Sailing Yacht Research Foundation Inc
- Assets
- $70.5k
- Revenue
- $72.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Jamestown, RI
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 20-2021318
Organization Overview
Sailing Yacht Research Foundation Inc is located in Jamestown, RI. The organization was established in 2006. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sailing Yacht Research Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Sailing Yacht Research Foundation Inc generated $72.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $391.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UNDERSTAND, IMPROVE AND SHARE WITH THE PUBLIC THE STATE OF THE ART OF RACING SAILBOAT PERFORMANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SAILING SOFTWARE DEVELOPMENT PROJECT IS DEVELOPING A BOAT PERFORMANCE AND RACE COMMITTEE APPLICATION (APP) TO ENHANCE BOTH THE SAILBOAT CREWS' RACING EXPERIENCE AND UNDERSTANDING THROUGH TRACKING AND ANALYTICAL DATA AND TO PROVIDE RACE COMMITTEES WITH A SUPERIOR TOOL TO PROVIDE FAIRER AND MORE ENJOYABLE RACING.
THE "FOIL" PROJECT IS A STUDY BEING CONDUCTED BY THE ITC (INTERNATIONAL TECHNICAL COMMITTEE) WHICH IS ASSOCIATED WITH THE ORC RATING RULE. THE STUDY FOCUSES ON FOUR DIFFERENT FOIL SHAPES FOR MODERN RACE BOATS, TO DETERMINE WHICH WOULD PERFORM BETTER. SYRF IS SUPPORTING THIS PROJECT FINANCIALLY.
SYRF LIBRARY IS MAINTAINED ONLINE FOR USE BY NAVAL ARCHITECTS AND STUDENTS. IT IS USED BY UNIVERSITIES WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Weisman Technical Director, Director | OfficerTrustee | 40 | $57,185 |
Stephen Benjamin Director | OfficerTrustee | 1 | $0 |
Larry Rosenfeld Executive Director, Director | OfficerTrustee | 12 | $0 |
Stan Honey Chairman | OfficerTrustee | 1 | $0 |
Jay Hansen President, Treasurer And Secretary | OfficerTrustee | 4 | $0 |
Dina Kowalyshyn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,702 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,702 |
| Total Program Service Revenue | $0 |
| Investment income | $4,602 |
| Tax Exempt Bond Proceeds | $69 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,185 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,805 |
| Fees for services: Other | $102 |
| Advertising and promotion | $5,950 |
| Office expenses | $0 |
| Information technology | $298,554 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,103 |
| All other expenses | $0 |
| Total functional expenses | $391,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $63,966 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,482 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $70,482 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $70,482 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sailing Yacht Research Foundation Inc has recieved totaling $245,000.
| Awarding Organization | Amount |
|---|---|
New York Yacht Club New York, NY PURPOSE: GENERAL SUPPORT | $245,000 |
Endowment Analysis
| Beg. Balance | $581,411 |
| Ending Balance | $581,411 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stockholm Environment Institute Usinc Somerville, MA | $5,389,275 | $5,787,254 |
Seeding Labs A Non Profit Corporation Boston, MA | $3,266,031 | $2,907,900 |
Aurelia Institute Inc Cambridge, MA | $1,155,648 | $1,900,000 |
Choroideremia Research Foundation Inc Springfield, MA | $985,906 | $664,881 |
Sailing Yacht Research Foundation Inc Jamestown, RI | $70,482 | $72,424 |
Station 1 Laboratory Lawrence, MA | $241,896 | $541,890 |
Frontiers Of Tech Governance Inc Cambridge, MA | $4,505 | $0 |
Maritime Cybersecurity Center Middletown, RI | $922 | $0 |
Manhattan 2 Group Inc Newton, MA | $91,994 | $101,000 |
Barchan Foundation Inc Winchester, MA | $50,616 | $14 |
Medical Heritage Library Inc Boston, MA | $54,441 | $0 |
Gemio Foundation Bolton, MA | $13,266 | $0 |