Jackson Yacht Club Foundation
- Assets
- $210.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgeland, MS
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-3690710
Organization Overview
Jackson Yacht Club Foundation is located in Ridgeland, MS. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson Yacht Club Foundation 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 12/2021, Jackson Yacht Club Foundation generated $26.7k 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 (28.7%) each year. All expenses for the organization totaled $22.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
JACKSON YACHT CLUB FOUNDATION OPERATES AS COMMUNITY SAILING ON THE REZ TO PROMOTE SAILING. IN PURSUIT OF THE FOUNDATION'S MISSION, THEY ACCOMPLISHED THE FOLLOWING SERVICES:IN JUNE 2021, THE FOUNDATION HOSTED A US SAILING "FIRST SAIL" DAY. THE "FIRST SAIL" DAY WAS DESIGNED TO INTRODUCE SAILING TO PEOPLE IN CENTRAL MISSISSIPPI WHO HAVE NEVER SAILED. THERE WAS NO CHARGE TO THOSE WHO REGISTER FOR THE SAILING EXPERIENCE. THE FOUNDATION COORDINATED THE EVENTS AND FURNISHED LIFE JACKETS, A SAFETY BOAT, FOOD AND WATER DURING THE SAIL.- THE FOUNDATION CURRENTLY SUPPORTS THREE HIGH SCHOOL SAILBOAT SAILING TEAMS INCLUDING: JACKSON PREP; ST. ANDREWS; AND ST. JOSEPH WHICH STARTED IN THE SPRING OF 2021. TEAMS ARE OPEN TO 7-12 GRADERS. TEAMS RANGED FROM 12-22 SAILORS WHO PARTICIPATED IN FALL AND SPRING SESSIONS. THE FOUNDATION ANTICIPATES A FOURTH HIGH SCHOOL (MADISON CENTRAL HIGH SCHOOL) SAILING TEAM TO PARICIPATE IN THE SPRING OF 2021. SIX MISSISSIPPI AND ALABAMA HIGH SHOOL SAILING TEAMS PARTICIPATED IN THE HOSPITALITY REGATTA OCT 23-24, 2021, HOSTED BY THE JYC FOUNDATION. PARTICIPITATING TEAMS INCLUDED: JACKSON PREP; ST. ANDREW'S EPISCOPAL; ST. JOSEPH; ST. MICHAEL'S CATHOLIC SCHOOL OF FAIRHOPE; FAIRHOPE HIGH SCHOOL; AND STANISLAUS SCHOOL OF BAY ST. LOUIS. THE JYC FOUNDATION, AS THE HOST, SUPPLIED THE BOATS FOR THE EVENT.- A SIGNIFICANT ACCOMPLISHMENT WAS THE COMPLETION AND SIGNIFICANT USE OF THE JOHN W. MCGOWAN COMMUNITY SAILING CENTER AND DOCKS, WHICH SUPPORTS COMMUNITY AND HIGH SCHOOL SAILING.- SUPPORT FOR THE JYC SAILING CAMP WHICH TEACHES YOUNG PEOPLE TO SAIL-THE FOUNDATION PAID THE REQUIRED TUITION FOR NON-JYC MEMBER'S CHILDREN WHO CANNOT AFFORD TO ATTEND.- A GRANT TO THE JYC PUBLIC SWIMMING PROGRAM. THE ABILITY TO SWIM IS REQUIRED BEFORE SOMEONE IS ALLOWED TO SAIL. THEREFORE, THE FOUNDATION PROVIDED LIMITED SUPPORT FOR THIS EDUCATIONAL PROGRAM OPEN TO THE PUBLIC FOR THE SAFETY OF YOUNG PEOPLE SAILING.- THE FOUNDATION MAINTAINS THE SAILBOATS USED FOR TRAINING YOUTH. THESE INCLUDE VIPER, CLUB 420, SUNFISH AND OPTIMIST DINGHY SAILBOATS.- A WEBSITE (WWW.REZCOMMUNITYSAILING.ORG) IS MAINTAINED FOR PROMOTION AND INFORMATION ON THE FOUNDATION AND SAILING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe C Gibbs Jr Director Of First Sail | 1 | $0 | |
Edgar Buchanan Director | 1 | $0 | |
Robert P Wise Chairman | 1 | $0 | |
Tina Martin Director | 1 | $0 | |
A Dale Currie Jr Director Of High School Sailing | 1 | $0 | |
R Kelly Kyle Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,713 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,716 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $14,183 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,741 |
| Total expenses | $22,924 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,663 |
| Other assets | $0 |
| Total assets | $210,627 |
| Total liabilities | $0 |
| Net assets or fund balances | $210,627 |
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