Privateer Sailing Education Foundation
Nonprofit profile at a glance
- EIN
- 825155319
- IRS 990-EZ coverage
- 2020–2025
- Forms available
- Form 990-EZ 2025, Form 990-T 2024
- Location
- Hixson, TN, USA
- Phone
- 4238779411
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $106,905
- Expenses
- $86,629
- Assets
- $120,894
- Liabilities
- $650
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- AMBER WATTENBARGER (President)
People named in this filing
- AMBER WATTENBARGER (President)
- BOB RUPE (Secretary)
- AMY HOLLOWAY (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-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Privateer Sailing Education Foundation (PSEF) provides management of all aspects of sailing education at Privateer Yacht Club. The PSEF organizes and delivers sailing education for adults and children as well as the physically challenged.
What it reported doing in 2025
The PSEF organizes and delivers sailing educationfor adults and children as well as the physically challenged.
Operating model
- Revenue model
- Earned-program. 75% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.1%; rating input score 81
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 19%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 1.4; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 12.8% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 1.4% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 11.7% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 81.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $87K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2020 to 2025
- 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 — Sustainability: Liabilities to assets ratio scored 41/100.