Overview
What is Sailfish Point Foundation Inc?
Sailfish Point Foundation Inc, located in Martin County, Florida, is a nonprofit organization dedicated to supporting the local community. Their primary mission is to help needy children, adult residents, and employees of Sailfish Point POA lead more successful and joyful lives. This is achieved through various means, including offering scholarships for 126 college students. The foundation's activities encompass more than just financial aid; they aim to empower individuals to pursue their education and improve their lives overall.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Sailfish Point Foundation Inc has earned a solid rating of 87%, which highlights its commitment to effective program delivery and financial accountability. The organization has an exceptional Impact & Measurement Score of 100, indicating that its programs are not only impactful but also well-evaluated. With a high program expense ratio of 92.37%, it demonstrates that a significant portion of its funds goes directly towards its charitable programs.
Despite its strengths, the foundation has some areas for improvement in accountability and finance, reflected in its lower score of 71 in this category. While it boasts a fully independent board and has implemented several important policies, it is missing a whistleblower policy and a document retention and destruction policy, which could enhance its governance framework. These gaps in policy may raise concerns among donors regarding transparency and risk management.
Overall, Sailfish Point Foundation Inc shows a strong commitment to its mission and effective use of resources, making it a reputable nonprofit. However, addressing the identified policy gaps could further strengthen its organizational governance and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Sailfish Point Foundation Inc legitimate?
Sailfish Point Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sailfish Point Foundation 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.
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What is the mission statement of Sailfish Point Foundation Inc?
The Sailfish Point Foundation's mission is to offer financial aid to disadvantaged children, adults, and employees from a specific community, aiming to enhance their lives and provide them with more successful and fulfilling experiences. This support extends to assisting individuals in pursuing higher education. The foundation fulfills its mission by providing scholarships to 126 college students as part of its program.
Who is the CEO of Sailfish Point Foundation Inc?
Kathy Hanson is the Director Emeritus of Sailfish Point Foundation Inc.
What is the revenue of Sailfish Point Foundation Inc?
Sailfish Point Foundation Inc's revenue in 2023 was $646,189.
Who are the executives of Sailfish Point Foundation Inc and what are their salaries?
There 12 volunteers at Sailfish Point Foundation Inc.
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Where can I find the form 990 for Sailfish Point Foundation Inc?
Sailfish Point Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sailfish Point Foundation Inc
The Sailfish Point Foundation, in its mission, aims to extend financial aid to disadvantaged children, adults, and employees of Sailfish Point POA in Martin County, Florida. The primary objective of this nonprofit organization is to empower these individuals to lead more successful and content lives. This support encompasses, but is not limited to, facilitating the pursuit of a formal education for these individuals. By offering scholarships, the Sailfish Point Foundation plays a significant role in uplifting its beneficiaries, enabling them to unlock their full potential and enjoy a happier existence.
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Impact
July, 2024
The impact of Sailfish Point Foundation Inc is evident in the lives of needy children and adult residents of Martin County, Florida, as well as employees of Sailfish Point POA who benefit from financial support to help them lead more successful and happier lives. Through scholarships and other forms of assistance, the foundation enables individuals to pursue formal education and access opportunities that may not have been otherwise available to them. The foundation's focus on education plays a crucial role in empowering individuals and enhancing their prospects for a brighter future.
This information is meant to be a general summary of Sailfish Point Foundation 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 2023.
- Investment Income: $17,417
- Gross Receipts: $738,711
Assets and Liabilities:
- Total Assets: $1,621,321
- Total Liabilities: $369,319
- Net Assets: $1,252,002
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Organization Details
Founding Year
1999
Phone
(772) 225-1000Principal Officer
Kathy Hanson
Main Address
2201 SE SAILFISH POINT BLVD, STUART, FL, 349951107
NTEE Category
Code: B82 - Education
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