Civic Intelligence

Sail Newport Inc.

990 • Fiscal year 2018 • EIN 22-2560625

Nov 01, 2017 to Oct 31, 2018 • Filed on Sep 16, 2019

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

45th percentile

0.12x

Higher debt load relative to assets than 45% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

52nd percentile

0.18x

Higher debt load relative to revenue than 52% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

61st percentile

7.1%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

58th percentile

$140,005

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

24th percentile

-4.0%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

19%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$8,282,651

Down $345,597 (-4.0%) from 2017

Net Assets

Up

$7,298,021

Up $376,870 (+5.4%) from 2017

Liabilities

Down

$984,630

Down $722,467 (-42%) from 2017

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin61st percentile

Revenue

Up

$5,597,414

Up $891,516 (+19%) from 2017

Expenses

Up

$5,198,664

Up $2,204,010 (+74%) from 2017

Net Income

Down

$398,750

Down $1,312,494 (-77%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2018

Assets$8,282,651
Liabilities$984,630
Net Assets$7,298,021
Open 2018 Filing

Operations Trend

Revenue Growth75th 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

2018

Revenue$5,597,414
Expenses$5,198,664
Net Income$398,750
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2017 to Oct 31, 2018
Signed
Sep 16, 2019
Return Version
2017v2.3
Gross Receipts
$5,731,384
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
Land, Buildings, and Equipment, Net$5,575,191$5,812,149▲ $236,958
Investments in Publicly Traded Securities$1,121,307$1,179,132▲ $57,825
Pledges and Grants Receivable$1,531,663$1,048,613▼ $483,050
Accounts Receivable$42,212$90,705▲ $48,493
Savings and Temporary Cash Investments$164,811$70,063▼ $94,748
Cash and Non-Interest-Bearing Accounts$80,000$60,484▼ $19,516
Prepaid Expenses and Deferred Charges$113,064$21,505▼ $91,559
Total Assets$8,628,248$8,282,651▼ $345,597
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,538,963$963,480▼ $575,483
Accounts Payable and Accrued Expenses$96,420$17,788▼ $78,632
Deferred Revenue$50,000$2,394▼ $47,606
Other Liabilities$21,714$968▼ $20,746
Total Liabilities$1,707,097$984,630▼ $722,467
Net Assets / Fund Balance
Unrestricted Net Assets$4,048,076$4,873,562▲ $825,486
Temporarily Rstr Net Assets$1,891,762$1,331,146▼ $560,616
Permanently Rstr Net Assets$981,313$1,093,313▲ $112,000
Total Net Assets Fund Balance$6,921,151$7,298,021▲ $376,870
Total Liabilities and Net Assets / Fund Balance$8,628,248$8,282,651▼ $345,597

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,939,446$363,431$5,302,877
Other Land Buildings$700,864$1,282,428$1,983,292
Leasehold Improvements$69,514$349,605$419,119
Equipment$102,325$123,919$226,244

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,085,322$56,000▲ $8,159$18,747$1,130,734
2016$1,036,860-▲ $149,751$93,115$1,085,322
2015$1,011,145$60,000▼ $6,086$20,438$1,036,860
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brad ReedExecutive DirectorFT$135,927$4,078$140,005

Board Members and Trustees

NameTitle
Steve KirkpatrickPast President
Amy KempePresident
Stuart StreuliVice President
Barby MacgowanDirector
Bridgid MurphyDirector
Duncan SkinnerDirector
Jen EielsonDirector
Joanna DavisDirector
Katrina HeleDirector
Mick HarveyDirector
Mike RyanDirector
Rob MacmillanDirector
Susan DalyDirector
Tesa Van MunchingDirector
Will DonaldsonSecretary
Lowell ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,822,185
Program Service Revenue
$2,994,543
Investment Income
$30,185
Other Revenue
$750,501
All Other Contributions
$1,062,081
Change in Net Assets
$398,750

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$8,000Fair Market Value (FMV)
Boats and Planes2$165Fair Market Value (FMV)
Total Noncash Contributions3$8,165-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,597,414
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-21,880
Total Revenue per Audited Statements
$5,575,534
Total Revenue per Form 990
$5,597,414
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,868,619
Salaries, Compensation, and Employee Benefits$1,330,045
Total Fundraising Expense$156,523
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$915,232$20,600$101,919$1,037,751
All Other Expenses$377,108$50,617$8,644$436,369
Depreciation Depletion$200,667$22,296-$222,963
Other Expenses$138,944$714-$138,944
Current Officers, Directors, Trustees, and Key Employees$94,877$21,688$21,688$138,253
Advertising$105,702--$105,702
Payroll Taxes$87,155$4,201$12,003$103,359
Insurance$84,778$4,462-$89,240
Interest$69,908$6,636-$76,544
Other Employee Benefits$40,022$2,764$7,896$50,682
Fees for Services Accounting$12,945$25,581-$38,526
Travel$21,416-$1,715$23,131
Occupancy$17,408$4,603-$22,011
Office Expenses$8,002$552$1,579$10,133
Conferences and Meetings$5,477$369$1,079$6,925
Total Functional Expenses$4,877,058$165,083$156,523$5,198,664

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,198,664
Total Expenses per Audited Statements$5,198,664
Total Expenses per Form 990$5,198,664
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$355,968
Fundraising Direct Expenses$133,970
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$283,588$283,588$108,058$175,530
General Fundraising$72,380$72,380$25,912$46,468
Total Events$355,968$355,968$133,970$221,998
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$968
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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 11B

“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
2019-09-16
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
67
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, 2017, 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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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/Form990TFiledInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt0133970
IRS990/FundraisingGrossIncomeAmt0355968
IRS990/GainOrLossGrp/SecuritiesAmt021675
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0694212
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt021675
IRS990/GrossReceiptsAmt05731384
IRS990/GrossRentsGrp/PersonalAmt0177767
IRS990/GrossRentsGrp/RealAmt0311129
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04462
IRS990/InsuranceGrp/ProgramServicesAmt084778
IRS990/InsuranceGrp/TotalAmt089240
IRS990/InterestGrp/ManagementAndGeneralAmt06636
IRS990/InterestGrp/ProgramServicesAmt069908
IRS990/InterestGrp/TotalAmt076544
IRS990/InvestmentIncomeGrp/ExclusionAmt08510
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08510
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01121307
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01179132
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02119383
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05575191
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05812149
IRS990/LandBldgEquipCostOrOtherBssAmt07931532
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt065892
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/BOYAmt01538963
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0963480
IRS990/NetAssetsOrFundBalancesBOYAmt06921151
IRS990/NetAssetsOrFundBalancesEOYAmt07298021
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt021675
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt021675
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0221998
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0221998
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0488896
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0488896
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-21880
IRS990/NoncashContributionsAmt0173000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04603
IRS990/OccupancyGrp/ProgramServicesAmt017408
IRS990/OccupancyGrp/TotalAmt022011
IRS990/OfficeExpensesGrp/FundraisingAmt01579
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0552
IRS990/OfficeExpensesGrp/ProgramServicesAmt08002
IRS990/OfficeExpensesGrp/TotalAmt010133
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt07896
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02764
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt040022
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050682
IRS990/OtherExpensesGrp/Desc0MAJOR MARINE EVENTS
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2REGATTA EXPENSES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0714
IRS990/OtherExpensesGrp/ProgramServicesAmt01682938
IRS990/OtherExpensesGrp/ProgramServicesAmt1834872
IRS990/OtherExpensesGrp/ProgramServicesAmt2179607
IRS990/OtherExpensesGrp/ProgramServicesAmt3138944
IRS990/OtherExpensesGrp/TotalAmt01682938
IRS990/OtherExpensesGrp/TotalAmt1835586
IRS990/OtherExpensesGrp/TotalAmt2179607
IRS990/OtherExpensesGrp/TotalAmt3138944
IRS990/OtherLiabilitiesGrp/BOYAmt021714
IRS990/OtherLiabilitiesGrp/EOYAmt0968
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt039607
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt039607
IRS990/OtherRevenueTotalAmt039607
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt012003
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04201
IRS990/PayrollTaxesGrp/ProgramServicesAmt087155
IRS990/PayrollTaxesGrp/TotalAmt0103359
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0981313
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01093313
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01531663
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01048613
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0113064
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021505
IRS990/PrincipalOfficerNm0BRAD READ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MAJOR MARINE EVENT-VOL
IRS990/ProgramServiceRevenueGrp/Desc1YOUTH AND ADULT INSTRU
IRS990/ProgramServiceRevenueGrp/Desc2EVENTS AND REGATTAS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02309661
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1464659
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2220223
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02309661
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1464659
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2220223
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTION AND COORDINATING OF NATIONAL AND INTERNATIONAL YACHTING EVENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0336413
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0220223
IRS990/ProgSrvcAccomActy3Grp/Desc0PROMOTION AND FUNDING OF YOUTH SAILING INSTRUCTION IN NEWPORT, RHODE ISLAND.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0547274
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0359317
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DURING FISCAL YEAR ENDED 10/31/18, SAIL NEWPORT WAS A HOST VENUE FOR THE VOLVO OCEAN RACE USA STOPOVER.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02868395
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt02476285
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03413429
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt041195
IRS990/PYOtherExpensesAmt01869673
IRS990/PYOtherRevenueAmt0527686
IRS990/PYProgramServiceRevenueAmt0723588
IRS990/PYRevenuesLessExpensesAmt01711244
IRS990/PYSalariesCompEmpBnftPaidAmt01124981
IRS990/PYTotalExpensesAmt02994654
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04705898
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0398750
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt0177767
IRS990/RentalIncomeOrLossGrp/RealAmt0311129
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0488896
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0164811
IRS990/SavingsAndTempCashInvstGrp/EOYAmt070063
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01822185
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03413429
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03900692
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0701925
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0544381
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010382612
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08510
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt013262
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010427
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt039549
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt023875
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt095623

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,282,651
Liabilities
$984,630
Net assets
$7,298,021
Revenue
$5,597,414
Expenses
$5,198,664
Net income
$398,750
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