Is it real?
Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Oct 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
74 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990.
Michael Casey Duva’s $30K as Executive Director is at the 46th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers affordable sailing and boating programs and memberships for everyone.
Questions for Regatta Point Community Sailing INC
Your first name shows with your question. Regatta Point Community Sailing INC answers here, for everyone.
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Low cost sailing, rowing, paddling and instruction made available to the public.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $197K | $5K |
| Land, buildings, equipmentLn 10c | $27K | $149K |
| Total assetsLn 16 | $251K | $174K |
| LiabilitiesLn 26 | $195K | $319K |
| Net assetsLn 32 | $56K | −$145K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $21K | $21K | ||
| Other salaries and wagesLn 7 | $412K | $343K | $70K | |
| Payroll taxesLn 10 | $48K | $38K | $10K | |
| Accounting feesLn 11c | $9K | $9K | ||
| Advertising and promotionLn 12 | $50K | $50K | ||
| Office expensesLn 13 | $9K | $9K | ||
| Information technologyLn 14 | $17K | $17K | ||
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| InterestLn 20 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $58K | $56K | $1K | |
| InsuranceLn 23 | $26K | $22K | $4K | |
| Other expenses (24a–d)Ln 24 | $214K | $190K | $24K | |
| All other expensesLn 24e | $59K | $39K | $20K | |
| Total functional expensesLn 25 | $930K | $690K | $240K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 13, 2025 | $729K | $930K | −$200K | −$145K | 990 PDF |
| FY2023Filed with the IRS Oct 28, 2024 | $409K | $385K | $24K | $56K | 990 PDF |
| FY2022Filed with the IRS Feb 1, 2024 | $358K | $362K | −$3K | $32K | 990 PDF |
| FY2021Filed with the IRS Nov 14, 2022 | $327K | $247K | $79K | $34K | 990 PDF |
| FY2020Filed with the IRS Nov 12, 2021 | $142K | $180K | −$38K | −$45K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $729,026 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, no flags
Part VIII · Statement of revenue $729,026 across 7 lines filed
Part IX · Statement of functional expenses $929,515 across 13 lines filed
Part X · Balance sheet $174,123 assets, 13 lines filed
Part XI · Reconciliation of net assets −$144,924 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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