Overview
What is Lake Winnipesaukee Sailing Association Inc?
Lake Winnipesaukee Sailing Association Inc, situated in Gilford, New Hampshire, is a nonprofit organization dedicated to promoting sailing and racing. Their primary focus is on youth development, offering a sailing program that serves students aged 8-16 for 11 weeks annually. The program includes after-school sessions, as well as professional instruction and competitive events for nine weeks. Their mission extends beyond just sailing, aiming to introduce and teach the sport to individuals, particularly young people and those with disabilities. Furthermore, the organization encourages sportsmanship and fosters a deep understanding of seamanship and navigation within the sailing community. With a team of 14 individuals, Lake Winnipesaukee Sailing Association Inc is committed to shaping the future of sailing for the younger generation.
Official website here: www.lwsa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating
Lake Winnipesaukee Sailing Association Inc has received a solid rating of 86% from Charity Navigator, indicating a commendable level of accountability and financial management. This score reflects strong performance in areas such as having a majority of independent board members and no material diversion of assets, which suggests a commitment to organizational integrity and transparency.
However, there are notable limitations in some governance practices. The organization has not implemented a whistleblower policy or a document retention and destruction policy, both of which are essential for maintaining ethical standards and data management. These deficiencies may raise concerns regarding governance and oversight, despite the overall positive financial health indicated by a low liabilities to assets ratio and a high program expense ratio.
In summary, while the Lake Winnipesaukee Sailing Association Inc demonstrates strong financial accountability and a well-structured board, it would benefit from addressing gaps in its governance policies to further enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Winnipesaukee Sailing Association Inc legitimate?
Lake Winnipesaukee Sailing Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Winnipesaukee Sailing Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.lwsa.org
What is the mission statement of Lake Winnipesaukee Sailing Association Inc?
Lake Winnipesaukee Sailing Association Inc's mission is centered around promoting the sport of sailing and racing. They aim to introduce and teach sailing, particularly to young people and individuals with disabilities. The organization is dedicated to encouraging youth sailing and provides facilities and programs for the education of children in sailing and sailboat racing. Furthermore, Lake Winnipesaukee Sailing Association Inc fosters sportsmanship throughout the sport and promotes the science of seamanship and navigation.
Official website here: www.lwsa.org
Who is the CEO of Lake Winnipesaukee Sailing Association Inc?
Guy Nickerson is the Board Member of Lake Winnipesaukee Sailing Association Inc.
Official website here: www.lwsa.org
What is the revenue of Lake Winnipesaukee Sailing Association Inc?
Lake Winnipesaukee Sailing Association Inc's revenue in 2022 was $167,652.
Official website here: www.lwsa.org
Who are the executives of Lake Winnipesaukee Sailing Association Inc and what are their salaries?
There are 14 employees and 30 volunteers at Lake Winnipesaukee Sailing Association Inc.
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Official website here: www.lwsa.org
Where can I find the form 990 for Lake Winnipesaukee Sailing Association Inc?
Lake Winnipesaukee Sailing Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lwsa.org
Learn more at the official website: www.lwsa.org
Mission Statement of Lake Winnipesaukee Sailing Association Inc
Lake Winnipesaukee Sailing Association Inc is dedicated to promoting the sport of sailing and racing. One of their primary objectives is to introduce and educate people, particularly young individuals and those with disabilities, in the art of sailing. This nonprofit organization also seeks to encourage youth sailing and provides facilities and programs for the education of children in sailing and sailboat racing. Their mission extends beyond just promoting the sport; they also aim to foster sportsmanship throughout sailing, promoting the science of seamanship and navigation. The Lake Winnipesaukee Sailing Association Inc strives to educate and inspire a new generation of sailors, instilling a love for the sport while teaching essential skills.
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Impact
October, 2024
Lake Winnipesaukee Sailing Association Inc significantly impacts the community by fostering a passion for sailing and racing among individuals, particularly young people and those with disabilities. Through its structured sailing program, it has successfully completed 278 sailing weeks for students aged 8 to 16, emphasizing skill development, sportsmanship, and a love for the water. The organization runs a robust season that includes 11 weeks of instructional sailing, offering both after-school programs and competitive events.
By introducing sailing to a diverse group of participants, it not only enhances physical skills and confidence but also promotes teamwork and resilience. The association is dedicated to creating inclusive opportunities, ensuring that everyone, regardless of ability, can enjoy and learn the valuable skills associated with sailing and navigation. Its commitment to youth development and education in seamanship profoundly enriches the lives of those it serves, fostering a lifelong connection to the sport and the environment.
This information is meant to be a general summary of Lake Winnipesaukee Sailing Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,732
- Program Service Revenue: $102,589
- Gross Receipts: $175,892
Assets and Liabilities:
- Total Assets: $890,562
- Total Liabilities: $0
- Net Assets: $890,562
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
YOUTH SAILING PROGRAM REGISTR
Revenue
$93,089
ADULT RACING REGISTRATIONS
Revenue
$9,500
Organization Details
Founding Year
1987
Phone
(603) 589-1177Principal Officer
Guy Nickerson
Main Address
PO BOX 7047, GILFORD, NH, 03247
Website
www.lwsa.orgNTEE Category
Code: N50Z - Recreation
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