Nonprofit · EIN 05-0466395
SAIL AMERICA INC
Tax-exempt · WARREN, RI 02885
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $65,994 | $79,543 | -$13,549 | $63,806 | $5,844 | $57,962 |
| June 30, 2024 | 990 | $82,171 | $89,483 | -$7,312 | $82,081 | $11,880 | $70,201 |
| June 30, 2022 | 990 | $69,529 | $108,518 | -$38,989 | $91,262 | $4,536 | $86,726 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $35,100
- Membership dues
- $35,100
- Program service revenue
- $29,210
- Investment income
- $1,684
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,950
- Occupancy
- $565
- Travel
- $1,469
- Program services (functional)
- $79,543
Balance sheet and other
- Total assets, start of year
- $82,081
- Total assets, end of year
- $63,806
- Total liabilities, end of year
- $5,844
- Net assets, end of year
- $57,962
- Net assets without donor restrictions
- $57,962
- Gross receipts
- $65,994
- Employees
- 0
- Year formed
- 1992
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM COVE | PRESIDENT Trustee or director, Officer | 5 | $0 |
| TODD HESS | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| CINDY KALOW | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| DAN KRIER | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| RANDALL CARNAHAN | TREASURER/SE Trustee or director, Officer | 2 | $0 |
| KEVIN CARLAN | PAST PRESIDE Trustee or director, Officer | 2 | $0 |
| ANDREW CLOUSTON | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS DIX | DIRECTOR Trustee or director | 1 | $0 |
| TYLER FIELDS | DIRECTOR Trustee or director | 1 | $0 |
| CATHERINE GUIADER | DIRECTOR Trustee or director | 1 | $0 |
| OAKLEY JONES | DIRECTOR Trustee or director | 1 | $0 |
| KELLY KAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| ROMAN MANNING | DIRECTOR Trustee or director | 1 | $0 |
| RON MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| JOSH TOSO | DIRECTOR Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BO WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN CARLAN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ADAM COVE | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| TODD HESS | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| CINDY KALOW | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| TED WINSTON | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| JOSIE TUCCI | PAST PRESIDE Trustee or director, Officer | 2 | $0 |
| RANDALL CARNAHAN | DIRECTOR Trustee or director | 1 | $0 |
| TYLER FIELDS | DIRECTOR Trustee or director | 1 | $0 |
| TIM FINKLE | DIRECTOR Trustee or director | 1 | $0 |
| DAN KRIER | DIRECTOR Trustee or director | 1 | $0 |
| BETH OLIVER | DIRECTOR Trustee or director | 1 | $0 |
| FREYA OLSEN | DIRECTOR Trustee or director | 1 | $0 |
| DON SMITH | DIRECTOR Trustee or director | 1 | $0 |
| PARKER STAIR | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK TURNER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2022: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSIE TUCCI | PRESIDENT Trustee or director, Officer | – | $0 |
| KEVIN CARLAN | VICE CHAIR Trustee or director, Officer | – | $0 |
| MARGRIET MITCHELL | VICE CHAIR Trustee or director, Officer | – | $0 |
| PETER TROGDON | VICE CHAIR Trustee or director, Officer | – | $0 |
| TED WINSTON | VICE CHAIR Trustee or director, Officer | – | $0 |
| MARK PILLSBURY | PAST PRESIDE Trustee or director, Officer | – | $0 |
| ADAM COVE | DIRECTOR Trustee or director | – | $0 |
| CHARLIE SAVILLE | DIRECTOR Trustee or director | – | $0 |
| TIM FINKLE | DIRECTOR Trustee or director | – | $0 |
| TODD HESS | DIRECTOR Trustee or director | – | $0 |
| CINDY KALOW | DIRECTOR Trustee or director | – | $0 |
| TYLER FIELDS | DIRECTOR Trustee or director | – | $0 |
| FREYA OLSEN | DIRECTOR Trustee or director | – | $0 |
| DON SMITH | DIRECTOR Trustee or director | – | $0 |
| LENNY SHABES | DIRECTOR Trustee or director | – | $0 |
| JOSH TOSO | DIRECTOR Trustee or director | – | $0 |
| PATRICK TURNER | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 50 WATER ST, WARREN, RI 02885-3034
- Principal officer (990 for 2024)
- ADAM COVE, 50 WATER STREET, WARREN, RI 02885
- Signed the 990
- ADAM COVE, PRESIDENT
- Phone
- (401) 289-2540
- Website
- WWW.SAILAMERICA.COM
- Return prepared by
- FARMER FIRST & VINING PC CPA'S
Mission
PROMOTE THE HEALTH AND GROWTH OF THE SAILING INDUSTRY THROUGHOUT THE USA.
Program accomplishments
- PRODUCES AND ENDORSES FOUR MAJOR SAILING EXPOSITIONS TO PROMOTE THE GROWTH OF THE SAILING INDUSTRY.
- PROMOTION TO INCREASE PARTICIPATION IN SAILING AND SALES OF RELATED PRODUCTS AND SERVICES.
- PRODUCES AND ENDORSES FOUR MAJOR SAILING EXPOSITIONS TO PROMOTE THE GROWTH OF THE SAILING IDUSTRY
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0466395
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $63,806
- Income (IRS master file)
- $65,994
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $65,994 | $79,543 | $63,806 | XML |
| 990 | June 2024 | $82,171 | $89,483 | $82,081 | XML |
| 990 | June 2023 | $94,258 | $99,931 | $80,616 | IRS |
| 990 | June 2022 | $69,529 | $108,518 | $91,262 | XML |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0466395).
Questions about SAIL AMERICA INC
- What is the EIN of SAIL AMERICA INC?
- The employer identification number (EIN) of SAIL AMERICA INC is 05-0466395.
- Is SAIL AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
- Are donations to SAIL AMERICA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SAIL AMERICA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SAIL AMERICA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAIL AMERICA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SAIL AMERICA INC?
- The 990 for the year ended June 30, 2025 names ADAM COVE.
- Who are the officers and directors of SAIL AMERICA INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does SAIL AMERICA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $65,994, expenses of $79,543 and total assets of $63,806 at year end.
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