Lisot Sailing Foundation Inc

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

EIN: 812660652 ✦ Darien, CT ✦ Designated as a 501(c)(3)

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Overview

What is Lisot Sailing Foundation Inc?

Lisot Sailing Foundation Inc, based in Darien, Connecticut, is a nonprofit organization with a mission to foster sailboat racing for youth. Their primary objective is to promote, encourage, and organize sailboat racing activities, serving as a platform for healthy, wholesome, and character-building sports. The foundation disseminates information about sailboat racing to children and young people, helping them develop their skills to compete at local, regional, national, and international levels. Furthermore, they assist in setting and achieving sailboat racing goals for children, young people, and their families, contributing to a holistic and enriching experience in the sport. With a workforce of three individuals, Lisot Sailing Foundation Inc is dedicated to nurturing young sailors and fostering their passion for the sport.


Official website here: www.lisot.org

Is Lisot Sailing Foundation Inc legitimate?

Lisot Sailing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lisot Sailing 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,424

For more financial information, click here


Official website here: www.lisot.org

What is the mission statement of Lisot Sailing Foundation Inc?

The Lisot Sailing Foundation Inc's mission is to encourage, promote, and organize sailboat racing activities for youth, fostering a healthy, wholesome, and character-building experience. The organization aims to disseminate information about sailboat racing to children and young people. It also assists them in developing their sailing skills, enabling them to compete at local, regional, national, and international levels. Additionally, the foundation helps children and their families in setting and achieving their goals in sailboat racing.


Official website here: www.lisot.org

Who is the CEO of Lisot Sailing Foundation Inc?

Michael Rudnick is the President of Lisot Sailing Foundation Inc.


Official website here: www.lisot.org

What is the revenue of Lisot Sailing Foundation Inc?

Lisot Sailing Foundation Inc's revenue in 2022 was $453,394.


Official website here: www.lisot.org

Who are the executives of Lisot Sailing Foundation Inc and what are their salaries?

The average compensation at Lisot Sailing Foundation Inc during 2022 was $75,141. There are 3 employees and 12 volunteers at Lisot Sailing Foundation Inc.


Here are 3 key members and their salaries:


Michael Rudnick (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Cowles (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Wefer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lisot.org

Where can I find the form 990 for Lisot Sailing Foundation Inc?

Lisot Sailing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lisot.org

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

Mission Statement of Lisot Sailing Foundation Inc

Lisot Sailing Foundation Inc is dedicated to promoting and encouraging sailboat racing activities as a healthy, wholesome, and character-building sport for youth. The primary mission of this nonprofit organization is to disseminate information about sailboat racing to children and young people, assisting them in developing their sailboat racing abilities. This enables them to compete at various local, regional, national, and international levels. Furthermore, Lisot Sailing Foundation Inc aids children and their families in setting and achieving their goals in the sport of sailboat racing. Overall, the foundation's objectives aim to contribute positively to the development and growth of young individuals through sailboat racing while building their character and promoting a healthy lifestyle.

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Impact




October, 2024

Lisot Sailing Foundation Inc significantly impacts youth by fostering a love for sailing and promoting the sport of sailboat racing as a healthy, wholesome, and character-building activity. Through organized racing activities, the foundation encourages young people to engage in teamwork, discipline, and perseverance, essential skills that serve them well beyond the water.

By disseminating information about sailboat racing, the organization provides children and young people with the opportunity to learn about the sport’s intricacies and challenges. It also plays a crucial role in helping them develop their racing abilities, empowering them to participate in various competitions at the local, regional, national, and even international levels.

Furthermore, Lisot Sailing Foundation Inc supports not only the athletes but also their families by guiding them in setting and achieving goals in the sport. This holistic approach cultivates a sense of achievement and community, ultimately contributing to the personal growth of youth involved in sailing. In doing so, the foundation helps shape responsible, confident, and capable young individuals, instilling values that will benefit them in all aspects of life.




This information is meant to be a general summary of Lisot Sailing 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.

Revenue
$453,394 (2022)
Expenses
$494,133 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $20
  • Program Service Revenue: $387,075
  • Gross Receipts: $453,394

Assets and Liabilities:

  • Total Assets: $75,827
  • Total Liabilities: $0
  • Net Assets: $75,827

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Programs

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

SAILING EDUCATION

Revenue

$387,075

Organization Details

Founding Year

2016

Principal Officer

Michael Rudnick

Main Address

56 CEDAR GATE ROAD, DARIEN, CT, 06820

NTEE Category

Code: Z99 - Unknown

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