SAIL250 NEW YORK INC

EIN: 850777734 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$512,213
Total Expenses
$406,168
Total Assets
$135,214
Net Assets
$106,512
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NY
Principal Officer
CHRISTOPHER O'BRIEN
Phone
6462853193
Tax Period
2024-04-01 to 2025-03-31

SAIL250 NEW YORK INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $512K in total revenue in fiscal year 2024. Revenue surged 6034% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 21% operating margin.

Mission

OUR IMMEDIATE MISSION IS TO ORGANIZE, COORDINATE AND RAISE FUNDS REQUIRED TO PRODUCE THE SIGNATURE EVENT FOR AMERICA'S 250TH ANNIVERSARY CELEBRATIONS IN NEW YORK HARBOR ON JULY 4TH, 2026. THIS EVENT IS IN KEEPING WITH AMERICA'S BICENTENNIAL CELEBRATIONS HOSTED IN NEW YORK HARBOR JULY 4TH, 1976 AND IS EXPECTED TO EDUCATE, ENERGIZE, AND FOSTER GOODWILL AMONG AMERICANS AND THE INTERNATIONAL COMMUNITY AT LARGE. AS A MAJOR ELEMENT OF OUR EFFORTS WE WILL FOCUS ON EDUCATIONAL ASPECTS OF AMERICAN HISTORY AND MARITIME HISTORY AS WELL AS THE DIRECT SUPPORT OF SAIL TRAINING ORGANIZATIONS AND ENTITIES THROUGHOUT AMERICA, BUT WILL TEND TO FOCUS MORE IN THE NEW YORK GEOGRAPHIC AREA BY SUPPORTING ORGANIZATIONS SUCH AS THE NEW YORK HARBOR SCHOOL, SOUTH STREET SEAPORT MUSEUM AND OTHER NOT FOR PROFIT ENTITIES OPERATING LOCALLY THAT FOCUS ON EDUCATION OF YOUTH THROUGH SAIL AND THROUGH MARITIME RELATED ACTIVITIES.

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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 $512,213
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $512,213

Expense Breakdown

Grants Paid $1,704
Salaries & Benefits $257,347
Fundraising Expenses $105,672
Program Expenses $213,959
Other Expenses $108,866
TOTAL EXPENSES $406,168

Year-over-Year Comparison

2024 2023 Change
Revenue $512,213 $8,350 +60.3%
Expenses $406,168 N/A N/A
Net Income $106,045 $8,350 +11.7%
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
14
Independent Members
N/A
Employees
1
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
3
$236,545
Total Directors
16
$236,545
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS O'BRIEN PRESIDENT-VICE CHAIR 50.00
Officer Director
$236,545 $0 $236,545
ANDREW YARNALL TREASURER 1.50
Officer Director
$0 $0 $0
WILLIAM ARMSTRONG SECRETARY 16.00
Officer Director
$0 $0 $0
CRISTIN BURTIS DIRECTOR-CHAIRWOMAN 5.00
Director
$0 $0 $0
JOHN DECRUZ DIRECTOR 1.00
Director
$0 $0 $0
DAN MARKHAM DIRECTOR 1.00
Director
$0 $0 $0
ANDREW MCGOVERN DIRECTOR 1.00
Director
$0 $0 $0
KEVIN NORTON DIRECTOR 1.00
Director
$0 $0 $0
KAREN SCHERBERGER DIRECTOR 1.00
Director
$0 $0 $0
DAVID WINTERS DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN BOULWARE DIRECTOR 1.00
Director
$0 $0 $0
VALERIE JACOB DIRECTOR 1.00
Director
$0 $0 $0
ORLANDO CAMARGO DIRECTOR 1.00
Director
$0 $0 $0
BURCHENAL GREEN DIRECTOR 1.00
Director
$0 $0 $0
MIKE JACONI DIRECTOR 1.00
Director
$0 $0 $0
JEFF MCALLISTER 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
2025 $512,213 $406,168 $135,214 $106,045
2023 $253,000 $53,062 $209,565 $199,938
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