Sailing Foundation of Barnegat Bay Inc
Nonprofit profile at a glance
- EIN
- 800079858
- IRS 990-EZ coverage
- 2015–2025
- Forms available
- Form 990 2020, Form 990-EZ 2025
- Location
- Island Heights, NJ, USA
- Phone
- 7326787756
- Rating
- 38
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $71,704
- Expenses
- $64,018
- Assets
- $321,477
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Jaime Wasco Wright (President)
- Beth Pokorny (Vice President)
People named in this filing
- Jaime Wasco Wright (President)
- Honour Harrington (Treasurer)
- Ashley Byrne (Correspond Secy)
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 Foundation was formed for the purpose of preserving, protecting and advancing the traditions of recreational sailing. Its primary aim is to facilitate the education of youth sailing and promote the advancement of sailing sportsmanship and on water safety through the support of youth programs in the Barnegat Bay, NJ area. The Foundation will also seek to preserve historical structures, buildings and sailing vessels in the area.
What it reported doing in 2025
The Foundation promotes the advancement of water safety through the support of youth programs in the Barnegat Bay area. During the year the Foundation gave grants to various yacht clubs for the purchase and repair of electronic kill switches, repair, recondition and install propellor guards, on the outboard motors for their patrol and safety boats used in the various junior sailing programs.
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
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 2
- Transparency & Controls: 82
- Sustainability: 60
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.9%; rating input score 2
- Program expense ratio: 2.1%; rating input score 2
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 10.7%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 5.02; rating input score 84; 84th 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: -27.6% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: -4.7% per year; rating input score 0; 35th percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 1.9% of revenue deployed · 2.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $1K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2015 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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 — Financial Efficiency: Mission deployment rate scored 2/100.
- High — Financial Efficiency: Program expense ratio scored 2/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.