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EIN 22-2560625

Sail Newport

IRS 501(c) type
501(c)(3)
Num. employees
82
City
Newport
State
Rhode Island
Year formed
1983
Most recent tax filings
2023-10-01
NTEE code, primary
N67: Swimming, Water Recreation
Description
Sail Newport promotes and operates affordable public sailing instruction and rental programs while creating opportunities to attract new sailors to the sport. They encourage and promote sailing events and educational programs, including youth sailing instruction in Newport, Rhode Island. Additionally, Sail Newport coordinates national and international yachting events.
Total revenues
$5,515,517
2023
Total expenses
$5,050,828
2023
Total assets
$8,518,622
2023
Num. employees
82
2023

Program areas at Sail Newport

Operation of a public sailing facility in Newport, rhode island.
Promotion and funding of youth sailing instruction in Newport, rhode island.
Promotion and coordinating of national and international yachting events.
Other instructional and educational programs.

Who funds Sail Newport

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$112,500
Alletta Morris Mcbean Charitable TrustEndowment Support A Matching Gift Challenge$100,000
Brooks-Mathews FoundationSupport General Purposes.$40,000
...and 26 more grants received totalling $493,324

Personnel at Sail Newport

NameTitleCompensation
Brad ReadExecutive Director$148,975
Kim CooperMarketing Director
Hannah LasorsaDirector of Administration
Eve FormisanoDirector of Development
Kim HapgoodProgram Director
...and 13 more key personnel

Financials for Sail Newport

RevenuesFYE 10/2023
Total grants, contributions, etc.$1,654,852
Program services$2,956,279
Investment income and dividends$56,747
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$630,613
Net gain from sale of non-inventory assets$71,101
Net income from fundraising events$132,135
Net income from gaming activities$0
Net income from sales of inventory$10,284
Miscellaneous revenues$3,506
Total revenues$5,515,517

Form 990s for Sail Newport

Fiscal year endingDate received by IRSFormPDF link
2023-102024-06-14990View PDF
2022-102023-09-05990View PDF
2021-102022-03-16990View PDF
2021-102022-03-10990View PDF
2020-102021-09-10990View PDF
...and 12 more Form 990s

Organizations like Sail Newport

OrganizationLocationRevenue
George Pocock Rowing FoundationSeattle, WA$2,004,522
Row New YorkNew York, NY$10,671,493
Nantucket Community SailingNantucket, MA$1,455,641
NOVA of Virginia AquaticsRichmond, VA$4,965,517
Saratoga Rowing AssociationSaratoga Springs, NY$1,795,371
Katy AquaticsKaty, TX$2,321,195
Marin Rowing AssociationGreenbrae, CA$1,815,959
High 5 (BSAC)Brandon, FL$5,099,641
Oakland Strokes IncorporatedOakland, CA$1,885,063
Sammamish Rowing AssociationRedmond, WA$1,695,888
Data update history
November 3, 2024
Updated personnel
Identified 2 new personnel
October 24, 2024
Received grants
Identified 1 new grant, including a grant for $2,000 from Lyn and Margaret Comfort Charitable Foundation
August 26, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from The Act Foundation
August 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 12, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Amateur sports clubsSports organizationsCharities
Issues
EducationHuman servicesSports
Characteristics
Fundraising eventsState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
Address
72 Fort Adams Dr
Newport, RI 02840
Metro area
Providence-Warwick, RI-MA
County
Newport County, RI
Website URL
sailnewport.org/ 
Phone
(401) 846-1983
IRS details
EIN
22-2560625
Fiscal year end
October
Taxreturn type
Form 990
Year formed
1983
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
N67: Swimming, Water Recreation
NAICS code, primary
713990: Amateur Sports, Youth Sports, and Recreational Services
Parent/child status
Independent
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