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Sail Hope Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472546940 ✦ Hannacroix, NY ✦ Designated as a 501(c)(3)

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Overview

What is Sail Hope Inc?

Sail Hope Inc, located in Hannacroix, New York, is a dedicated nonprofit organization. Their primary mission is to empower women in need by offering sailing experiences. This unique approach aims to provide a fresh outlook on life, revitalizing the perspectives of the women who participate. By offering sailing instruction, Sail Hope Inc strives to foster personal growth and transformation among its participants. The organization operates with a vision to make a positive impact on the lives of women in need, offering them a renewed sense of hope and self-confidence.


Official website here: www.sailhope.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 38%, Zero-Star out of Four Star rating.

Sail Hope Inc has received a low rating of 38% from Charity Navigator, which indicates significant concerns regarding its accountability and financial management practices. Key factors contributing to this rating include the complete lack of independent board members and missing policies such as conflict of interest and whistleblower protections. Additionally, the organization has failed to provide publicly accessible board meeting minutes and its tax forms on its website.

Despite these shortcomings, Sail Hope Inc does demonstrate a strong program expense ratio, meaning that 100% of its expenses are directed towards its programs. This can be seen as a positive aspect, indicating a commitment to mission-driven work. However, the high liabilities to assets ratio of 172.14% raises further concerns about the financial health of the organization.

Overall, while Sail Hope Inc shows dedication to its programs, the lack of transparency and governance structures significantly undermine its credibility. Prospective donors should carefully consider these factors when evaluating the organization for support.


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

Is Sail Hope Inc legitimate?

Sail Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sail Hope 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: $5,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.sailhope.org

What is the mission statement of Sail Hope Inc?

Sail Hope Inc's mission is centered around providing an enriching sailing experience and instruction to women, aiming to offer them a renewed perspective on life. The organization's main objective is to revitalize the outlook of women in need through this unique experience. By engaging in sailing activities, participants are expected to gain a fresh perspective on life, fostering personal growth and self-discovery.


Official website here: www.sailhope.org

Who is the CEO of Sail Hope Inc?

Jessica Coulter is the President of Sail Hope Inc.


Official website here: www.sailhope.org

What is the revenue of Sail Hope Inc?

Sail Hope Inc's revenue in 2022 was $3,920.


Official website here: www.sailhope.org

Who are the executives of Sail Hope Inc and what are their salaries?


There is 1 key member and their salary:


Jessica Coulter (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sailhope.org

Where can I find the form 990 for Sail Hope Inc?

Sail Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sailhope.org

Learn more at the official website: www.sailhope.org

Mission Statement of Sail Hope Inc

Sail Hope Inc, a nonprofit organization, is committed to offering sailing experiences and instructions to women in need. The primary aim of Sail Hope Inc is to provide these women with a renewed perspective on life. By engaging in sailing activities, the participants are offered an opportunity to step away from their daily struggles and gain a fresh outlook on life. This unique approach allows women to reconnect with themselves and their surroundings, potentially leading to personal growth and transformation.

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Impact




August, 2024

Sail Hope Inc's impact lies in offering women in need the experience and instruction of sailing to provide a vital renewed perspective on life. Through this unique program, women have the opportunity to revitalize their outlook and gain valuable skills and experiences that can positively impact their lives. By focusing on human services through the medium of sailing, Sail Hope Inc is making a tangible difference in the lives of those who participate in their program.




This information is meant to be a general summary of Sail Hope 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.

Revenue
$3,920 (2022)
Expenses
$15,156 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $3,920

Assets and Liabilities:

  • Total Assets: $15,575
  • Total Liabilities: $26,811
  • Net Assets: -$11,236

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

charters

Organization Details

Founding Year

2014

Principal Officer

Jessica Coulter

Main Address

C/O COULTER 10 NORTH RIDGE ROAD, HANNACROIX, NY, 12087

NTEE Category

Code: P20 - Human services

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