AMERICAN SAIL TRAINING ASSOCIATION

EIN: 237324566 501(c)(3) Recreation & Sports

NEWPORT, RI

Total Revenue
$1,235,446
Total Expenses
$1,511,955
Total Assets
$776,223
Net Assets
$205,006
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
RI
Principal Officer
MICHAEL RAUWORTH
Phone
4018461775
Tax Period
2023-01-01 to 2023-12-31

AMERICAN SAIL TRAINING ASSOCIATION, founded in 1973, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO ENCOURAGE CHARACTER BUILDING THROUGH SAIL TRAINING, PROMOTE SAIL TRAINING TO THE NORTH AMERICAN PUBLIC, AND SUPPORT EDUCATION UNDER SAIL.

Program Service Accomplishments

Program 1
Expenses: $915,580 Revenue: $761,827

THE TALL SHIPS CHALLENGE SERIES OF INTERNATIONAL SAILING RACES, CRUISES, AND MARITIME FESTIVALS IS ORGANIZED BY THE AMERICAN SAIL TRAINING ASSOCIATION (ASTA) IN COOPERATION WITH GREAT LAKES, ATLANTIC...

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THE TALL SHIPS CHALLENGE SERIES OF INTERNATIONAL SAILING RACES, CRUISES, AND MARITIME FESTIVALS IS ORGANIZED BY THE AMERICAN SAIL TRAINING ASSOCIATION (ASTA) IN COOPERATION WITH GREAT LAKES, ATLANTIC AND PACIFIC COAST PORT CITIES IN THE US AND CANADA. THESE TALL SHIPS ARE CREWED BY YOUNG PEOPLE AND ADULTS ENGAGED IN SAIL TRAINING PROGRAMS UNDER THE SUPERVISION OF CAPTAINS & PROFESSIONAL CREW MEMBERS. MARITIME FESTIVALS IN EACH HOST PORT GIVE VISITORS A CHANE TO BOARD THE VESSELS, MEET THE CREW AND TRAINEES, AND EXPERIENCE THE RICH MARITIME HERITAGE THAT THESE SHIPS REPRESENT. DURING THE SUMMER, THE FLEET TRAVELS FROM PORT TO PORT AS THE CENTERPIECE OF THE HOST CITIES MARITIME FESTIVALS. BETWEEN PORT EVENTS, ASTA ORGANIZES RACES, CRUISES IN COMPANY, AND CREW EXCHANGES TO PROVIDE FUN AND FRIENDLY INTERACTIONS BETWEEN THE VESSELS, ENCOURAGING

Program 2
Expenses: $0 Revenue: $61,407

CONFERENCES & FORUMS - ASTAS ANNUAL CONFERENCE ON SAIL TRAINING AND TALL SHIPS GATHERS SHIPS MASTERS AND CREWMEMBERS, PORT REPRESENTATIVES AND FESTIVAL MANAGERS, PUBLIC OFFICIALS, MARINE SUPPLIERS...

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CONFERENCES & FORUMS - ASTAS ANNUAL CONFERENCE ON SAIL TRAINING AND TALL SHIPS GATHERS SHIPS MASTERS AND CREWMEMBERS, PORT REPRESENTATIVES AND FESTIVAL MANAGERS, PUBLIC OFFICIALS, MARINE SUPPLIERS, NAVAL ARCHITECTS, PRESERVATIONISTS, ENVIRONMENTALISTS, PROGRAM ADMINISTRATORS AND EDUCATORS FOR AN INSPRATIONAL AND INFORMATONAL 3-DAY CONFERENCE. TOPICS CONCERNING VESSELS OPERATIONS, REGULATORY ISSUES, MANAGEMENT, EDUCATIONAL PROGRAMMING, AND SAFETY AT SEA ARE ADDRESSED EACH YEAR, AS ARE SESSIONS ON MEDIA RELATIONS, MARKETING, FUNDING, COMMUNICATIONS, AND PORT EVENT ORGANIZATIONS. NORMALLY HELD ANNUALLY DURING NOVEMBER, THE ASTA CONFERENCE IS BOTH FUN AND INFORMATIVE AND OFFERS OCEANS OF NETWORKING OPPORTUNITIES.

Program 3
Expenses: $0 Revenue: $99,588

MEMBER SERVICES - MEMBERSHIP OF ASTA PROVIDES SUPPORT FOR THE WORK OF SAIL TRAINING VESSELS AND PROGRAMS OF EDUCATION UNDER SAIL. A VERY IMPORTANT FACTOR IN OUR GROWTH OVER THE YEARS HAS BEEN...

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MEMBER SERVICES - MEMBERSHIP OF ASTA PROVIDES SUPPORT FOR THE WORK OF SAIL TRAINING VESSELS AND PROGRAMS OF EDUCATION UNDER SAIL. A VERY IMPORTANT FACTOR IN OUR GROWTH OVER THE YEARS HAS BEEN ATTRIBUTED TO THE STRENGHTH OF ASTAS MEMBERSHIP. ASTA HAS MANY DIFFERENT LEVELS OF MEMBERSHIP AND WITHOUT THE SUPPORT OF THE MEMBERS, THE DEVELOPMENT AND IMPLEMENTATION OF THE PROGRAM, PUBLICATIONS, AND RESOURCES WOULD NOT BE POSSIBLE. AS AN ASTA MEMBER, YOU ARE JOINING ONE OF THE FASTEST GROWING SAIL TRAINING COMMUNITIES IN THE WORLD AND MAY ENJOY MANY OF THE BENEFITS THAT GO ALONG WITH IT, INCLUDING THINGS SUCH AS: A COPY OF SAIL TALL SHIPS WHICH LISTS MANY VESSEL PROGRAMS AVAILABLE TO THE GENERAL PUBLIC; A SUBSCRIPTION TO ERUNNING FREE, ASTAS MONTHLY NEWSLETTER WHICH KEEPS MEMBERS INFORMED OF ISSUES AND EVENTS AFFECTING SAIL TRAINING; DISCOUNTS FOR MEMBERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $412,212
Program Service Revenue $823,234
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,235,446

Expense Breakdown

Grants Paid $0
Salaries & Benefits $230,925
Fundraising Expenses $0
Program Expenses $915,580
Other Expenses $1,281,030
TOTAL EXPENSES $1,511,955

Year-over-Year Comparison

2023 2022 Change
Revenue $1,235,446 $668,177 +0.8%
Expenses $1,511,955 $474,542 +2.2%
Net Income $-276,509 $193,635 -2.4%
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
23
Independent Members
23
Employees
10
Volunteers
34

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
6
$49,875
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SIMON COLLEY BOARD CHAIR AND PRESIDENT 0.10
Officer
$0 $0 $0
NATHAN HAUSER VICE CHAIR 0.10
Officer
$0 $0 $0
WILLIAM SABATINI VICE CHAIR 0.10
Officer
$0 $0 $0
MICHAEL MEIGHAN TREASURER 0.10
Officer
$0 $0 $0
MICHAEL TURDO SECRETARY 0.10
Officer
$0 $0 $0
AARON SINGH DIRECTOR 0.10
Director
$0 $0 $0
BRUCE HEYMAN DIRECTOR 0.10
Director
$0 $0 $0
CHASE JACKSON DIRECTOR 0.10
Director
$0 $0 $0
CHRISTOPHER NOLAN DIRECTOR 0.10
Director
$0 $0 $0
HARRY GRAVES DIRECTOR 0.10
Director
$0 $0 $0
JAMES KERR DIRECTOR 0.10
Director
$0 $0 $0
JOHN NADEAU DIRECTOR 0.10
Director
$0 $0 $0
MARCUS ASANTE DIRECTOR 0.10
Director
$0 $0 $0
MARK BUZBY DIRECTOR 0.10
Director
$0 $0 $0
MARK SCIBINO DIRECTOR 0.10
Director
$0 $0 $0
PATRICIA LOCK DIRECTOR 0.10
Director
$0 $0 $0
PETER TEBEAU DIRECTOR 0.10
Director
$0 $0 $0
SARAH ARMOUR DIRECTOR 0.10
Director
$0 $0 $0
STEFAN EDICK DIRECTOR 0.10
Director
$0 $0 $0
TRAVIS YATES DIRECTOR 0.10
Director
$0 $0 $0
KRISTIN E VON WALD EXECUTIVE DIRECTOR 30.00
Officer
$49,875 $0 $49,875
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
2023 $1,235,446 $1,511,955 $776,223 $-276,509
2022 $668,177 $474,542 No data $193,635
2021 $327,226 $342,055 $417,185 $-14,829
2020 $348,815 $426,096 $398,870 $-77,281
2019 $802,798 $828,905 $366,675 $-26,107
2018 $1,779,845 $1,781,994 $394,215 $-2,149
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