Gulf Yachting Asso Foundation
Nonprofit profile at a glance
- EIN
- 631091730
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Gulfport, MS, USA
- Phone
- 2282975850
- Rating confidence
- Limited
- Sector
- Amateur Sports Competitions
Reported finances
- Revenue
- $-803,545
- Expenses
- $2,696
- Assets
- $365,227
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- BERNARD MOSEBY (President)
- CHRIS LUPPENS (Vice President)
- DANNY KILLEEN JR (President)
People named in this filing
- BERNARD MOSEBY (President)
- JANET MILLER-SCHMIDT (Board Member)
- CHRIS LUPPENS (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To encourage and promote racing of sailing yachts, foster international sports competition, expand developing educational and training programs
What it reported doing in 2024
Promoted the racing of sailing yachts by amateur sailors
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 14
- Transparency & Controls: 68
- Sustainability: 39
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 37.1%; rating input score 37
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 2nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -100.3%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 135.47; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 3.5% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: -66.3% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 21.1% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 37.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Program expense ratio scored 37/100.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.