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EIN 47-1731159

American Sailboat Racing Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Oyster Bay
State
New York
Year formed
2014
Most recent tax filings
2022-12-01
NTEE code, primary
N67: Swimming, Water Recreation
Description
The American Sailboat Racing Foundation aims to elevate the proficiency of amateur American sailors to be able to compete in national and international events. The Foundation acknowledges that there is a shortage of financial support for sailing athletes, hence it provides funds for training, participation, and victory in competitions.
Also known as...
Multihull Racing Foundation
Total revenues
$351,233
2022
Total expenses
$331,161
2022
Total assets
$49,320
2022
Num. employees
0
2022

Program areas at American Sailboat Racing Foundation

The foundation has found that there is a gap in the funding needed to assist American athletes in the field of sailing to allow them to train, compete and win in national and international competitions. To fill this gap, the Foundation provides funds for private coaching, equipment, travel, and entrance fees to assist in training athletes who have shown the ability and experience to compete in sailing on a national and international level.

Who funds American Sailboat Racing Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
De La Cour Family FoundationTo Help Fund the Recipients Operating Budget$2,500
The Marie and Paul Napoli FoundationUnrestricted Contribution To Raise the Level of Excellence Among Amateur American Sailors Withthe Ultimate Goal of Preparing Them To Compete in Natiaonal and International Competitions.$1,000

Personnel at American Sailboat Racing Foundation

NameTitleCompensation
Jean-Pierre BlaisePresident$0
Diane SchottensteinSecretary / Vice President$0
Karen MartinTreasurer / Secretary$0

Financials for American Sailboat Racing Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$351,233
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$351,233

Form 990s for American Sailboat Racing Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990EZView PDF
Data update history
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $2,500 from De La Cour Family Foundation
January 6, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 5, 2024
Updated personnel
Identified 1 new personnel
December 29, 2023
Received grants
Identified 1 new grant, including a grant for $1,000 from The Marie and Paul Napoli Foundation
December 26, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Amateur sports clubsSports organizationsCharities
Issues
Human servicesSports
Characteristics
Tax deductible donationsNo full-time employees
General information
Address
56 Soundview Ave
Oyster Bay, NY 11771
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Nassau County, NY
Website URL
americansailboatracingfoundation.org/ 
Phone
(516) 286-8342
IRS details
EIN
47-1731159
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
N67: Swimming, Water Recreation
NAICS code, primary
813990: Sports Regulatory Associations and Property Owner Associations
Parent/child status
Independent
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