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The Sailing Foundation of New York Inc.

The Sailing Foundation of New York Inc.

Rye, NY 10580
Tax ID13-7308006

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About this organization

Revenue

$810,406

Expenses

$711,727

Website

sailingfoundationofnewyork.org

Mission

The Foundation supports Amateur sports participation in competitive sailing through clinics, coaching and other educational activities. The Foundation also provides financial assistance to deserved athletes competing in regional, national and international competitions. The Foundation also identifies opportunities for training and development provided by other charitable exempt organizations that facilitate the participation of amateur athletes in such marine related educational programs.

About

The Foundation provides funding opportunities for Olympic Athletes competing in regional, national and international competitions. Grants are made to reimburse these athletes for expenses incurred training for Olympic events. The Foundation also supports Olympic sailing athletes with grants to US Sailing's Olympic Sailing Program.

Interesting data from their 2020 990 filing

The filing sets forth the mission of the non-profit as “The foundation supports amateur sports participation in competitive sailing through clinics, coaching and other educational activities. the foundation also provides financial assistance to deserved athletes competing in regional, national and international competitions. the foundation also identifies opportunities for training and development provided by other charitable exempt organizations that facilitate the participation of amateur athletes in such marine related educational programs.”.

When detailing its responsibilities, they were listed as: “The foundation supports amateur sports participation in competitive sailing through clinics, coaching and other educational activities. the foundation also provides financial assistance to deserved athletes competing in regional, national and international competitions. the foundation also identifies opportunities for training and development provided by other charitable exempt organizations that facilitate the participation of amateur athletes in such marine related educational programs.”.

  • The state in which the non-profit is legally permitted to operate is NY.
  • The address of the non-profit for 2020 according to the filing is PO Box 124, Rye, NY, 10580.
  • The number of employees reported by the non-profit on their form as of 2020 is 0.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $100,000 and $250,000.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $98,679.
  • The CEO compensation scheme within the organization is not based on a review and endorsement process by an independent body.
  • The organization has 7 independent voting members.
  • The organization was formed in 2003.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $81,080 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.

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