Nonprofit · EIN 47-1731159
AMERICAN SAILBOAT RACING FOUNDATION INC
Tax-exempt · OYSTER BAY, NY 11771
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $478,438 | $539,611 | -$61,173 | $184,076 | $153,338 | $30,738 |
| December 31, 2024 | 990 | $499,389 | $474,568 | $24,821 | $131,911 | $40,000 | $91,911 |
| December 31, 2023 | 990 | $433,264 | $415,494 | $17,770 | $103,590 | $36,500 | $67,090 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $478,438
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $528,402
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $9,205
- Program services (functional)
- $528,971
- Management and general (functional)
- $10,450
- Fundraising (functional)
- $190
Balance sheet and other
- Total assets, start of year
- $131,911
- Total assets, end of year
- $184,076
- Total liabilities, end of year
- $153,338
- Net assets, end of year
- $30,738
- Gross receipts
- $478,438
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2014
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jean-Pierre Blaise | President Trustee or director, Officer | 2 | $0 |
| Karen Martin | Treasurer Trustee or director, Officer | 6 | $0 |
| Hugh Jones | Board Member Trustee or director | 2 | $0 |
| Diane Schottenstein | Secretary Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jean-Pierre Blaise | President Trustee or director, Officer | 2 | $0 |
| Karen Martin | Treasurer Trustee or director, Officer | 6 | $0 |
| Hugh Jones | Board Member Trustee or director | 2 | $0 |
| Diane Schottenstein | Secretary Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jean-Pierre Blaise | President Trustee or director, Officer | 2 | $0 |
| Karen Martin | Treasurer Trustee or director, Officer | 6 | $0 |
| Hugh Jones | Board Member Trustee or director | 2 | $0 |
| Diane Schottenstein | Secretary Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 56 SOUNDVIEW AVE, OYSTER BAY, NY 11771-3720
- Mailing address (990-N for 2020)
- 165 West End Ave, New York NY 10023
- Principal officer (990 for 2025)
- Jean-Pierre Blaise, 56 Soundview Ave, Oyster Bay, NY 11771
- Principal officer (990-N for 2020)
- Diane Schottenstein, 165 West End Ave, New York NY 10023
- Signed the 990
- Jean-Pierre Blaise, President
- Phone
- (516) 286-8342
- Return prepared by
- Getzel Schiff & Pesce LLP
Mission
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.
Program accomplishments
- The foundation has found that there is a gap in the funding needed to assist American athletes in the field of sailing to allow them to train, compete and win in national and international competitions. To fill this gap, the Foundation provides funds for private coaching, equipment, travel, and entrance fees to assist in training athletes who have shown the ability and experience to compete in sailing on a national and international level.Expenses $528,971 · grants $528,402
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 | 990 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
- 47-1731159
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $184,076
- Income (IRS master file)
- $478,438
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $478,438 | $539,611 | $184,076 | XML |
| 990 | December 2024 | $499,389 | $474,568 | $131,911 | XML |
| 990 | December 2023 | $433,264 | $415,494 | $103,590 | XML |
| 990 | December 2022 | $351,233 | $331,161 | $49,320 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Diane Schottenstein | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: DIANE SCHOTTENSTEIN | December 31, 2019 | ≤ $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 47-1731159).
Questions about AMERICAN SAILBOAT RACING FOUNDATION INC
- What is the EIN of AMERICAN SAILBOAT RACING FOUNDATION INC?
- The employer identification number (EIN) of AMERICAN SAILBOAT RACING FOUNDATION INC is 47-1731159.
- Is AMERICAN SAILBOAT RACING FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to AMERICAN SAILBOAT RACING FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN SAILBOAT RACING FOUNDATION 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 AMERICAN SAILBOAT RACING FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN SAILBOAT RACING FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AMERICAN SAILBOAT RACING FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names Jean-Pierre Blaise.
- Who are the officers and directors of AMERICAN SAILBOAT RACING FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does AMERICAN SAILBOAT RACING FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $478,438, expenses of $539,611 and total assets of $184,076 at year end.
Other nonprofits in OYSTER BAY
- OAKCLIFF SAILING INCORPORATED EIN 27-2002488 · last filed 990 for 2025
- OYSTER BAY COMMUNITY ROWING INC EIN 82-2875301 · last filed 990 for 2025
- ITALIAN AMERICAN CITIZENS CLUB OF OYSTER BAY INC EIN 11-2555923 · last filed 990 for 2025
- OYSTER BAY BASEBALL INC EIN 30-0954140 · last filed 990-EZ for 2024
- LONG ISLAND WRESTLING ASSOCIATION INC EIN 33-1027998 · last filed 990-EZ for 2024
- SIKH HOOPS NY INC EIN 92-2125964 · last filed 990-N for 2025
- NEXT SHIFT YOUTH SPORTS FOUNDATION INC EIN 84-3251045 · last filed 990 for 2024
- BAHNIK FOUNDATION INC EIN 11-3216930 · last filed 990-PF for 2026
All nonprofits in OYSTER BAY · New York · Recreation and sports