Usmma Sailing Foundation Inc
Usmma Sailing Foundation Inc shows volatile revenue but strong asset base and no reported officer compensation.
EIN: 113561278 · Kings Point, NY · NTEE: B114 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.7M |
| Total Expenses | $17.9M |
| Program Spending | 85% |
| Net Assets | $40.9M |
| Transparency Score | 85/100 |
Is Usmma Sailing Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Usmma Sailing Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Usmma Sailing Foundation Inc
Usmma Sailing Foundation Inc (EIN: 113561278) is a nonprofit organization based in Kings Point, NY, classified under NTEE code B114. The organization reported total revenue of $18.7M and total assets of $38.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Usmma Sailing Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Usmma Sailing Foundation Inc is a large nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.0M |
| Total Expenses | $17.9M |
| Surplus / Deficit | +$111K |
| Total Assets | $41.7M |
| Total Liabilities | $788K |
| Net Assets | $40.9M |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 28.0 months |
Financial Health Grade: A
In 2023, Usmma Sailing Foundation Inc reported a surplus of $111K with revenue exceeding expenses, holds 28.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Usmma Sailing Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.4% | +23.3% | +0.7% |
| 2022 | +286.5% | +10.2% | +27.2% |
| 2021 | +6.2% | +46.0% | -18.7% |
| 2020 | -6.1% | -21.7% | -6.5% |
| 2019 | -47.1% | -12.8% | -11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Usmma Sailing Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Usmma Sailing Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $111K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor trust and resource allocation.
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 Usmma Sailing Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, making financial planning challenging.
- Occasional large deficits where expenses substantially exceed revenue (e.g., 2021).
Strengths
The following positive indicators were identified for Usmma Sailing Foundation Inc:
- Consistently reports 0% officer compensation, indicating efficient use of funds at the executive level.
- Strong asset base ($38.5M in 2023) significantly exceeding liabilities ($787K in 2023), demonstrating excellent solvency.
- Positive net income in several recent years, including 2023 ($17.9M revenue vs. $17.8M expenses).
- Low liabilities relative to assets, indicating strong financial health.
Frequently Asked Questions about Usmma Sailing Foundation Inc
Is Usmma Sailing Foundation Inc a legitimate charity?
Usmma Sailing Foundation Inc (EIN: 113561278) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $18.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Usmma Sailing Foundation Inc spend its money?
Usmma Sailing Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Usmma Sailing Foundation Inc tax-deductible?
Usmma Sailing Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113561278). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Usmma Sailing Foundation Inc's spending goes to programs?
Usmma Sailing Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Usmma Sailing Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Usmma Sailing Foundation Inc is above average for NTEE category B114 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Usmma Sailing Foundation Inc located?
Usmma Sailing Foundation Inc is headquartered in Kings Point, New York and files with the IRS under EIN 113561278. It is classified under NTEE code B114.
How many years of IRS 990 filings does Usmma Sailing Foundation Inc have?
Usmma Sailing Foundation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $18.7M in total revenue.
How does Usmma Sailing Foundation Inc manage its significant revenue fluctuations?
The organization's revenue has varied wildly, from $3.8 million in 2016 to $35.6 million in 2017. This suggests a reliance on large, potentially one-time donations or project-specific funding, which requires careful financial management to ensure stability.
What is the reason for 0% officer compensation reported across all filings?
The consistent reporting of 0% officer compensation indicates that the organization's leadership may be entirely volunteer-based or compensated through non-officer roles, which is a strong positive for efficient use of funds and transparency.
Is the organization financially stable despite periods of high expenses exceeding revenue?
While there have been years where expenses significantly exceeded revenue (e.g., 2021 with $13.1M expenses vs. $5.9M revenue), the organization maintains a strong asset base ($38.5M latest assets vs. $787K liabilities in 2023), suggesting it can absorb these deficits through reserves.
Filing History
IRS 990 filing history for Usmma Sailing Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Usmma Sailing Foundation Inc's revenue has grown by 306.7%, moving from $4.4M to $18.0M. Total assets increased by 35.1% over the same period, from $30.9M to $41.7M. Total functional expenses rose by 336.9%, from $4.1M to $17.9M. In its most recent filing year (2023), Usmma Sailing Foundation Inc reported a surplus of $111K, with revenue exceeding expenses. The organization holds $788K in liabilities against $41.7M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $40.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.0M | $17.9M | $41.7M | $788K | — | — |
| 2022 | $23.2M | $14.5M | $41.4M | $622K | — | View 990 |
| 2021 | $6.0M | $13.2M | $32.6M | $440K | — | View 990 |
| 2020 | $5.6M | $9.0M | $40.0M | $744K | — | — |
| 2019 | $6.0M | $11.5M | $42.8M | $167K | — | View 990 |
| 2018 | $11.4M | $13.2M | $48.4M | $211K | — | View 990 |
| 2017 | $35.6M | $9.2M | $50.5M | $467K | — | View 990 |
| 2016 | $3.9M | $5.6M | $23.7M | $175K | — | View 990 |
| 2015 | $9.2M | $6.8M | $25.4M | $183K | — | View 990 |
| 2014 | $5.4M | $4.4M | $23.1M | $255K | — | View 990 |
| 2013 | $805K | $4.1M | $21.8M | $8K | — | View 990 |
| 2012 | $-8,588,532 | $5.2M | $25.1M | $34K | — | View 990 |
| 2011 | $14.0M | $6.0M | $39.4M | $577K | — | View 990 |
| 2010 | $4.4M | $4.1M | $30.9M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.0M, expenses of $17.9M, and assets of $41.7M (revenue -22.4% year-over-year).
- 2022: Revenue of $23.2M, expenses of $14.5M, and assets of $41.4M (revenue +286.5% year-over-year).
- 2021: Revenue of $6.0M, expenses of $13.2M, and assets of $32.6M (revenue +6.2% year-over-year).
- 2020: Revenue of $5.6M, expenses of $9.0M, and assets of $40.0M (revenue -6.1% year-over-year).
- 2019: Revenue of $6.0M, expenses of $11.5M, and assets of $42.8M (revenue -47.1% year-over-year).
- 2018: Revenue of $11.4M, expenses of $13.2M, and assets of $48.4M (revenue -68.1% year-over-year).
- 2017: Revenue of $35.6M, expenses of $9.2M, and assets of $50.5M (revenue +814.1% year-over-year).
- 2016: Revenue of $3.9M, expenses of $5.6M, and assets of $23.7M (revenue -57.6% year-over-year).
- 2015: Revenue of $9.2M, expenses of $6.8M, and assets of $25.4M (revenue +68.9% year-over-year).
- 2014: Revenue of $5.4M, expenses of $4.4M, and assets of $23.1M (revenue +576.4% year-over-year).
- 2013: Revenue of $805K, expenses of $4.1M, and assets of $21.8M.
- 2012: Revenue of $-8,588,532, expenses of $5.2M, and assets of $25.1M (revenue -161.3% year-over-year).
- 2011: Revenue of $14.0M, expenses of $6.0M, and assets of $39.4M (revenue +217.0% year-over-year).
- 2010: Revenue of $4.4M, expenses of $4.1M, and assets of $30.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Usmma Sailing Foundation Inc:
Data Sources and Methodology
This transparency report for Usmma Sailing Foundation Inc 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.