2016-11-11T08:33:08-06:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2015-01-01 131671529 UNITED STATES SAILING ASSOCIATION INC UNIT 4016830800 PO BOX 1260 15 MARITIME DRIVE PORTSMOUTH RI 02871 DIANA KARETA DIRECTOR OF FINANCE 4016830800 2016-11-11 1 JUDY DALEY P01294075 6179848100 2016-11-11 2015 2017-02-10 21:41:12Z BYRON J GIERHART JR PO BOX 1260 15 MARITIME DRIVE PORTSMOUTH RI 02871 12047149 0 X WWW.USSAILING.ORG X 1897 NY TO ENCOURAGE PARTICIPATION IN THE SPORT OF SAILING THROUGH VOLUNTEERS AND MEMBER ORGANIZATIONS AND TO GOVERN, PROMOTE AND REPRESENT SAILBOAT RACING IN THE U.S.A. 15 14 54 14 0 0 2166854 3356659 6536513 6539714 -11838 70466 585906 544883 9277435 10511722 498477 651141 0 0 3503369 3612224 0 0 129697 5028583 5598911 9030429 9862276 247006 649446 7505933 8253216 2183825 2435390 5322108 5817826 X THE ORGANIZATION'S MISSION IS TO ENCOURAGE PARTICIPATION IN THE SPORT OF SAILING THROUGH VOLUNTEERS AND MEMBER ORGANIZATIONS AND TO GOVERN, PROMOTE AND REPRESENT SAILBOAT RACING IN THE U.S.A. 0 0 4103140 524621 2996666 OLYMPIC PROGRAM - TRAINING AND SUPPORT OF TEAMS AND INDIVIDUALS PREPARING FOR OLYMPIC AND PARALYMPIC COMPETITIONS. SUPPORT INCLUDES COACHING, HEALTH AND NUTRITION COUNSELING, PHYSICAL AND PSYCHOLOGICAL STRENGTHENING, LOGISTICS AND WEATHER FORECASTING SUPPORT. 1629729 104237 1190248 TRAINING AND KEELBOAT PROGRAMS - TRAINING AND CERTIFICATION OF INSTRUCTORS FOR BEGINNING, INTERMEDIATE AND ADVANCED SAILING CLASSES PROVIDED THROUGHOUT THE U.S. FOR LEARN-TO-SAIL PROGRAMS, KEELBOAT AND CRUISING PROGRAMS, LEARN-TO-RACE PROGRAMS AND POWERBOAT 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. 1963889 21707 1434297 SUPPORTING PROGRAMS - DISSEMINATION OF NEWS AND ACTIVITIES THROUGHOUT THE SAILING COMMUNITY VIA E-USSAILING ELECTRONIC NEWSLETTER AND PODCASTS, WEBSITE AND ANNUAL REPORT TO MEMBERS. PROVIDE SUPPORT FOR REGATTA ORGANIZERS THROUGH US SAILING'S ACTIVE NETWORK. INDUSTRY SUPPORT THROUGH SEMINARS AND OTHER VENUES SUCH AS THE YACHT CLUB MANAGEMENT SEMINAR. MEMBERSHIPS INCLUDE APPROXIMATELY 34,000 INDIVIDUALS AND 1,400 ORGANIZATIONS. 866131 0 632566 OFFSHORE AND RACE ADMINISTRATION PROGRAMS - ADMINISTRATION OF SAILING'S VARIOUS HANDICAPPING SYSTEMS, PUBLISHING AND MANAGING THE RACING RULES OF SAILING (RRS) AND REGULATIONS, TRAINING TO PROMOTE SAFE PRACTICES AT SEA, TRAINING AND CERTIFICATION OF JUDGES AND RACE OFFICIALS, RESEARCH AND DEVELOPMENT OF RACING OPTIMIZATION PACKAGES TO MAXIMIZE ON-WATER BOAT PERFORMANCE. 406750 575 297064 INSHORE/CHAMPIONSHIPS PROGRAMS - CONDUCTING AND MANAGING 17 UNITED STATES SAILING CHAMPIONSHIP EVENTS TO DETERMINE NATIONAL CHAMPIONS IN SUCH AREAS AS MEN'S AND WOMEN'S CHAMPIONSHIPS, MULTIHULL CHAMPIONSHIP, YOUTH MULTIHULL CHAMPIONSHIP, DISABLED CHAMPIONSHIP, JUNIOR MEN'S AND WOMEN'S CHAMPIONSHIPS, TEAM RACING CHAMPIONSHIPS, AND THE CHAMPIONSHIP OF CHAMPIONS. IN ADDITION, NUMEROUS (25 IN 2011 AND 2010) JUNIOR OLYMPIC EVENTS ARE CONDUCTED ALL ACROSS THE COUNTRY TO ENCOURAGE THOSE WHO ARE CONSIDERING OLYMPIC CAMPAIGNS. THIS PROGRAM ALSO PARTNERS WITH A NATIONAL INSURANCE GROUP TO PROVIDE YACHT CLUBS WITH COVERAGE FOR THEIR FACILITIES AND EVENTS. 1272881 575 929630 8969639 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 288 0 1 54 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 RI NH CT OR NY CO MI CA FL MA MD IL ME MS NJ NC OH VA X X X DIANA KARETA 4016830800 15 MARITIME DRIVE PORTSMOUTH RI 02871 TOM HUBBELL PRESIDENT 1.00 X X 0 0 0 BRUCE BURTON VICE PRESIDENT 1.00 X X 0 0 0 TARAN TEAGUE TREASURER 1.00 X X 0 0 0 PATRICIA LAWRENCE SECRETARY 1.00 X X 0 0 0 JOSH ADAMS OLYMPIC SAILING MANAGING DIRECTOR 37.50 X X 141934 0 0 BEN RICHARDSON OLYMPIC SAILING CHAIR 1.00 X 0 0 0 STEVE BENJAMIN DIRECTOR 1.00 X 0 0 0 JJ FETTER DIRECTOR 1.00 X 0 0 0 CHARLES HAWLEY DIRECTOR 1.00 X 0 0 0 GEORGE HINMAN DIRECTOR 1.00 X 0 0 0 SHEILA MCCURDY DIRECTOR 1.00 X 0 0 0 MAUREEN MCKINNON DIRECTOR 1.00 X 0 0 0 CORY SERTL DIRECTOR 1.00 X 0 0 0 DAVID ULLMAN DIRECTOR 1.00 X 0 0 0 JAMES WALSH DIRECTOR 1.00 X 0 0 0 BYRON J GIERHART JR EXECUTIVE DIRECTOR 37.50 X 186286 0 0 DIANA KARETA DIRECTOR OF FINANCE 37.50 X 72476 0 0 CHARLES MCKEE HIGH PER. DIRECTOR 37.50 X 121203 0 0 TIM SWANSEY IT MANAGER 37.50 X 103484 0 0 DANIEL NOWLAN OFFSHORE DIRECTOR 37.50 X 100071 0 0 725454 0 0 5 0 1 0 MARK ALLEN LITTLEJOHN 26 THE HORNET SUITE 813 CHICHESTER UK COACHING 159841 THINK FIRST SAVE 269 MIDDLESEX ROAD BUFFALO NY 14216 CONSULTING 144846 GRANT C SPANHAKE DBA GRANT SPANHAKE TACH 13 EAST LAKE DRIVE ANNOPOLIS MD 21403 COACHING & CONSULTING 108279 3 4000 324339 3028320 3356659 MEMBERSHIP DUES 711300 1938781 1938781 SPONSORSHIP AGREEMENTS 711300 1895185 1895185 EDUCATIONAL & PROGRAM ACTIVITIES 711300 1637767 1637767 USOC SPONSORSHIP 711300 1067981 1067981 6539714 69889 69889 12246 12246 1408596 1408019 577 577 577 648918 127408 521510 521510 OTHER REVENUE 711300 11127 11127 11127 10511722 6550841 0 604222 X 131740 131740 519401 519401 226765 90706 102044 34015 2821674 2525334 267184 29156 108698 100265 8133 300 226934 204258 19699 2977 228153 206601 19945 1607 8875 8875 25710 25710 25717 25717 1803001 1752475 45996 4530 89213 89213 670410 624300 31819 14291 56633 44155 11649 829 2780 2780 342617 314575 27137 905 1072830 982694 87468 2668 179475 175581 3721 173 3127 2668 445 14 344013 316681 26505 827 120311 108995 10570 746 LOGISTICS 170614 170614 SPONSORSHIP EXPENSES 152998 152998 BANK CHARGES 105356 100787 2236 2333 DUES & SUBSCRIPTIONS 101310 71202 30101 7 323921 281616 7986 34319 9862276 8969639 762940 129697 972285 358111 497180 949757 1163189 1966115 152805 160522 288673 209632 127891 321134 3076419 1793128 888169 1283291 3203454 2840998 212287 163656 7505933 8253216 446306 521095 1715956 1903562 21563 10733 2183825 2435390 X 3132558 2707457 2086050 3006869 103500 103500 5322108 5817826 7505933 8253216 649446 -153728 0 X 0 1 X 1 0 X 5914789 6065986 2007278 2166854 3356659 19511566 2120057 2192871 6657930 6536513 7188632 24696003 8034846 8258857 8665208 8703367 10545291 44207569 0 124130 162324 639536 925990 124130 162324 639536 925990 43281579 108605 97727 71935 82084 82135 442486 108605 97727 71935 82084 82135 442486 1539 1539 43696 55240 56373 55315 11127 221751 8188686 8411824 8793516 8840766 10638553 44873345 0.96450 0.96850 0.00990 0.01100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2584666 -91566 222193 2270907 2622719 40987 79040 2584666 2629232 186314 174000 18827 2622719 2594923 323310 289001 2629232 2948891 -53968 300000 2594923 0.90970 0.04460 0.04570 0 0 103667 103667 0 2933631 1657645 1275986 39121 31816 7305 1283291 LONG-TERM INVESTMENTS 2840998 F 2840998 X 10569176 -153728 109491 127408 83171 10486005 25717 25717 10511722 10073458 109491 127408 236899 9836559 25717 25717 9862276 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE BOARD DESIGNATED "QUASI-ENDOWMENTS" - SUPPORT FOR OLYMPIC AND YOUTH SAILING PROGRAMS AND INITIATIVES. TERM AND PERMANENT ENDOWMENTS ARE DESIGNATED FOR PRE-OLYMPIC DEVELOPMENT PROGRAMS AS WELL AS PROMOTING AND RECOGNIZING SPORTSMANSHIP IN SAILING. PART X, LINE 2: THE ASSOCIATION IS A PUBLIC CHARITY EXEMPT FROM FEDERAL INCOME TAXES IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE ASSOCIATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. THE ASSOCIATION ANNUALLY FILES IRS FORM 990, IRS FORM 990-T AND VARIOUS STATE FILINGS, REPORTING VARIOUS INFORMATION THAT THE IRS AND STATE TAXING AUTHORITIES USE TO MONITOR THE ACTIVITIES OF TAX EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE ASSOCIATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COST OF GOODS SOLD 127,408. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COST OF GOODS SOLD 127,408. 1 US SAILING CENTER MIAMI 2476 SOUTH BAYSHORE DRIVE MIAMI FL 33133 592846357 501(C)(3) 24000 FMV N/A GRANTS TO CLUBS PROVIDING FACILITIES TO MIAMI OLYMPIC CLASS REGATTA TO DEFRAY COSTS OF HOSTING THE EVENT. COMMUNITY BOATING CENTER INC 25 INDIA STREET PROVIDENCE RI 02903 222946979 501(C)(3) 7500 FMV N/A GRANTS TO COMMUNITY SAILING PROGRAMS TO HOST INTRODUCTION TO SAILING EVENTS FOR DISABLED AND AT RISK CHILDREN. COCONUT GROVE SAILING CLUB 2990 SOUTH BAYSHORE DRIVE COCONUT GROVE FL 33133 590636196 501(C)(3) 7500 FMV N/A GRANTS TO CLUBS PROVIDING FACILITIES TO MIAMI OLYMPIC CLASS REGATTA TO DEFRAY COSTS OF HOSTING THE EVENT. CORAL REEF YACHT CLUB 2484 SOUTH BAYSHORE DRIVE MIAMI FL 33133 590776439 501(C)(3) 5500 FMV N/A GRANTS TO CLUBS PROVIDING FACILITIES TO MIAMI OLYMPIC CLASS REGATTA TO DEFRAY COSTS OF HOSTING THE EVENT. CITY OF MIAMI 3500 PAN AMERICAN DRIVE MIAMI FL 33133 596000375 170-C1 13514 FMV N/A GRANTS TO CITY OF MIAMI FOR PROVIDING FACILITIES TO MIAMI OLYMPIC CLASS REGATTA TO DEFRAY COSTS OF HOSTING THE EVENT. DOWNTOWN SAILING CENTER 1425 KEY HIGHWAY SUITE 110 BALTIMORE MD 21230 521867434 501(C)(3) 10000 FMV N/A GRANTS TO US SAILING SANCTIONED COMMUNITY SAILING PROGRAMS TO PROVIDE EXPOSURE TO SAILING BY USING IT AS A STEM EDUCATIONAL PLATFORM NEW ENGLAND SCIENCE AND SAILING FOUNDATION INC 70 WATER STREET PO BOX 733 STONONGTON CT 06339 300245251 501(C)(3) 7500 FMV N/A GRANTS TO US SAILING SANCTIONED COMMUNITY SAILING PROGRAMS TO PROVIDE EXPOSURE TO SAILING BY USING IT AS A STEM EDUCATIONAL PLATFORM WATERFRONT CENTER 1 WEST AVENUE OYSTER BAY NY 11771 113539597 501(C)(3) 7500 FMV N/A GRANTS TO US SAILING SANCTIONED COMMUNITY SAILING PROGRAMS TO PROVIDE EXPOSURE TO SAILING BY USING IT AS A STEM EDUCATIONAL PLATFORM COMMUNITY SAILING CENTER PO BOX 64818 BURLINGTON VT 054064818 030342594 509(A)(1) 7500 FMV N/A GRANTS TO US SAILING SANCTIONED COMMUNITY SAILING PROGRAMS TO PROVIDE EXPOSURE TO SAILING BY USING IT AS A STEM EDUCATIONAL PLATFORM SHAKE-A-LEG MIAMI 2620 SOUTH BAYSHORE DRIVE MIAMI FL 33133 650611917 501(C)(3) 7500 FMV N/A GRANTS TO CLUBS PROVIDING FACILITIES TO MIAMI OLYMPIC CLASS REGATTA TO DEFRAY COSTS OF HOSTING THE EVENT. COMMUNITY SAILING CENTER 25 INDIA STREET PROVIDENCE RI 02903 222946979 501(C)(3) 20000 FMV N/A GRANTS TO US SAILING SANCTIONED COMMUNITY SAILING PROGRAMS TO PROVIDE EXPOSURE TO SAILING BY USING IT AS A STEM EDUCATIONAL PLATFORM 9 11 OLYMPIC AND PARALYMPIC TEAM MEMBER GRANTS TO FUND LOGISTICS, COACHING, TRAINING AND EQUIPMENT PURCHASES FOR OLYMPIC AND PARALYMPIC PREPARATION AND COMPETITION. 84 465375 FMV NATIONAL SAILING PROGRAM SYMPOSIUM. 49 6554 FMV STEM EDUCATOR GRANTS TO TRAIN INSTRUCTORS TO CONDUCT REACH COURSES AT COMMUNITY SAILING CENTERS. 28 10940 FMV SAILORSHIP GRANTS TRAVEL GRANTS FOR YOUNG SAILORS TO ATTEND THE JR OR YOUTH CHAMPIONSHIP REGATTAS. 2 575 FMV PART I, LINE 2: WHERE GRANTS ARE MADE TO ENABLE ATTENDANCE AT A SPECIFIC EVENT, THE FUNDING IS NOT MADE UNTIL JUST BEFORE OR JUST AFTER THE EVENT HAS OCCURRED TO ENSURE PRESENCE AT THE EVENT. IN THE CASE OF THE OLYMPIC AND PARALYMPIC TEAMS, ALL TEAM MEMBERS ARE MONITORED FOR PERFORMANCE AT VARIOUS EVENTS LEADING UP TO THE OLYMPICS AND PARALYMPICS. IN ADDITION, TEAM MEMBERS ATTEND TRAINING CAMPS AND VARIOUS OTHER GROUP MEETINGS TO RECEIVE COACHING, PHYSICAL CONDITIONING EVALUATIONS, WEATHER ADVISORY AND OTHER SUPPORT SERVICES PROVIDED BY US SAILING AS THE NATIONAL GOVERNING BODY. TEAM MEMBERS ARE IN CONSTANT CONTACT WITH TEAM COACHES, THE HIGH PERFORMANCE DIRECTOR, AND THE OLYMPIC DIRECTOR THROUGHOUT THE QUADRENNIUM. TEAM MEMBERS MUST MEET SPECIFIC CRITERIA, WHICH IS PRE-APPROVED BY THE US OLYMPIC COMMITTEE, AND SPECIFIC GOALS TO RECEIVE FUNDING. THE GRANT FOR THE OLYMPIC SAILING CHAIR IS IN THE FORM OF A PLEDGE. FUNDS ARE DISBURSED QUARTERLY IN ARREARS SO LONG AS THE CONDITIONS OF THE GRANT ARE MET. X X X 0 0 0 0 0 0 0 0 0 BYRON J GIERHART JR EXECUTIVE DIRECTOR 186286 0 0 0 0 0 0 0 0 0 186286 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT FORM 990 IS PROVIDED BY US SAILING'S EXTERNAL AUDITORS FOR REVIEW AND ANY NEEDED ADJUSTMENTS. ANY ADJUSTMENTS ARE REVIEWED BY THE DIRECTOR OF FINANCE. THE FINAL DRAFT FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW BEFORE PRESENTATION TO THE EXECUTIVE DIRECTOR AND BOARD MEMBERS FOR REVIEW PRIOR TO SENDING TO THE IRS. ANY COMMENTS OR QUESTIONS FROM THE COMMITTEE, EXECUTIVE DIRECTOR, OR BOARD ARE ADDRESSED. IF THERE ARE ANY CONCERNS ABOUT THE INFORMATION PRESENTED, THESE ITEMS ARE REVIEWED AND UPDATED AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY 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 PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT 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 (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE REVIEWS THE ASSOCIATION OF CHIEF EXECUTIVES FOR SPORT (ACES) SALARY SURVEY AND OTHER APPROPRIATE SALARY SURVEYS BEFORE MAKING A RECOMMENDATION TO THE BOARD. THE EXECUTIVE DIRECTOR REVIEWS THE SALARY SURVEY FROM OTHER SPORT NGB'S TO HELP IN DETERMINING APPROPRIATE SALARY LEVELS FOR KEY EMPLOYEEE AT US SAILING. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 & 990-T IS MADE AVAILABLE UPON REQUEST AND ON ITS WEBSITE. FORM 1023 IS NOT AVAILABLE FOR PUBLIC INSPECTION BECAUSE IT WAS FILED IN 1941. PER CONGRESSIONAL DIRECTIVE, ALL SUCH DOCUMENTATION PRIOR TO JULY 15, 1987 WAS DESTROYED AND IS NO LONGER AVAILABLE. FORM 990, PART VI, SECTION C, LINE 19 US SAILING MAKES ITS BY-LAWS, REGULATIONS, AND BOARD MINUTES AVAILABLE ON ITS WEBSITE ALONG WITH AUDITED FINANCIAL STATEMENTS AND FORM 990 FOR THE CURRENT AND TWO PRIOR YEARS. THESE DOCUMENTS ARE FOUND IN THE "ABOUT US" SECTION. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES : PROGRAM SERVICE EXPENSES 1,752,475. MANAGEMENT AND GENERAL EXPENSES 45,996. FUNDRAISING EXPENSES 4,530. TOTAL EXPENSES 1,803,001. UNITED STATES SAILING FOUNDATION PO BOX 1260 PORTSMOUTH RI 02871 222667411 TO TRAIN & SUPPORT USA TEAMS COMPETING IN INTERNATIONAL SAILING EVENTS. RI 501(C)(3) LINE 11D, III-O N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0