Nonprofit · EIN 13-7308006
THE SAILING FOUNDATION OF NEW YORK INC
Tax-exempt · N PALM BEACH, FL 33408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $607,702 | $1,066,959 | -$459,257 | $598,275 | $0 | $598,275 |
| December 31, 2023 | 990 | $1,384,074 | $433,237 | $950,837 | $1,057,532 | $0 | $1,057,532 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $598,842
- Program service revenue
- $0
- Investment income
- $33,844
- Net income from fundraising events
- -$24,984
- Other revenue
- -$24,984
Expenses
- Grants and similar amounts paid
- $1,024,784
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,049,744
- Management and general (functional)
- $17,215
Balance sheet and other
- Total assets, start of year
- $1,057,532
- Total assets, end of year
- $598,275
- Total liabilities, end of year
- $0
- Net assets, end of year
- $598,275
- Net assets without donor restrictions
- $115,061
- Net assets with donor restrictions
- $483,214
- Gross receipts
- $632,686
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2003
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS L STARK | PRESIDENT Trustee or director, Officer | 5 | $0 |
| GEORGE M ISDALE | DIRECTOR Trustee or director | 1 | $0 |
| JAMES J CUMMISKEY | DIRECTOR Trustee or director | 1 | $0 |
| AUSTIN FRAGOMEN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HELE | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE HINMAN JR | DIRECTOR Trustee or director | 1 | $0 |
| DOROTHY M MOSKO | DIRECTOR Trustee or director | 1 | $0 |
| ARTHUR J SANTRY III | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS L STARK | PRESIDENT Trustee or director, Officer | 5 | $0 |
| GEORGE M ISDALE | DIRECTOR Trustee or director | 1 | $0 |
| JAMES J CUMMISKEY | DIRECTOR Trustee or director | 1 | $0 |
| AUSTIN FRAGOMEN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HELE | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE HINMAN JR | DIRECTOR Trustee or director | 1 | $0 |
| DOROTHY M MOSKO | DIRECTOR Trustee or director | 1 | $0 |
| ARTHUR J SANTRY III | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 116 LAKESHORE DR, N PALM BEACH, FL 33408-3685
- In care of
- % LARS FORSBERG
- Principal officer (990 for 2024)
- THOMAS L STARK, 116 LAKESHORE DRIVE, NORTH PALM BEACH, FL 33408
- Signed the 990
- THOMAS L STARK, PRESIDENT
- Phone
- (203) 952-9534
- Return prepared by
- MULLEN SCORPIO & CERILLI
Mission
THE FOUNDATION SUPPORTS AMATEUR SPORTS PARTICIPATION IN COMPETITIVE SAILING THROUGH CLINICS, COACHING AND OTHER EDUCATIONAL ACTIVITIES. THE FOUNDATION ALSO PROVIDES FINANCIAL ASSISTANCE TO DESERVED ATHLETES COMPETING IN REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS. THE FOUNDATION ALSO IDENTIFIES OPPORTUNITIES FOR TRAINING AND DEVELOPMENT PROVIDED BY OTHER CHARITABLE EXEMPT ORGANIZATIONS THAT FACILITATE THE PARTICIPATION OF AMATEUR ATHLETES IN SUCH MARINE RELATED EDUCATIONAL PROGRAMS.
Program accomplishments
- THE FOUNDATION PROVIDES FUNDING OPPORTUNITIES FOR OLYMPIC ATHLETES COMPETING IN REGINOAL , NATIONAL ANDINTERNATIONAL COMPETITIONS. GRANTS ARE MADE TO REIMBURSE THESE ATHLETES FOR EXPENSES INCURRED TRAINING FOR OLYMPIC EVENTS. THE FOUNDATION ALSO SUPPORTS OLYMPIC SAILING ATHLETES WITH GRANTS TO US SAILING'S OLYMPIC SAILING PROGRAM.Expenses $102,697 · grants $102,697
- THE FOUNDATION SUPPORTS AMATEUR SPORTS PARTICIPATION IN COMPETITIVE SAILING THROUGH CLINICS, COACHING AND OTHER EDUCATIONAL ACTIVITES. THE FOUNDATION ALSO PROVIDES FINANCIAL ASSISTANCE TO DESERVED ATHELETES COMPETING IN REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS. THE FOUNDATION ALSO IDENTIFIES OPPORTUNTIES FOR TRAINING AND DEVELOPMENT PROVIDED BY OTHER CHARITABLE EXEMPT ORGANIZATIONS THAT FACILITATE THE PARTICIPATION OF AMATEUR ATHLETES IN SUCH MARINE RELATED EDUCTIONAL PROGRAMS.Expenses $947,047 · grants $922,087
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-7308006
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70)
- Assets (IRS master file)
- $598,275
- Income (IRS master file)
- $632,686
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $607,702 | $1,066,959 | $598,275 | XML |
| 990 | December 2023 | $1,384,074 | $433,237 | $1,057,532 | XML |
| 990 | December 2022 | $58,406 | $91,819 | $106,695 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-7308006).
Questions about THE SAILING FOUNDATION OF NEW YORK INC
- What is the EIN of THE SAILING FOUNDATION OF NEW YORK INC?
- The employer identification number (EIN) of THE SAILING FOUNDATION OF NEW YORK INC is 13-7308006.
- Is THE SAILING FOUNDATION OF NEW YORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to THE SAILING FOUNDATION OF NEW YORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SAILING FOUNDATION OF NEW YORK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE SAILING FOUNDATION OF NEW YORK INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE SAILING FOUNDATION OF NEW YORK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE SAILING FOUNDATION OF NEW YORK INC?
- The 990 for the year ended December 31, 2024 names THOMAS L STARK.
- Who are the officers and directors of THE SAILING FOUNDATION OF NEW YORK INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does THE SAILING FOUNDATION OF NEW YORK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $607,702, expenses of $1,066,959 and total assets of $598,275 at year end.
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