2026-09-14T15:45:47-04:00 2025-10-31 264156406 WADOVICK & COMPANY 1300 DIVISION RD STE 104 WEST WARWICK RI 02893 990 2024-11-01 222560625 SAIL NEWPORT SAIL 4018461983 72 FORT ADAMS DRIVE NEWPORT RI 02840 BRAD READ EXECUTIVE DIRECTOR 4018461983 2026-09-15 true false JEFFREY D WADOVICK CPA P01204328 4018234004 2026-09-14 X 2024 BRAD READ 72 FORT ADAMS DRIVE NEWPORT RI 02840 3643998 false X WWW.SAILNEWPORT.ORG X 1983 RI ENCOURAGING AND PROMOTING SAILING EVENTS AND EDUCATIONAL PROGRAMS 16 16 63 6770 878216 1393795 818540 788419 144368 281454 941631 930441 2782755 3394109 0 0 1707670 1690041 0 234352 1213435 1327655 2921105 3017696 -138350 376413 8787996 9354207 379777 527881 8408219 8826326 X SAIL NEWPORT'S MISSION IS TO PROMOTE AND OPERATE AFFORDABLE PUBLIC SAILING INSTRUCTION, RENTAL PROGRAMS AND TO CREATE OPPORTUNITIES TO ATTRACT NEW SAILORS TO THE SPORT. false false 764190 523600 OPERATION OF A PUBLIC SAILING FACILITY IN NEWPORT, RHODE ISLAND. 425339 146500 PROMOTION AND COORDINATING OF NATIONAL AND INTERNATIONAL YACHTING EVENTS. 1095723 812913 PROMOTION AND FUNDING OF YOUTH SAILING INSTRUCTION IN NEWPORT, RHODE ISLAND. 38504 OTHER INSTRUCTIONAL AND EDUCATIONAL PROGRAMS. 38504 2323756 true true false false false false false false false true true false false false true true true false false false false false false false true false false false false false false false false false false false false false true false false false false false false false false false 31 0 true 63 true true true false false false false false false false X 16 16 false false false false false false false true true false false true false false false true true false X X SAIL NEWPORT INC 4018461983 72 FORT ADAMS DRIVE NEWPORT RI 02840 CHRIS LONG PRESIDENT 3.00 X X 0 0 0 TIM GRIMES VICE PRESIDE 3.00 X X 0 0 0 TIM LOGAN TREASURER 3.00 X X 0 0 0 LEE PARKS SECRETARY 3.00 X X 0 0 0 SUSAN DALY PAST PRESIDE 3.00 X X 0 0 0 MICK HARVEY DIRECTOR 1.00 X 0 0 0 KATRINA HELE DIRECTOR 1.00 X 0 0 0 BARBY MACGOWAN DIRECTOR 1.00 X 0 0 0 ANDREW MACKEN DIRECTOR 1.00 X 0 0 0 ROB MACMILLAN DIRECTOR 1.00 X 0 0 0 JOHN MCCABE DIRECTOR 1.00 X 0 0 0 PETER MCCLENNEN DIRECTOR 1.00 X 0 0 0 BUSTER PIKE DIRECTOR 1.00 X 0 0 0 LAT SPINNEY DIRECTOR 1.00 X 0 0 0 COURTNEY VAN BEUREN DIRECTOR 1.00 X 0 0 0 JASON WALSH DIRECTOR 1.00 X 0 0 0 BRAD READ EXECUTIVE DI 40.00 X 135165 0 0 135165 1 false false false 127019 129766 1137010 263901 1393795 YOUTH AND ADULT INSTRUCTION 900099 585735 585735 EVENTS AND REGATTAS 900099 186149 186149 MAJOR MARINE EVENT 900099 13535 13535 ADVERTISING 541800 3000 3000 788419 54560 54560 504219 226220 47312 456907 226220 683127 683127 259734 68097 100937 259734 -32840 226894 226894 321976 95143 226833 226833 10267 6497 3770 3770 SOCIAL EVENTS 900099 11120 11120 OTHER INCOME 5591 5591 16711 3394109 1701031 6770 292513 135165 67583 33791 33791 1335071 1099457 76388 159226 29662 26295 2076 1291 83910 74384 5874 3652 106233 84325 7961 13947 52095 16536 34475 1084 18496 18496 23129 7341 15306 482 41958 33147 7133 1678 43562 32536 9455 1571 8468 8468 255943 207732 46394 1817 18059 16029 1341 689 2701 2523 118 60 28360 28360 336480 309366 27114 122277 7336 114941 REGATTA EXPENSES 103966 103966 RACING PROGRAM EXPENSES 78756 78756 OPERATING SUPPLIES 38674 31406 7156 112 YOUTH PROGRAM SCHOLARSHIP 36131 36131 118600 88907 23209 6484 3017696 2323756 459588 234352 1959 122495 350446 579938 23040 45040 182532 217342 44985 28388 8259406 3117775 5373951 5141631 2811083 2892494 326879 8787996 9354207 49939 235971 4369 7542 165469 154368 160000 130000 379777 527881 X 5246689 5240996 3161530 3585330 8408219 8826326 8787996 9354207 376413 41856 -162 X false true X true false X 1027060 1081297 1654852 878216 1393795 6035220 1162019 1603075 3598177 1583872 1521449 9468592 220749 195936 253650 260343 333096 1263774 2409828 2880308 5506679 2722431 3248340 16767586 16767586 35055 38288 56747 70814 54560 255464 1658 1658 35055 38288 56747 70814 56218 257122 1671 1671 2444883 2918596 5563426 2793245 3306229 17026379 0.98480 0.98210 0.02000 0.01000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1615254 85314 211858 58612 1852814 1178525 220563 271895 55729 1615254 1949944 196709 79799 59306 16100 2151046 2230410 168570 -327996 121040 1949944 1630037 208273 456012 51060 12852 2230410 0.76000 0.24000 false false 5302878 1224117 4078761 382730 294676 88054 2178178 1460884 717294 395620 138098 257522 5141631 LINE OF CREDIT 130000 130000 X 3394109 3394109 3394109 3017696 3017696 3017696 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). MANAGEMENT BELIEVES THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. THE ORGANIZATION ANNUALLY FILES IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. ALL DECKED OUT- 321976 321976 22718 45305 7000 20120 321976 321976 22718 45305 7000 20120 95143 226833 X 19725 RETAIL VALUE X 1 180000 APPAISED VALUE X 1 64176 FAIR MARKET VALUE false false false FORM 990, PART III LINE 4D, OTHER PROGRAM SERVICES: OTHER INSTRUCTIONAL AND PROGRAMS. EXPENSES 454,287. INCLUDING GRANTS OF 0. REVENUE 198,407. FORM 990, PAGE 2, PART III, LINE 4D OTHER INSTRUCTIONAL AND EDUCATIONAL PROGRAMS. FORM 990, PART VI SECTION B, LINE 11B: A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED. SECTION B, LINE 12C: THE ORGANIZATION REVIEWS NEW DIRECTORS AND NEW OFFICERS FOR ANY CONFLICTS OF INTEREST AND ALSO ANNUALLY MONITORSCOMPLIANCE WITH CONFLICT OF INTEREST POLICY FOR EXISTING DIRECTORS AND OFFICERS. SECTION B, LINE 15: COMPENSATION FOR THE ORGANIZATION'S OFFICERS AND EMPLOYEES IS RECOMMENDED TO THE BOARD OF DIRECTORS BY THE EXECUTIVE DIRECTOR BASED ON AN ANNUAL REVIEW OF COMPARABLE GEOGRAPHIC COMPENSATION DATA.THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY AN EXECUTIVE COMMITTEE OF THE BOARD AS WELL AS COMPARABLE GEOGRAPHIC COMPENSATION DATA. SECTION C, LINE 18: THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND ON THE GUIDESTAR WEBSITE. SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENT AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 15A X FORM 990, PAGE 6, PART VI, LINE 15B X FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC