WIANNO SAILING FOUNDATION INC

EIN: 043293135 501(c)(3) Recreation & Sports

EAST SANDWICH, MA

Total Revenue
$97,990
Total Expenses
$50,589
Total Assets
$1,464,620
Net Assets
$1,404,620
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MA
Principal Officer
JEFFREY OAKES
Phone
5082923184
Tax Period
2024-01-01 to 2024-12-31

WIANNO SAILING FOUNDATION INC, founded in 1995, is a micro nonprofit in the Recreation & Sports sector that reported $98K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $47K, a strong 48% operating margin.

Mission

THE WIANNO SAILING FOUNDATION ACTIVELY PROMOTES RECREATIONAL AND COMPETITIVE SAILING ON MULTIPLE FRONTS. ALTHOUGH THIS FOUNDATION OWNS THE LAND AND BUILDINGS THAT ARE LEASED TO THE WIANNO YACHT CLUB, WE SUCCESSFULLY REACH AND SUPPORT SAILING TO A MUCH WIDER COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $14,989

THE WIANNO SAILING FOUNDATION, INC. (WSF) CONTINUES TO ENSURE THAT A ROBUST, THRIVING SAILING PROGRAM EXISTS AT 101 BRIDGE STREET, OSTERVILLE, MA. SUMMER OF 2024 BROUGHT STUDENTS TO OUR CLASSES, AND...

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THE WIANNO SAILING FOUNDATION, INC. (WSF) CONTINUES TO ENSURE THAT A ROBUST, THRIVING SAILING PROGRAM EXISTS AT 101 BRIDGE STREET, OSTERVILLE, MA. SUMMER OF 2024 BROUGHT STUDENTS TO OUR CLASSES, AND THE RETURN OF JUNIOR AND SENIOR SAILING INSTRUCTORS ENSURES A DEGREE OF CONTINUITY AND SAFETY FOR ALL. WSF PROMOTES AND SUPPORTS FOUR PROGRAMS WITHIN THE SAILING SCHOOL: "LEARN TO SAIL", MAB, OPTI AND 420 RACING TEAMS, AND PRIVATE LESSONS. "LEARN TO SAIL" TAUGHT A TOTAL OF 132 STUDENTS AND REMAINS ONE OF OUR MORE POPULAR PROGRAMS. MAB IS FOR THE OLDER STUDENTS WHO HAVE GRADUATED FROM THE OPTI CLASS BUT NO INTEREST IN RACING. IN ADDITION, WE INTEGRATE RACING INTO THE CURRICULUM AND PRIVATE LESSONS FOR THOSE FAMILIES WHOSE SCHEDULES CONFLICT WITH SAILING SCHOOL CLASS TIMES. THE SAILING SCHOOL REMAINS ACCESSIBLE TO ALL IN THE REGION WHO WANT TO LEARN HOW TO SAIL. THERE ARE A FEW SAFETY QUALIFICATIONS THAT EVERYONE MUST MEET BEFORE BEING ADMITTED, AS WE DO NOT HAVE AN ADAPTIVE SAILING PROGRAM AT THIS TIME. LASTLY, THE SAILING SCHOOL WAS GIVEN A WIANNO SENIOR, A LARGER, HEAVIER BOAT FOR USE BY OUR STUDENTS OR ANY YACHT CLUB SAILING DIRECTOR WHO WISHES TO EXPOSE THEIR STUDENTS TO A DIFFERENT TYPE OF VESSEL. WSF IS GRATEFUL FOR THE USE OF THIS BOAT, WHICH PROVIDES A SAILING EXPERIENCE THAT FEW CAN EXPERIENCE ANYMORE. THE WIANNO SAILING FOUNDATION, INC IS EXTREMELY PROUD OF ITS ROBUST AND POPULAR SAILING SCHOOL.

Program 2
Expenses: $29,845

IN 2024, THE WIANNO SAILING FOUNDATION, INC. DISTRIBUTED GIFTS AND GRANTS TOTALING 29,845: BARNSTABLE YACHT CLUB 501(C)(7) RECEIVED 2,500 TO UNDERWRITE GREEN FLEET ENTRY FEES TO SUPPORT AND ENCOURAGE...

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IN 2024, THE WIANNO SAILING FOUNDATION, INC. DISTRIBUTED GIFTS AND GRANTS TOTALING 29,845: BARNSTABLE YACHT CLUB 501(C)(7) RECEIVED 2,500 TO UNDERWRITE GREEN FLEET ENTRY FEES TO SUPPORT AND ENCOURAGE FIRST TIME RACERS. BASS RIVER YACHT CLUB 501(C)(7) RECEIVED 3,000 TO PROMOTE THEIR ADAPTIVE SAILING PROGRAM. NANTUCKET COMMUNITY SAILING WAS GRANTED 1,501 IN ORDER TO PURCHASE COSTS FOR KAYAK PIVOTS, STABILIZERS, AND A PADDLING SEAT. PLEASANT BAY COMMUNITY BOATING WAS GRANTED 2,688 TO PROMOTE THEIR ADAPTIVE SAILING PROGRAM. SAIL CAPE COD RECEIVED 956 TO OVER THE COST OF A MAST STEP REPLACEMENT. STONE HORSE YACHT CLUB 501(C)(7) RECEIVED 2,720 TO COVER THE COSTS OF GREEN FLEET SAILORS TO SUPPORT AND ENCOURAGE FIRST TIME RACERS. 34 ENTRIES WERE PAID FOR WITH THESE FUNDS. WEQUAQUET YACHT CLUB RECEIVED 880 TO COVER COSTS OF GREEN FLEET SAILORS AND TO SUPPORT AND ENCOURAGE FIRST TIME RACERS. 22 ENTRIES WERE PAID WITH THESE FUNDS. WIANNO SENIOR CLASS ASSOCIATION WAS GIFTED 6,000 TO COVER PARTIAL MAINTENANCE AND STORAGE FOR BOATS USED IN WIANNO YACHT CLUB SAILING SCHOOL AND AVAILABLE TO REGIONAL SAILING PROGRAMS. WIANNO YACHT CLUB 501(C)(7) WAS GIVEN 4,975 TO COVER GREEN FLEET ENTRY FEES FORFIRST TIME RACERS. WILD HARBOR YACHT CLUB WAS GIVEN 4,625 TO LAUNCH A SAILING SCHOOL SCHOLARSHIP FUND.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $81,136
Program Service Revenue $0
Investment Income $23,519
Other Revenue $-6,665
TOTAL REVENUE $97,990

Expense Breakdown

Grants Paid $29,845
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $44,834
Other Expenses $20,744
TOTAL EXPENSES $50,589

Year-over-Year Comparison

2024 2023 Change
Revenue $97,990 $81,548 +0.2%
Expenses $50,589 $37,573 +0.3%
Net Income $47,401 $43,975 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY WILL PRESIDENT 10.00
Officer Director
$0 $0 $0
JEFFREY OAKES TREASURER 10.00
Officer Director
$0 $0 $0
LUCY DUFFIELD STEERE CLERK 10.00
Officer Director
$0 $0 $0
SAMUEL MULLIN ASSISTANT CL 5.00
Officer
$0 $0 $0
MICHAEL BENOIT DIRECTOR 1.00
Director
$0 $0 $0
JOHN GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
GEOFFREY LENK DIRECTOR/TRE 1.00
Director
$0 $0 $0
WENDY JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $97,990 $50,589 $1,464,620 $47,401
2023 $81,548 $37,573 $1,476,617 $43,975
2022 $107,242 $35,323 $1,490,315 $71,919
2021 $143,139 $51,066 $1,486,708 $92,073
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