Overview
What is Newport Mesa High School Sailing Foundation?
The Newport Mesa High School Sailing Foundation, situated in Costa Mesa, California, is a nonprofit organization dedicated to supporting public high school sailing teams. Their mission involves covering various expenses such as taxes, practice costs, and necessary equipment for these teams. Furthermore, they also finance the direct costs associated with teams participating in races across California. The foundation's primary objective is to bolster the sailing programs within these high schools, thereby fostering a thriving sailing community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Newport Mesa High School Sailing Foundation has achieved a respectable score of 80%, indicative of solid organizational practices and effective financial management. This rating is based entirely on a strong accountability and finance score, reflecting the organization's commitment to transparency and responsible stewardship of its resources.
Strengths of the foundation include a fully independent board of directors, with all ten members being independent, which contributes to effective governance. Additionally, the organization has demonstrated no material diversion of assets, and it has a strong conflict of interest policy in place. The program expense ratio is exceptionally high at 100%, indicating that all funds are utilized directly for program services.
However, while the financial metrics are impressive and demonstrate a well-managed organization, the overall rating does not provide additional insights into programmatic impact or community engagement. Users interested in the effectiveness of the foundation’s sailing programs or its long-term sustainability may want to seek further information beyond financial metrics alone.
This AI summary has been generated from information found on Charity Navigator.
Is Newport Mesa High School Sailing Foundation legitimate?
Newport Mesa High School Sailing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newport Mesa High School 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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What is the mission statement of Newport Mesa High School Sailing Foundation?
The Newport Mesa High School Sailing Foundation's mission is focused on supporting public high school sailing teams. They cover various expenses such as taxes, practice costs, and necessary support items. Furthermore, they assume the direct costs associated with teams participating in races across California. By doing so, they aim to foster and promote high school sailing teams' growth and success.
Who is the CEO of Newport Mesa High School Sailing Foundation?
Michael Segerblom is the President of Newport Mesa High School Sailing Foundation.
What is the revenue of Newport Mesa High School Sailing Foundation?
Newport Mesa High School Sailing Foundation's revenue in 2022 was $197,861.
Who are the executives of Newport Mesa High School Sailing Foundation and what are their salaries?
There 125 volunteers at Newport Mesa High School Sailing Foundation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Newport Mesa High School Sailing Foundation?
Newport Mesa High School Sailing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Newport Mesa High School Sailing Foundation
The Newport Mesa High School Sailing Foundation is dedicated to providing support for public high school sailing teams. This nonprofit organization plays a significant role in covering various program costs, such as taxes, practice expenses, and necessary support items. Beyond financial assistance, the foundation also takes care of the direct expenses incurred by teams participating in races across California. In essence, the Newport Mesa High School Sailing Foundation is committed to empowering and enabling high school sailing teams to thrive and excel in their competitions.
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Impact
October, 2024
Newport Mesa High School Sailing Foundation significantly enhances the sailing experience for public high school students in Costa Mesa, CA, specifically supporting the Newport Harbor High School and Corona del Mar High School sailing teams. By covering essential program support costs such as practice expenses, taxes, and necessary supplies, the foundation ensures that students can participate without financial barriers.
Moreover, the foundation facilitates participation in competitive races throughout California, covering direct costs associated with these events. This support not only fosters a love for sailing but also cultivates teamwork, discipline, and leadership skills among the students. By providing these resources, the foundation plays a crucial role in developing young sailors and encouraging their personal growth through education and athletics.
This information is meant to be a general summary of Newport Mesa High School 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: $5
- Program Service Revenue: $51,873
- Gross Receipts: $197,861
Assets and Liabilities:
- Total Assets: $136,874
- Total Liabilities: $8,646
- Net Assets: $128,228
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$51,873
Organization Details
Founding Year
2012
Phone
(714) 878-1520Principal Officer
Michael Segerblom
Main Address
266 PALMER STREET, COSTA MESA, CA, 92627
NTEE Category
Code: B99 - Education
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