Overview
What is Breakwater Sailing Center Inc?
Breakwater Sailing Center Inc, operating under the name Breakwater Yacht Club Inc, is a nonprofit organization situated in Sag Harbor, New York. Their primary objective is to nurture the local community's interest in sailing by providing lessons and sponsoring sailboat races. By doing so, they aim to promote sailing to individuals of all ages and foster a strong connection with the community. With a team of 26 dedicated employees, this organization actively encourages sailboat racing in and around the Sag Harbor waters, fostering a shared love for sailing among its residents.
Official website here: www.breakwateryc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
Breakwater Sailing Center Inc has achieved an impressive 97% overall score, earning it a Four-Star rating from Charity Navigator. This rating is based entirely on the accountability and finance beacon, indicating strong financial health and transparency within the organization. The center's financial practices are commendable, as evidenced by a high program expense ratio of 70.87%, demonstrating a commitment to utilizing funds for its core programs and services.
The organization's governance structure reflects a robust commitment to accountability, with a fully independent board comprising 16 members, which is a significant strength. Breakwater Sailing Center Inc has also established comprehensive policies for conflict of interest, whistleblower protections, and document retention, all of which contribute to its integrity and ethical operations. Additionally, the absence of any material diversion of assets further reinforces the trustworthiness of the nonprofit.
While the financial metrics and governance practices are exemplary, the rating indicates that the organization has maintained a stable liabilities to assets ratio of 8.86%, suggesting effective management of its financial obligations. Overall, the strong rating from Charity Navigator underscores Breakwater Sailing Center Inc's dedication to responsible stewardship of resources and its mission-driven approach to serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Breakwater Sailing Center Inc legitimate?
Breakwater Sailing Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Breakwater Sailing Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,218
For more financial information, click here
Official website here: www.breakwateryc.org
What is the mission statement of Breakwater Sailing Center Inc?
Breakwater Sailing Center Inc's mission is centered around promoting sailboat racing and sailing within a community. They strive to foster interest in these activities among individuals of all ages. To achieve this, they sponsor sailing events and interact with the community. Additionally, the center provides sailing lessons to the local population and organizes races to encourage and propagate sailing within the community.
Official website here: www.breakwateryc.org
Who is the CEO of Breakwater Sailing Center Inc?
William Rogers is the Director of Breakwater Sailing Center Inc.
Official website here: www.breakwateryc.org
What is the revenue of Breakwater Sailing Center Inc?
Breakwater Sailing Center Inc's revenue in 2021 was $466,194.
Official website here: www.breakwateryc.org
Who are the executives of Breakwater Sailing Center Inc and what are their salaries?
The average compensation at Breakwater Sailing Center Inc during 2021 was $7,508. There are 26 employees at Breakwater Sailing Center Inc.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.breakwateryc.org
Where can I find the form 990 for Breakwater Sailing Center Inc?
Breakwater Sailing Center Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.breakwateryc.org
Learn more at the official website: www.breakwateryc.org
Mission Statement of Breakwater Sailing Center Inc
Breakwater Sailing Center Inc is dedicated to promoting sailboat racing and sailing among individuals of all ages. Their mission is twofold: firstly, they aim to stimulate interest in sailboat racing and sailing within the community, and secondly, they seek to engage with the local community. To achieve this, Breakwater Sailing Center Inc provides sailing lessons to the community and organizes and oversees sailing races to encourage and popularize sailing within the local area. By doing so, the center not only fosters a love for sailing but also provides an opportunity for community interaction.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Breakwater Sailing Center Inc's impact is evident in its efforts to sponsor sailboat racing and sailing in the waters of Sag Harbor. By providing lessons in sailing to the local community and organizing sailing races, the organization plays a vital role in fostering interest in sailing among people of all ages. Additionally, Breakwater Sailing Center Inc actively interacts with the community, promoting the sport of sailing and creating a sense of togetherness. Its commitment to encouraging and promoting sailing in the local community makes a significant impact on the recreational opportunities available in Sag Harbor, NY.
This information is meant to be a general summary of Breakwater Sailing Center 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 2021.
- Investment Income: $839
- Program Service Revenue: $408,478
- Gross Receipts: $466,194
Assets and Liabilities:
- Total Assets: $522,153
- Total Liabilities: $46,285
- Net Assets: $475,868
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$351,068
MEMBERSHIP DUES
Revenue
$57,410
Organization Details
Phone
(631) 725-4604Principal Officer
William Rogers
Main Address
PO BOX 2601, SAG HARBOR, NY, 11963
Website
www.breakwateryc.orgNTEE Category
Code: N67 - Recreation
If you are a representative of Breakwater Sailing Center Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.