Sandy Bay Yacht Club Sailing Program & Scholarship Fund Inc
Nonprofit profile at a glance
- EIN
- 043222187
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Rockport, MA, USA
- Phone
- 9788860147
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $199,514
- Expenses
- $118,835
- Assets
- $188,384
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- MASON BROWNE (PRESIDENT)
People named in this filing
- MASON BROWNE (PRESIDENT)
- STORY REED (VICE PRESIDE)
- CHARLES BROWNE (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization provides to the public sail boat training including all related aspects of good seamanship and safe boating. In addtion the organization awards scholarships to qualified persons for the sail training.
What it reported doing in 2024
Public sail boat training including all related aspects of good seamanship and safe boating.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 82
- Sustainability: 72
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.6%; rating input score 61
- 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: 40.4%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 1.59; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 8.8% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: -1.6% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 60.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $119K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2010 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.
- High — Growth: Asset growth scored 0/100.