Sailing Foundation Of Barnegat Bay Inc
- Assets
- $287.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Island Heights, NJ
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 80-0079858
Organization Overview
Sailing Foundation Of Barnegat Bay Inc is located in Island Heights, NJ. The organization was established in 2004. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Sailing Foundation Of Barnegat Bay 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 12/2021, Sailing Foundation Of Barnegat Bay Inc generated $51.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $99.9k 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 Mission:
Part 3 - Line 1
THE FOUNDATION WAS FORMED FOR THE PURPOSE OF PRESERVING, PROTECTING AND ADVANCING THE TRADITIONS OF RECREATIONAL SAILING. ITS PRIMARY AIM IS TO FACILITATE THE EDUCATION OF YOUTH SAILING AND PROMOTE THE ADVANCEMENT OF SAILING SPORTSMANSHIP AND ON WATER SAFETY THROUGH THE SUPPORT OF YOUTH PROGRAMS IN THE BARNEGAT BAY, NJ AREA. THE FOUNDATION WILL ALSO SEEK TO PRESERVE HISTORICAL STRUCTURES, BUILDINGS AND SAILING VESSELS IN THE AREA.
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION HAS ASSISTED IN THE CONSTRUCTION OF A JUNIOR SAILING CENTER AT TOMS RIVER YACHT CLUB. THIS TWO STORY FACILITY, WITH BATHROOMS, WILL PROVIDE STORAGE FOR 8 INFLATABLE AND "HARD BOTTOM" SUPPORT/SAFETY BOATS USED IN THE JUNIOR SAILING PROGRAM AT THE CLUB AND FOR VARIOUS JUNIOR, HIGH SCHOOL, COLLEGE AND SENIOR REGATTAS HELD AT THE CLUB. ADDITIONALLY, THE SECOND FLOOR WILL PROVIDE CLASS ROOMS AND/OR LECTURE HALL FOR ALL TO USE. TOMS RIVER YACHT CLUB SUPPORTS A JUNIOR SAILING PROGRAM FOR ITS MEMBERS AND NON-MEMBER CHILDREN FOR APPROXIMATELY 120 CHILDREN. ADDITIONALLY, TOMS RIVER YACHT CLUB SUPPORTS A DAILY COLLEGE AND HIGH SCHOOL SAILING PROGRAMS FOR APPROXIMATELY 4 HIGH SCHOOLS AND OCEAN COUNTY COLLEGE AND REGATTAS FOR 15 HIGH SCHOOLS AND 15 COLLEGES IN THE MID-ATLANTIC AREA. THE YACHT CLUB SUPPORTS YEAR ROUND STORAGE FOR APPROXIMATELY 30 SAILBOATS USED BY THE HIGH SCHOOLS AND COLLEGES AND PROVIDES FACILITIES FOR THE DAILY PRACTICES AND REGATTAS.
THE FOUNDATION PROMOTES THE ADVANCEMENT OF WATER SAFETY THROUGH THE SUPPORT OF YOUTH PROGRAMS IN THE BARNEGAT BAY AREA. DURING THE YEAR THE FOUNDATION GAVE GRANTS TO VARIOUS YACHT CLUBS TO REPAIR, RECONDITION AND INSTALL PROPELLER GUARDS ON THE OUTBOARD MOTORS FOR THEIR PATROL AND SAFETY BOATS USED IN THE VARIOUS JUNIOR SAILING PROGRAMS.
THE FOUNDATION SUPPORTS JUNIOR SAILING PROGRAMS ON THE TOMS RIVER AND BARNEGAT BAY. THE FOUNDATION GAVE GRANTS TO JUNIORS WHO ARE NOT MEMBERS OF A YACHT CLUB TO PAY THE TUITION FOR THE SUMMER SAILING PROGRAM. ADDITIONALLY THE FOUNDATION PAID FOR THE REGISTRATION FEES FOR JUNIORS SAILING IN THE BARNEGAT BAY YACHT RACING ASSOC. REGATTAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Warner Treasurer | 5 | $0 | |
Bernadette Doyle Vice President | 5 | $0 | |
Lara Walsh President | 5 | $0 | |
Nancy Dougherty Secretary | 5 | $0 | |
Lauren Plump Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,229 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $225 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,454 |
| 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 | $450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,612 |
| Other expenses | $7,109 |
| Total expenses | $99,897 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $287,256 |
| Other assets | $0 |
| Total assets | $287,256 |
| Total liabilities | $0 |
| Net assets or fund balances | $287,256 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sailing Foundation Of Barnegat Bay Inc has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
James R And Sharon Omara Maida Foundation Inc Trenton, NJ PURPOSE: COMMUNITY | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Foundation Incorporated White Plains, NY | $21,092,938 | $14,501,704 |
Womens Sports Foundation New York, NY | $6,988,365 | $6,164,478 |
Roy A Hunt Foundation Pittsburgh, PA | $0 | $8,030,266 |
Pennsylvania National Horse Show Foundation Harrisburg, PA | $536,390 | $3,371,373 |
Sports Humanitarian Group Inc New York, NY | $2,335,161 | $3,283,483 |
Fisher Brothers Foundation Inc New York, NY | $22,918 | $2,660,000 |
Reamstown Athletic Association Reamstown, PA | $734,775 | $1,303,779 |
Fishoff Family Foundation Flushing, NY | $3,998,225 | $548,703 |
Beat The Streets Wrestling Inc Holmdel, NJ | $1,014,068 | $1,326,182 |
Nba Players Legacy Fund Inc New York, NY | $1,504,620 | $1,000,557 |
National Parks Of New York Harbor Conservancy New York, NY | $325,371 | $460,714 |
T2 Foundation Scranton, PA | $11,277 | $363,546 |