Sail Maine Inc

Organization Overview

Sail Maine Inc is located in Portland, ME. The organization was established in 1996. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Sail Maine Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sail Maine Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Sail Maine Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE ACCESS TO THE WATER THROUGH COMMUNITY SAILING AND EDUCATIONAL PROGRAMMING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SAIL MAINE FOSTERS PERSONAL GROWTH & DEVELOPMENT AND SIGNIFICANTLY IMPROVES QUALITY OF LIFE FOR OVER 300 PARTICIPANTS PER YEAR THROUGH SAIL TRAINING, EDUCATION, AND RACING PROGRAMS, WHILE PROVIDING WATERFRONT ACCESS FOR THE LOCAL COMMUNITY AND STRENGTHENING MAINE'S CONNECTION TO THE SEA.


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Board, Officers & Key Employees

Name (title)Compensation
Brady Jim
Director
$0
Bruce Duncan
Director
$0
Carville Emily
Director
$0
Gale Jamie
Director
$0
Haag Bart
Director
$0
Hagge Cyrus
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $254,463
All other contributions, gifts, grants, and similar amounts not included above$258,604
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$513,067
Total Program Service Revenue$557,400
Investment income $527
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $129
Miscellaneous Revenue$0
Total Revenue $1,086,148

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