Clagett Sailing

Nonprofit profile at a glance

EIN
271789166
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-EZ 2012
Location
Portsmouth, RI, USA
Phone
4018461353
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Amateur Sports Competitions

Official website

Reported finances

Revenue
$298,478
Expenses
$305,675
Assets
$686,851
Liabilities
$1,095

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • STEPHANIE MCLENNAN (PRESIDENT)

People named in this filing

  • STEPHANIE MCLENNAN (PRESIDENT)
  • SARAH EVERHART-SKEELS (VICE PRESIDE)
  • ROBERTA M BENJAMIN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To foster national and international amateur competitive sailing opportunities for sailors with physical disabilities and help them achieve their individual goals in sailing through world-class coaching and competition.

What it reported doing in 2024

Clagett sailings celebrated its 22nd anniversary this year. In 2024, clagett sailing presented its fleet racing clinic and regatta in newport, ri and fleet racing regatta in oxford, Maryland. Our programs have grown to include the clagett boat grant program to make boats available to our sailors and team clagett to assist our sailors in attending other events, both for sailors living with disabilities and open regattas. In 2024, we were able to assist a member of team clagett to attend the 2024, 2.4mr world championship held in keil, germany and we will be helping to send some of team clagett to the 2.4mr inclusive world championship 2025 held in lake garda at fraglia vela malcesine in frazione navene, italy. The largest fleet racing in 2024 was the 2.4mr class with 21 boats and they had 9 races. In the double handed martin 16 class there were 5 entries with 8 races. We had 3 outstanding coaches to teach our 31 sailors.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85%; rating input score 85
  • Program expense ratio: 73.9%; rating input score 74
  • Fundraising efficiency: $7.31 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -2.4%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 2.25; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 8.3% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 13.4% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 85% of revenue deployed · 73.9% of spending went to programs
  • Governance: 20 of 20 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $226K in reported program spending
  • Leadership: top reported pay $0 · 20 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.