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
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
3 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.
Questions for Lisot Sailing Foundation INC
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The corporation will promote, encourage, organize and conduct sailboat racing activities for healthful, wholesome, and character-building sport for youth: to disseminate information to children and young people about the sport of sailboat racing; to assist children and young people in developing their sailboat racing abilities to enable…
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $76K | $87K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $76K | $87K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $76K | $87K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $211K | $211K | ||
| Pension plan contributionsLn 8 | $15K | $15K | ||
| Payroll taxesLn 10 | $16K | $16K | ||
| Legal feesLn 11b | $12K | $12K | ||
| Accounting feesLn 11c | $7K | $7K | ||
| Other fees for servicesLn 11g | $82K | $82K | ||
| Office expensesLn 13 | $2K | $2K | ||
| TravelLn 17 | $30K | $30K | ||
| InsuranceLn 23 | $27K | $27K | ||
| Other expenses (24a–d)Ln 24 | $76K | $76K | ||
| Total functional expensesLn 25 | $479K | $479K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 13, 2025 | $610K | $540K | $70K | $158K | 990 PDF |
| FY2023 ViewingFiled with the IRS Nov 6, 2024 | $490K | $479K | $11K | $87K | 990 PDF |
| FY2022Filed with the IRS Nov 10, 2023 | $453K | $494K | −$41K | $76K | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $429K | $403K | $26K | $117K | 990 PDF |
| FY2020Filed with the IRS Oct 14, 2021 | $375K | $384K | −$9K | $91K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $490,064 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 4 to look at
Part VIII · Statement of revenue $490,064 across 6 lines filed
Part IX · Statement of functional expenses $478,643 across 10 lines filed
Part X · Balance sheet $87,248 assets, 6 lines filed
Part XI · Reconciliation of net assets $87,248 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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