Overview
What is Coconut Grove Sailing Club Instructional Center Inc?
The Coconut Grove Sailing Club Instructional Center Inc, situated in Miami, Florida, operates as a nonprofit organization with a focus on promoting sailing and enhancing water safety. With a team of 37 dedicated individuals, they provide equipment and instruction to both adults and young people, fostering an appreciation for sailing. By offering this service, they aim to ignite an interest in the sport and encourage young individuals to learn sailing. Their mission is multifaceted, encompassing the promotion of sailing and the provision of resources to help individuals develop their sailing skills.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 60%)
The Coconut Grove Sailing Club Instructional Center Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various aspects of its operations. While the organization excels in areas such as having a fully independent board and a high program expense ratio of 93.22%, there are significant concerns regarding its financial transparency, as it has not provided financial statements.
The organization demonstrates strong accountability measures, including a conflict of interest policy and documented board meeting minutes. However, the lack of financial statements raises red flags about its overall financial health and transparency. Additionally, the liabilities to assets ratio of 203.07% suggests that the organization's liabilities significantly exceed its assets, which could pose potential risks for sustainability.
Overall, while the Coconut Grove Sailing Club Instructional Center shows strengths in governance and program spending, its financial reporting deficiencies and high liabilities may hinder its ability to attract donor confidence and support.
This AI summary has been generated from information found on Charity Navigator.
Is Coconut Grove Sailing Club Instructional Center Inc legitimate?
Coconut Grove Sailing Club Instructional Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coconut Grove Sailing Club Instructional Center 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: $456,869
For more financial information, click here
What is the mission statement of Coconut Grove Sailing Club Instructional Center Inc?
The Coconut Grove Sailing Club Instructional Center Inc is committed to fostering an appreciation for sailing. One of their primary objectives is to offer equipment and instruction to both adults and young individuals, aiming to enhance their interest in the sport. Furthermore, the institution encourages young people to learn sailing, promoting the activity as a whole. Their mission also includes encouraging water safety education alongside sailing lessons.
Who is the CEO of Coconut Grove Sailing Club Instructional Center Inc?
James Grupenhoff is the Principal Officer of Coconut Grove Sailing Club Instructional Center Inc.
What is the revenue of Coconut Grove Sailing Club Instructional Center Inc?
Coconut Grove Sailing Club Instructional Center Inc's revenue in 2022 was $980,643.
Who are the executives of Coconut Grove Sailing Club Instructional Center Inc and what are their salaries?
The average compensation at Coconut Grove Sailing Club Instructional Center Inc during 2022 was $12,348. There are 37 employees and 10 volunteers at Coconut Grove Sailing Club Instructional Center Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
Where can I find the form 990 for Coconut Grove Sailing Club Instructional Center Inc?
Coconut Grove Sailing Club Instructional Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coconut Grove Sailing Club Instructional Center Inc
The Coconut Grove Sailing Club Instructional Center Inc is dedicated to fostering an appreciation for sailing and encouraging both adults and young individuals to engage in this sport. To achieve this goal, the organization provides essential equipment and instructional programs, aiming to enhance interest in sailing and inspire learning. By doing so, the Center seeks to motivate young people to delve into the world of sailing, promoting a sense of enjoyment and skill development in this aquatic activity. Additionally, the Center emphasizes water safety as a crucial aspect of its mission, ensuring that participants are well-equipped to navigate the water safely and responsibly.
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Impact
July, 2024
Coconut Grove Sailing Club Instructional Center Inc's impact lies in promoting an appreciation of sailing, providing equipment and instruction to enhance an interest in sailing, and encouraging young people to learn sailing. By offering education and training in the sport of sailing, the center contributes to the development of water safety skills in both adults and young individuals. Through its activities, the Coconut Grove Sailing Club Instructional Center Inc plays a significant role in fostering a love for sailing and water-based recreation in the community of Miami, Florida.
This information is meant to be a general summary of Coconut Grove Sailing Club Instructional Center 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: -$3,194
- Program Service Revenue: $904,580
- Gross Receipts: $1,036,147
Assets and Liabilities:
- Total Assets: $177,946
- Total Liabilities: $198,517
- Net Assets: -$20,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SAILING CLASSES-INSTRUCTION
Revenue
$850,580
MDCPS + YOUTH SCHOLARSHIPS
Revenue
$54,000
Organization Details
Founding Year
2014
Phone
(305) 444-4571Principal Officer
James Grupenhoff
Main Address
2990 S BAYSHORE DR, MIAMI, FL, 33133
NTEE Category
Code: N67 - Recreation
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