Overview
What is Newport Harbor Sailing Foundation?
The Newport Harbor Sailing Foundation, situated in Newport Beach, California, functions as a nonprofit organization with a primary focus on promoting amateur sailing activities. This swimming leagues or club dedicates its efforts towards fostering the sport among enthusiasts, serving as a platform for their passion and skill development. While specific details about the organization's reach and scope beyond Newport Beach are not provided, it is clear that the foundation is committed to supporting and promoting the amateur sailing community.
Official website here: www.nhsailingfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47%, Zero-Star out of Four Star rating.
The Newport Harbor Sailing Foundation has received a low rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With a score of 47%, the organization lacks majority independent board members and has not established crucial policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy. This raises questions about governance and oversight within the nonprofit.
Despite these issues, the foundation does demonstrate a strong commitment to transparency in some areas, as evidenced by its proper documentation of board meeting minutes and its compliance in listing its website on its tax form. Additionally, the organization maintains a healthy balance sheet, evidenced by a 0.00% liabilities to assets ratio, and a relatively solid program expense ratio of 62.91%. This suggests that while the foundation may be managing its funds effectively, governance concerns are substantial.
Overall, potential donors and supporters may want to exercise caution and seek further information about the Newport Harbor Sailing Foundation's governance practices before engaging with or contributing to the organization. The absence of independent oversight and vital policies may hinder its effectiveness and reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Newport Harbor Sailing Foundation legitimate?
Newport Harbor Sailing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newport Harbor Sailing Foundation 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: $0
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Official website here: www.nhsailingfoundation.org
What is the mission statement of Newport Harbor Sailing Foundation?
The Newport Harbor Sailing Foundation, as a non-profit organization, is committed to the promotion of amateur sailing. Their primary objective is to foster an interest and participation in sailing among individuals, providing an environment that encourages and supports their pursuit of the sport. The foundation's activities are geared towards increasing the awareness and accessibility of sailing, ultimately contributing to the growth and development of the sailing community. They strive to offer resources and opportunities for sailors to improve their skills and enjoy the sport in a safe and enjoyable manner.
Official website here: www.nhsailingfoundation.org
Who is the CEO of Newport Harbor Sailing Foundation?
Jeffrey Condon is the Vp/Trustee of Newport Harbor Sailing Foundation.
Official website here: www.nhsailingfoundation.org
What is the revenue of Newport Harbor Sailing Foundation?
Newport Harbor Sailing Foundation's revenue in 2022 was $171,107.
Official website here: www.nhsailingfoundation.org
Who are the executives of Newport Harbor Sailing Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.nhsailingfoundation.org
Where can I find the form 990 for Newport Harbor Sailing Foundation?
Newport Harbor Sailing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhsailingfoundation.org
Learn more at the official website: www.nhsailingfoundation.org
Mission Statement of Newport Harbor Sailing Foundation
The Newport Harbor Sailing Foundation, serving as a swimming league or club, is dedicated to the promotion of amateur sailing. This nonprofit organization aims to foster an interest and encourage participation in sailing among amateurs, playing a significant role in nurturing the sport at a grassroots level. By promoting sailing, the Newport Harbor Sailing Foundation is dedicated to fostering a sense of community, camaraderie, and competitiveness among sailors. The organization's mission is to make sailing accessible to a wide range of individuals, ensuring that they can enjoy the thrill and challenges that come with the sport.
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Impact
October, 2024
Newport Harbor Sailing Foundation significantly impacts the community by promoting amateur sailing in Newport Beach, CA. By providing opportunities for individuals of all ages to engage in sailing, the foundation fosters a love for the sport and enhances recreational activities in the area. Through organized programs and events, it creates a supportive environment that encourages teamwork, skill development, and a connection to the water. This focus on amateur sailing not only cultivates new sailors but also strengthens community bonds, enhances physical health, and instills a sense of stewardship for local waterways. Overall, the foundation plays a vital role in enriching the recreational landscape and promoting lifelong engagement with sailing.
This information is meant to be a general summary of Newport Harbor Sailing Foundation. 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: $53,925
- Gross Receipts: $303,078
Assets and Liabilities:
- Total Assets: $1,187,533
- Total Liabilities: $0
- Net Assets: $1,187,533
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Organization Details
Founding Year
1997
Phone
(714) 296-4549Principal Officer
Jeffrey Condon
Main Address
1048 IRVINE AVENUE 820, NEWPORT BEACH, CA, 92660
Website
www.nhsailingfoundation.orgNTEE Category
Code: N60 - Recreation
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