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Regatta Point Community Sailing Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042309329 ✦ Shrewsbury, MA ✦ Designated as a 501(c)(3)

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Overview

What is Regatta Point Community Sailing Inc?

Regatta Point Community Sailing Inc, located in Shrewsbury, Massachusetts, is a nonprofit organization dedicated to providing affordable sailing and boating activities for the public. With a team of 23 dedicated individuals, they offer a variety of programs and memberships to engage individuals in recreational sailing and boating. Their mission is to make these activities accessible to the general public at a reduced cost, promoting enjoyment and training for all who are interested.


Official website here: www.regattapoint.org

Is Regatta Point Community Sailing Inc legitimate?

Regatta Point Community Sailing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regatta Point Community Sailing 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $30,462
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,677

For more financial information, click here


Official website here: www.regattapoint.org

What is the mission statement of Regatta Point Community Sailing Inc?

Regatta Point Community Sailing Inc's mission is centered around providing affordable recreational sailing and boating activities, as well as related training, to the general public. They achieve this through various programs and membership offerings. The organization's primary focus is to make these experiences accessible to a wide range of individuals, ensuring that sailing and boating are not exclusive activities. This low-cost approach allows many people to engage in these activities, fostering a sense of community and promoting enjoyment of the water.


Official website here: www.regattapoint.org

Who is the CEO of Regatta Point Community Sailing Inc?

Francis Reardon is the Treasurer of Regatta Point Community Sailing Inc.


Official website here: www.regattapoint.org

What is the revenue of Regatta Point Community Sailing Inc?

Regatta Point Community Sailing Inc's revenue in 2021 was $326,742.


Official website here: www.regattapoint.org

Who are the executives of Regatta Point Community Sailing Inc and what are their salaries?

The average compensation at Regatta Point Community Sailing Inc during 2021 was $4,963. There are 23 employees at Regatta Point Community Sailing Inc.


Here are 5 key members and their salaries:


Francis Reardon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Levada Jr (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Paradise (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Root (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Casey Duva (Executive Director)
  • Compensation: $30,462
  • Related: $0
  • Other: $0


Official website here: www.regattapoint.org

Where can I find the form 990 for Regatta Point Community Sailing Inc?

Regatta Point Community Sailing Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.regattapoint.org

Learn more at the official website: www.regattapoint.org

Mission Statement of Regatta Point Community Sailing Inc

Regatta Point Community Sailing Inc, as a nonprofit organization, is dedicated to providing an affordable recreational sailing and boating experience to the public. Their mission is to offer a range of programs and memberships that enable individuals to engage in sailing activities and receive training at reasonably low costs. By doing so, Regatta Point Community Sailing Inc aims to make sailing and boating activities accessible to a wide audience, promoting marine leisure and skill development in a cost-effective manner.

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Impact




October, 2024

Regatta Point Community Sailing Inc significantly enhances the community by providing accessible opportunities for recreational sailing and boating activities. By offering low-cost sailing instruction and programs, it ensures that individuals of all ages and backgrounds in Shrewsbury, MA, can engage in these enriching experiences. This initiative not only promotes physical fitness and outdoor enjoyment but also fosters a sense of community and environmental awareness. Through its programs and memberships, Regatta Point empowers participants with essential sailing skills, encouraging a lifelong appreciation for water sports while breaking down financial barriers to access.




This information is meant to be a general summary of Regatta Point Community Sailing 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.

Revenue
$326,742 (2021)
Expenses
$247,313 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $112
  • Program Service Revenue: $271,150
  • Gross Receipts: $326,742

Assets and Liabilities:

  • Total Assets: $230,219
  • Total Liabilities: $196,046
  • Net Assets: $34,173

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ROWING REVENUE

Revenue

$83,175

SUMMER CAMP

Revenue

$65,238

BOAT RENTALS HOURLY

Revenue

$55,196

JUNIOR MEMBERSHIPS

Revenue

$37,149

ADULT PROGRAMS AND MEM

Revenue

$30,392

Organization Details

Founding Year

1961

Principal Officer

Francis Reardon

Main Address

PO BOX 4008, SHREWSBURY, MA, 01545

NTEE Category

Code: N30 - Recreation

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