Nonprofit · EIN 23-7119643
SAILING FOUNDATION
Tax-exempt · KIRKLAND, WA 98033
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $155,264 | $193,005 | -$37,741 | $295,955 | $7,196 | $288,759 |
| December 31, 2023 | 990-EZ | $133,901 | $144,803 | -$10,902 | $306,707 | $2,516 | $304,191 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,859
- Program service revenue
- $99,924
- Investment income
- $18,884
- Net gain from sales of assets
- $8,595
- Net income from sales of inventory
- $2,002
Expenses
- Compensation of officers, directors and key employees
- $84,275
- Salaries, compensation and benefits (total)
- $101,786
- Professional fees and payments to contractors
- $8,831
- Printing, publications and postage
- $14
- Other expenses
- $82,374
- Program services (functional)
- $66,190
Balance sheet and other
- Total assets, start of year
- $306,707
- Total assets, end of year
- $295,955
- Total liabilities, end of year
- $7,196
- Net assets, end of year
- $288,759
- Cash, savings and investments
- $281,228
- Gross receipts
- $156,437
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Solvig Sayre | Dir. Youth Sail | 40 | $84,275 | $7,054 |
| Dick Rose | President | 2 | $0 | – |
| John Vynne | Treasurer | 2 | $0 | – |
| Margaret Pommert | Vice President | 2 | $0 | – |
| Erin Timms | Vice President | 2 | $0 | – |
| Blaine Pedlow | Director | 2 | $0 | – |
| Ryan Helling | Director | 2 | $0 | – |
| Haley Lhamon | Director | 2 | $0 | – |
| Burke Thomas | Director | 2 | $0 | – |
| Ramesh Parameswaran | Director | 2 | $0 | – |
| Andrew Nelson | Director | 2 | $0 | – |
| Brian Kienle | Director | 2 | $0 | – |
| Matt Hebard | Director | 2 | $0 | – |
| Mike Visser | Director | 2 | $0 | – |
| Tanya Starke | Director | 2 | $0 | – |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brendan Fahey | Director | 2 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SOLVIG SAYRE | YOUTH PROGRAM DIRECTOR | 40 | $45,500 | $4,907 |
| DICK ROSE | PRESIDENT | 2 | $0 | $0 |
| MARGARET POMMERT | VICE PRESIDENT | 2 | $0 | $0 |
| ERIN TIMMS | VICE PRESIDENT | 2 | $0 | $0 |
| JOHN VYNNE | TREASURER | 2 | $0 | $0 |
| BRENDAN FAHEY | DIRECTOR | 2 | $0 | $0 |
| MATT HEBARD | DIRECTOR | 2 | $0 | $0 |
| RYAN HELLING | DIRECTOR | 2 | $0 | $0 |
| HALEY LHAMON | DIRECTOR | 2 | $0 | $0 |
| RAMESH PARAMESWARAN | DIRECTOR | 2 | $0 | $0 |
| TANYA STARKE | DIRECTOR | 2 | $0 | $0 |
| BURKE THOMAS | DIRECTOR | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4817 LAKE WASHINGTON BLVD NE APT 5, KIRKLAND, WA 98033-7650
- In care of
- % JOHN F VYNNE
- Mailing address (990-N for 2012)
- 2635 151st Place NE, Redmond WA 980525562
- Principal officer (990-N for 2012)
- Tad Lhamon, 9276 NE Meigs, Bainbridge Island WA 98110
- Signed the 990-EZ
- John Vynne, Treasurer
- Phone
- (425) 985-0213
- Website
- www.thesailingfoundation.org
- Return prepared by
- JACOBSON LAWRENCE & ASSOCIATES PLLC
Mission
The Sailing Foundation is the premier sailing promoter and educator for Northwest Youth Sailing and Safety at Sea. Working through community-based sailing organizations, local schools and universities, and various yacht clubs, the sailing foundation's youth sailing mission is to enhance the health of our sport and to help continue the flow of new sailors as well as developing expertise among them as they advance competitively. Our safety at sea committee, through product development and education, works to equip racers, cruisers, and even power-boaters with the necessary skills to explore further.
Program accomplishments
- Youth Sailing Programs: Focused on youth sailing at all levels, but with a special focus on racing, the Foundation believes sailing as an activity, offers a unique medium for personal growth and enrichment. The joy of sailing and sailboat racing should be enjoyed by the many, not the few.Expenses $45,805
- Safety at Sea: At The Sailing Foundation, the Safety at Sea Committee is dedicated to promoting safe boating throughout both the commercial and pleasure boating industry through seminars and research into the development of products that enhance boating safety.Expenses $20,385
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 23-7119643
- 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
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $295,955
- Income (IRS master file)
- $156,437
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $155,264 | $193,005 | $295,955 | IRS |
| 990-EZ | December 2023 | $133,901 | $144,803 | $306,707 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Tad Lhamon | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
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 23-7119643).
Questions about SAILING FOUNDATION
- What is the EIN of SAILING FOUNDATION?
- The employer identification number (EIN) of SAILING FOUNDATION is 23-7119643.
- Is SAILING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to SAILING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SAILING FOUNDATION 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 SAILING FOUNDATION 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 SAILING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of SAILING FOUNDATION?
- The 990-N for 2012 names Tad Lhamon.
- Who are the officers and directors of SAILING FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $84,275 (Solvig Sayre, Dir. Youth Sail).
- How much revenue does SAILING FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $155,264, expenses of $193,005 and total assets of $295,955 at year end.
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