Overview
What is National Sailing Hall Of Fame & Museum Inc?
National Sailing Hall of Fame & Museum Inc, recognized as The Sailing Museum, is a nonprofit organization situated in Newport, Rhode Island. Established with a vision to create a museum and learning center, they opened their doors to the public in May 2022. The primary mission of this organization is to recognize and encourage achievements in sailing and promote the sport. By preserving sailing's history and its impact on American culture, they honor those who have made significant contributions to the sport. The museum serves as an inclusive and engaging platform for individuals, particularly young ones, to learn about sailing through interactive exhibits, fostering scholastic and life skills development. With a team of 15 dedicated employees, they aim to inspire and cultivate the next generation of sailors and innovators.
Official website here: www.nshof.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Stars
The National Sailing Hall Of Fame & Museum Inc has achieved an impressive rating of 91%, placing it in the Four-Star category, which signifies strong performance in accountability and finance. This rating is derived entirely from its accountability and finance score, reflecting a high level of transparency and responsible financial practices.
The organization demonstrates significant strengths in its governance, with a fully independent board consisting of 25 members. Additionally, it scores perfectly in areas such as audit oversight, conflict of interest policies, and the documentation of board meeting minutes. Its liabilities to assets ratio is notably low at 23.43%, indicating prudent financial management.
While the program expense ratio stands at 65.98%, which is a solid percentage, it is slightly below the highest benchmarks. This indicates that while the organization is effectively utilizing its funds, there may be opportunities to increase program spending relative to administrative costs. Overall, the National Sailing Hall Of Fame & Museum Inc shows a strong commitment to accountability and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is National Sailing Hall Of Fame & Museum Inc legitimate?
National Sailing Hall Of Fame & Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Sailing Hall Of Fame & Museum 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: $174,292
Professional Fundraising Fees: $0
Other Salaries and Wages: $339,293
For more financial information, click here
Official website here: www.nshof.org
What is the mission statement of National Sailing Hall Of Fame & Museum Inc?
The National Sailing Hall of Fame & Museum Inc's mission is centered around recognizing and fostering achievements in sailing and the sport itself. The organization serves to preserve the history and cultural impact of sailing, honoring those who have made significant contributions. Additionally, it demonstrates the value of sailing in promoting scholastic and life skills learning. Furthermore, the National Sailing Hall of Fame & Museum Inc encourages the development and participation in sailing, acting as a welcoming and inclusive platform for individuals to learn about the sport through engaging and interactive exhibits.
Official website here: www.nshof.org
Who is the CEO of National Sailing Hall Of Fame & Museum Inc?
Gary Jobson is the Co-Pres. Start November of National Sailing Hall Of Fame & Museum Inc.
Official website here: www.nshof.org
What is the revenue of National Sailing Hall Of Fame & Museum Inc?
National Sailing Hall Of Fame & Museum Inc's revenue in 2022 was $1,401,815.
Official website here: www.nshof.org
Who are the executives of National Sailing Hall Of Fame & Museum Inc and what are their salaries?
The average compensation at National Sailing Hall Of Fame & Museum Inc during 2022 was $34,239. There are 15 employees and 30 volunteers at National Sailing Hall Of Fame & Museum Inc.
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Official website here: www.nshof.org
Where can I find the form 990 for National Sailing Hall Of Fame & Museum Inc?
National Sailing Hall Of Fame & Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nshof.org
Learn more at the official website: www.nshof.org
Mission Statement of National Sailing Hall Of Fame & Museum Inc
The National Sailing Hall of Fame & Museum Inc aims to recognize and encourage excellence in American sailors and the sport of sailing itself. This nonprofit organization achieves this goal by preserving the history of sailing and its impact on the American culture, honoring individuals who have made significant contributions to the sport, demonstrating its value in fostering scholastic and life skills learning, and encouraging sailing development and participation. The Museum, which opened its doors to the public in May 2022, serves as a hub for these purposes. Within this historic building, visitors can celebrate the rich heritage of sailing, pay tribute to its legends, and inspire future generations of sailors and innovators through immersive and interactive exhibits. The National Sailing Hall of Fame & Museum Inc seeks to be an inclusive and welcoming space for all, offering an opportunity to learn about the sport of sailing in a unique and engaging manner.
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Impact
July, 2024
The National Sailing Hall of Fame & Museum Inc's impact lies in its dedication to preserving the history of sailing, honoring outstanding contributors to the sport, and fostering scholastic and life skills learning through its museum and Hall of Fame. By opening its doors to the public in Newport, RI, the museum serves as a hub for celebrating sailing heritage, honoring legends, and inspiring new generations of sailors and innovators through immersive and interactive exhibits. Through these efforts, the organization plays a vital role in promoting the sport of sailing and its cultural significance, while encouraging participation and development within the sailing community.
This information is meant to be a general summary of National Sailing Hall Of Fame & Museum 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: $336
- Program Service Revenue: $204,216
- Gross Receipts: $1,508,188
Assets and Liabilities:
- Total Assets: $11,548,014
- Total Liabilities: $2,706,852
- Net Assets: $8,841,162
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDUCTION
Revenue
$53,200
ADMISSIONS
Revenue
$132,420
MEMBERSHIPS
Revenue
$18,096
TOURS & PROGRAMS
Revenue
$500
Organization Details
Founding Year
2004
Phone
(401) 324-5761Principal Officer
Gary Jobson
Main Address
365 THAMES STREET, NEWPORT, RI, 02840
Website
www.nshof.orgNTEE Category
Code: A50 - Arts
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