Sheridan Shore Sailing School

Charity Navigator Rating: 78%

Sheridan Shore Sailing School has received a Three-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 78%. This rating is primarily based on the organization's Accountability & Finance criteria, which evaluates its financial health and governance practices. A strong accountability score indicates that the organization adheres to best practices in transparency and financial management.

The organization showcases several strengths, including a fully independent board of directors, which comprises nine members, thus enhancing its governance structure. It also demonstrates a commendable commitment to fiscal responsibility, as evidenced by its audit and low ratio of liabilities to assets, which stands at 20.09%. Additionally, the organization effectively documents board meeting minutes, further supporting its accountability.

However, there is room for improvement in the program expense ratio, which is 66.51%. While this figure is decent, it suggests that a larger proportion could be allocated directly to programs rather than administrative costs. Overall, Sheridan Shore Sailing School appears to be a well-managed nonprofit, but continued efforts to increase program spending could enhance its impact.

This AI summary has been generated from information found on Charity Navigator.

Sheridan Shore Sailing School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheridan Shore Sailing School 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: $261,329

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