Halifax Youth Sailing Inc
Nonprofit profile at a glance
- EIN
- 261997119
- IRS 990-EZ coverage
- 2010–2022
- Forms available
- Form 990-EZ 2022
- Location
- Daytona Beach, FL, USA
- Phone
- 9045453123
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $20,191
- Expenses
- $14,671
- Assets
- $93,652
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- STEPHEN W CARON (PRESIDENT)
People named in this filing
- PETER J HALEY (DIRECTOR)
- NOEL A PELELLA (VICE PRESIDE)
- STEPHEN W CARON (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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Offer youths of the halifax area the opportunity to experience the joy of sailing and to teach the essential elements of boat handling, seamanship and water safety skills. Provide a safe and nourishing environment for all sailors. Promote ethical behavior and teach life lessons in order to build character, foster teamwork, and strengthen respect for oneself, others and the marine environment.
What it reported doing in 2022
Provides sailing instruction and coaching to appoximately 80 youths through organized sailing camps and programs
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Sustainability: 69
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72%; rating input score 72
- Program expense ratio: 99.1%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 27.3%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 6.38; rating input score 86; 86th 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: -2.5% per year; rating input score 0; 45th percentile among comparable filings
- Revenue growth: -3.7% per year; rating input score 0; 42nd percentile among comparable filings
- Asset growth: -1.6% per year; rating input score 0; 32nd percentile among comparable filings
Details
- Where the money goes: 72% of revenue deployed · 99.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $15K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2010 to 2022
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.