United States Sailing Foundaton
United States Sailing Foundation: Navigating Choppy Financial Waters
EIN: 222667411 · Bristol, RI · NTEE: N11 · Updated: 2026-04-04
About United States Sailing Foundaton
United States Sailing Foundaton (EIN: 222667411) is a nonprofit organization based in Bristol, RI, classified under NTEE code N11. The organization reported total revenue of $773K and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United States Sailing Foundaton's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates United States Sailing Foundaton with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, United States Sailing Foundaton allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summary data, requiring deeper analysis of 990 forms to assess reasonableness against organizational size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of United States Sailing Foundaton's IRS 990 filings:
- Significant fluctuation in revenue, from $8,909,851 in 2022 to $772,576 in 2023, raises questions about funding stability.
- A substantial increase in liabilities from $2,332,708 in 2021 to $6,404,061 in 2023 warrants further investigation into the nature of these obligations.
- Expenses in 2023 ($1,979,292) significantly exceeded revenue ($1,440,618), indicating a deficit spending year.
Strengths
The following positive indicators were identified for United States Sailing Foundaton:
- The organization maintains a healthy asset base, with $8,970,589 in 2023, providing a buffer against financial fluctuations.
- Historically, the foundation has demonstrated the ability to generate substantial revenue, as seen in 2022 ($8,909,851).
- Consistent filing of financial documents indicates a commitment to regulatory compliance.
Frequently Asked Questions about United States Sailing Foundaton
What does United States Sailing Foundaton do?
United States Sailing Foundaton is a nonprofit organization in the Recreation & Sports sector, located in Bristol, Rhode Island. It is classified under NTEE code N11.
How much revenue does United States Sailing Foundaton have?
United States Sailing Foundaton reported total revenue of $772,576. Based on 13 IRS 990 filings on record.
What are United States Sailing Foundaton's total assets?
United States Sailing Foundaton holds total assets of $8,970,589 as reported in IRS 990 filings.
Where is United States Sailing Foundaton located?
United States Sailing Foundaton is based in Bristol, Rhode Island.
What is United States Sailing Foundaton's EIN?
United States Sailing Foundaton's Employer Identification Number (EIN) is 222667411. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is United States Sailing Foundaton?
United States Sailing Foundaton is classified under NTEE code N11 (Recreation & Sports).
Is United States Sailing Foundaton a registered 501(c)(3)?
Yes, United States Sailing Foundaton is recognized as a tax-exempt organization by the IRS. EIN: 222667411.
Does United States Sailing Foundaton file IRS Form 990?
Yes, United States Sailing Foundaton has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was United States Sailing Foundaton's revenue in 2023?
In the 202312 filing period, United States Sailing Foundaton reported total revenue of $1,440,618, total expenses of $1,979,292, and net assets of $13,424,840.
Is United States Sailing Foundaton's revenue growing or declining?
United States Sailing Foundaton's revenue is declining. Revenue went from $8,909,851 (202212) to $1,440,618 (202312), a -83.8% change. Based on 13 filings on record.
What is United States Sailing Foundaton's most recent 990 filing?
The most recent IRS Form 990 filing for United States Sailing Foundaton covers tax period 202312. It shows revenue of $1,440,618, expenses of $1,979,292, total assets of $13,424,840, and liabilities of $6,404,061.
How much does United States Sailing Foundaton spend on programs vs administration?
Based on IRS 990 analysis, United States Sailing Foundaton allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is United States Sailing Foundaton a trustworthy charity?
Based on AI analysis of IRS 990 data, United States Sailing Foundaton appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for United States Sailing Foundaton?
The following concerns were identified: Significant fluctuation in revenue, from $8,909,851 in 2022 to $772,576 in 2023, raises questions about funding stability.. A substantial increase in liabilities from $2,332,708 in 2021 to $6,404,061 in 2023 warrants further investigation into the nature of these obligations.. Expenses in 2023 ($1,979,292) significantly exceeded revenue ($1,440,618), indicating a deficit spending year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are United States Sailing Foundaton's strengths?
Positive indicators for United States Sailing Foundaton include: The organization maintains a healthy asset base, with $8,970,589 in 2023, providing a buffer against financial fluctuations.. Historically, the foundation has demonstrated the ability to generate substantial revenue, as seen in 2022 ($8,909,851).. Consistent filing of financial documents indicates a commitment to regulatory compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does United States Sailing Foundaton compensate executives?
Executive compensation details are not explicitly provided in the summary data, requiring deeper analysis of 990 forms to assess reasonableness against organizational size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the drastic revenue drop from $8.9M in 2022 to $0.77M in 2023, and how is the organization planning to address this funding gap?
The provided data shows a sharp decline in revenue from $8,909,851 in 2022 to $772,576 in 2023. This significant drop, coupled with expenses exceeding revenue in 2023, suggests a critical need for a revised fundraising strategy or a major one-time event in 2022 that was not repeated.
What is the nature of the substantial increase in liabilities from $2.3M in 2021 to $6.4M in 2023, and what is the plan for managing this debt?
The liabilities have more than doubled from $2,332,708 in 2021 to $6,404,061 in 2023. Understanding if this is due to new program investments, capital expenditures, or operational debt is crucial for assessing financial health and sustainability.
Filing History
IRS 990 filing history for United States Sailing Foundaton showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United States Sailing Foundaton's revenue has grown by 4486.8%, moving from $31K to $1.4M. Total assets increased by 2822% over the same period, from $459K to $13.4M. Total functional expenses rose by 3303.6%, from $58K to $2.0M. In its most recent filing year (2023), United States Sailing Foundaton reported a deficit of $539K, with expenses exceeding revenue. The organization holds $6.4M in liabilities against $13.4M in assets (debt-to-asset ratio: 47.7%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $2.0M | $13.4M | $6.4M | — | — |
| 2022 | $8.9M | $8.5M | $13.6M | $6.2M | — | — |
| 2021 | $8.3M | $3.0M | $9.6M | $2.3M | — | View 990 |
| 2020 | $586K | $1.3M | $2.2M | $314K | — | — |
| 2019 | $384K | $1.2M | $2.6M | $9K | — | View 990 |
| 2018 | $3.3M | $502K | $3.4M | $0 | — | View 990 |
| 2017 | $739K | $496K | $605K | $2K | — | View 990 |
| 2016 | $48K | $81K | $348K | $1K | — | View 990 |
| 2015 | $-7,466 | $42K | $414K | $35K | — | View 990 |
| 2014 | $60K | $98K | $471K | $42K | — | View 990 |
| 2013 | $49K | $55K | $475K | $10K | — | View 990 |
| 2012 | $14K | $38K | $462K | $13K | — | View 990 |
| 2011 | $31K | $58K | $459K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $2.0M, and assets of $13.4M (revenue -83.8% year-over-year).
- 2022: Revenue of $8.9M, expenses of $8.5M, and assets of $13.6M (revenue +7.1% year-over-year).
- 2021: Revenue of $8.3M, expenses of $3.0M, and assets of $9.6M (revenue +1319.0% year-over-year).
- 2020: Revenue of $586K, expenses of $1.3M, and assets of $2.2M (revenue +52.7% year-over-year).
- 2019: Revenue of $384K, expenses of $1.2M, and assets of $2.6M (revenue -88.5% year-over-year).
- 2018: Revenue of $3.3M, expenses of $502K, and assets of $3.4M (revenue +351.3% year-over-year).
- 2017: Revenue of $739K, expenses of $496K, and assets of $605K (revenue +1443.9% year-over-year).
- 2016: Revenue of $48K, expenses of $81K, and assets of $348K.
- 2015: Revenue of $-7,466, expenses of $42K, and assets of $414K (revenue -112.5% year-over-year).
- 2014: Revenue of $60K, expenses of $98K, and assets of $471K (revenue +22.5% year-over-year).
- 2013: Revenue of $49K, expenses of $55K, and assets of $475K (revenue +258.1% year-over-year).
- 2012: Revenue of $14K, expenses of $38K, and assets of $462K (revenue -56.7% year-over-year).
- 2011: Revenue of $31K, expenses of $58K, and assets of $459K.
Data Sources and Methodology
This transparency report for United States Sailing Foundaton is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.