The Sailing Foundation
Nonprofit profile at a glance
- EIN
- 237119643
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2012
- Location
- Kirkland, WA, USA
- Phone
- 4259850213
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $155,264
- Expenses
- $193,005
- Assets
- $295,955
- Liabilities
- $7,196
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Dick Rose (President)
- Margaret Pommert (Vice President)
- Erin Timms (Vice President)
People named in this filing
- Solvig Sayre (Dir. Youth Sail)
- Dick Rose (President)
- John Vynne (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 Sailing Foundation is the premier sailing promoter and educator for Northwest Youth Sailing and Safety at Sea. Working through community-based sailing organizations, local schools and universities, and various yacht clubs, the sailing foundation's youth sailing mission is to enhance the health of our sport and to help continue the flow of new sailors as well as developing expertise among them as they advance competitively. Our safety at sea committee, through product development and education, works to equip racers, cruisers, and even power-boaters with the necessary skills to explore further.
What it reported doing in 2024
Youth Sailing Programs: Focused on youth sailing at all levels, but with a special focus on racing, the Foundation believes sailing as an activity, offers a unique medium for personal growth and enrichment. The joy of sailing and sailboat racing should be enjoyed by the many, not the few.
Operating model
- Revenue model
- Earned-program. 68% 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
SUPPORTED - The filed numbers largely add up and program spending has grown recently. 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: 37
- Transparency & Controls: 100
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.3%; rating input score 39
- Program expense ratio: 34.3%; rating input score 34
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: -24.3%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 1.53; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 43.7%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 3.4% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 39.3% of revenue deployed · 34.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $66K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 39/100.
- Moderate — Financial Efficiency: Program expense ratio scored 34/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.