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North East Keelboat Alliance Inc

EIN 84-3472052 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak44 out of 100GovernanceWeak33 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PUPOSES WITHIN THE MEANING OF SECTION 501(C) (3)OF THE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS A QUALIFIED AMATEUR SPORTS ORGANIZATION TO RAISE THE LEVEL OF EXCELLENCE AMONG AMATEUR AMERICAN SAILORS BY SUPPORTING, DEVELOPING AND PREPARING THEM TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS INCLUDING THE OLYMPIC GAMES AND AMERICA'S CUP. THE ASSETS AND PROPERTIES OF THE CORPORATION ARE HEREBY PLEDGED FOR USE IN PERFORMING ITS EXEMPT FUNCTIONS. THE ACTIVITIES WHICH THE CORPORATION PROPOSES TO CONDUCT WITHIN THE STATE OF NEW YORK ARE AS FOLLOWS: OPERATING OUT OF THE NORTH SHORE OF LONG ISLAND, THE CORPORATION'S INITIAL PROGRAM WILL PAY FOR COACHING, SPONSORING, MAINTAINING, AND PROVIDING SAILBOATS SO THAT ATHLETES CAN TRAIN FOR OFFSHORE SAILBOAT RACING AS THE 2020 OLYMPICS WILL DEBUT A MIXED DOUBLEHANDED OFFSHORE SAILING EVENT.

Income
$1.5 million
Spending
$1.6 million
Spent on programs
100%
Reserves
-0.3 months of spending
Largest source of income
donations and private grants, 99%
Employees
0
Highest pay
$229,366, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 44 out of 100. Higher than 11% of charities in its peer group (recreation and sports, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 9% of income.

  • Income trend

    5 of 15

    Income fell 12% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 33 out of 100. Higher than 7% of charities in its peer group (recreation and sports, $1m to $10m).

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 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. $1.5 million spent. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PUPOSES WITHIN THE MEANING OF SECTION 501(C) (3)OF THE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS A QUALIFIED AMATEUR SPORTS ORGANIZATION TO RAISE THE LEVEL OF EXCELLENCE AMONG AMATEUR AMERICAN SAILORS BY SUPPORTING, DEVELOPING AND PREPARING THEM TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS INCLUDING THE OLYMPIC GAMES AND AMERICA'S CUP. THE ASSETS AND PROPERTIES OF THE CORPORATION ARE HEREBY PLEDGED FOR USE IN PERFORMING ITS EXEMPT FUNCTIONS. THE ACTIVITIES WHICH THE CORPORATION PROPOSES TO CONDUCT WITHIN THE STATE OF NEW YORK ARE AS FOLLOWS: OPERATING OUT OF THE NORTH SHORE OF LONG ISLAND, THE CORPORATION'S INITIAL PROGRAM WILL PAY FOR COACHING, SPONSORING, MAINTAINING, AND PROVIDING SAILBOATS SO THAT ATHLETES CAN TRAIN FOR OFFSHORE SAILBOAT RACING AS THE 2020 OLYMPICS WILL DEBUT A MIXED DOUBLEHANDED OFFSHORE SAILING EVENT. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PUPOSES WITHIN THE MEANING OF SECTION 501(C) (3)OF THE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS A QUALIFIED AMATEUR SPORTS ORGANIZATION TO RAISE THE LEVEL OF EXCELLENCE AMONG AMATEUR AMERICAN SAILORS BY SUPPORTING, DEVELOPING AND PREPARING THEM TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS INCLUDING THE OLYMPIC GAMES AND AMERICA'S CUP. THE ASSETS AND PROPERTIES OF THE CORPORATION ARE HEREBY PLEDGED FOR USE IN PERFORMING ITS EXEMPT FUNCTIONS. THE ACTIVITIES WHICH THE CORPORATION PROPOSES TO CONDUCT WITHIN THE STATE OF NEW YORK ARE AS FOLLOWS: OPERATING OUT OF THE NORTH SHORE OF LONG ISLAND, THE CORPORATION'S INITIAL PROGRAM WILL PAY FOR COACHING, SPONSORING, MAINTAINING, AND PROVIDING SAILBOATS SO THAT ATHLETES CAN TRAIN FOR OFFSHORE SAILBOAT RACING AS THE 2020 OLYMPICS WILL DEBUT A MIXED DOUBLEHANDED OFFSHORE SAILING EVENT.
  2. $163,130 spent. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PUPOSES WITHIN THE MEANING OF SECTION 501(C) (3)OF THE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS A QUALIFIED AMATEUR SPORTS ORGANIZATION TO RAISE THE LEVEL OF EXCELLENCE AMONG AMATEUR AMERICAN SAILORS BY SUPPORTING, DEVELOPING AND PREPARING THEM TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS INCLUDING THE OLYMPIC GAMES AND AMERICA'S CUP. THE ASSETS AND PROPERTIES OF THE CORPORATION ARE HEREBY PLEDGED FOR USE IN PERFORMING ITS EXEMPT FUNCTIONS. THE ACTIVITIES WHICH THE CORPORATION PROPOSES TO CONDUCT WITHIN THE STATE OF NEW YORK ARE AS FOLLOWS: OPERATING OUT OF THE NORTH SHORE OF LONG ISLAND, THE CORPORATION'S INITIAL PROGRAM WILL PAY FOR COACHING, SPONSORING, MAINTAINING, AND PROVIDING SAILBOATS SO THAT ATHLETES CAN TRAIN FOR OFFSHORE SAILBOAT RACING AS THE 2020 OLYMPICS WILL DEBUT A MIXED DOUBLEHANDED OFFSHORE SAILING EVENT.
  3. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PUPOSES WITHIN THE MEANING OF SECTION 501(C) (3)OF THE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS A QUALIFIED AMATEUR SPORTS ORGANIZATION TO RAISE THE LEVEL OF EXCELLENCE AMONG AMATEUR AMERICAN SAILORS BY SUPPORTING, DEVELOPING AND PREPARING THEM TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS INCLUDING THE OLYMPIC GAMES AND AMERICA'S CUP. THE ASSETS AND PROPERTIES OF THE CORPORATION ARE HEREBY PLEDGED FOR USE IN PERFORMING ITS EXEMPT FUNCTIONS. THE ACTIVITIES WHICH THE CORPORATION PROPOSES TO CONDUCT WITHIN THE STATE OF NEW YORK ARE AS FOLLOWS: OPERATING OUT OF THE NORTH SHORE OF LONG ISLAND, THE CORPORATION'S INITIAL PROGRAM WILL PAY FOR COACHING, SPONSORING, MAINTAINING, AND PROVIDING SAILBOATS SO THAT ATHLETES CAN TRAIN FOR OFFSHORE SAILBOAT RACING AS THE 2020 OLYMPICS WILL DEBUT A MIXED DOUBLEHANDED OFFSHORE SAILING EVENT.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2020.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. 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.