Sailing Yacht Research Foundation Inc

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.

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)Compensation
Jon Weisman
Technical Director, Director
$57,185
Stan Honey
Chairman
$0
Jay Hansen
President, Treasurer And Secretary
$0
Stephen Benjamin
Director
$0
Larry Rosenfeld
Executive Director, Director
$0
Dina Kowalyshyn
Director
$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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Sailing Yacht Research Foundation Inc has recieved totaling $245,000.

Awarding OrganizationAmount
New York Yacht Club

New York, NY

PURPOSE: GENERAL SUPPORT

$245,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$581,411
Ending Balance$581,411

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