Overview
What is The Sailing Foundation Of New York Inc?
The Sailing Foundation of New York Inc is a nonprofit organization based in Rye, New York. Its primary mission is to promote and support amateur sports participation in competitive sailing. They achieve this by organizing clinics, providing coaching, and offering other educational activities. The foundation also extends financial aid to deserving athletes competing in regional, national, and international competitions. Additionally, they identify and facilitate training opportunities provided by other charitable organizations to further enhance the marine-related educational programs for these athletes. The foundation plays a crucial role in funding Olympic athletes' training expenses for regional, national, and international competitions through its grants.
Official website here: www.sailingfoundationofnewyork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
The Sailing Foundation Of New York Inc has earned an 83% score, reflecting a solid accountability and finance performance, which is critical for donor trust and sustainability. The organization demonstrates strong governance with a fully independent board and has no material diversion of assets, which contributes positively to its financial health.
Despite its overall strengths, there are some areas for improvement, particularly regarding its policies. The foundation lacks a whistleblower policy and a document retention and destruction policy, both of which are important for transparency and accountability. These missing elements could potentially raise concerns among stakeholders about the organization’s operational rigor.
On the positive side, the foundation exhibits a high program expense ratio of nearly 95%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs. This focus on programmatic spending can enhance the effectiveness of the foundation in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Sailing Foundation Of New York Inc legitimate?
The Sailing Foundation Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sailing Foundation Of New York 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
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sailingfoundationofnewyork.org
What is the mission statement of The Sailing Foundation Of New York Inc?
The Sailing Foundation of New York Inc. is committed to promoting amateur sports participation in competitive sailing. They achieve this through various educational activities such as clinics and coaching. Financial assistance is also provided to deserving athletes who compete in regional, national, and international events. Furthermore, the foundation identifies and facilitates training opportunities provided by other charitable organizations, thereby aiding in the marine-related educational programs of amateur athletes.
Official website here: www.sailingfoundationofnewyork.org
Who is the CEO of The Sailing Foundation Of New York Inc?
Thomas L Stark is the President of The Sailing Foundation Of New York Inc.
Official website here: www.sailingfoundationofnewyork.org
What is the revenue of The Sailing Foundation Of New York Inc?
The Sailing Foundation Of New York Inc's revenue in 2022 was $58,406.
Official website here: www.sailingfoundationofnewyork.org
Who are the executives of The Sailing Foundation Of New York Inc and what are their salaries?
There 30 volunteers at The Sailing Foundation Of New York Inc.
Here are 10 key members and their salaries:
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Official website here: www.sailingfoundationofnewyork.org
Where can I find the form 990 for The Sailing Foundation Of New York Inc?
The Sailing Foundation Of New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sailingfoundationofnewyork.org
Learn more at the official website: www.sailingfoundationofnewyork.org
Mission Statement of The Sailing Foundation Of New York Inc
The Sailing Foundation of New York Inc is committed to fostering the participation of amateur sailors in competitive events. They achieve this by organizing clinics, coaching sessions, and providing various educational resources. The foundation also extends financial aid to deserving athletes who are competing at regional, national, and international levels. Beyond direct support, The Sailing Foundation of New York Inc also identifies and facilitates training and development opportunities provided by other charitable organizations, enabling more amateur sailors to benefit from marine-related educational programs. In essence, the foundation's mission is to promote and support the growth and success of amateur sailors in competitive settings, providing them with the necessary resources and opportunities to excel in their sport.
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Impact
August, 2024
The Sailing Foundation Of New York Inc's impact is significant in supporting amateur sports participation in competitive sailing through clinics, coaching, and educational activities. The foundation provides financial assistance to deserving athletes competing in regional, national, and international competitions, enabling them to pursue their passion for sailing. Additionally, the foundation identifies training and development opportunities provided by other charitable organizations to facilitate the participation of amateur athletes in marine-related educational programs. Through grants and support to Olympic sailing athletes, the foundation plays a crucial role in promoting and advancing the sport of sailing at various levels of competition.
This information is meant to be a general summary of The Sailing Foundation Of New York 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.
- Gross Receipts: $58,406
Assets and Liabilities:
- Total Assets: $106,695
- Total Liabilities: $0
- Net Assets: $106,695
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Organization Details
Founding Year
2003
Phone
(203) 265-4344Principal Officer
Thomas L Stark
Main Address
PO Box 124, Rye, NY, 10580
NTEE Category
Code: N70 - Recreation
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