NATIONAL SAILING HALL OF FAME & MUSEUM INC

EIN: 542152883 501(c)(3) Arts, Culture & Humanities

NEWPORT, RI

Total Revenue
$2,790,854
Total Expenses
$2,327,182
Total Assets
$10,566,862
Net Assets
$9,304,834
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
RI
Principal Officer
THOMAS STARK
Phone
4013245761
Tax Period
2023-01-01 to 2023-12-31

NATIONAL SAILING HALL OF FAME & MUSEUM INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $464K, a strong 17% operating margin.

Mission

THE ORGANIZATION PRESERVES THE HISTORY OF SAILING AND ITS IMPACT ON AMERICAN CULTURE; HONORS THOSE WHO HAVE MADE OUTSTANDING CONTRIBUTIONS TO THE SPORT; DEMONSTRATES ITS VALUE FOR SCHOLASTIC AND LIFE SKILLS LEARNING; AND ENCOURAGES SAILING DEVELOPMENT AND PARTICIPATION.

Program Service Accomplishments

Program 1
Expenses: $937,328 Revenue: $331,316

MUSEUM: IN MARCH 2019, THE SAILING MUSEUM PURCHASED REAL ESTATE IN NEWPORT, RI TO CREATE A MUSEUM AND VENUE FOR ON-SITE LEARNING AND TO BUILD A SUSTAINABLE ENTERPRISE - LONGSTANDING VISIONS FOR THE...

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MUSEUM: IN MARCH 2019, THE SAILING MUSEUM PURCHASED REAL ESTATE IN NEWPORT, RI TO CREATE A MUSEUM AND VENUE FOR ON-SITE LEARNING AND TO BUILD A SUSTAINABLE ENTERPRISE - LONGSTANDING VISIONS FOR THE ORGANIZATION. IN MAY 2022, THE SAILING MUSEUM OPENED IT'S DOORS TO THE PUBLIC. IN THIS HISTORIC BUILDING, THE HERITAGE OF SAILING IS CELEBRATED, IT'S LEGENDS HONORED, AND NEW GENERATIONS OF SAILORS AND INNOVATORS CULTIVATED. THE MUSEUM IS A WELCOMING AND INCLUSIVE ACCESS POINT FOR ALL TO LEARN ABOUT THE SPORT OF SAILING THROUGH IMMERSIVE AND INTERACTIVE EXHIBITS.

Program 2
Expenses: $781,308

EDUCATIONAL PROGRAMS AND INDUCTION: THE MULTIMEDIA EXPERIENCE AT THE SAILING MUSEUM PROVIDES A PLATFORM FOR STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH) PROGRAMMING FOR CHILDREN AND ADULTS...

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EDUCATIONAL PROGRAMS AND INDUCTION: THE MULTIMEDIA EXPERIENCE AT THE SAILING MUSEUM PROVIDES A PLATFORM FOR STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH) PROGRAMMING FOR CHILDREN AND ADULTS ALIKE. 2023 SAW THE LAUNCH OF THE NESS PARTNERSHIP SERVING 6TH GRADE SCIENCE MIDDLE SCHOOL STUDENTS AT THE THOMPSON MIDDLE SCHOOL IN NEWPORT. THE PROGRAM BETWEEN THE SAILING MUSEUM, THOMPSON MIDDLE SCHOOL AND NESS SERVED 135 SCIENCE STUDENTS OVER THE COURSE OF 10 WEEKS. NESS MARINE EDUCATORS DEVELOPED THE 8 WEEKS OF CURRICULUM BASED ON THE MUSEUM EXHIBITS CREATING A PLATFORM OF ON AND OFF MUSEUM CAMPUS LEARNING. BUILDING ON A STRONG PHASE I EXPERIENCE, THE PARTNERSHIP WILL CONTINUE INTO 2025. IN NOVEMBER OF 2023 WE HOSTED THE 13TH ANNUAL INDUCTION TO THE HALL OF FAME. THE MUSEUM RECOGNIZES THE OUTSTANDING ACHIEVEMENTS OF U.S. SAILORS IN THREE CATEGORIES (SAILING, TECHNICAL AND CONTRIBUTOR), AND LEVERAGES THESE ACHIEVEMENTS TO INSPIRE NEW GENERATIONS OF SAILORS. THE 2023 CEREMONY WAS HOSTED BY BALBOA YACHT CLUB AND NEWPORT HARBOR YACHT CLUB INDUCTING 10 NEW MEMBERS INTO THE HALL OF FAME.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,509,116
Program Service Revenue $257,686
Investment Income $26,880
Other Revenue $-2,828
TOTAL REVENUE $2,790,854

Expense Breakdown

Grants Paid $0
Salaries & Benefits $534,846
Fundraising Expenses $381,421
Program Expenses $1,718,636
Other Expenses $1,792,336
TOTAL EXPENSES $2,327,182

Year-over-Year Comparison

2023 2022 Change
Revenue $2,790,854 $1,401,815 +1.0%
Expenses $2,327,182 $2,024,820 +0.1%
Net Income $463,672 $-623,005 -1.7%
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
25
Independent Members
25
Employees
17
Volunteers
25

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
$270,500
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY JOBSON CO-PRESIDENT 5.00
Officer Director
$0 $0 $0
TOM WHIDDEN CO-PRESIDENT 5.00
Officer Director
$0 $0 $0
JAMES A HILTON TREASURER 5.00
Officer Director
$0 $0 $0
CHRIS OTOROWSKI SECRETARY 5.00
Officer Director
$0 $0 $0
SANDRA SNIDER ASKEW DIRECTOR 1.00
Director
$0 $0 $0
SPIKE LOBDELL DIRECTOR 1.00
Director
$0 $0 $0
CHRIS BENZAK DIRECTOR 1.00
Director
$0 $0 $0
BYRON MARCHANT DIRECTOR 1.00
Director
$0 $0 $0
GUS CARLSON DIRECTOR 1.00
Director
$0 $0 $0
PAM RORKE LEVY DIRECTOR 1.00
Director
$0 $0 $0
MARGARET D COMFORT DIRECTOR 1.00
Director
$0 $0 $0
RICH NUGENT DIRECTOR 1.00
Director
$0 $0 $0
CHARLES A DANA DIRECTOR 1.00
Director
$0 $0 $0
JIM RICHARDSON DIRECTOR 1.00
Director
$0 $0 $0
DREW FREIDES DIRECTOR 1.00
Director
$0 $0 $0
ANDREW S ROSE DIRECTOR 1.00
Director
$0 $0 $0
PETER GERARD DIRECTOR 1.00
Director
$0 $0 $0
ARTHUR SANTRY DIRECTOR 1.00
Director
$0 $0 $0
JAMES B GUBELMAN DIRECTOR 1.00
Director
$0 $0 $0
FRANK SAVAGE DIRECTOR 1.00
Director
$0 $0 $0
ROBBIE HAINES DIRECTOR 1.00
Director
$0 $0 $0
TOM STARK DIRECTOR 1.00
Director
$0 $0 $0
SALLY HELME DIRECTOR 1.00
Director
$0 $0 $0
SANDS YELLOT DIRECTOR 1.00
Director
$0 $0 $0
RICH JEPSEN DIRECTOR, EX OFFICER 1.00
Director
$0 $0 $0
HEATHER RUHSAM UNTIL 6302023 EXECUTIVE DIRECTOR 40.00
Officer
$165,110 $7,817 $172,927
ASHLEY HOUSEHOLDER START 712023 EXECUTIVE DIRECTOR 40.00
Officer
$89,135 $8,438 $97,573
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 $2,790,854 $2,327,182 $10,566,862 $463,672
2022 $1,401,815 $2,024,820 $11,548,014 $-623,005
2021 $4,150,858 $845,862 $12,678,127 $3,304,996
2020 $3,487,450 $495,768 $6,092,281 $2,991,682
2019 $706,314 $501,236 $2,828,237 $205,078
2018 $758,047 $414,349 $2,534,284 $343,698
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