2025-09-10T16:57:00-04:00 2024-10-31 264156406 WADOVICK & COMPANY 1300 DIVISION RD STE 104 WEST WARWICK RI 02893 990 2023-11-01 222560625 SAIL NEWPORT SAIL 4018461983 72 FORT ADAMS DRIVE NEWPORT RI 02840 BRAD READ EXECUTIVE DIRECTOR 4018461983 2025-09-15 true true JEFFREY D WADOVICK CPA P01204328 4018234004 2025-09-09 X 2023 2025-03-06 01:10:19Z BRAD READ 2885606 false X WWW.SAILNEWPORT.ORG X 1983 RI ENCOURAGING AND PROMOTING SAILING EVENTS AND EDUCATIONAL PROGRAMS 16 16 80 6905 1654852 878092 2956279 818540 127848 121720 776538 941631 5515517 2759983 27262 0 0 1853696 1715524 0 240798 3169870 1286286 5050828 3001810 464689 -241827 8518622 8787996 343326 379777 8175296 8408219 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. false false 591322 757764 OPERATION OF A PUBLIC SAILING FACILITY IN NEWPORT, RHODE ISLAND. 797892 205748 PROMOTION AND COORDINATING OF NATIONAL AND INTERNATIONAL YACHTING EVENTS. 1212432 586522 PROMOTION AND FUNDING OF ADULT AND YOUTH SAILING INSTRUCTION IN NEWPORT, RHODE ISLAND. OTHER INSTRUCTIONAL AND EDUCATIONAL PROGRAMS. 2601646 true true false false false false false false false true true false false false true true true false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false false 25 0 true 80 true true true false false false false false false false X 16 16 false false false false false false false true true false false true false false false true true false X X SAIL NEWPORT INC 4018461983 72 FORT ADAMS DRIVE NEWPORT RI 02840 SUSAN DALY PRESIDENT 3.00 X X 0 0 0 DON STEINER VICE PRESIDE 3.00 X X 0 0 0 TIM GRIMES TREASURER 3.00 X X 0 0 0 LEE PARKS SECRETARY 3.00 X X 0 0 0 WILL DONALDSON PAST PRESIDE 3.00 X X 0 0 0 MICK HARVEY DIRECTOR 1.00 X 0 0 0 KATRINA HELE DIRECTOR 1.00 X 0 0 0 CHRIS LONG DIRECTOR 1.00 X 0 0 0 ANDREW MACKEN DIRECTOR 1.00 X 0 0 0 BARBY MACGOWAN DIRECTOR 1.00 X 0 0 0 ROB MACMILLAN DIRECTOR 1.00 X 0 0 0 JOHN MCCABE DIRECTOR 1.00 X 0 0 0 BUSTER PIKE DIRECTOR 1.00 X 0 0 0 LAT SPINNEY DIRECTOR 1.00 X 0 0 0 JASON WALSH DIRECTOR 1.00 X 0 0 0 COURTNEY VAN BEUREN DIRECTOR 1.00 X 0 0 0 BRAD READ EXECUTIVE DI 40.00 X 165248 0 0 165248 1 false true false 84605 91821 701666 878092 YOUTH AND ADULT INSTRUCTION 900099 586522 586522 EVENTS AND REGATTAS 900099 205748 205748 SPEAKER EVENT 900099 18770 18770 ADVERTISING 7500 7500 818540 70814 70814 550855 206909 28205 522650 206909 729559 729559 68239 5315 22648 68239 -17333 50906 50906 260343 62744 197599 197599 18931 12026 6905 6905 OTHER INCOME 900099 7568 7568 7568 2759983 1606573 6905 268413 132325 66161 33082 33082 1333070 1151245 28915 152910 27867 23151 1179 3537 99574 82723 4213 12638 122688 101925 5191 15572 8691 8691 18585 18585 19057 15833 805 2419 47321 47321 49128 41294 1959 5875 14954 5065 9889 170009 161090 8919 17643 17431 212 2002 1661 87 254 19646 18685 961 374092 343566 30526 114842 107132 5613 2097 REGATTA EXPENSES 123192 123192 RACING PROGRAM EXPENSES 78711 78711 BANK AND CREDIT CARD FEES 50978 50978 EQUIPMENT RENTAL 44862 44862 132573 124685 5575 2313 3001810 2601646 159366 240798 154688 1959 306981 350446 164000 23040 137018 182532 37689 44985 8437666 3063715 5567200 5373951 2151046 2811083 8518622 8787996 112004 49939 4000 4369 177022 165469 50300 160000 343326 379777 X 6607450 5246689 1567846 3161530 8175296 8408219 8518622 8787996 -241827 374986 -725 100489 X false true X true false X 873211 1027060 1081297 1654852 878092 5514512 847493 1162019 1603075 3598177 1583872 8794636 220749 195936 253650 260343 930678 1720704 2409828 2880308 5506679 2722307 15239826 15239826 21763 35055 38288 56747 70814 222667 21763 35055 38288 56747 70814 222667 55246 55246 1797713 2444883 2918596 5563426 2793121 15517739 0.98210 0.98430 0.01000 0.01000 X PART III, LINE 12 55,246 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1177525 220563 271895 55729 1614254 1949944 196709 79799 59306 16100 2151046 2230410 168570 -327996 121040 1949944 1630037 208273 456012 51060 12852 2230410 1423780 148390 57867 1630037 1.00000 false false 5302878 1088585 4214293 382730 279498 103232 2356438 1579759 776679 395620 115873 279747 5373951 LINE OF CREDIT 160000 160000 X 3105838 374986 374986 2730852 18585 10546 29131 2759983 2973404 725 725 2972679 18585 10546 29131 3001810 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)3() OF THE IRC. MANAGEMENT BELIEVES THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. THE ORGANIZATION ANNUALLY FILES IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONTOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION CURRENTLY HAS NOT TAX EXAMINATIONS IN PROGRESS. SCHEDULE D, PAGE 4, PART XI, LINE 4B OTHER EXPENSES 10,546 SCHEDULE D, PAGE 4, PART XII, LINE 2D INVESTMENT EXPENSES-FOREIGN TAXES 725 SCHEDULE D, PAGE 4, PART XII, LINE 4B OTHER EXPENSES 10,546 SUMMER EVENT AL 260343 260343 13257 32576 2500 14411 260343 260343 13257 32576 2500 14411 62744 197599 false false false false false false false false false BRAD READ EXECUTIVE DIRECTOR 165248 165248 FORM 990, PART III LINE 4D, OTHER PROGRAM SERVICES: OTHER INSTRUCTIONAL AND PROGRAMS. EXPENSES 454,287. INCLUDING GRANTS OF 0. REVENUE 198,407. FORM 990, PAGE 2, PART III, LINE 4D OTHER INSTRUCTIONAL AND EDUCATIONAL PROGRAMS. 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. SECTION B, LINE 12C: THE ORGANIZATION REVIEWS NEW DIRECTORS AND NEW OFFICERS FOR ANY CONFLICTS OF INTEREST AND ALSO ANNUALLY MONITORSCOMPLIANCE WITH CONFLICT OF INTEREST POLICY FOR EXISTING DIRECTORS AND OFFICERS. 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 AS WELL AS COMPARABLE GEOGRAPHIC COMPENSATION DATA. SECTION C, LINE 18: THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND ON THE GUIDESTAR WEBSITE. SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENT AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 15A X FORM 990, PAGE 6, PART VI, LINE 15B X FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC