2022-05-06T13:32:05-07:00 2021-12-31 221975109 Koerner & Koerner PA 10 Allen Street Suite 3A Toms River NJ 08753 990EZ 2021-01-01 800079858 Sailing Foundation of Barnegat Bay Inc SAIL 7327798122 PO Box 1227 Island Heights NJ 08732 William Warner Treasurer 2022-04-29 true William Warner 999009999 James K Koerner P00018364 7322442323 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z X X www.sailingfoundationofbarnegatbay.org X X 51454 X 51229 225 0 0 0 0 51454 89726 450 2612 7109 99897 -48443 335699 287256 X 330830 287256 4869 335699 287256 335699 287256 The Foundation was formed for the purpose of preserving, protecting and advancing the traditions of recreational sailing. Its primary aim is to facilitate the education of youth sailing and promote the advancement of sailing sportsmanship and on water safety through the support of youth programs in the Barnegat Bay, NJ area. The Foundation will also seek to preserve historical structures, buildings and sailing vessels in the area. The Foundation supports junior sailing programs on the Toms River and Barnegat Bay. The Foundation gave grants to juniors who are not members of a yacht club to pay the tuition for the summer sailing program. Additionally the Foundation paid for the registration fees for juniors sailing in the Barnegat Bay Yacht Racing Assoc. regattas. 7957 The Foundation has assisted in the construction of a junior sailing center at Toms River Yacht Club. This two Story, with bathrooms will provide storage for 8 inflatable and "hard bottom" support/safety boats used in the junior sailing program at the club and for various junior, high school, college and senior regattas held at the club. Additionally, the second floor will provide class rooms and/or lecture hall for all to use. Toms River Yacht Club supports a junior sailing program for its members and non-member children for approximately 120 children. Additionally, Toms River Yacht Club supports a daily college and high school sailing programs for approximately (4) high schools and Ocean County College and regattas for 15 high schools and 15 colleges in the mid-atlantic area. The yacht club supports year round storage for approx. 30 sailboats used by the high schools and colleges and provides facilities for the daily practices and regattas. 49619 The Foundation promotes the advancement of water safety through the support of youth programs in the Barnegat Bay area. During the year the Foundation gave grants to various yacht clubs to repair, recondition and install propeller guards on the outboard motors for their patrol and safety boats used in the various junior sailing programs. 17255 In 2021 the Foundation ran two fund raising events. The First was a mailing out to interested individuals to solicit contributions. The second was the annual summer party and fundraiser. The funds raised from these events are not "assigned" to any particular grant. 6578 14895 6578 Bernadette Doyle Vice President 5.00 0 William Warner Treasurer 5.00 0 Nancy Dougherty Secretary 5.00 0 Lauren Plump Secretary 5.00 0 Lara Walsh President 5.00 0 false false false false false false false 0 0 0 false 0 0 false William Warner 51 Cranmoor Drive Toms River NJ 08753 7327798122 false false false false false false false false false false false NONE NONE true X 175736 194101 195519 376840 56098 998294 0 0 0 0 175736 194101 195519 376840 56098 998294 0 0 998294 211 451 2826 722 225 4435 0 211 451 2826 722 225 4435 0 0 175947 194552 198345 377562 56323 1002729 0.99560 0.99580 0.00440 0.00420 X Grants and Similar Amounts Paid In Excess of $5,000.1 | Cash Amount Given: $89726 Other Expenses.1012 Insurance $2132 Other Expenses.1 Catering Fees $2654 Other Expenses.3 Postage $1430 Other Expenses.4 NJ Charitable Registration $525 Other Expenses.5 Web Site $225 Other Expenses.7 Annual Report $82 Other Expenses.8 Bank Charges $61 Other Assets.1005 Accounts Receivable - Beginning $4869 Accounts Receivable - Ending $0 Part VI, line 11b Form 990 is prepared by the treasurer, a retired CPA. Copies are given out during an executive meeting and Form 990 is reviewed at the time the treasurer gives his year end treasurer's report. Part VI, line 19 These documents are available upon request. Part XII, Line 1 The Foundation normally uses a cash accounting method. During 2020 contributions given to the Foundation through PayPal in the amount of $4,869 were not forwarded to the Foundation in the 2020 calendar year, therefore the Foundation used the accrual method to record that amount as income in 2020.