United States Sailing Foundaton
- Assets
- $2.2m
- Revenue
- $586.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Bristol, RI
- Founding
- 06/1986
- Data as of
- 12/2020
- EIN
- 22-2667411
Organization Overview
United States Sailing Foundaton is located in Bristol, RI. The organization was established in 1986. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Sailing Foundaton is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DIRECTLY SUPPORT A RELATED NON-PROFIT ORGANIZATION, THE UNITED STATES SAILING ASSOCIATION, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT FOR PROGRAMS DEVELOPED BY ITS RELATED ORGANIZATION, THE UNITED STATES SAILING ASSOCIATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lovell Treasurer | OfficerTrustee | 1 | $0 |
Glenn Darden Secretary | OfficerTrustee | 1 | $0 |
Brian Keane Vice Chairman | OfficerTrustee | 1 | $0 |
Alan Ostfield Chief Executive Officer | OfficerTrustee | 1 | $0 |
William Ruh President | OfficerTrustee | 5 | $0 |
Heather Monoson CFO | Officer | 3 | $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 | $522,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,605 |
| Total Program Service Revenue | $0 |
| Investment income | $38,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $586,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $966,923 |
| Grants and other assistance to domestic individuals. | $9,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,633 |
| Advertising and promotion | $0 |
| Office expenses | $23,012 |
| Information technology | $29,297 |
| Royalties | $0 |
| Occupancy | $7,079 |
| Travel | $6,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,015 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,567 |
| All other expenses | $16,067 |
| Total functional expenses | $1,323,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $747,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $381,095 |
| 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 | $0 |
| Investments—other securities | $1,041,574 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,170,181 |
| Accounts payable and accrued expenses | $1,602 |
| 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 | $312,878 |
| Total liabilities | $314,480 |
| Net assets without donor restrictions | $341,550 |
| Net assets with donor restrictions | $1,514,151 |
| 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 | $2,170,181 |
Grants Awarded
Over the last fiscal year, United States Sailing Foundaton has awarded $1,018,561 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bristol, RI PURPOSE: SUPPORT | $1,017,611 |
Richmond, CA PURPOSE: USJRWS CHAMPIONSHIP | $950 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that United States Sailing Foundaton has recieved totaling $2,034,355.
| Awarding Organization | Amount |
|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI PURPOSE: CAPITAL CAMPAIGN | $1,500,000 |
Douglas & Maria Devos Foundation Grand Rapids, MI PURPOSE: CAPITAL CAMPAIGN | $500,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,355 |
Windhover Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Endowment Analysis
| Beg. Balance | $201,974 |
| Earnings | $6,105 |
| Net Contributions | $79,118 |
| Ending Balance | $287,197 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tr Park Place Corp Hartford, CT | $326,580 | $4,534,377 |
National Rowing Foundation Inc Melrose, MA | $8,809,391 | $2,225,088 |
Mary A Cunningham Trust Milton, MA | $13,931,409 | $2,252,431 |
United States Sailing Foundaton Bristol, RI | $2,170,181 | $586,414 |
Beaverdale Memorial Park Inc New Haven, CT | $1,525,229 | $1,030,865 |
Horace A & S Ella Kimball Foundation Westerly, RI | $8,392,371 | $428,077 |
Friends Of Brookline Rowing Brookline, MA | $188,307 | $397,763 |
Friends Of Stonington Crew Inc Stonington, CT | $65,201 | $55,920 |
Friends Of@martins Park Inc Dorchester, MA | $5,263,012 | $677,726 |
7th Regiment Youth Performing Arts Organization Inc New London, CT | $54,574 | $224,963 |
Cfas Boosters Inc Norton, MA | $39,380 | $0 |
Friends Of Tewksbury Youth Football Inc Tewksbury, MA | $134,382 | $0 |