Wianno Sailing Foundation Inc
- Assets
- $1.5m
- Revenue
- $81.5k
- Investments
- $0.0
- Employees
- 0
- Location
- East Sandwich, MA
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 04-3293135
Organization Overview
Wianno Sailing Foundation Inc is located in East Sandwich, MA. The organization was established in 1997. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wianno Sailing Foundation 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 12/2023, Wianno Sailing Foundation Inc generated $81.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $37.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES SAILING EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WIANNO SAILING FOUNDATION, INC. (WSF) CONTINUES TO ENSURE THAT A ROBUST, THRIVING SAILING PROGRAM EXISTS AT 101 BRIDGE STREET; OSTERVILLE, MA. SUMMER 2023 BROUGHT MORE STUDENTS TO OUR CLASSES, AND THE RETURN OF JUNIOR AND SENIOR SAILING INSTRUCTORS ENSURES A DEGREE OF CONTINUITY AND SAFETY FOR ALL.THE FOUNDATION 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 213 STUDENTS AND IS OUR MOST POPULAR PROGRAM. MAB IS FOR OLDER STUDENTS WHO HAVE GRADUATED FROM THE OPTI CLASSES BUT HAVE NO INTEREST IN RACING. LASTLY, 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 THAT FEW CAN EXPERIENCE ANYMORE.THE WIANNO SAILING FOUNDATION, INC. IS EXTREMELY PROUD OF ITS ROBUST AND POPULAR SAILING SCHOOL.
IN 2023, THE WIANNO SAILING FOUNDATION DISTRIBUTED GIFTS TOTALING $21,799 TO SAILING PROGRAMS AND REGIONAL ORGANIZATIONS AROUND CAPE COD & ISLANDS. THE DISBURSEMENTS WERE MADE TO:BARNSTABLE YACHT CLUB WAS GIVEN $2,769 TO UNDERWRITE GREEN FLEET ENTRY FEES FOR FIRST TIME RACERS. NANTUCKET COMMUNITY SAILING RECEIVED $1,000 FOR THEIR ADAPTIVE SAILING PROGRAM.PLEASANT BAY COMMUNITY BOATING WAS GIFTED $2,033 TO BUY ADAPTIVE SAILING EQUIPMENT FOR THEIR PROGRAM.SAIL CAPE COD RECEIVED $3,451 FOR THEIR ADAPTIVE SAILING PROGRAM.WILD HARBOR YACHT CLUB WAS GIVEN $2,500 TO LAUNCH A SAILING SCHOOL SCHOLARSHIP FUND.WIANNO YACHT CLUB WAS GIVEN $1,950 TO COVER GREEN FLEET ENTRY FEES FOR FIRST TIME RACERS.WIANNO SENIOR CLASS ASSOCIATION WAS GIFTED $1,797 AND $6,300 TO COVER PARTIAL MAINTENANCE AND STORAGE FOR BOATS USED IN THE WIANNO YACHT CLUB SAILING SCHOOL AND AVAILABLE TO REGIONAL SAILING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Will President | OfficerTrustee | 10 | $0 |
Jeffrey Oakes Treasurer | OfficerTrustee | 10 | $0 |
Lucy Duffield Steere Clerk | OfficerTrustee | 10 | $0 |
Samuel Mullin Assistant Clerk | OfficerTrustee | 5 | $0 |
Michael Benoit Director | Trustee | 1 | $0 |
John Griffin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,314 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,807 |
| Noncash contributions included in lines 1a–1f | $24,946 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,121 |
| Total Program Service Revenue | $0 |
| Investment income | $17,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1 |
| Net Gain/Loss on Asset Sales | -$112 |
| Net Income from Fundraising Events | -$4,568 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,799 |
| Grants and other assistance to domestic individuals. | $185 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37 |
| Fees for services: Accounting | $4,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,943 |
| Advertising and promotion | $0 |
| Office expenses | $2,102 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,971 |
| Insurance | $1,091 |
| All other expenses | $70 |
| Total functional expenses | $37,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,800 |
| Savings and temporary cash investments | $2,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,009,720 |
| Investments—publicly traded securities | $434,114 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,476,617 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $120,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $120,000 |
| Net assets without donor restrictions | $1,356,617 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,476,617 |
Grants Awarded
Over the last fiscal year, Wianno Sailing Foundation Inc has awarded $13,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WILD HARBOR YACHT CLUB PURPOSE: General Operations | $7,500 |
WEQUAQUET LAKE YACHT CLUB PURPOSE: General Operations | $6,000 |