FAST SAILING FOUNDATION INC
NEWPORT,
Rhode Island,
02840
EIN: 05-0616046
Recreation, Sports, Leisure, Athletics
DEMOGRAPHIC
ADDRESS
PO BOX 3404
02840
COUNTY
newport county, RI
IN CARE OF NAME
JOHN R GOWELL JR
ORGANIZATIONAL OVERVIEW & RANKINGS
FAST SAILING FOUNDATION INC is a based in NEWPORT, RI, focused on Recreation, Sports, Leisure, Athletics causes , specifically Swimming, Water Recreation. Established in May 2007, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $18,065.00, this ranks 660,913 among 2,656,690 nonprofits nationally (Top 25%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 3,102 out of 9,151 organizations in RI (Top 34%).
In newport county, RI, the organization ranks 318 out of 916 nonprofits by assets (Top 34%), while locally in newport, it stands at 144 among 341 organizations (Top 36%).
The organization reported annual revenue of $73,443.00, ranking 442,822 nationally (Top 17%) and 2,006 in RI (Top 22%).
Within its specific NTEE classification (N67 - N: Recreation, Sports, Leisure, Athletics), which includes 4,403 similar organizations, FAST SAILING FOUNDATION INC ranks 1,226 in assets (Top 28%) and 1,004 in revenue (Top 23%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2018 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
N: Recreation, Sports, Leisure, Athletics
NTEE CODE
N67: Swimming, Water Recreation
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Tuesday, May 15, 2018;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2014
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$73,443.00
FORM 990 REVENUE AMOUNT
$73,443.00
RULING DATE
05/2007
ASSET CODE
2: $10,000 to $24,999
ASSET AMOUNT
$18,065.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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