIMMING AND ACADEMICS DESIGNED TO SUPPORT OUT-OF-SCHOOL-TIME LEARNING. PROGRAMS INCLUDE ENVIRONMENTAL/MARINE SCIENCE CURRICULUM AND INSTRUCTOR TRAINING/PROFESSIONAL DEVELOPMENT. 423470 209571 PROVIDES ADULTS AND FAMILIES WITH AFFORDABLE, DAY SAILING, SAILING INSTRUCTION AND RACING ON BOSTON HARBOR. REVENUE FROM ADULT PROGRAMS SUPPORTS PROVIDES FINANCIAL SUPPORT FOR YOUTH PROGRAMS. 1029414 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 1 103 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X CARLOS DURAND TREASURER 6172423821 ONE FIRST AVENUE CHARLESTOWN MA 02129 DAVE ALEXANDER PRESIDENT 2.00 X X 0 0 0 BARBARA VIETOR VICE PRESIDENT 2.00 X X 0 0 0 DEAN DRUMMOND FORMER TREASURER 2.00 X X 0 0 0 STEWART SOLOMON CLERK 2.00 X X 0 0 0 SIMON COLLEY DIRECTOR 0.50 X 0 0 0 KEVIN CAIN DIRECTOR 0.50 X 0 0 0 MOLLY LADD DIRECTOR 0.50 X 0 0 0 DENISE DOYLE DIRECTOR 0.50 X 0 0 0 WILLIAM DUNNING DIRECTOR 0.50 X 0 0 0 MICHAEL SILVIA DIRECTOR 0.50 X 0 0 0 CHARLES BERKELEY DIRECTOR 0.50 X 0 0 0 STEPHEN ULIAN DIRECTOR 0.50 X 0 0 0 EANNE CASNER DIRECTOR 0.50 X 0 0 0 CHRIS DUBOIS DIRECTOR 0.50 X 0 0 0 JOSH HEAPES DIRECTOR 0.50 X 0 0 0 GREGG NOURJIAN DIRECTOR 0.50 X 0 0 0 MICHAEL FALKSON DIRECTOR 0.50 X 0 0 0 ZACH MITCHELL DIRECTOR 0.50 X 0 0 0 ALISON SIMONS DIRECTOR 5.00 X 0 0 0 NED BICKS DIRECTOR 0.50 X 0 0 0 LADD THORNE SR DIRECTOR 0.50 X 0 0 0 RICHARD TUMBAN DIRECTOR 0.50 X 0 0 0 JILLIAN WOODS DIRECTOR 0.50 X 0 0 0 MARJORY BRAVARD DIRECTOR 0.50 X 0 0 0 DAVID DILORENZO EXECUTIVE DIRECTOR 40.00 X 109846 0 15445 109846 0 15445 1 0 0 0 0 26875 10000 797740 30000 834615 SAILING PROGRAMS 713990 260146 260146 260146 5555 1000 5555 43911 0 -42911 -42911 -42911 3500 26875 1320 2180 2180 1054030 260146 0 -40731 125291 106811 7818 10662 698278 576132 52872 69274 70802 59590 4934 6278 50577 35728 10127 4722 39500 5874 8662 24964 6992 5720 102 1170 6292 4587 830 875 12826 5746 4736 2344 4293 4293 72718 59225 7884 5609 53478 45832 3306 4340 REPAIRS 70641 68926 824 891 PROGRAMMING 31018 30979 39 0 BAD DEBT 28767 5969 5798 17000 BANK FEES 14590 0 12886 1704 24075 14002 2928 7145 1310138 1029414 123746 156978 229468 505163 310207 289874 46046 15882 23808 36845 1099962 746933 390727 353029 1000256 1200793 59313 78144 123962 82391 150000 150000 0 479385 333275 789920 X 356773 96148 310208 314725 666981 410873 1000256 1200793 -256108 0 X X 0 1 X 1 0 X 485697 777406 611027 994788 834615 3703533 485697 777406 611027 994788 834615 3703533 3703533 681 236 1652 36 0 2605 3706138 0.99930 0.99910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 153651 57691 95960 946311 689242 257069 353029 PAYCHECK PROTECTION PROGRAM LOAN 479385 479385 X 1094132 38781 1320 40101 1054031 0 1054031 1350239 38781 1320 40101 1310138 0 1310138 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES, THE STATUE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE ORGANIZATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 1,320. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 1,320. FLIP FLOP REGATTA 6900 3400 3500 307 3 23475 23475 1013 30375 26875 3500 1320 1320 2180 X 1 30000 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS AND AUDIT COMMITTEE RECEIVE A COPY OF FORM 990 PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C PERSONS COVERED BY THE CONFLICT OF INTEREST POLICY WILL ANNUALLY DISCLOSE OR UPDATE THE PRESIDENT OF THE BOARD OF DIRECTORS ON A FORM PROVIDED BY COURAGEOUS SAILING CENTER FOR YOUTH,INC. THIS FORM CONSISTS OF SEVERAL QUESTIONS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. THE FORM IS SIGNED BY THE COVERED INDIVIDUAL TO CONFIRM THAT THEIR RESPONSES ARE COMPLETE AND CORRECT TO THE BEST OF THEIR KNOWLEDGE. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE COMMITTEE OF THE BOARD SHALL REVIEW AND APPROVE THE COMPENSATION POLICIES AND PROGRAMS OF PRINCIPAL ADMINISTRATORS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE BOARD OF DIRECTORS HAVE ASSUMED RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.