2019-09-16T15:24:27-05:00 2018-10-31 050512283 NADEAU WADOVICK LLP 1300 DIVISION ROAD SUITE 104 WEST WARWICK RI 02893 990 2017-11-01 222560625 SAIL NEWPORT SAIL 4018461983 60 FT ADAMS DRIVE NEWPORT RI 02840 BRAD READ EXECUTIVE DIRECTOR 4018461983 2019-09-16 1 JEFFREY D WADOVICK CPA P01204328 4018234004 X 98.191.57.240 2019-09-16 16:26:19 ED P 69871D49EF58F4270CA3B4A217CC694BCB9E8700 EA895F2FC6F84C15C283D65A15F90BC5209C7DE4 2017 2019-02-21 02:37:17Z BRAD READ 60 FT ADAMS DRIVE NEWPORT RI 02840 5731384 0 X WWW.SAILNEWPORT.ORG X 1983 RI ENCOURAGING AND PROMOTING SAILING EVENTS AND EDUCATIONAL PROGRAMS 16 16 67 350 0 0 3413429 1822185 723588 2994543 41195 30185 527686 750501 4705898 5597414 0 0 0 0 1124981 1330045 0 0 156523 1869673 3868619 2994654 5198664 1711244 398750 8628248 8282651 1707097 984630 6921151 7298021 X SAIL NEWPORT'S MISSION IS TO PROMOTE AND OPERATE AFFORDABLE PUBLIC SAILING INSTRUCTION, RENTAL PROGRAMS AND TO CREATE OPPORTUNITIES TO ATTRACT NEW SAILORS TO THE SPORT. 0 0 1124976 488896 OPERATION OF A PUBLIC SAILING FACILITY IN NEWPORT, RHODE ISLAND. 336413 220223 PROMOTION AND COORDINATING OF NATIONAL AND INTERNATIONAL YACHTING EVENTS. 547274 359317 PROMOTION AND FUNDING OF YOUTH SAILING INSTRUCTION IN NEWPORT, RHODE ISLAND. 2868395 2476285 DURING FISCAL YEAR ENDED 10/31/18, SAIL NEWPORT WAS A HOST VENUE FOR THE VOLVO OCEAN RACE USA STOPOVER. 2868395 2476285 4877058 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 50 0 1 67 1 1 1 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 RI X X SAIL NEWPORT INC 4018461983 60 FORT ADAMS DRIVE NEWPORT RI 02840 AMY KEMPE PRESIDENT 3.00 X 0 0 0 STUART STREULI VICE PRESIDENT 3.00 X 0 0 0 LOWELL THOMAS TREASURER 3.00 X 0 0 0 WILL DONALDSON SECRETARY 3.00 X 0 0 0 STEVE KIRKPATRICK PAST PRESIDENT 3.00 X 0 0 0 JOANNA DAVIS DIRECTOR 1.00 X 0 0 0 SUSAN DALY DIRECTOR 1.00 X 0 0 0 JEN EIELSON DIRECTOR 1.00 X 0 0 0 KATRINA HELE DIRECTOR 1.00 X 0 0 0 TESA VAN MUNCHING DIRECTOR 1.00 X 0 0 0 MICK HARVEY DIRECTOR 1.00 X 0 0 0 ROB MACMILLAN DIRECTOR 1.00 X 0 0 0 BRIDGID MURPHY DIRECTOR 1.00 X 0 0 0 MIKE RYAN DIRECTOR 1.00 X 0 0 0 BARBY MACGOWAN DIRECTOR 1.00 X 0 0 0 DUNCAN SKINNER DIRECTOR 1.00 X 0 0 0 BRAD REED EXECUTIVE DIRECTOR 40.00 X 135927 0 4078 135927 0 4078 1 0 0 0 0 65892 694212 1062081 173000 1822185 MAJOR MARINE EVENT-VOL 900099 2309661 2309661 YOUTH AND ADULT INSTRU 900099 464659 464659 EVENTS AND REGATTAS 900099 220223 220223 2994543 8510 8510 311129 177767 0 0 311129 177767 488896 488896 21675 0 21675 21675 21675 355968 133970 221998 221998 OTHER INCOME 900099 39607 39607 39607 5597414 3544721 0 230508 138253 94877 21688 21688 1037751 915232 20600 101919 50682 40022 2764 7896 103359 87155 4201 12003 38526 12945 25581 105702 105702 10133 8002 552 1579 22011 17408 4603 23131 21416 1715 6925 5477 369 1079 76544 69908 6636 222963 200667 22296 89240 84778 4462 MAJOR MARINE EVENTS 1682938 1682938 REPAIRS AND MAINTENANCE 835586 834872 714 REGATTA EXPENSES 179607 179607 EQUIPMENT RENTAL 138944 138944 436369 377108 50617 8644 5198664 4877058 165083 156523 80000 60484 164811 70063 1531663 1048613 42212 90705 113064 21505 7931532 2119383 5575191 5812149 1121307 1179132 8628248 8282651 96420 17788 50000 2394 1538963 963480 21714 968 1707097 984630 X 4048076 4873562 1891762 1331146 981313 1093313 6921151 7298021 8628248 8282651 398750 -21880 0 X 0 1 X 0 0 X 544381 701925 3900692 3413429 1822185 10382612 1080993 965403 1409487 1166184 3483439 8105506 1625374 1667328 5310179 4579613 5305624 18488118 0 0 0 18488118 23875 39549 10427 13262 8510 95623 23875 39549 10427 13262 8510 95623 36490 22393 16722 20980 39607 136192 1685739 1729270 5337328 4613855 5353741 18719933 0.98760 0.98510 0.00510 0.00830 X 1085322 56000 8159 18747 1130734 1036860 149751 93115 8174 1085322 1011145 60000 -6086 20438 7761 1036860 0.02050 0.79710 0.18240 0 0 5302877 363431 4939446 419119 349605 69514 226244 123919 102325 1983292 1282428 700864 5812149 OTHER CURRENT LIABILITIES 968 968 X 5575534 -21880 -21880 5597414 0 5597414 5198664 0 5198664 0 5198664 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IT IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE ORGANIZATION EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES. AS OF OCTOBER 31, 2017, THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECOGNITION OF A TAX LIABILITY OR ANY UNREALIZED TAX BENEFIT THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. TAX YEARS THAT ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES ARE GENERALLY THE LAST THREE TAX YEAR-ENDS. GENERAL FUNDRAISING 72380 72380 25912 GALA 283588 283588 108058 355968 355968 133970 133970 221998 X 1 8000 FMV X 2 165 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION REVIEWS NEW DIRECTORS AND NEW OFFICERS FOR ANY CONFLICTS OF INTEREST AND ALSO ANNUALLY MONITORS COMPLIANCE WITH CONFLICT OF INTEREST POLICY FOR EXISTING DIRECTORS AND OFFICERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE ORGANIZATION'S OFFICERS AND EMPLOYEES IS RECOMMENDED TO THE BOARD OF DIRECTORS BY THE EXECUTIVE DIRECTOR BASED ON AN ANNUAL REVIEW OF COMPARABLE GEOGRAPHIC COMPENSATION DATA. THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AS WELL AS COMPARABLE GEOGRAPHIC COMPENSATION DATA. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND ON THE GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENT AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.