NEW YORK HARBOR SAILING FOUNDATION INC C/O MANHATTAN YACHT CLUB

EIN: 133753257 501(c)(3) Recreation & Sports

JERSEY CITY, NJ

Total Revenue
$125,454
Total Expenses
$217,452
Total Assets
$257,721
Net Assets
$257,721
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
MICHAEL FORTENBAUGH
Phone
9178163799
Tax Period
2020-01-01 to 2020-12-31

NEW YORK HARBOR SAILING FOUNDATION INC C/O MANHATTAN YACHT CLUB, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $125K in total revenue in fiscal year 2020. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $217K exceeded revenue, resulting in a 73% operating deficit.

Mission

TO FOSTER AMATEUR SAILING OF NATIONAL AND INTERNATIONAL IMPORTANCE IN NEW YORK HARBOR

Program Service Accomplishments

Program 1
Expenses: $71,570 Revenue: $49,876

OPERATION OPTIMIST - A YOUTH TRAINING PROGRAM IN NEW YORK HARBOR USING INTERNATIONALLY RECOGNIZED OPTIMIST CLASS DINGHIES. THIS 10-WEEK PROGRAM SERVES 25 YOUTH PER WEEK, WITH MANY PARTICIPATING FOR...

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OPERATION OPTIMIST - A YOUTH TRAINING PROGRAM IN NEW YORK HARBOR USING INTERNATIONALLY RECOGNIZED OPTIMIST CLASS DINGHIES. THIS 10-WEEK PROGRAM SERVES 25 YOUTH PER WEEK, WITH MANY PARTICIPATING FOR MULTIPLE WEEKS. IN 2020 THERE WERE 250 TOTAL PARTICPANTS.

Program 2
Expenses: $134,690 Revenue: $75,569

AMERICA'S CUP 12 METER "AMERICA II" - OPERATED THIS HISTORIC VESSEL IN NEW YORK HARBOR AS A SYMBOL OF THE HARBOR'S GROWTH AND RESURGENCE FOSTERED BY OUR FOUNDATION. IN 2020, TOOK 200 PASSENGERS FOR...

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AMERICA'S CUP 12 METER "AMERICA II" - OPERATED THIS HISTORIC VESSEL IN NEW YORK HARBOR AS A SYMBOL OF THE HARBOR'S GROWTH AND RESURGENCE FOSTERED BY OUR FOUNDATION. IN 2020, TOOK 200 PASSENGERS FOR RIDES WHO HELPED SUPPORT THIS VESSEL AND ENABLED THEM TO SEE THE GROWTH OF THE HARBOR.

Program 3

DUE TO COVID-19, THE ANNUAL SAILORS BALL TO FOSTER AMATEUR SAILING OF NATIONAL AND INTERNATIONAL IMPORTANCE IN NEW YORK HARBOR HAD TO BE CANCELLED IN 2020.

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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 (2020)

Revenue Breakdown

Contributions & Grants $74,500
Program Service Revenue $50,945
Investment Income $9
Other Revenue $0
TOTAL REVENUE $125,454

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,549
Fundraising Expenses $0
Program Expenses $206,260
Other Expenses $186,903
TOTAL EXPENSES $217,452

Year-over-Year Comparison

2020 2019 Change
Revenue $125,454 $566,640 -0.8%
Expenses $217,452 $596,396 -0.6%
Net Income $-91,998 $-29,756 +2.1%
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
4
Independent Members
N/A
Employees
4
Volunteers
N/A

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL FORTENBAUGH PRESIDENT 4.00
Officer Director
$0 $0 $0
MICHAEL DURAN TREASURER 0.10
Officer Director
$0 $0 $0
JAMES CAVANAUGH CHAIRMAN 0.10
Director
$0 $0 $0
SCOTT CURTIS DIRECTOR 0.10
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 No data No data No data No data
2020 $125,454 $217,452 $257,721 $-91,998
2019 $566,640 $596,396 $349,720 $-29,756
2018 $514,372 $500,442 $379,476 $13,930
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