The Christeen Oyster Sloop Preservation Corporation
Nonprofit profile at a glance
- EIN
- 113146648
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Oyster Bay, NY, USA
- Phone
- 5163059204
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $36,465
- Expenses
- $44,435
- Assets
- $11,721
- Liabilities
- $473
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- George Lindsay Jr (President)
People named in this filing
- George Lindsay Jr (President)
- John T Hoyt Jr (Secretary & Dir)
- Bruce L Levinson (Treas & Dir)
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
Educational; Historic boat restoration.
What it reported doing in 2024
Continued the mission of the organization to preserve the tradition of wooden boat building and marine education in Oyster Bay. Our 11 year effort to build a replica of the historic oyster dredge Ida May came to fruition with her successful launching in 2023. We have completed the installation of the mechanical systems and safety gear, commissioned the engine and conducted successful sea trials. We completed stability testing with the Coast Guard and received certification for carrying 40 passengers. Formal documentation of the vessel and a radio license were obtained. In 2024 we completed the work necessary and received the Certificate of Inspection from the Coast Guard allowing Ida May to embark on her new mission as a "floating classroom" offering marine education for the public in Oyster Bay and on Long Island Sound. In addition, we began a project to repair Prohibition, a 1914 launch from Mobile Alabama, and we invited volunteers from the LI Maritime Museum in Saybrook to come laminate a new mast for their oyster sloop Priscilla, as they did not have a heated space for the work. These achievements are all puruant to our continuing mission to preserve the tradition of wooden boat building and marine education in Oyster Bay and Long Island NY.
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
- 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 25
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- 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: Yes; rating input score 100
Sustainability
- Operating margin: -21.9%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: -4.5% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $44K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Sustainability: Operating margin scored 22/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.