Sail250 New York Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported loans to or from officers, directors or other insiders.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
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.
- Income
- $512,213
- Spending
- $406,168
- Spent on programs
- 53%
- Reserves
- 3.1 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 1
- Volunteers
- 0
- Highest pay
- $236,545, president-vice chair
Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 74 out of 100. Higher than 47% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
20 of 35Spendable reserves would cover 3.1 months of spending.
Debt
16 of 20It owes 21% of what it owns.
Living within its means
15 of 15Income exceeded spending by 21% of income.
Income trend
15 of 15Income rose 6034% on the year before.
Spending floor
8 of 1553% of spending went to programs and raising each dollar of donations cost 21 cents.
Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 52 out of 100. Higher than 20% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
5 of 250 of 14 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, loans to insiders.
Source: Form 990 for the year ending March 31, 2025, 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 (1)
- $213,959 spent. - FORMALIZED RELATIONSHIP WITH STATE GOVERNMENTS OF NEW YORK AND NEW JERSEY, AS WELL AS THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY, IN REGARDS TO HOSTING AND PLANNING OF THE EVENT, RECEIVING RECOGNITION AS THE BODY OVERSEEING PLANNING OF 250TH CELEBRATION EVENT- FORMALIZED RELATIONSHIP WITH US FEDERAL GOVERNMENT ENTITIES IN REGARDS TO THE EVENT, INCLUDING THE DEPARTMENT OF DEFENSE, UNITED STATES NAVY, AND UNITED STATES COAST GUARD- FORMATION OF ADVISORY COMMITTEE
Source: Form 990 for the year ending March 31, 2025, 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 October 13, 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 November 6, 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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending March 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 November 4, 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.