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American Sailboat Racing Foundation Inc

Oyster Bay, NY · EIN 471731159 · Form 990 · FY2024 · NTEE N67 · Recreation & Sports · Small ($100K-$1M) · americansailboatracingfoundation.org
revenue
$499K
expenses
$475K
net assets
$92K
employees
0
volunteers
4
program ratio
98%
mission · from form 990

The American Sailboat Racing Foundation's mission is to raise the level of excellence among amateur American sailors with the ultimate goal of preparing them to compete in national and international competitions.

profile · synthesized from sources

The American Sailboat Racing Foundation supports amateur American sailors in achieving excellence and competing at national and international levels. The organization provides funding for private coaching, equipment, travel, and competition fees. It focuses on high-potential athletes across various sailing disciplines, including match racing, offshore racing, and team events.

named programs · 2 · from sources

What they call their work

Elite Sailor Sponsorship Program
Provides financial and logistical support to high-performing amateur American sailors competing in national and international events, including the World Match Race Tour, America's Cup, and The Ocean Race
Women in Sailing Initiative
Supports female sailors through targeted funding and mentorship, promoting gender equity in elite sailing competitions
activities · 2 groups

What they do

  • Youth Sports Access and Equipment Support 1 activity
    • Direct financial support for athlete expenses in sailing competitions
      Allocates 99% of donations directly toward equipment and logistical expenses for amateur sailors, minimizing overhead to maximize athlete support.
  • Golf Caddie and Junior Scholarships 1 activity
    • Funding support for amateur sailors' competition preparation
      Provides grants to cover private coaching, equipment, travel, and entrance fees for high-potential amateur American sailors preparing for national and international competitions.
financials · form 990 · fy2024
revenue
Total revenue$499K
Contributions & grants$499K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$475K
Program expenses98%
Admin / overhead2%
Fundraising0%
Salaries & benefits$0
Grants paid out$465K
Largest expense lineProfessional Fees
balance sheet
Total assets$132K
Cash$132K
Investments$0
Liabilities$40K
Net assets$92K
Liquid reserves3.3 mo
2 years on record · 2023–2024 · YoY revenue +15.3%
leadership · form 990 part vii · fy2024

Who runs it

board members · 4
  • Diane Schottenstein — Secretary
  • Hugh Jones — Board Member
  • Jean-Pierre Blaise — President
  • Karen Martin — Treasurer
relationships · 4

Who they work with

  • Create your own unique website with customizable templates Partner — Technology platform used to build and host the organization's website.
  • Gravy Analytics Partner — Provider of website template platform used to build the organization's website.
  • New York Yacht Club American Magic Women's Team Partner — Supports participation in the New York Yacht Club American Magic Women's Team for the Women's America's Cup.
  • Seawanhaka Corinthian Yacht Club Partner — Collaborates with Seawanhaka Corinthian Yacht Club to support sponsored sailors in international competitions.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Corporate Partnership Engagement Through Experiential Sailing
    methodology: corporate-partnership-engagement-through-experiential-sailing
    By offering tailored corporate sailing events that include team building, racing, and coaching, the foundation engages sponsors and secures support for programming, because experiential engagement deepens sponsor connection and demonstrates impact more effectively than transactional sponsorship models.
  • Support for Emerging Role Models in Sailing
    methodology: support_for_emerging_role_models
    By identifying and supporting sailors who demonstrate determination and high-level skills—particularly women—the foundation increases representation of underrepresented groups as role models in national and international competition, because visible role models inspire broader participation and shift cultural norms in the sport.
  • Targeted Financial Support for Elite Athlete Development
    methodology: targeted financial support for elite athlete development
    By providing financial support specifically for critical training and competition expenses, the foundation enables elite amateur sailors to compete at national and international levels, because funding gaps are a key barrier to high-performance success.