Sail To Prevail Inc
- Assets
- $2.3m
- Revenue
- $816.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Newport, RI
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 05-0399703
Organization Overview
Sail To Prevail Inc, operating under the name Sail To Prevail, is located in Newport, RI. The organization was established in 1983. As of 12/2022, Sail To Prevail employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sail To Prevail 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 To Prevail generated $816.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $506.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR MISSIONTHE MISSION OF SAIL TO PREVAIL - THE NATIONAL DISABLED SAILING PROGRAM - IS TEACHING CHILDREN AND ADULTS WITH DISABILITIES TO OVERCOME ADVERSITY THROUGH THERAPEUTIC SAILING. PARTICIPANTS INCLUDE INDIVIDUALS WITH MOST ANY DISABILITY - SUCH AS AUTISM, PARALYSIS, AND INTELLECTUAL DISABILITIES - AND WHEN APPROPRIATE, FAMILY MEMBERS AND CAREGIVERS ARE ENCOURAGED TO PARTICIPATE. WOUNDED U.S. MILITARY PERSONNEL ALSO TAKE PART THROUGH DEDICATED PROGRAMS. THE PEDIATRIC CANCER PROGRAM INCLUDES THE CHILDREN'S RESIDENT DOCTORS AND PARENTS. OVERALL, MORE THAN 1000 PARTICIPANTS ANNUALLY LEARN SAILING SKILLS IN A FLEET OF SPECIALLY ADAPTED SAILBOATS. SAIL TO PREVAIL IS INCREASINGLY PROMOTING THERAPEUTIC SAILING BY SHARING THE PROGRAM'S MORE THAN TWO DECADES OF SUCCESSFUL CONCEPTS, METHODOLOGIES AND EXPERIENCES WITH OTHER ORGANIZATIONS AND INDIVIDUALS WITH THE GOAL OF INCREASING THE SPORT OF SAILING AMONG PEOPLE WITH DISABILITIES THROUGHOUT THE COUNTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADAPTIVE SAILING PROGRAM CHALLENGES ITS PARTICIPANTS IN SPECIALLY ADAPTED 20-FOOT SAILBOATS TO CONTRIBUTE WHAT THEY CAN IN A "HANDS ON" MANNER, NO MATTER HOW SEVERE THEIR DISABILITY. SAILING LESSONS RANGE FROM GROUP PROGRAMS TO HIGHLY CUSTOMIZED, INDIVIDUAL INSTRUCTION. BY STRONGLY ENCOURAGING DISABLED INDIVIDUALS TO BECOME ACTIVELY ENGAGED PARTICIPANTS, THE MEASURABLE OUTCOMES ARE IMPROVED SELF-CONFIDENCE, LEADERSHIP ABILITIES AND THE UNDERSTANDING OF TEAMWORK - NECESSARY AND VALUABLE LIFE SKILLS WHICH PARTICIPANTS MAY UTILIZE TO CONQUER CHALLENGES IN OTHER AREAS OF THEIR DAILY LIVES.
THE EDUCATION AND OUTREACH PROGRAM INTRODUCES THE CONCEPTS AND TOOLS THAT ULTIMATELY ENABLE THE PARTICIPANTS TO LEAD LIVES AS FULL, ENRICHING AND PRODUCTIVE AS POSSIBLE, WITH THE FOCUS OF CONTRIBUTING TO FAMILY AND SOCIETY. ADDITIONALLY, SAIL TO PREVAIL HAS EMBARKED ON INITIATIVES TO UTILIZE OUR PROGRAMS TO INCLUDE MEDICAL PERSONNEL, SPECIFICALLY RESIDENT DOCTORS IN TRAINING, TO ASSIST IN THEIR EDUCATION FOR AND WITH CHILDREN WITH DISABILITIES OR CRITICAL ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Callahan Executive Director/secreta | OfficerTrustee | 40 | $97,900 |
David Kerins ESQ Chairman | OfficerTrustee | 2 | $0 |
Dean Gestal Vice Chairman | OfficerTrustee | 2 | $0 |
Cheryl Mccarthy Treasurer | OfficerTrustee | 2 | $0 |
Christopher Culver Director | Trustee | 1 | $0 |
George Hinman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $721,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,261 |
| Total Program Service Revenue | $25,350 |
| Investment income | $13,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,821 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $816,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,762 |
| Compensation of current officers, directors, key employees. | $6,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,205 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,215 |
| Payroll taxes | $11,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120 |
| Advertising and promotion | $19,864 |
| Office expenses | $3,832 |
| Information technology | $2,576 |
| Royalties | $0 |
| Occupancy | $26,593 |
| Travel | $8,924 |
| 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 | $33,133 |
| Insurance | $20,883 |
| All other expenses | $25,196 |
| Total functional expenses | $506,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,738 |
| Savings and temporary cash investments | $1,895,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $220 |
| 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 | $17,513 |
| Net Land, buildings, and equipment | $203,659 |
| Investments—publicly traded securities | $41,175 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,267,384 |
| Accounts payable and accrued expenses | $30,250 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,250 |
| Net assets without donor restrictions | $2,162,792 |
| Net assets with donor restrictions | $74,342 |
| 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 | $2,267,384 |