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Maryland · Nonprofit

VALHALLA SAILING PROJECT LTD

VALHALLA SAILING PROJECT LTD (Maryland) receives grants from 8 organizations whose IRS filings report $213,350 to it, the largest being OLUV C JOYNOR FOUNDATION INC ($98,000). 5 of them have funded it in more than one year.

Revenue FY2025
$77k
Funders on record
8
Grants received
$213k
Net assets
$95k
5/8 repeat funderspeak grant-dependency 83%
01What it does

What Valhalla Sailing Project Ltd does

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.

As stated on its FY2025 Form 990-EZ.

Programs

  1. 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.

    $1,100 spent
    52% of program spending
  2. Community awareness of Valhalla Sailing Project's programs to promote suicide prevention amongst military veterans.

    $1,000 spent
    48% of program spending

The 2 programs described on its FY2024 Form 990-EZ. Program spending in total: $2,100.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($101k) Expenses 100 ($47k) Net assets 100 ($88k)2021 Revenue 100 ($101k) Expenses 176 ($83k) Net assets 144 ($126k)2022 Revenue 49 ($49k) Expenses 162 ($76k) Net assets 113 ($99k)2023 Revenue 51 ($52k) Expenses 82 ($39k) Net assets 101 ($89k)2024 Revenue 62 ($63k) Expenses 138 ($65k) Net assets 104 ($91k)2025 Revenue 76 ($77k) Expenses 137 ($65k) Net assets 108 ($95k)
202020212022202320242025
Revenue (76)Expenses (137)Net assets (108)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $88k to $126k (+44%).

$88k
$126k
$99k
$89k
$91k
$95k
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

90% of VALHALLA SAILING PROJECT LTD’s revenue is contributions — about as donation-reliant as the typical peer (100% for the typical peer).

This organization
Typical peer · 19,498 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.

$54k
’20
$18k
’21
−$27k
’22
$14k
’23
−$2k
’24
$12k
’25

Leadership and staff

Chief executive

Jeremy Dublon

Executive director

As listed on its FY2024 Form 990-EZ.

03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 1 funder to 5 funders, grant income rose $3k → $40k.

2 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 20% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of VALHALLA SAILING PROJECT LTD’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

VALHALLA SAILING PROJECT LTD leans on a few funders — its largest provides 46% of grant income and the top three 90%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

29% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VALHALLA SAILING PROJECT LTD.

46%
largest funder
90%
top three
~3
effective funders

Largest funder’s share by year: 2019 100% · 2020 76% · 2021 58% · 2022 63% · 2023 63% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

60% of VALHALLA SAILING PROJECT LTD's funders are still giving 2 years after their first grant; 63% give in more than one year at all.

first grant+1y+2y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

VALHALLA SAILING PROJECT LTD draws 58% of its grant income from funders outside Maryland, across 4 states in all.

WA
VA
MD
DE

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
Maryland out of state home

Funder states come from each funder’s own filing. $42k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

VALHALLA SAILING PROJECT LTD runs a healthier operating margin than half of the 9,787 human services nonprofits its size.

Operating margin16% · above the median
Revenue growth (annualized)−5% · below the median

this organization peer median middle 50% of peers· 9,787 human services nonprofits under $100k, FY2025

Organizations like VALHALLA SAILING PROJECT LTD

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Maryland

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MD

Screen this organization

A dated, signed PDF of the compliance screen for VALHALLA SAILING PROJECT LTD: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds VALHALLA SAILING PROJECT LTD?
VALHALLA SAILING PROJECT LTD (Maryland) receives grants from 8 organizations whose IRS filings report $213,350 to it, the largest being OLUV C JOYNOR FOUNDATION INC ($98,000). 5 of them have funded it in more than one year.
How many funders does VALHALLA SAILING PROJECT LTD have?
IRS filings report 8 organizations giving $213,350 in grants to VALHALLA SAILING PROJECT LTD, 5 of which have funded it in more than one year.
Who is the largest funder of VALHALLA SAILING PROJECT LTD?
OLUV C JOYNOR FOUNDATION INC is the largest funder on record, with $98,000 in grants. The full list of funders is on this page.
How can an organization like VALHALLA SAILING PROJECT LTD find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Valhalla Sailing Project Ltd →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing