Civic Intelligence

American Sailboat Racing

EIN 47-1731159 • 501(c)3 • Oyster Bay, NY

Profile

The American Sailboat Racing Foundation's mission is to raise the level of excellence among amateur American sailors with the ultimate goal of preparing them to compete in national and international competitions.

56 Soundview AveOyster Bay, NY 11771

www.americansailboatracingfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.30x

Higher debt load relative to assets than 87% of similar nonprofits.

NTEE N67 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.08x

Higher debt load relative to revenue than 83% of similar nonprofits.

NTEE N67 • <$500k nonprofits • Source year 2024

Net Margin

49th percentile

5.0%

Higher net margin than 49% of similar nonprofits.

NTEE N67 • <$500k nonprofits • Source year 2024

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE N67 • <$500k nonprofits • Source year 2024

Asset Growth

74th percentile

27%

Faster asset growth than 74% of similar nonprofits.

NTEE N67 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

15%

Faster revenue growth than 63% of similar nonprofits.

NTEE N67 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$131,911

Up $28,321 (+27%) from 2023

Liabilities

Up

$40,000

Up $3,500 (+9.6%) from 2023

Net Assets

Up

$91,911

Up $24,821 (+37%) from 2023

Operations
Liabilities / Revenue83rd percentileNet Margin49th percentile

Revenue

Up

$499,389

Up $66,125 (+15%) from 2023

Expenses

Up

$474,568

Up $59,074 (+14%) from 2023

Net Income

Up

$24,821

Up $7,051 (+40%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth74th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2021: $29,247Liabilities 2021: $0Net Assets 2021: $29,2472021Assets 2022: $49,320Liabilities 2022: $0Net Assets 2022: $49,3202022Assets 2023: $103,590Liabilities 2023: $36,500Net Assets 2023: $67,0902023Assets 2024: $131,911Liabilities 2024: $40,000Net Assets 2024: $91,9112024

Highlighted filing

2024

Assets$131,911
Liabilities$40,000
Net Assets$91,911
Open 2024 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2021: $118,600Expenses 2021: $96,601Net Income 2021: $21,9992021Revenue 2022: $351,233Expenses 2022: $331,161Net Income 2022: $20,0722022Revenue 2023: $433,264Expenses 2023: $415,494Net Income 2023: $17,7702023Revenue 2024: $499,389Expenses 2024: $474,568Net Income 2024: $24,8212024

Highlighted filing

2024

Revenue$499,389
Expenses$474,568
Net Income$24,821
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$131,911
Liabilities
$40,000
Net assets
$91,911
Revenue
$499,389
Expenses
$474,568
Net income
$24,821
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.32$0.40$0.92$4.99$4.75$0.25
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.37$0.67$4.33$4.15$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$3.51$3.31$0.20
2021Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$1.19$0.97$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 18, 2025
Return Version
2024v5.1
Gross Receipts
$499,389
Mission and Program Overview

Mission

SEE SCHED O

The American Sailboat Racing Foundation's mission is to raise the level of excellence among amateur American sailors with the ultimate goal of preparing them to compete in national and international competitions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$103,590$131,911▲ $28,321
Rtn Earn Endowment Incm Other Fnds$67,090$91,911▲ $24,821
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$103,590$131,911▲ $28,321
Liabilities
Accounts Payable and Accrued Expenses$36,500$40,000▲ $3,500
Total Liabilities$36,500$40,000▲ $3,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$67,090$91,911▲ $24,821
Total Liabilities and Net Assets / Fund Balance$103,590$131,911▲ $28,321
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
Jean-Pierre BlaisePresident
Hugh JonesBoard Member
Diane SchottensteinSecretary
Karen MartinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Christopher PooleSailing grants8 Sunrise Road, Westport, CT 06880$350,681
Revenue and Support

Revenue Composition

Contributions and Grants
$499,389
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$499,389
Change in Net Assets
$24,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$464,603
Other Expenses$9,965
Total Fundraising Expense$185
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$445,603--$445,603
Grants to Domestic Orgs$19,000--$19,000
Fees for Services Accounting-$8,000-$8,000
Other Expenses-$1,037-$1,037
Insurance$557$186$185$928
Total Functional Expenses$465,160$9,223$185$474,568
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sewanhaka Corinthian Yacht ClubOyster Bay, NY501c7Supporting the development of promissing young sailors.$19,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

“Reviewed at a board meeting.”

Form 990, Part VI, Section B, line 12C

“The Officers have regular Board Meetings and discussions.”

Form 990, Part VI, Section C, line 19

“Available upon request and through the New York State Charities Bureau website if applicable.”

Filing and Contact Details

Filer

Filer Name
American Sailboat Racing
EIN
47-1731159
Phone
5162868342
Address
56 Soundview Ave, Oyster Bay, NY 11771

Signing Officer

Name
Jean-Pierre Blaise
Title
President
Phone
5162868342
Signed
2025-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean-Pierre Blaise
Formed
2014
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Getzel Schiff & Pesce LLP
Address
100 Crossways Park West Suite 403, Woodbury, NY 11797
Preparer
Michael Getzel CPA
Phone
5166928500
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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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IRS990ScheduleA/FactsAndCircumstancesTestTxt01. Percentage of Financial Support: The Organization has received over 10% of support from the general public in each of the last five years.2. The Sources of Support:The Organization received support from 57 individual donors.3. Representative Governing Body:The Board includes a lawyer with experience representing not for profits entities and the remaining three board members, 75% of the board members, have extensive sailboat racing experience.4. Public Facilities or Services and Public Participation in Programs or Policies: 75% of the board members have extensive sailboat racing experience and this experience is utilized to determine which sailors should receive support. The Organization utilizes the majority of funds to support sailors with the goal of raising the level of American sailing at national and international competitions. Supporting American sailing benefits the public by inspiring national pride. One of the sailors supported by the Organization has been ranked in the top 20 worldwide match racing skippers a source of inspiration to all American sailors and national pride. Another supported sailor is on the US Sailing Team and has a goal of competing in the America's Cup a source of inspiration to all American sailors and national pride. Organization's goal is to support attainment of excellence in sailing.
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt056 Soundview Ave
IRS990/USAddress/CityNm0Oyster Bay
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011771
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.AMERICANSAILBOATRACINGFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jean-Pierre Blaise
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05162868342
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0American Sailboat Racing
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0471731159
ReturnHeader/Filer/PhoneNum05162868342
ReturnHeader/Filer/USAddress/AddressLine1Txt056 Soundview Ave
ReturnHeader/Filer/USAddress/CityNm0Oyster Bay
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011771
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113575844
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Getzel Schiff & Pesce LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 Crossways Park West Suite 403
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Woodbury
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011797
ReturnHeader/PreparerPersonGrp/PhoneNum05166928500
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Getzel CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-06-19T07:52:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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