Overview
What is Lake Michigan Sail Racing Federation Inc?
Lake Michigan Sail Racing Federation Inc is a nonprofit organization that specializes in sailing instruction and racing activities. Their mission is to support and empower racing sailors, enabling them to participate in various championships, including those organized by US Sailing, the Richardson Cup, and international teams. The federation also assists members in US Sailing events, Olympic competitions, and world championships, aiming to boost national participation. Beyond competition, they offer guidance and assistance to help sailors improve their skills and achieve their full potential in the sport.
Official website here: www.lmsrg.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Lake Michigan Sail Racing Federation Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This score is based entirely on its Accountability & Finance beacon, indicating a strong emphasis on financial integrity. The organization boasts a fully independent board, with 100% of its members being independent, which is a significant strength in ensuring unbiased governance.
Moreover, the federation has shown exemplary financial practices, achieving a 0.00% liabilities to assets ratio and a 100% program expense ratio. This suggests that all of its expenses are directed toward fulfilling its mission, which is a positive indicator for potential donors. However, the absence of key policies, such as a conflict of interest policy and a whistleblower policy, has negatively impacted its overall score in the accountability framework.
While the organization demonstrates strong financial health and governance structures, the lack of certain policy documents could be seen as a limitation in terms of transparency and operational integrity. Overall, the federation shows promise, but addressing these shortcomings would enhance its credibility further.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Michigan Sail Racing Federation Inc legitimate?
Lake Michigan Sail Racing Federation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Michigan Sail Racing Federation 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: $0
For more financial information, click here
Official website here: www.lmsrg.org
What is the mission statement of Lake Michigan Sail Racing Federation Inc?
The Lake Michigan Sail Racing Federation Inc. is dedicated to offering sailing instruction and organizing racing events. Its mission is to assist sailors in participating in championships overseen by US Sailing, including the Richardson Cup and international teams. The federation supports its members in various US Sailing events, Olympic competitions, and world championships, with the aim of boosting national involvement.
Official website here: www.lmsrg.org
Who is the CEO of Lake Michigan Sail Racing Federation Inc?
Gail Turluck is the Secretary of Lake Michigan Sail Racing Federation Inc.
Official website here: www.lmsrg.org
What is the revenue of Lake Michigan Sail Racing Federation Inc?
Lake Michigan Sail Racing Federation Inc's revenue in 2022 was $65,760.
Official website here: www.lmsrg.org
Who are the executives of Lake Michigan Sail Racing Federation Inc and what are their salaries?
There 20 volunteers at Lake Michigan Sail Racing Federation Inc.
Here are 9 key members and their salaries:
- Compensation: $22,473
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- Other: $0
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Official website here: www.lmsrg.org
Where can I find the form 990 for Lake Michigan Sail Racing Federation Inc?
Lake Michigan Sail Racing Federation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lmsrg.org
Learn more at the official website: www.lmsrg.org
Mission Statement of Lake Michigan Sail Racing Federation Inc
The Lake Michigan Sail Racing Federation Inc is committed to facilitating sailing instruction and organizing racing activities. This nonprofit organization serves as a supportive platform for racing sailors, enabling them to participate in championships overseen by the national governing body, US Sailing. Furthermore, the Lake Michigan Sail Racing Federation promotes participation in the Richardson Cup, a renowned sailing event, and assists sailors in representing their country in Olympic competitions and world championships. By encouraging national participation in these events, the Federation aims to foster a sense of camaraderie and competitiveness among sailors, thereby enriching the sailing community.
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Impact
August, 2024
Lake Michigan Sail Racing Federation Inc's impact is significant in the realm of sailing instruction and racing activities. It provides valuable support and resources to racing sailors, helping them compete in championships organized by US Sailing, the Richardson Cup, and international teams. The federation's efforts extend to assisting members in various events such as US Sailing competitions, Olympic contests, and world championships, aiming to foster national participation in the sport. By organizing races and offering instruction, Lake Michigan Sail Racing Federation plays a crucial role in promoting sailing as a recreational and competitive activity.
This information is meant to be a general summary of Lake Michigan Sail Racing Federation 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: $21,190
- Gross Receipts: $68,010
Assets and Liabilities:
- Total Assets: $757,620
- Total Liabilities: $0
- Net Assets: $757,620
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Organization Details
Founding Year
1980
Phone
(321) 857-6540Principal Officer
Gail Turluck
Main Address
1245 WEST GULL LAKE DR, RICHLAND, MI, 49083
Website
www.lmsrg.orgNTEE Category
Code: N7XZ - Recreation
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