The Englewood Beach Waterfest, which broke even in its first year, showed a profit in year two. And it was double what was expected. Organizers had a goal of making 40-thousand dollars. But they say the event, featuring powerboat races at Englewood Beach, wound up 80-thousand dollars in the black. Waterfest revenues were generated by ticket sales, beer and food sales, raffles and other fundraising activities.
