Operating record

Mark Sorensen Youth Sailing Programinc

Key Largo, FL · EIN 20-5228360 · files the short form (990-EZ), so reduced detail · latest public year 2024

YearMoney inMoney outResultReserve mo.Staffing
2020$59,932$51,772$8,1605.2
2021$87,054$65,265$21,7898.1
2022$122,767$107,474$15,2936.6
2023$126,603$144,542−$17,9393.4
2024$79,789$97,133−$17,3443.0

In its most recent public year (2024), this organization spent $17,344 more than it brought in. Its reserves stood at about 3 months of spending, down from 5.2 in 2020.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗