Nantucket Community Sailing Inc

What it reported doing in 2022

Nantucket community sailing (ncs) offers a full range of youth and adult group sailing lessons, private sailing lessons, and provides hourly rentals of sailboats, kayaks and paddleboards to members and the general public. The sailing programs are offered from two locations on nantucket, jetties beach and polpis harbor. The organization provides $150,000 in youth sailing scholarships and free community outreach to underserved children and adults who would otherwise not be able to get out on the water. In addition, the organization runs regattas during the summer to include more people in the sport of sailing and as fundraising events to support the sailing programs. The organization operates the programs and events with a focus on sustainability, and collaborates with other non-profit organizations to maintain nantucket's water quality.in 2023 the organization had 601 enrollments in youth sailing classes over eight weeks, representing 433 unique students. 35% of the students are year-round nantucket children, and the organization provided $85,773 in scholarships to 111 island children. The organization's community outreach programs served 550 children and adults with free sailing lessons, therapeutic sails, and water sports. Ncs also offered private sailing lessons and rentals of sailboats, kayaks and paddleboards to well over 500 people, from toddlers to senior citizens.the organization's primary program is youth group sailing lessons, for children ages 4 -18, offered in a range of small sailboats depending on the student's level. The sailing instructors are all certified and highly qualified. The curriculum enables each child to progress through the sailing classes and increase their skills. Sailing instructors perform comprehensive student evaluations at the end of the season and advise the parents on a recommended skill development program for the following year. The second program nantucket community sailing offers is community outreach, with free or highly subsidized sailing lessons and water sports to underserved children and adults. The outreach constituents include toddlers and their parent/caregiver, children from the nantucket boys & girls club, children and adults with physical and/or developmental disabilities, the elderly, adults with dehabilitating illness and their caregivers, and the nantucket high school sailing team. The third program area is providing private sailing lessons and rentals of sailboats and water sports equipment, such as kayaks and paddleboards, to members and the general public from the jetties sailing center over eight weeks. In 2023 ncs offered 394 private lessons and rented sailboats and water sports equipment to over 400 people. People who purchase jetties sailing center memberships receive a discount on private lessons and free sailboat and water sports equipment rentals.

Financial Efficiency

• Mission deployment rate: 76.7%; rating input score 77
• Program expense ratio: 74.7%; rating input score 75
• Fundraising efficiency: $6.73 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• 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: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1.3%; rating input score 33; 33rd percentile among comparable filings
• Total-asset coverage ratio: 3.47; rating input score 78; 78th percentile among comparable filings
• Liabilities to assets ratio: 0.09; rating input score 46; 46th percentile among comparable filings
• Officer compensation ratio: 17.9%; rating input score 17; 17th percentile among comparable filings

Growth

• Program expense growth: 0.4% per year; rating input score 100; 25th percentile among comparable filings
• Revenue growth: 0.3% per year; rating input score 100; 20th percentile among comparable filings
• Asset growth: 9.7% per year; rating input score 100; 58th percentile among comparable filings