Sailing Foundation of Barnegat Bay Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The Foundation was formed for the purpose of preserving, protecting and advancing the traditions of recreational sailing. Its primary aim is to facilitate the education of youth sailing and promote the advancement of sailing sportsmanship and on water safety through the support of youth programs in the Barnegat Bay, NJ area. The Foundation will also seek to preserve historical structures, buildings and sailing vessels in the area.
- Income
- $95,930
- Spending
- $69,927
- Reserves
- 53.8 months of spending
- Largest source of income
- donations and private grants, 42%
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $1,327 spent. In 2024 the Foundation ran a major fund raising event. It solicited funds by mailers to those on the Foundation mailing list. The funds raised from these events are not "assigned" to any grant.
- THE FOUNDATION SUPPORTS JUNIOR SAILING PROGRAMS ON THE TOMS RIVER AND BARNEGAT BAY. THE FOUNDATION GAVE GRANTS TO JUNIORS WHO ARE NOT MEMBER OF A YACHT CLUB TO PAY THE TUITION FOR THE SUMMER SAILING POGRAM. ADDITIONALLY THE FOUNDATION PAID THE REGISTRATION FEES FOR JUNIORS SAILING IN THE BARNEGAT BAY YACHT RACING ASSOC. REGATTAS.
- The Foundation promotes the advancement of water safety through the support of youth programs in the Barnegat Bay area. During the year the Foundation gave grants to various yacht clubs for the purchase and repair of electronic kill switches, repair, recondition and install propellor guards, on the outboard motors for their patrol and safety boats used in the various junior sailing programs.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2004.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.