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Sail Newport

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222560625 ✦ Newport, RI ✦ Designated as a 501(c)(3)

Overview

What is Sail Newport?

Sail Newport, located at 72 Fort Adams Drive, Newport, Rhode Island 02840, is a dedicated nonprofit organization committed to the promotion and operation of public sailing facilities. Their primary mission involves encouraging and fostering sailing events and educational programs to attract new participants to the sport. With a team of 49 employees, Sail Newport offers affordable sailing instruction, rental programs, and creates opportunities for sailors of all levels. Their operations in Newport contribute to the coastal community and the wider sailing community, promoting the enjoyment and skill development in sailing.


Official website here: www.sailnewport.org

Is Sail Newport legitimate?

Sail Newport is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sail Newport submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $157,044
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,082,082

For more financial information, click here


Official website here: www.sailnewport.org

What is the mission statement of Sail Newport?

Sail Newport's mission is to actively promote and manage affordable sailing instruction and rental programs. Their primary goal is to attract new individuals to the sport by creating engaging opportunities. By operating a public sailing facility, they aim to make sailing more accessible to a broader audience. This organization's mission is centered around encouraging and fostering a love for sailing through educational programs and events.


Official website here: www.sailnewport.org

Who is the CEO of Sail Newport?

Brad Read is the President of Sail Newport.


Official website here: www.sailnewport.org

What is the revenue of Sail Newport?

Sail Newport's revenue in 2022 was $3,014,185.


Official website here: www.sailnewport.org

Who are the executives of Sail Newport and what are their salaries?

The average compensation at Sail Newport during 2022 was $25,288. There are 49 employees and 30 volunteers at Sail Newport.

Here are 17 key members and their salaries:

    Brad Read (Executive Di)
  • Compensation: $145,082
  • Related: $0
  • Other: $4,379

    • Will Donaldson (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Daly (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lowell Thomas (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lee Parks (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stuart Streuli (Past Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joanna Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Grimes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mick Harvey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katrina Hele (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Macken (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barby Macgowan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rob Macmillan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Mccabe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lat Spinney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Don Steiner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Walsh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sailnewport.org

    Where can I find the form 990 for Sail Newport?

    The Sail Newport’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sailnewport.org

    Learn more at the official website: www.sailnewport.org

    Mission Statement of Sail Newport

    Sail Newport, a nonprofit organization, is dedicated to fostering and popularizing sailing events and educational programs. At its core, Sail Newport's mission is to promote and manage affordable public sailing instruction and rental programs, with the aim of attracting new sailors to the sport. By operating a public sailing facility, Sail Newport creates opportunities for individuals to engage in the sport, thereby encouraging its growth and accessibility to a wider audience.

    Impact

    This information is meant to be a general summary of Sail Newport. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Sail Newport's impact lies in its promotion and encouragement of sailing events and educational programs in Newport, Rhode Island. Through the operation of a public sailing facility, Sail Newport plays a vital role in providing affordable sailing instruction and rental programs. By creating opportunities to attract new sailors to the sport, Sail Newport contributes to the growth and accessibility of sailing in the local community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $159,624
  • Program Service Revenue: $1,011,337
  • Gross Receipts: $3,059,984

    • Assets and Liabilities:
  • Total Assets: $8,009,967
  • Total Liabilities: $307,677
  • Net Assets: $7,702,290
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    YOUTH AND ADULT INSTRUCTION

    Revenue

    $544,664

    MAJOR MARINE EVENT-OCEAN RACE

    Revenue

    $250,000

    EVENTS AND REGATTAS

    Revenue

    $216,673

    Organization Details

    Founding Year

    1983

    Principal Officer

    Brad Read

    Main Address

    72 FORT ADAMS DRIVE, NEWPORT, RI, 02840

    NTEE Category

    Code: N67Z - Recreation

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