The Storm Trysail Foundation
Nonprofit profile at a glance
- EIN
- 262672182
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Larchmont, NY, USA
- Phone
- 9148348857
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Sports Associations &Training Facilities
Reported finances
- Revenue
- $317,224
- Expenses
- $277,040
- Assets
- $584,638
- Liabilities
- $24,075
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- RICHARD DU MOULIN (PRESIDENT / VICE CHAIR)
- LARS FORSBERG (VICE PRESIDENT)
People named in this filing
- RICHARD DU MOULIN (PRESIDENT / VICE CHAIR)
- LARS FORSBERG (VICE PRESIDENT)
- JOHN BROWNING (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation seeks to effect, promote and enhance the education of young sailors in safety at sea, safe boat handling in all conditions and safe blue water racing and passage making through seminars, regattas, on the water training and through grants.
What it reported doing in 2025
Du moulin grantthis grant was made possible by the bo and edie lycke trust. The lycke trust has funded an awards program for the storm trysail foundation in memory of edward i. Du moulin, a storm trysail club member who introduced many young sailors to offshore sailing and was dedicated to advancing the opportunities for young sailors.the goal of the award is to help young people experience sailing and to help young men and women become qualified and successful ocean sailors and racers, providing them with valuable experience so they succeed in life. We look to promote leadership, team building, environmental stewardship, safety at sea, and character building.la solitaire is a 1,850-mile offshore solo sailing race. On the first leg, which begins sept. 7, 2025, contenders set sail from rouen, france, head toward fastnet in ireland, and finish in baie de morlaix, france. From there, the fleet races to vigo, spain, and the third and final leg departs vigo and concludes in saint-vaast-la-hougue, france.lush is taking on the solitaire aboard a figaro beneteau 3 named hope, a nod to her home state of Rhode Island's motto and the progress in american sailing she aspires to lead.la solitaire, established in 1991, is known as one of the toughest training platforms for offshore racing, and as such is often a training ground for sailors who seek to compete in the vende globe or other round-the-world challenges like the ocean race.
Operating model
- Revenue model
- Donor-supported. 83% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 61% for direct work, and 39% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 71
- Accountability: 94
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.7%; rating input score 66
- Program expense ratio: 75.9%; rating input score 76
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 27th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 22%; rating input score 22; 42nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.7%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 2.11; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 6.2% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 65.7% of revenue deployed · 75.9% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $210K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- 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 — Transparency & Controls: Grant itemization coverage scored 22/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 29/100.