Wianno Sailing Foundation Inc

Nonprofit profile at a glance

EIN
043293135
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-PF 2020
Location
East Sandwich, MA, USA
Phone
5082923184
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Sports Associations &Training Facilities

Reported finances

Revenue
$97,990
Expenses
$50,589
Assets
$1,464,620
Liabilities
$60,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • ANTHONY WILL (PRESIDENT)

People named in this filing

  • ANTHONY WILL (PRESIDENT)
  • JEFFREY OAKES (TREASURER)
  • LUCY DUFFIELD STEERE (CLERK)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The wianno sailing foundation actively promotes recreational and competitive sailing on multiple fronts. Although this foundation owns the land and buildings that are leased to the wianno yacht club, we successfully reach and support sailing to a much wider community.

What it reported doing in 2024

The wianno sailing foundation, inc. (wsf) continues to ensure that a robust, thriving sailing program exists at 101 bridge street, osterville, ma. Summer of 2024 brought students to our classes, and the return of junior and senior sailing instructors ensures a degree of continuity and safety for all. Wsf promotes and supports four programs within the sailing school: "learn to sail", mab, opti and 420 racing teams, and private lessons. "learn to sail" taught a total of 132 students and remains one of our more popular programs. Mab is for the older students who have graduated from the opti class but no interest in racing. In addition, we integrate racing into the curriculum and private lessons for those families whose schedules conflict with sailing school class times. The sailing school remains accessible to all in the region who want to learn how to sail. There are a few safety qualifications that everyone must meet before being admitted, as we do not have an adaptive sailing program at this time. Lastly, the sailing school was given a wianno senior, a larger, heavier boat for use by our students or any yacht club sailing director who wishes to expose their students to a different type of vessel. Wsf is grateful for the use of this boat, which provides a sailing experience that few can experience anymore. The wianno sailing foundation, inc is extremely proud of its robust and popular sailing school.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 67% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 70
  • Accountability: 88
  • Sustainability: 76
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.9%; rating input score 58
  • Program expense ratio: 88.6%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 20.1%; rating input score 20; 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: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 48.4%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 28.95; rating input score 86; 86th 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 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 11.8% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: -15% per year; rating input score 0; 25th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 37th percentile among comparable filings

Details

  • Where the money goes: 57.9% of revenue deployed · 88.6% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $45K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • High — Transparency & Controls: Grant itemization coverage scored 20/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.