Oakcliff Sailing Incorporated
- Assets
- $6.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 22
- Location
- Oyster Bay, NY
- Founding
- 12/2010
- Data as of
- 12/2023
- EIN
- 27-2002488
Organization Overview
Oakcliff Sailing Incorporated is located in Oyster Bay, NY. The organization was established in 2010. 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. As of 12/2023, Oakcliff Sailing Incorporated employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakcliff Sailing Incorporated 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, Oakcliff Sailing Incorporated generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $3.9m 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
SEE SCHEDULE O.THE ORGANIZATION IS ORGANIZED AND SHALL BE OPERATED AS AN AMATEUR SPORTS ORGANIZATION TO FOSTER NATIONAL AND/OR INTERNATIONAL SAILING COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACORN AND SAPLING TRAINING PROGRAMS INCLUDED OFFSHORE, INSHORE, AND HIGH PERFORMANCE SESSIONS. THE WINTER TRAINING IN THE SAPLING APPRENTICESHIP PROGRAM, WINTER SAPLING PROGRAM SAW CONSIDERABLE PROJECTS UNDERTAKEN. IN BETWEEN THAT WORK, TEAMS TRAVELED TO MIXED PLUS REGATTAS IN FLORIDA. THIS IS A TREND THAT OAKCLIFF STRONGLY SUPPORTS WHERE AT LEAST 50% OF THE SAILORS ARE WOMEN. OF NOTE WAS THAT A LEGENDARY 12METER, COURAGEOUS WAS MADE AVAILABLE TO OAKCLIFF. OAKCLIFF PROGRAMMED IT WITH A DIVERSE TEAM OF SAILORS. THIS TEAM IMPRESSED AN INTERNATIONAL FLEET AT THE 12 METRE WORLD CHAMPIONSHIPS IN NEWPORT RHODE ISLAND.
OFFSHORE COMPETITION: THE NUMBERS OF TRAINEES STARTED TO BOUNCE BACK AND SPECIFICALLY THE FINAL OFFSHORE SESSION OF THE SUMMER, THE VINEYARD RACE, WAS FULLY BOOKED. OC86 WAS SAILED IN MULTIPLE REGATTAS INTRODUCING 24 PEOPLE AT A TIME TO MAXI BOAT FLEET RACING. IN THE BEGINNING OF THE SEASON, TWO OAKCLIFF FARR 40S COMPLETED THE ANNAPOLIS TO NEWPORT RACE, WITH ONE ON THE PODIUM. THE RACE CONDITIONS WERE SO HARSH THAT HALF OF THE FLEET DROPPED OUT BUT OAKCLIFF PERSEVERED. OAKCLIFF ALSO RACED BOTH MACKINAC RACES AND HARBOR SPRINGS ON THE GREAT LAKES AND FINISHED 2ND IN THE CHICAGO MACKINAC. CONTINUING WITH THE EXTREME CONDITIONS OF THE SUMMER, OC86 RACED IN THE IDA LEWIS RACE, REACHING SPEEDS OF 25+ KNOTS AND CLAIMED LINE HONORS.
INTERNATIONAL TRAINING & EVENTS: OAKCLIFF HOSTED 14 GRADED MATCH RACE EVENTS AND THE TRIPLE CROWN SERIES. THE TRIPLE CROWN IS TO SUPPORT OLYMPIC HOPEFULS AND PROVIDE DIRECT ATHLETE SUPPORT THAT US SAILING OAKCLIFF ADDED THE ILCA 6 AND ILCA 7 FLEETS. THIS MEANS THAT OAKCIFF HAS SURPASSED ANY OTHER PLACE, INCLUDING THE NATIONAL GOVERNING BODY ("NGB") IN TRAINING OPPORTUNITES AND SUPPORT OF OLYMPIC ATHLETES. ADDITIONALLY, OAKCLIFF CONTINUES TO RUN MORE MATCH RACING THAN ANYONE ELSE IN THE WORLD AND AS A RESULT AMERICAN SAILORS HAVE RISEN TO THE TOP OF THE INTERNATIONAL MATCH RACING RANKINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Radke President | OfficerTrustee | 3 | $0 |
Bill Simon Treasurer | OfficerTrustee | 4 | $0 |
Joe Stopper Assistant Treasurer | OfficerTrustee | 3 | $0 |
Paul Cuneo Secretary | OfficerTrustee | 3 | $0 |
Art Santry Vice President | OfficerTrustee | 3 | $0 |
Willard Freeman Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,117,456 |
| Noncash contributions included in lines 1a–1f | $1,347,836 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,117,456 |
| Total Program Service Revenue | $208,723 |
| Investment income | $3,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,995 |
| Net Gain/Loss on Asset Sales | $412,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,779 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,896,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $242,284 |
| Compensation of current officers, directors, key employees. | $36,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $448,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,469 |
| Payroll taxes | $47,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,466 |
| Advertising and promotion | $75,152 |
| Office expenses | $35,461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $302,566 |
| 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 | $892,686 |
| Insurance | $258,791 |
| All other expenses | $128,414 |
| Total functional expenses | $3,898,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,701 |
| Prepaid expenses and deferred charges | $500 |
| Net Land, buildings, and equipment | $4,827,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $821,808 |
| Total assets | $6,390,840 |
| Accounts payable and accrued expenses | $122,543 |
| 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 | $864,706 |
| Total liabilities | $987,249 |
| Net assets without donor restrictions | $5,194,766 |
| Net assets with donor restrictions | $208,825 |
| 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 | $6,390,840 |