Overview
What is Sail Sand Point?
Sail Sand Point is a community-focused boating center situated in Seattle, Washington. Their mission is to offer sailing opportunities for both youth and adults, fostering a love for the water. They run summer camps and provide scholarships to underprivileged youth sailors through their Leeway program. Moreover, they offer sailing lessons to 239 adults, many of whom then have the chance to rent boats from Sail Sand Point after completing their courses. This nonprofit also extends a helping hand to disadvantaged, at-risk, and/or disabled youth by providing them with sailing experiences.
Official website here: www.sailsandpoint.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55% (One-Star out of Four Star rating)
Sail Sand Point has received a low rating of 55%, reflecting significant concerns regarding its financial transparency and management practices. While the organization boasts a fully independent board with 11 members and has established policies for conflict of interest and asset diversion, it struggles particularly in the areas of financial documentation and program expenses.
The accountability and finance score highlights that while it adheres to some governance standards, it lacks critical documentation such as financial statements and policies for whistleblower protections and document retention. This absence of transparency in financial reporting is a major issue, affecting the organization's overall credibility.
Despite having a reasonable liabilities to assets ratio of 2.29%, indicating a strong financial position, the program expense ratio of 52.18% is below expectations. This suggests that a lower percentage of its funds are directed toward programs and services, raising questions about the effectiveness of its operations and resource allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Sail Sand Point legitimate?
Sail Sand Point is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sail Sand Point 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: $77,987
Professional Fundraising Fees: $0
Other Salaries and Wages: $429,534
For more financial information, click here
Official website here: www.sailsandpoint.org
What is the mission statement of Sail Sand Point?
Sail Sand Point serves as a community boating center, dedicating its efforts to providing sailing experiences for both young and adult individuals. They offer various programs, such as summer camps and scholarships for youth sailors, and have a program named Leeway, which caters to disadvantaged, at-risk, and/or disabled youth. Moreover, they have conducted sailing classes for 239 adults, offering scholarship opportunities to many of them. These classes enable students to subsequently rent boats from Sail Sand Point, thereby fostering a sense of independence and enjoyment in sailing.
Official website here: www.sailsandpoint.org
Who is the CEO of Sail Sand Point?
Seth Muir is the Executive Director of Sail Sand Point.
Official website here: www.sailsandpoint.org
What is the revenue of Sail Sand Point?
Sail Sand Point's revenue in 2022 was $872,944.
Official website here: www.sailsandpoint.org
Who are the executives of Sail Sand Point and what are their salaries?
The average compensation at Sail Sand Point during 2022 was $11,033. There are 46 employees and 95 volunteers at Sail Sand Point.
Here are 11 key members and their salaries:
- Compensation: $77,987
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- Other: $0
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Official website here: www.sailsandpoint.org
Where can I find the form 990 for Sail Sand Point?
Sail Sand Point's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sailsandpoint.org
Learn more at the official website: www.sailsandpoint.org
Mission Statement of Sail Sand Point
Sail Sand Point, a community boating center, is dedicated to providing sailing opportunities for both young and adult individuals. Their mission is to foster a welcoming environment where individuals can learn and enjoy the sport of sailing. The organization offers various programs, including camps and scholarships for youth sailors, and a program called Leeway, which caters to disadvantaged, at-risk, and/or disabled youth. Furthermore, Sail Sand Point extends its sailing lessons to adults, providing scholarship opportunities for many students to then rent boats from the center. By doing so, the organization ensures that sailing remains accessible to a diverse range of individuals, fostering a sense of community and promoting a love for the sport.
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Impact
July, 2024
Sail Sand Point provides sailing opportunities for both youth and adults in Seattle, WA. They offer camps, award scholarships to youth sailors, and run a program called Leeway for disadvantaged, at-risk, and disabled youth. Additionally, they have taught 239 adults how to sail, with scholarship opportunities available for these classes. This enables most students to rent boats from Sail Sand Point, enriching the community with accessible boating experiences.
This information is meant to be a general summary of Sail Sand Point. 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: -$32,383
- Program Service Revenue: $774,363
- Gross Receipts: $875,048
Assets and Liabilities:
- Total Assets: $1,511,691
- Total Liabilities: $31,260
- Net Assets: $1,480,431
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Boat Storage
Revenue
$157,298
Open Sailing
Revenue
$138,348
Sail Camp
Revenue
$410,695
Lessons
Revenue
$68,022
Organization Details
Founding Year
1998
Phone
(206) 625-8782Principal Officer
Seth Muir
Main Address
7861 62nd Ave NE, Seattle, WA, 98115
Website
www.sailsandpoint.orgNTEE Category
Code: N20 - Recreation
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