EIN: 13-1671529 · BRISTOL, RI · Data spans: TY2015–TY2024
Most recent filing: Tax Year 2024.
A more recent filing may not yet be published.
Sailing's public record, made legible. All numbers come directly from this organization's own sworn 990 filing. Patterns are computed from years of filings — not assessments or judgments.
Read trends in context: compare like with like, note the filing year, and treat major disruptions (like 2020–2021) as discontinuities rather than a continuous baseline.
Missing or N/A does not always mean absent. It can mean the item was not disclosed on that form, not collected on that filing type, or not available for that year.
$9,997,014
$12,285,451
$3,618,476
-$1,324,188
65 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2024 · 990
Total compensation, benefits & payroll taxes (Part IX)
TY2024$5,131,486
Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.
~$79,000 per employee ⓘ — average across 65W-2 employees; includes benefits & payroll taxes; part-time and seasonal staff counted at full weight.
Named officers/key employees (Part VII‑A) show reportable compensation only and are already included in the Part IX total above. They are not additive.
Named staff org comp sums to $1,147,483. The remaining $3,984,003is unlisted staff labor cost — includes benefits & payroll taxes for all employees, not any one person's salary.
Professional & consulting fees (Part IX, line 11)
TY2024$2,158,991
Payments to outside firms and independent contractors — not included in the Part IX labor total above. Combined with the labor total, full people cost is $7,290,477.
Functional Expense Allocation (Part IX)
TY2024$12,285,451total functional expenses
67.7%
Program services
$8,319,754
30.2%
Management & general
$3,715,168
2.0%
Fundraising
$250,529
Source: Form 990, Part IX, line 25.
Historical Trends
Revenue vs. Expenses
Net Revenue / Operating Margin
Net Assets
Financial Health Snapshot
Derived from IRS 990 filings. Figures are as reported — they reflect a single point in time and should be read alongside the full filing history and program context above. No benchmark is a verdict.
Operating Margin
Net revenue as a share of total revenue. Positive = surplus; negative = deficit.
Sector context: sailing organizations typically run thin margins by design. A small surplus signals structural balance; a deficit is not automatically a warning without multi-year trend context.
Cash reserve (months)
Cash and short-term investments divided by average monthly expense.
A common practitioner benchmark: 3–6 months of unrestricted reserves provides a buffer for seasonal revenue gaps or unexpected costs. This figure is not a compliance threshold.
Revenue Change (YoY)
Change in total revenue from TY2023 to TY2024.
A single year of revenue change is a data point, not a trend. See the historical trends above for multi-year pattern context.
Revenue Trend
| Tax Year | Period | Form | Revenue | Expenses | Net Revenue | Net Assets |
|---|---|---|---|---|---|---|
| TY2015 | Before 2020 | 990 | $10,511,722 | $9,862,276 | $649,446 | $5,817,826 |
| TY2016 | Before 2020 | 990 | $11,646,019 | $10,450,026 | $1,195,993 | $7,062,155 |
| TY2017 | Before 2020 | 990 | $9,668,307 | $10,915,627 | -$1,247,320 | $6,144,375 |
| TY2018 | Before 2020 | 990 | $9,925,617 | $11,451,899 | -$1,526,282 | $4,715,364 |
| TY2019 | Before 2020 | 990 | $10,474,843 | $11,154,534 | -$679,691 | $4,053,075 |
| TY2020 | 2020–2021 | 990 | $9,873,231 | $9,079,817 | $793,414 | $4,864,091 |
| TY2021 | 2020–2021 | 990 | $11,092,289 | $11,465,127 | -$372,838 | $4,317,229 |
| TY2022 | 2022+ | 990 | $14,807,478 | $14,102,629 | $704,849 | $4,801,639 |
| TY2023 | 2022+ | 990 | $12,911,236 | $11,838,413 | $1,072,823 | $5,761,099 |
| TY2024 | 2022+ | 990 | $9,997,014 | $12,285,451 | -$2,288,437 | -$1,324,188 |
Revenue trend is a filing-history view. It helps you compare operating periods, not infer the club's live condition today.
Revenue Breakdown (Part VIII — most recent year)
Form 990, Part VIII — Statement of Revenue. Includes, but is not limited to: Line 1 = contributions and grants (including member dues reported as contributions). Lines 2a–2f = program service revenue (activities that directly further the organization's exempt purpose). Line 3 = investment income. The specific mix varies by organization type. Source: the organization's own sworn filing.
| Line | Description | Amount |
|---|---|---|
| 11a | MISCELLANEOUS INCOME | $128,826 |
| 12 | Total revenue | $9,997,014 |
| 1d | Related organizations | $26,753 |
| 1f | All other contributions, gifts, grants | $3,359,046 |
| 1g | Noncash contributions included in 1a-1f | $814,394 |
| 1h | Total contributions and grants | $3,385,799 |
| 2a | ADULT PROGRAMS | $2,769,535 |
| 2b | YOUTH PROGRAMS | $1,442,336 |
| 2c | OLYMPIC PROGRAM | $1,142,534 |
| 2d | OFFSHORE RACE SUPPORT | $459,924 |
| 2e | OTHER EDUCATION SERVIC | $18,445 |
| 2f | Total program service revenue | $5,832,774 |
| 3 | Investment income | $18,018 |
Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.
Endowment (Schedule D, Part V)
$251,999
Ending endowment balance as of TY2024
Ending balance — 5-year trend
TY2020
$382,753
TY2021
$435,764
TY2022
$340,648
TY2023
$351,083
TY2024
$251,999
TY2024 rollforward
Allocation
0.25884%
Board-designated
0.74116%
Permanent endowment
Source:Form 990, Schedule D, Part V. Endowment funds reflect the organization's long-term investment reserves.
Balance Sheet (Part X)
TY2024| Line | Description | BOY | EOY |
|---|---|---|---|
| 16 | Total assets | $15,120,841 | $3,618,476 |
| 26 | Total liabilities | $9,359,742 | $4,942,664 |
| 33 | Total net assets or fund balances | $5,761,099 | -$1,324,188 |
Source: Form 990, Part X, Balance Sheet.
Officers & Key Staff (Part VII)
How to read this section
This is not a full staff directory. It is the subset of people the organization had to disclose in Form 990, Part VII (the officer, director, trustee, key employee, and highest-compensated employee section of the filing). Why this matters: a missing name does not mean a person was not employed or involved.
Total Volunteer Board Hours/Week (Selected Year): 181
Hours per week are self-reported by each officer on Form 990, Part VII. They are not verified.
Officers and directors as reported on Form 990, Part VII. These are typically unpaid, elected positions. If an officer receives compensation, it will appear in the Paid Staff tab.
Operationally, this section is most useful for understanding disclosed leadership structure, compensation visibility, and board labor — not for reconstructing the full staffing model of a club.
| Name | Title | Hours/Week | Status |
|---|---|---|---|
| LAURA GRONDIN | VICE PRESIDENT (AS OF 11/24) | 10 | Volunteer |
| LUKE MULLER | DIRECTOR (AS OF 12/24) | 5 | Volunteer |
| MAGGIE SHEA | DIRECTOR (TO 11/24) | 5 | Volunteer |
| MARIE ROGERS | VICE PRESIDENT/DIRECTOR (TO 11/24) | 5 | Volunteer |
| MATT GALLAGHER | SECRETARY/DIRECTOR (AS OF 11/24) | 10 | Volunteer |
| MIKE VAN DYKE | DIRECTOR (AS OF 11/24) | 5 | Volunteer |
| BOB KOTTLER | DIRECTOR (AS OF 11/24) | 5 | Volunteer |
| RICHARD JEPSEN | PRESIDENT/DIRECTOR (TO 11/24) | 10 | Volunteer |
| SARAH LIHAN | DIRECTOR | 25 | Volunteer |
| SHEILA TOLLE | DIRECTOR | 5 | Volunteer |
| STAN HONEY | DIRECTOR | 5 | Volunteer |
| WILLIAM RUH | DIRECTOR-FOUNDATION PRESIDENT (TO 2/24) | 5 | Volunteer |
| PAMELA HEALY | DIRECTOR | 10 | Volunteer |
| BRIAN KEANE | DIRECTOR/ FOUNDATION PRESIDENT (AS OF 2/24) | 10 | Volunteer |
| CHARLIE ARMS | SECRETARY/DIRECTOR (TO 11/24) | 10 | Volunteer |
| CHRIS BARNARD | DIRECTOR (AS OF 12/24) | 1 | Volunteer |
| HENRY BRAUER | PRESIDENT (AS OF 11/24) | 25 | Volunteer |
| JOHN SCHOENDORF | TREASURER/DIRECTOR | 25 | Volunteer |
| JUDGE RYAN | DIRECTOR (TO 11/24) | 5 | Volunteer |
Top Independent Contractors (Part VII-B)
$173,077across 1 contractor
| Contractor | Services | Compensation |
|---|---|---|
| — | OLYMPIC SAILING DIRECTOR | $173,077 |
Source: Form 990, Part VII, Section B. Lists each independent contractor paid more than $100,000.
Programs (Part III — most recent year)
Form 990, Part III — Statement of Program Service Accomplishments. These are the activities that directly further the organization's exempt purpose. Expenses, grants, and revenue are as reported in the organization's own sworn filing.
THE YOUTH PROGRAMS PROVIDES YOUTH TRAINING AND CERTIFICATION OF INSTRUCTORS FOR BEGINNING INTERMEDIATE AND ADVANCED SAILING CLASSES PROVIDED THROUGHOUT THE US. FOR LEARN-TO-SAIL PROGRAMS AND SMALL BOAT PROGRAMS WITH A GOAL OF PROMOTING PARTICIPATION IN BOATING AND ON-WATER ACTIVITIES. THESE SERVICES ARE ALSO CONDUCTED IN ASSOCIATION WITH VARIOUS INTERNATIONAL SAIL TRAINING ORGANIZATIONS. ALSO COND…
THE YOUTH PROGRAMS PROVIDES YOUTH TRAINING AND CERTIFICATION OF INSTRUCTORS FOR BEGINNING INTERMEDIATE AND ADVANCED SAILING CLASSES PROVIDED THROUGHOUT THE US. FOR LEARN-TO-SAIL PROGRAMS AND SMALL BOAT PROGRAMS WITH A GOAL OF PROMOTING PARTICIPATION IN BOATING AND ON-WATER ACTIVITIES. THESE SERVICES ARE ALSO CONDUCTED IN ASSOCIATION WITH VARIOUS INTERNATIONAL SAIL TRAINING ORGANIZATIONS. ALSO COND…
THE EDUCATION DEVELOPS PRODUCTS AND PROGRAMS THAT SUPPORT THE VARIOUS CONSTITUENT SECTIONS OF US SAILING (YOUTH, ADULT, AND RACE ADMINISTRATION). ADDITIONALLY RESPONSIBLE FOR SCHEDULING OF EDUCATIONAL COURSES AND SEMINARS, RESPONSIBLE FOR MANAGING THE ORGANIZATIONAL RELATIONSHIPS WITH THE US COAST GUARD, NATIONAL ASSOCIATION OF STATE BOATING ADMINISTRATORS (NASBLA) ,AND NATIONAL SAFE BOATING COUNC…
THE EDUCATION DEVELOPS PRODUCTS AND PROGRAMS THAT SUPPORT THE VARIOUS CONSTITUENT SECTIONS OF US SAILING (YOUTH, ADULT, AND RACE ADMINISTRATION). ADDITIONALLY RESPONSIBLE FOR SCHEDULING OF EDUCATIONAL COURSES AND SEMINARS, RESPONSIBLE FOR MANAGING THE ORGANIZATIONAL RELATIONSHIPS WITH THE US COAST GUARD, NATIONAL ASSOCIATION OF STATE BOATING ADMINISTRATORS (NASBLA) ,AND NATIONAL SAFE BOATING COUNC…
Governance & Transparency Signals
The IRS Form 990 is a sworn disclosure document — not just a tax return. Beyond financials, it captures governance policies, compensation practices, and relationships between insiders and the organization. Every category below comes directly from that filing. When a field is blank, it is often because this form type doesn’t require it, or the org doesn’t meet the threshold that triggers disclosure. That context is itself worth knowing.
Conflict of Interest Policy
Form 990, Part VI — Line 12a
Governance data not available for this organization’s most recent filing year. This can occur for newly filed returns not yet in the corpus, or for organizations whose XML filing did not include Part VI.
Whistleblower Protection Policy
Form 990, Part VI — Line 13
Governance data not available for this organization’s most recent filing year.
Officer & Key Employee Compensation (Part VII)
Form 990, Part VII — Named individuals with reportable compensation
Part VII requires individual disclosure of all officers, directors, trustees, key employees, and the five highest-compensated employees earning above the reporting threshold. The individuals listed here are from the most recent available filing.
| Name | Title | Comp from Org |
|---|---|---|
| ALAN OSTFIELD | CHIEF EXECUTIVE OFFICER | $319,454 |
| ERIC KRASNOO | SVP MEMBERSHIP | $188,054 |
| ANDREW CLOUSTON | SVP PROGRAM & SERVICES | $169,419 |
| BLAINE PEDLOW | SVP DEVELOPMENT | $159,362 |
| SALLY BARKOW | OLYMPIC TEAM COACH | $124,746 |
| RENEE WETTERLAND | HEAD OF HR/OPERATIONS | $111,073 |
| HEATHER MONOSON | CHIEF FINANCIAL OFFICER (TO 3/24) | $75,375 |
Compensation shown is reportable compensation from this organization only, as disclosed in Part VII. Most volunteer-run sailing clubs report $0 officer compensation, while larger organizations may report paid executive roles. The figures above show exactly what this filing reports for named individuals.
Independent Compensation Consultant
Schedule J, Part I — Organizations filing when comp exceeds $150K
No independent compensation consultant reported for the most recent year with Schedule J data (2024). Executive pay was set through internal board processes — a compensation committee, comparison to prior years, or board vote — without outside benchmarking. This filing line records the process used, rather than evaluating whether that process is right or wrong.
Equity-Based Compensation
Schedule J, Part II — Per-person compensation detail
No equity-based compensation reported — expected for a nonprofit. Nonprofits cannot issue ownership stakes because they have no shareholders. In the for-profit world, equity aligns executive incentives with long-term value creation; the nonprofit analog takes different forms (retention bonuses, deferred comp) but not equity. Zero percent of organizations in the sailing and yacht club corpus report this. This section reports whether the filing includes that disclosure.
Related-Party Transactions (Schedule L)
Schedule L — Transactions with Interested Persons (officers, directors, their families, controlled entities)
Schedule L requires disclosure of loans, grants, and business transactions between the organization and its own insiders — board members, officers, key employees, and their family members or entities they control. Nonprofits are not prohibited from transacting with insiders, but they must disclose it, follow fair-market-value standards, and document that the transaction benefited the organization, not just the insider. These disclosures exist because self-dealing is the most direct way nonprofit assets can flow to those in control.
4 transactions found across all available filing years. Sorted largest to most recent.
| Person / Entity | Relationship | Type | Amount | Year |
|---|---|---|---|---|
| HENRY BRAUER | BOARD MEMBER/PRESIDENT AS OF 11/24 | loan | $200,000 | 2024 |
| BRIAN KEANE | BOARD MEMBER | loan | $200,000 | 2024 |
| BRIAN KEANE | BOARD MEMBER | loan | $200,000 | 2024 |
| HENRY BRAUER | BOARD MEMBER/PRESIDENT AS OF 11/24 | loan | $200,000 | 2024 |
⚠️ Entity-controlled transactions detected. One or more transactions involve an entity owned or controlled by a board officer. Even if terms are fair, this is a related-party transaction of the highest order: the lender has direct influence over whether the loan is repaid, on what terms, and whether it was structured to benefit the club or themselves. Key questions: Was interest charged at market rate? Did a disinterested board majority approve it? Is there a documented repayment schedule?
📋 Context note. Where available, transactional context may be supplemented by audited financial statements or other independent disclosures that are not derived from 990 XML data alone. When an independent audit confirms the terms, repayment schedule, and arm's-length pricing of a related-party loan, the transaction carries a materially different risk profile than the 990 alone would suggest.
Schedule O — Supplemental Information (most recent year)
Organizations use Schedule O to provide additional explanation for answers given on the main 990 form. These are direct excerpts from the filed document.
FORM 990, PART VI, SECTION B, LINE 12C
EACH YEAR THE ORGANIZATIONS CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN …
FORM 990, PART XII, LINE 2C
THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
FORM 990, PART VI, SECTION B, LINE 11B
A DRAFT FORM 990 IS PROVIDED BY US SAILINGS EXTERNAL AUDITORS FOR REVIEW BY THE CFO, AND ANY NEEDED ADJUSTMENTS ARE MADE. THE FINAL DRAFT FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE AND CEO FOR REVIEW AND APPROVAL PRIOR TO SENDING TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 15A
THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE CHIEF EXECUTIVES FOR SPORT (ACES) SALARY SURVEY AND OTHER APPROPRIATE SALARY SURVEYS BEFORE MAKING A RECOMMENDATION TO THE BOARD.
FORM 990, PART IX, LINE 11G
CONSULTANTS: PROGRAM SERVICE EXPENSES 1,936,470. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 20,826. TOTAL EXPENSES 1,957,296.
Mission
INCREASE SAILING PARTICIPATION AND EXCELLENCE THROUGH EDUCATION, COMPETITION AND EQUAL OPPORTUNITY, WHILE UPHOLDING THE PRINCIPLES OF FAIR PLAY, SPORTSMANSHIP AND SAFETY.
As stated in the organization's 990 filing.
IRS Source Filings
Source filings are IRS e-file records in XML (Extensible Markup Language) format — a structured data standard used by the IRS for electronic filing. If you open one of these links, it will look like code. That's not an error — that's what XML looks like. Harbor Commons processes this raw XML and presents the structured, readable view you see above.
Why this matters: the XML is the receipt. Harbor Commons is the reading layer on top of that receipt. If you ever need to verify a number, wording choice, or disclosure, the source filing is where to check.
Similar Organizations
Finding peer organizations…
📡 Filing Signals (18 total)
Trends and shifts computed from this organization's own public filings across all available years. Signals highlight where numbers changed — not whether those changes are good or bad. Only people with inside knowledge of this organization can interpret what these signals mean.
Signals describe filing history, not the club's live operating state. The newest filing may still lag current reality by many months.
See an error?
If you spot a data discrepancy, misattribution, or filing mismatch — let us know.
Send us a signal →