YOUTH SAILING VIRGINIA INC

EIN: 465693840 501(c)(3) Recreation & Sports

HAMPTON, VA

Total Revenue
$327,173
Total Expenses
$229,071
Total Assets
$333,016
Net Assets
$296,944
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
VA
Principal Officer
ROSEMARY HOBART
Phone
7576020020
Tax Period
2023-01-01 to 2023-12-31

YOUTH SAILING VIRGINIA INC, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $327K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 30% operating margin.

Mission

YOUTH SAILING VIRGINIA'S MISSION IS TO TEACH LIFE SKILLS TO HIGH SCHOOL, MIDDLE SCHOOL YOUTH AND THEIR FAMILIES IN THE COMMONWEALTH OF VIRGINIA THROUGH SAFE, FUN AND COMPETITIVE, RECREATIONAL AND EDUCATIONAL COMMUNITY SAILING PROGRAMS WITH OUR PARTNERS, INSPIRING LEARNING, PERSONAL GROWTH AND LEADERSHIP THAT PROVIDE PATHWAYS FOR THEIR FUTURE.

Program Service Accomplishments

Program 1
Expenses: $170,383 Revenue: $110,175

THE LEARN TO SAIL PROGRAMS PROVIDE EVERYONE IN THE HAMPTON ROADS COMMUNITY WITH A SAFE, INCLUSIVE ENVIRONMENT THAT PROMOTES POSITIVE YOUTH DEVELOPMENT THROUGH SAILING. YSV HELPS ELIMINATE...

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THE LEARN TO SAIL PROGRAMS PROVIDE EVERYONE IN THE HAMPTON ROADS COMMUNITY WITH A SAFE, INCLUSIVE ENVIRONMENT THAT PROMOTES POSITIVE YOUTH DEVELOPMENT THROUGH SAILING. YSV HELPS ELIMINATE SOCIOECONOMIC BARRIERS TO ACCESS SAILING BY PROVIDING SCHOLARSHIPS TO YOUTH IN FINANCIAL NEED. OUR PROGRAMS ENSURE AN INCLUSIVE ATMOSPHERE THAT OFFERS ACCESSIBLE EDUCATIONAL OPPORTUNITIES THROUGH SAILING, ALONG WITH TECHNICAL SKILLS THROUGH STEM COURSES. THE HIGH SCHOOL SAILING PROGRAM SUPPORTS COMPETITIVE RACING, FOSTERING A POSITIVE ENVIRONMENT WHERE STUDENTS CAN ENGAGE IN HEALTHY COMPETITION WHILE DEVELOPING ESSENTIAL SOFT SKILLS SUCH AS TEAMWORK, LEADERSHIP, COMMUNICATION, AND CONFLICT RESOLUTION.

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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 $201,305
Program Service Revenue $111,169
Investment Income $-2,527
Other Revenue $17,226
TOTAL REVENUE $327,173

Expense Breakdown

Grants Paid $34,825
Salaries & Benefits $83,883
Fundraising Expenses $10,417
Program Expenses $170,383
Other Expenses $110,363
TOTAL EXPENSES $229,071

Year-over-Year Comparison

2023 2022 Change
Revenue $327,173 $212,196 +0.5%
Expenses $229,071 $149,220 +0.5%
Net Income $98,102 $62,976 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
14
Volunteers
55

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
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN BOMAR PRESIDENT 20.00
Officer Director
$0 $0 $0
ROSEMARY HOBART TREASURER 20.00
Officer Director
$0 $0 $0
CAROLYN CAMPBELL SECRETARY 10.00
Officer Director
$0 $0 $0
DAVID STALFORT PAST PRESIDENT 15.00
Officer Director
$0 $0 $0
CLAIRE BELLECCI MEMBER 20.00
Director
$0 $0 $0
GARY BODIE MEMBER 20.00
Director
$0 $0 $0
WILLIAM BROWN MEMBER 2.00
Director
$0 $0 $0
JAMES DISOMMA MEMBER 15.00
Director
$0 $0 $0
WILLIAM ALLEN KILGORE MEMBER 10.00
Director
$0 $0 $0
JONATHAN ROMERO MEMBER 10.00
Director
$0 $0 $0
JASON SAMUELS TREASURER 10.00
Officer Director
$0 $0 $0
MARK SARRETT MEMBER 10.00
Director
$0 $0 $0
ROBERT SHUFORD JR MEMBER 10.00
Director
$0 $0 $0
RICHARD SPAULDING MEMBER 10.00
Director
$0 $0 $0
JACOB RAYMOND EXECUTIVE DIRECTOR 20.00
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $327,173 $229,071 $333,016 $98,102
2022 $212,196 $149,220 $244,613 $62,976
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