Nonprofit · EIN 47-5260622
VALHALLA SAILING PROJECT LTD
Tax-exempt · ANNAPOLIS, MD 21403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-EZ | $76,820 | $64,516 | $12,304 | $94,992 | – | $94,992 |
| October 31, 2024 | 990-EZ | $62,919 | $65,119 | -$2,200 | $91,256 | – | $91,256 |
Financial details: 990-EZ for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $64,478
- Investment income
- $3,411
- Net income from fundraising events
- $3,449
- Net income from sales of inventory
- $1,482
- Other revenue
- $4,000
Expenses
- Grants and similar amounts paid
- $3,650
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $6,807
- Occupancy
- $34,406
- Printing, publications and postage
- $153
- Other expenses
- $19,500
- Program services (functional)
- $2,100
Balance sheet and other
- Total assets, start of year
- $91,256
- Total assets, end of year
- $94,992
- Total liabilities, end of year
- –
- Net assets, end of year
- $94,992
- Cash, savings and investments
- $24,804
- Gross receipts
- $76,820
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-EZ for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Wood | Director | 3 | $0 |
| Samuel Holoviak | Treasurer | 25 | $0 |
| Jeremy Dublon | Executive director | 5 | $0 |
| Amy Pantoja | Secretary | 7 | $0 |
| Katie Freeman | Vice Director | 3 | $0 |
| James Darlington | Director-Boat Manager | 6 | $0 |
| Chris Junge | Director - Race Mgr | 10 | $0 |
990-EZ for the year ended October 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Wood | Executive Director | 15 | $0 |
| Katie Freeman | Director | 10 | $0 |
| James McGinnis | Co-Founder, Exec Emeritus | 5 | $0 |
| James Darlington | Director-Boat Manager | 20 | $0 |
| Jeremy Dublon | Director -Community Outreach | 12 | $0 |
| Amy Pantoja | Secretary | 20 | $0 |
| Samuel Holoviak | Treasurer | 20 | $0 |
| Chris Junge | Director-Race Mgr | 12 | $0 |
Address and contacts
- Address (IRS master file)
- 326 FIRST ST STE 401, ANNAPOLIS, MD 21403-2681
- Mailing address (990-N for 2018)
- 109 Phipps Lane, Annapolis MD 21403
- Principal officer (990-N for 2018)
- Michael E Wood, 109 Phipps Lane, Annapolis MD 21403
- Signed the 990-EZ
- Samuel J Holoviak, Board Treasurer
- Phone
- (678) 576-6029
- Website
- www.valhallasailing.org
Mission
In order to do its part in attempting to reduce the instances of Veteran suicide and provide healthy tools to cope with Post Traumatic Stress, Valhalla Sailing Projects' fundamental mission is to provide Veterans the opportunity to forge post-service relationships and a support system through the sport of sailing.
Program accomplishments
- Integrate wounded, disabled and transitioning veterans into a cohesive family style environment that aided them in coping with post-traumatic stress. This was accomplished through four (4) weekend introduction to sailing clinics, over 30 on the water days of sailboat racing events and family sailing cruises as well as offshore excursions.Expenses $1,100
- Community awareness of Valhalla Sailing Project's programs to promote suicide prevention amongst military veterans.Expenses $1,000
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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990-EZ on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-EZ on file |
IRS record
- EIN
- 47-5260622
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $94,992
- Income (IRS master file)
- $76,820
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | October 2025 | $76,820 | $64,516 | $94,992 | XML |
| 990-EZ | October 2024 | $62,919 | $65,119 | $91,256 | XML |
| 990-EZ | October 2023 | – | – | – | IRS |
| 990-EZ | October 2022 | – | – | – | IRS |
| 990-EZ | October 2021 | – | – | – | IRS |
| 990-EZ | October 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Michael E Wood | October 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-5260622).
Questions about VALHALLA SAILING PROJECT LTD
- What is the EIN of VALHALLA SAILING PROJECT LTD?
- The employer identification number (EIN) of VALHALLA SAILING PROJECT LTD is 47-5260622.
- Is VALHALLA SAILING PROJECT LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to VALHALLA SAILING PROJECT LTD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALHALLA SAILING PROJECT LTD 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 VALHALLA SAILING PROJECT LTD due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALHALLA SAILING PROJECT LTD last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended October 2025.
- Who is the principal officer of VALHALLA SAILING PROJECT LTD?
- The 990-N for 2018 names Michael E Wood.
- Who are the officers and directors of VALHALLA SAILING PROJECT LTD?
- The 990-EZ for the year ended October 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does VALHALLA SAILING PROJECT LTD have?
- On its 990-EZ for the year ended October 31, 2025 it reported revenue of $76,820, expenses of $64,516 and total assets of $94,992 at year end.
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