Civic Intelligence

Sail Newport Inc.

990 • Fiscal year 2016 • EIN 22-2560625

Nov 01, 2015 to Oct 31, 2016 • Filed on Jul 10, 2017

Organization ProfileWWW.SAILNEWPORT.ORG
60 Ft Adams DriveNewport, RI 02840

(401) 846-1983

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.05x

Higher debt load relative to assets than 29% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

21st percentile

0.05x

Higher debt load relative to revenue than 21% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

93rd percentile

53%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

55th percentile

$131,226

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

97th percentile

108%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

70%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$5,361,421

Up $2,785,700 (+108%) from 2015

Net Assets

Up

$5,109,703

Up $3,597,678 (+238%) from 2015

Liabilities

Down

$251,718

Down $811,978 (-76%) from 2015

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin93rd percentile

Revenue

Up

$5,371,755

Up $2,212,663 (+70%) from 2015

Expenses

Down

$2,498,790

Down $639,881 (-20%) from 2015

Net Income

Up

$2,872,965

Up $2,852,544 (+13969%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $710,285Liabilities 2011: $76,979Net Assets 2011: $633,3062011Assets 2012: $1,127,689Liabilities 2012: $146,181Net Assets 2012: $981,5082012Assets 2013: $1,492,782Liabilities 2013: $188,657Net Assets 2013: $1,304,1252013Assets 2014: $2,518,470Liabilities 2014: $985,231Net Assets 2014: $1,533,2392014Assets 2015: $2,575,721Liabilities 2015: $1,063,696Net Assets 2015: $1,512,0252015Assets 2016: $5,361,421Liabilities 2016: $251,718Net Assets 2016: $5,109,7032016Assets 2017: $8,628,248Liabilities 2017: $1,707,097Net Assets 2017: $6,921,1512017Assets 2018: $8,282,651Liabilities 2018: $984,630Net Assets 2018: $7,298,0212018Assets 2019: $8,016,889Liabilities 2019: $602,279Net Assets 2019: $7,414,6102019Assets 2020: $7,764,975Liabilities 2020: $350,510Net Assets 2020: $7,414,4652020Assets 2021: $8,050,460Liabilities 2021: $298,466Net Assets 2021: $7,751,9942021Assets 2022: $8,009,967Liabilities 2022: $307,677Net Assets 2022: $7,702,2902022Assets 2023: $8,518,622Liabilities 2023: $343,326Net Assets 2023: $8,175,2962023Assets 2024: $8,787,996Liabilities 2024: $379,777Net Assets 2024: $8,408,2192024

Highlighted filing

2016

Assets$5,361,421
Liabilities$251,718
Net Assets$5,109,703
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,211,7542011Expenses 2012: $1,447,1062012Revenue 2013: $2,349,134Expenses 2013: $2,018,194Net Income 2013: $330,9402013Revenue 2014: $1,870,114Expenses 2014: $1,692,603Net Income 2014: $177,5112014Revenue 2015: $3,159,092Expenses 2015: $3,138,671Net Income 2015: $20,4212015Revenue 2016: $5,371,755Expenses 2016: $2,498,790Net Income 2016: $2,872,9652016Revenue 2017: $4,705,898Expenses 2017: $2,994,654Net Income 2017: $1,711,2442017Revenue 2018: $5,597,414Expenses 2018: $5,198,664Net Income 2018: $398,7502018Revenue 2019: $2,314,438Expenses 2019: $2,315,661Net Income 2019: -$1,2232019Revenue 2020: $1,982,370Expenses 2020: $2,059,526Net Income 2020: -$77,1562020Revenue 2021: $2,453,105Expenses 2021: $2,332,307Net Income 2021: $120,7982021Revenue 2022: $3,014,185Expenses 2022: $2,595,974Net Income 2022: $418,2112022Revenue 2023: $5,515,517Expenses 2023: $5,050,828Net Income 2023: $464,6892023Revenue 2024: $2,759,983Expenses 2024: $3,001,810Net Income 2024: -$241,8272024

Highlighted filing

2016

Revenue$5,371,755
Expenses$2,498,790
Net Income$2,872,965
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Jul 10, 2017
Return Version
2015v3.0
Gross Receipts
$6,161,399
Mission and Program Overview

Mission

Sail newport's mission is to promote and operate affordable public sailing instruction, rental programs and to create opportunities to attract new sailors to the sport.

Encouraging and promoting sailing events and educational programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$251,550$2,239,706▲ $1,988,156
Savings and Temporary Cash Investments$128,389$1,131,358▲ $1,002,969
Investments in Publicly Traded Securities$1,583,040$1,037,849▼ $545,191
Land, Buildings, and Equipment, Net$489,464$717,665▲ $228,201
Accounts Receivable$88,273$135,300▲ $47,027
Cash and Non-Interest-Bearing Accounts$25,383$83,642▲ $58,259
Prepaid Expenses and Deferred Charges$7,912$15,901▲ $7,989
Inventories for Sale or Use$1,710--
Total Assets$2,575,721$5,361,421▲ $2,785,700
Liabilities
Deferred Revenue$750,000--
Mortgage Notes Payable Secured by Investment Property$244,180$158,231▼ $85,949
Accounts Payable and Accrued Expenses$51,177$56,586▲ $5,409
Other Liabilities$18,339$36,901▲ $18,562
Total Liabilities$1,063,696$251,718▼ $811,978
Net Assets / Fund Balance
Temporarily Rstr Net Assets$223,818$3,483,275▲ $3,259,457
Permanently Rstr Net Assets$1,170,309$981,313▼ $188,996
Unrestricted Net Assets$117,898$645,115▲ $527,217
Total Net Assets Fund Balance$1,512,025$5,109,703▲ $3,597,678
Total Liabilities and Net Assets / Fund Balance$2,575,721$5,361,421▲ $2,785,700

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$686,818$1,221,195$1,908,013
Leasehold Improvements$29,344$338,104$367,448
Buildings$1,503$216,079$217,582

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,011,145$60,000▼ $6,086$20,438$1,036,860
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brad ReedExecutive DirectorFT$127,404$3,822$131,226

Board Members and Trustees

NameTitle
Amory RossPast President
Steve KirkpatrickPresident
Amy KempeVice President
Amy KempeDirector
Barby MacgowanDirector
Donna KellyDirector
Dory VogelDirector
Jeff SiegalDirector
Jim RichardsonDirector
Lowell ThomasDirector
Mick HarveyDirector
Mike HillDirector
Pat KennedyDirector
Will DonaldsonDirector
Stu StreuliSecretary
Lowell ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,900,692
Program Service Revenue
$1,409,487
Investment Income
$33,081
Other Revenue
$28,495
All Other Contributions
$3,264,761
Change in Net Assets
$2,872,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,371,755
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-25,287
Total Revenue per Audited Statements
$5,346,468
Total Revenue per Form 990
$5,371,755
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,446,195
Salaries, Compensation, and Employee Benefits$1,052,595
Total Fundraising Expense$164,361
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$672,556$28,473$92,791$793,820
All Other Expenses$203,070$22,024$16,623$241,717
Current Officers, Directors, Trustees, and Key Employees$62,500$31,250$31,250$125,000
Other Expenses$82,745$811-$83,556
Payroll Taxes$62,858$5,107$10,607$78,572
Other Employee Benefits$44,162$3,588$7,453$55,203
Insurance$48,782$3,964-$52,746
Depreciation Depletion$38,287$4,254-$42,541
Advertising$15,796--$15,796
Office Expenses$11,117$903$1,876$13,896
Fees for Services Accounting-$12,025-$12,025
Conferences and Meetings$8,741$710$1,475$10,926
Occupancy$8,119$2,028-$10,147
Fees for Services Other$4,582$4,330-$8,912
Interest$6,961$468-$7,429
Travel$303-$2,286$2,589
Fees for Services Legal$2,540--$2,540
Total Functional Expenses$2,214,494$119,935$164,361$2,498,790

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,498,790
Total Expenses per Audited Statements$2,498,790
Total Expenses per Form 990$2,498,790
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$20,650
Fundraising Direct Expenses$8,877
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
General Fundraising$20,650$20,650$8,877$11,773
Total Events$20,650$20,650$8,877$11,773
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$20,471
Accrued Payroll and Payroll Taxes$16,430
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A copy of form 990 was provided to the organization's governing body before it was filed.”

Form 990, Part VI, Section B, Line 12

“The organization reviews new directors and new officers for any conflicts of interest and also annually monitors compliance with conflict of interest policy for existing directors and officers.”

Form 990, Part VI, Section B, Line 15

“Compensation for the organization's officers and employees is recommended to the board of directors by the executive director based on an annual review of comparable geographic compensation data. The executive director's compensation is determined by an executive committee of the board of directors as well as comparable geographic compensation data.”

Form 990, Part VI, Section C, Line 18

“The organization's form 990 is available for public inspection upon request and on the guidestar website.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing document and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Sail Newport
EIN
22-2560625
Phone
4018461983
Address
60 FT ADAMS DRIVE, NEWPORT, RI 02840

Signing Officer

Name
Brad Read
Title
Executive Director
Phone
4018461983
Signed
2017-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Read
Formed
1983
Legal Domicile
Ri
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
350

Preparer

Firm
Nadeau Wadovick Llp
Address
1300 DIVISION ROAD SUITE 104, WEST WARWICK, RI 02893
Preparer
Jeffrey D Wadovick CPA
Phone
4018234004
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The internal revenue service has determined the organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and it is not classified as a private foundation. The organization evaluates all significant tax positions as required by accounting principles generally accepted in the united states. As of october 31, 2016, the organization does not believe it has taken any positions that would require the recognition of a tax liability or any unrealized tax benefit that would either increase or decrease within the next twelve months. Tax years that are open for examination by taxing authorities are generally the last three tax year-ends.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt08877
IRS990/FundraisingGrossIncomeAmt020650
IRS990/GainOrLossGrp/OtherAmt021750
IRS990/GainOrLossGrp/SecuritiesAmt0904
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0550917
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt021750
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0781671
IRS990/GrossReceiptsAmt06161399
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03964
IRS990/InsuranceGrp/ProgramServicesAmt048782
IRS990/InsuranceGrp/TotalAmt052746
IRS990/InterestGrp/ManagementAndGeneralAmt0468
IRS990/InterestGrp/ProgramServicesAmt06961
IRS990/InterestGrp/TotalAmt07429
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01710
IRS990/InvestmentIncomeGrp/ExclusionAmt010427
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010427
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01583040
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01037849
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01775378
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0489464
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0717665
IRS990/LandBldgEquipCostOrOtherBssAmt02493043
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0780767
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt085014
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SAIL NEWPORT'S MISSION IS TO PROMOTE AND OPERATE AFFORDABLE PUBLIC SAILING INSTRUCTION, RENTAL PROGRAMS AND TO CREATE OPPORTUNITIES TO ATTRACT NEW SAILORS TO THE SPORT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0244180
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0158231
IRS990/NetAssetsOrFundBalancesBOYAmt01512025
IRS990/NetAssetsOrFundBalancesEOYAmt05109703
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt022654
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt022654
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt011773
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011773
IRS990/NetUnrelatedBusTxblIncmAmt0-3702
IRS990/NetUnrlzdGainsLossesInvstAmt0-25287
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02028
IRS990/OccupancyGrp/ProgramServicesAmt08119
IRS990/OccupancyGrp/TotalAmt010147
IRS990/OfficeExpensesGrp/FundraisingAmt01876
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0903
IRS990/OfficeExpensesGrp/ProgramServicesAmt011117
IRS990/OfficeExpensesGrp/TotalAmt013896
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt07453
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03588
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044162
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055203
IRS990/OtherExpensesGrp/Desc0MID-PARK CENER CONSTRUC
IRS990/OtherExpensesGrp/Desc1REGATTA EXPENSES
IRS990/OtherExpensesGrp/Desc2MAJOR MARINE EVENTS
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0811
IRS990/OtherExpensesGrp/ProgramServicesAmt0524970
IRS990/OtherExpensesGrp/ProgramServicesAmt1267218
IRS990/OtherExpensesGrp/ProgramServicesAmt2149187
IRS990/OtherExpensesGrp/ProgramServicesAmt382745
IRS990/OtherExpensesGrp/TotalAmt0524970
IRS990/OtherExpensesGrp/TotalAmt1267218
IRS990/OtherExpensesGrp/TotalAmt2149187
IRS990/OtherExpensesGrp/TotalAmt383556
IRS990/OtherLiabilitiesGrp/BOYAmt018339
IRS990/OtherLiabilitiesGrp/EOYAmt036901
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt016722
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt016722
IRS990/OtherRevenueTotalAmt016722
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt092791
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028473
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0672556
IRS990/OtherSalariesAndWagesGrp/TotalAmt0793820
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010607
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05107
IRS990/PayrollTaxesGrp/ProgramServicesAmt062858
IRS990/PayrollTaxesGrp/TotalAmt078572
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01170309
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0981313
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0251550
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02239706
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07912
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015901
IRS990/PrincipalOfficerNm0BRAD READ
IRS990/PriorPeriodAdjustmentsAmt0750000
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0YOUTH AND ADULT INSTRU
IRS990/ProgramServiceRevenueGrp/Desc1EVENTS AND REGATTAS
IRS990/ProgramServiceRevenueGrp/Desc2RENTALS AND FACILITIES
IRS990/ProgramServiceRevenueGrp/Desc3MAJOR MARINE EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0441333
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1399464
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2371469
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3197221
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0441333
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1399464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2371469
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3197221
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTION AND COORDINATING OF NATIONAL AND INTERNATIONAL YACHTING EVENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0675764
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0399464
IRS990/ProgSrvcAccomActy3Grp/Desc0PROMOTION AND FUNDING OF YOUTH SAILING INSTRUCTION IN NEWPORT, RHODE ISLAND.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0383308
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0376567
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER INSTRUCTIONAL AND EDUCATIONAL PROGRAMS. DURING FISCAL YEAR ENDED 10/31/16, SAIL NEWPORT BEGAN A CAPITAL CAMPAIGN TO RAISE FUNDING FOR CONSTRUCTION OF A NEW OPERATIONS FACILITY. CONSTRUCTIONS COSTS EXPENSED WERE $524,970 AND ARE INCLUDED IN DIRECT PROGRAM COSTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0840327
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0301363
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0813591
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt040048
IRS990/PYOtherExpensesAmt02281875
IRS990/PYOtherRevenueAmt025057
IRS990/PYProgramServiceRevenueAmt02280396
IRS990/PYRevenuesLessExpensesAmt020421
IRS990/PYSalariesCompEmpBnftPaidAmt0856796
IRS990/PYTotalExpensesAmt03138671
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03159092
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02872965
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0371469
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0128389
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01131358
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03900692
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0701925
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0544381
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0861999
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0646268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06655265
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010427
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt039549
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt023875
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt039908
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06786
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0120545

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,361,421
Liabilities
$251,718
Net assets
$5,109,703
Revenue
$5,371,755
Expenses
$2,498,790
Net income
$2,872,965
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.79$0.38$8.41$2.76$3.00$0.24
2023Detailed filing. Detailed filing data is available for this year.$8.52$0.34$8.18$5.52$5.05$0.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.01$0.31$7.70$3.01$2.60$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.05$0.30$7.75$2.45$2.33$0.12
2020Detailed filing. Detailed filing data is available for this year.$7.76$0.35$7.41$1.98$2.06$0.08
2019Detailed filing. Detailed filing data is available for this year.$8.02$0.60$7.41$2.31$2.32$0.00
2018Detailed filing. Detailed filing data is available for this year.$8.28$0.98$7.30$5.60$5.20$0.40
2017Detailed filing. Detailed filing data is available for this year.$8.63$1.71$6.92$4.71$2.99$1.71
2016Detailed filing. Detailed filing data is available for this year.$5.36$0.25$5.11$5.37$2.50$2.87
2015Detailed filing. Detailed filing data is available for this year.$2.58$1.06$1.51$3.16$3.14$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.52$0.99$1.53$1.87$1.69$0.18
2013Summary only. Only limited summary data is available for this year.$1.49$0.19$1.30$2.35$2.02$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.15$0.98$1.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.08$0.63$1.21