philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Clagett Sailing FY2023 filing

Tax-deductible

Portsmouth, RI501(c)(3)Recreation & SportsEIN 27-1789166Revenue $299K in FY2023

On file with the IRSclagettregatta.org231 Indian Ave, 02871-5152 · Portsmouth, RITax-exempt since Mar 2010Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

To foster national and international amateur competitive sailing opportunities for sailors with physical disabilities and help them achieve their individual goals in sailing through world-class coaching and competition.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $32K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $29K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$253
0.04% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
+7% vs prior year
Spent
$276K
To programs
70%
Net assets
$694K
By yearFY2020–FY2024
Revenue
$299K
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$258K
FY2021$356K
FY2022$281K
FY2023$299K
FY2024$298K
Expenses
$276K
FY2023▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$199K
FY2021$237K
FY2022$315K
FY2023$276K
FY2024$306K
Net assets
$694K
FY2023▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$654K
FY2021$713K
FY2022$630K
FY2023$694K
FY2024$686K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $193K Management & general 19% · $54K Fundraising 11% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Carol Barrow
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jack Grant
Director
$0Pt VII · Sec A
Daniel Hatch
Director
$0Pt VII · Sec A
See Clagett Sailing executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 15aNo

Programs and updates

Enables disabled sailors to compete nationally and internationally with expert coaching.

Questions for Clagett Sailing

Tap to ask. Clagett Sailing sees how many people are interested.

Your first name shows with your question. Clagett Sailing answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $193K · in their own filed words · FY2023
01

Clagett sailings celebrated its 21TH anniversary this year. In 2023, clagett sailing presented its fleet racing clinic and regatta in newport, ri, a match racing clinic and regatta in oyster bay, new york, and a fleet racing regatta in oxford, maryland.

$193Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$8K
Rhode Island Turnpike and Bridge FoundationFY2024$6K
The Jaffe Family FoundationFY2024$6K
The Schmetterling FoundationFY2024$5K
Quarterdeck FoundationFY2024$2K
M Holt Massey Charitable TrustFY2024$1K
Total grants receivedfrom 6 funders$29K
See all 6 funders →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$237K
Other incomeLn 4–11$48K
Investment incomeLn 3$8K
Money outPt IX
$276K
Ln 25
Programscol B$193K
Managementcol C$54K
Fundraisingcol D$30K
Owns and owesPt X
$694K
net assets · Ln 32
Cash and savingsLn 1–2$204K
Total assetsLn 16$694K
LiabilitiesLn 26$253
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$237K
Noncash giftsLn 1g$22K
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$6K
Investment incomeLn 3$8K
Other incomeLn 4–11$48K
Gains on assetsLn 7−$4K
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$204K
Cash and savings togetherLn 1–2$204K
InvestmentsLn 11–13$408K
Land, buildings, equipmentLn 10c$82K
Total assetsLn 16$694K
LiabilitiesLn 26$253
Net assetsLn 32$694K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6132
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$186K$204K
InvestmentsLn 11–13$336K$408K
Land, buildings, equipmentLn 10c$108K$82K
Total assetsLn 16$630K$694K
LiabilitiesLn 26$160$253
Net assetsLn 32$630K$694K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$21K$21K
Other salaries and wagesLn 7$56K$28K$17K$11K
Payroll taxesLn 10$6K$3K$2K$1K
Legal feesLn 11b$500$500
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$123K$84K$23K$17K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$156$156
Information technologyLn 14$2K$2K
TravelLn 17$406$406
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$29K$29K
Total functional expensesLn 25$276K$193K$54K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $298K$306K−$7K$686K 990 PDF
FY2023 Viewing $299K$276K$23K$694K 990 PDF
FY2022 $281K$315K−$35K$630K 990 PDF
FY2021 $356K$237K$120K$713K 990 PDF
FY2020 $258K$199K$60K$654K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $299,452 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $241,157$237,418
I-9 Program service revenuePrior year $7,250$6,300
I-10 Investment incomePrior year −$12,336$7,976
I-11 Other revenuePrior year $44,501$47,758
I-12 Total revenuePrior year $280,572$299,452
I-13 Grants and similar amounts paidPrior year $43,136$21,458
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $59,197$62,537
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $212,975$192,277
I-18 Total expensesPrior year $315,308$276,272
I-19 Revenue less expensesPrior year −$34,736$23,180
Part VI · Governance 20 of 20 board members independent, 3 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $299,452 across 10 lines filed
VIII-1c Fundraising events$13,950
VIII-1f All other contributions, gifts and grants$223,468
VIII-1g Noncash contributions (included above)$22,079
VIII-1h Total contributions, gifts and grants$237,418
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,300$6,300
VIII-3 Investment incomeExcluded from tax $11,682$11,682
VIII-7 Net gain or loss on sales of assetsRelated to mission −$3,706−$3,706
VIII-8 Net income from fundraising eventsExcluded from tax $29,650$46,372
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,386$1,386
VIII-12 Total revenueRelated to mission $2,594 · Excluded from tax $42,718$299,452
Part IX · Statement of functional expenses $276,272 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $21,458$21,458
IX-7 Other salaries and wagesPrograms $28,208 · Management $16,925 · Fundraising $11,283$56,416
IX-10 Payroll taxesPrograms $3,061 · Management $1,836 · Fundraising $1,224$6,121
IX-11b Legal feesManagement $500$500
IX-11f Investment management feesManagement $5,397$5,397
IX-11g Other fees for servicesPrograms $83,619 · Management $22,521 · Fundraising $17,056$123,196
IX-12 Advertising and promotionManagement $3,686$3,686
IX-13 Office expensesManagement $156$156
IX-14 Information technologyManagement $2,413$2,413
IX-17 TravelManagement $406$406
IX-22 Depreciation, depletion and amortizationPrograms $27,415$27,415
IX-23 InsurancePrograms $29,108$29,108
IX-25 Total functional expensesPrograms $192,869 · Management $53,840 · Fundraising $29,563$276,272
Part X · Balance sheet $694,032 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $186,151$204,197
X-10c Land, buildings and equipment, netStart of year $107,966$82,048
X-12 Other securitiesStart of year $335,846$407,787
X-16 Total assetsStart of year $629,963$694,032
X-17 Accounts payable and accrued expensesStart of year $160$253
X-26 Total liabilitiesStart of year $160$253
X-32 Total net assets or fund balancesStart of year $629,803$693,779
X-33 Total liabilities and net assetsStart of year $629,963$694,032
Part XI · Reconciliation of net assets $693,779 net assets at year end
XI-1 Total revenue$299,452
XI-2 Total expenses$276,272
XI-3 Revenue less expenses$23,180
XI-4 Net assets at start of year$629,803
XI-5 Net unrealized gains (losses) on investments$40,796
XI-10 Net assets at end of year$693,779

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.