Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
| FY2020 | $273K |
|---|---|
| FY2021 | $383K |
| FY2022 | $425K |
| FY2023 | $536K |
| FY2024 | $446K |
| FY2020 | $124K |
|---|---|
| FY2021 | $92K |
| FY2022 | $99K |
| FY2023 | $175K |
| FY2024 | $143K |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 94% | — | — |
| Overhead ratio | 6% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -0.7% | — | — |
| Accounting fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
Kurt Thomsen’s $109K as Sailing Master is at the 39th percentile of top reported officer pay among 1842 $1–10M 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.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 |
|---|---|---|
| Kurt Thomsen | $108,893 | $100,888 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
Mission and programs
Promote safe, responsible, and enjoyable sailing and boating for everyone.
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Where the work happens
The programs cater to small children beginning at age 5, young adults of high school and university age, and adults. Curriculum ranges from an introduction to sailing and seamanship through advanced dinghy and keelboat racing. U.S. Sailing's recognized curricula is used and employees are certified to instruct these elements.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 Latest Viewing | $1.0M | $1.1M | -0.7% | 990 PDF |
| FY2023 | $1.0M | $987K | +8% | 990 PDF |
| FY2022 | $947K | $913K | +9% | 990 PDF |
| FY2021 | $866K | $723K | +49% | 990 PDF |
| FY2020 | $583K | $620K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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