Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
4 people listed on the 990.
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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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Organizes sailboat racing for youth, teaching skills and fostering character development.
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The corporation promotes, encourages, organizes and conducts sailboat racing activities for healthful, wholesome, and character-building sport of sailing for youth: to disseminate information about the sport of sailboat racing; to assist in developing youth sailboat racing abilities to enable them to compete in local, regional, national…
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By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $87K | $139K |
| Land, buildings, equipmentLn 10c | $0 | $19K |
| Total assetsLn 16 | $87K | $158K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $87K | $158K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $254K | $254K | ||
| Payroll taxesLn 10 | $19K | $19K | ||
| Legal feesLn 11b | $4K | $3K | $942 | |
| Accounting feesLn 11c | $13K | $9K | $3K | |
| Other fees for servicesLn 11g | $80K | $80K | ||
| Office expensesLn 13 | $3K | $3K | ||
| TravelLn 17 | $32K | $32K | ||
| Depreciation, depletion and amortizationLn 22 | $34K | $34K | ||
| InsuranceLn 23 | $24K | $20K | $4K | |
| Other expenses (24a–d)Ln 24 | $78K | $78K | ||
| Total functional expensesLn 25 | $540K | $532K | $8K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $610K | $540K | $70K | $158K | 990 PDF |
| FY2023 | $490K | $479K | $11K | $87K | 990 PDF |
| FY2022 | $453K | $494K | −$41K | $76K | 990 PDF |
| FY2021 | $429K | $403K | $26K | $117K | 990 PDF |
| FY2020 | $375K | $384K | −$9K | $91K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $610,163 across 4 lines filed
Part IX · Statement of functional expenses $539,667 across 10 lines filed
Part X · Balance sheet $157,744 assets, 6 lines filed
Part XI · Reconciliation of net assets $157,744 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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