Overview
What is Sarasota Power Squadron Education Trust Fund?
The Sarasota Power Squadron Education Trust Fund is a nonprofit organization committed to promoting safe boating practices among the public. They achieve this goal through various educational initiatives, such as courses, inspections, and seminars. The trust fund also focuses on honing the navigation skills and safety awareness of its members. Additionally, it encourages civic services and fraternal activities within the boating community. Furthermore, the organization extends its reach by offering grants to related organizations.
Official website here: www.sarasotapowerandsailsquadron.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Sarasota Power Squadron Education Trust Fund has received a commendable score of 90%, which reflects strong performance in accountability and finance. This rating is based entirely on their financial practices, with a perfect assessment in areas such as the independence of board members and the absence of material asset diversion. The organization has an independent board comprised of 8 members, and demonstrates effective governance through policies like conflict of interest and document retention.
However, there is a noted gap in the organization’s whistleblower policy, which could be a potential area for improvement. The absence of this policy may raise concerns regarding transparency and accountability, although their overall financial health appears robust. With a program expense ratio of 94.75%, the organization shows a strong commitment to directing resources towards its mission.
Overall, the Sarasota Power Squadron Education Trust Fund exhibits solid governance and financial health, but enhancing their policies regarding whistleblower protections could further strengthen their operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Sarasota Power Squadron Education Trust Fund legitimate?
Sarasota Power Squadron Education Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sarasota Power Squadron Education Trust Fund 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:
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For more financial information, click here
Official website here: www.sarasotapowerandsailsquadron.org
What is the mission statement of Sarasota Power Squadron Education Trust Fund?
The Sarasota Power Squadron Education Trust Fund's mission is primarily focused on promoting safe boating practices among the public. This is achieved through various educational initiatives such as courses, inspections, and seminars. Moreover, the trust fund also aims to educate its members about advanced navigation skills and safety. Additionally, it encourages its members to engage in civic services and fraternal activities. The organization also extends its services to the general boating public by promoting volunteer work. Furthermore, it offers grants to related organizations to support their related initiatives.
Official website here: www.sarasotapowerandsailsquadron.org
Who is the CEO of Sarasota Power Squadron Education Trust Fund?
Daniel Sullivan is the Parliamentarian of Sarasota Power Squadron Education Trust Fund.
Official website here: www.sarasotapowerandsailsquadron.org
What is the revenue of Sarasota Power Squadron Education Trust Fund?
Sarasota Power Squadron Education Trust Fund's revenue in 2022 was -$90,653.
Official website here: www.sarasotapowerandsailsquadron.org
Who are the executives of Sarasota Power Squadron Education Trust Fund and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.sarasotapowerandsailsquadron.org
Where can I find the form 990 for Sarasota Power Squadron Education Trust Fund?
Sarasota Power Squadron Education Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sarasotapowerandsailsquadron.org
Learn more at the official website: www.sarasotapowerandsailsquadron.org
Mission Statement of Sarasota Power Squadron Education Trust Fund
The Sarasota Power Squadron Education Trust Fund is dedicated to promoting safe boating practices among the public. They achieve this goal by conducting courses, inspections, and seminars, educating both the general boating public and their own membership in advanced navigation skills and safety measures. Furthermore, this nonprofit organization encourages its members to engage in civic services and fraternal activities, demonstrating a commitment to community involvement. Additionally, the Sarasota Power Squadron Education Trust Fund grants funds to organizations related to their mission, reflecting their dedication to fostering a culture of boating safety.
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Impact
October, 2024
The Sarasota Power Squadron Education Trust Fund positively impacts the community by promoting safe boating practices through a variety of educational initiatives, including courses, inspections, and seminars. By informing the public about essential safety measures and advanced navigation skills, the Trust Fund enhances the overall safety and enjoyment of boating in the region.
In addition to its public education efforts, the Trust Fund plays a vital role in nurturing the skills and knowledge of its members, ensuring they are well-equipped to navigate the waters safely. This commitment to education fosters a sense of responsibility and community among boaters.
Furthermore, the Trust Fund supports related organizations through grants, amplifying its reach and influence in promoting safe boating practices beyond its immediate membership. The focus on civic services and fraternal activities encourages volunteerism, further engaging the community in boating safety initiatives. Overall, the Sarasota Power Squadron Education Trust Fund significantly contributes to safer and more knowledgeable boating experiences for all.
This information is meant to be a general summary of Sarasota Power Squadron Education Trust Fund. 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: -$90,653
- Gross Receipts: $13,268
Assets and Liabilities:
- Total Assets: $448,585
- Total Liabilities: $0
- Net Assets: $448,585
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Organization Details
Founding Year
1991
Principal Officer
Daniel Sullivan
Main Address
2814 Hyde Park St, Sarasota, FL, 342393227
NTEE Category
Code: B11 - Education
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