SAILORS FOR THE SEA INC Charity Report

Tax-exempt status may be revoked

SAILORS FOR THE SEA INC

EIN 51-0506943 · Water Resource, Wetlands Conservation and Management

What they do

SAILORS for THE SEA UNITES BOATERS AROUND THE WORLD to PROTECT THE OCEAN. THE OCEAN is IN CRISIS and IT NEEDS POWERFUL, WELL-EDUCATED ADVOCATES to STAND UP for IT. WE CHOOSE to FOCUS ON A SOPHISTICATED and INFLUENTIAL CONSTITUENCY THAT LOVES THE WATER and THROUGH OUR PROGRAMS and COMMUNICATION EFFORTS WE EMPOWER BOATERS to BECOME CATALYSTS for CHANGE. SAILORS for THE SEA is A GLOBAL ORGANIZATION HEADQUARTERED IN NEWPORT, RHODE ISLAND. WE HAVE THREE AFFILIATES; SAILORS for THE SEA JAPAN, SAILORS for THE SEA PORTUGAL and SAILORS for THE SEA CHILE.

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Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2017The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

58.58%of revenue went to mission work59.6% of expenses · Program services

17.08%of revenue went to fundraising17.4% of expenses

$98.32spent for every $100 of revenueRevenue covered expenses this year.

22.65%of revenue went to management and office costs23.0% of expenses

$0.48in assets for every $1 spent this yearSome assets cannot be spent right away.

99.8%of its money came from giftsOther money may come from services or investments.

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Pay context: The highest compensation shown in this filing is $291,920 for R MARK DAVIS (PRESIDENT). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2017

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,447,716

Mission workProgram services$848,14358.58% of revenue59.6% of expenses

ManagementOffice and general costs$327,91422.65% of revenue23.0% of expenses

FundraisingAsking for donations$247,28117.08% of revenue17.4% of expenses

Revenue left after expensesReported annual surplus$24,3781.68% of revenueShown in gray on the chart

Total expenses$1,423,33898.32% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2017CurrentExpense mix: 59.6% mission · 23.0% management · 17.4% fundraisingTotal expenses: 98.32% of revenue

2016Expense mix: 71.9% mission · 14.9% management · 13.2% fundraisingTotal expenses: 83.18% of revenue

Money in and money out

Revenue$1,447,716

Expenses$1,423,338

Annual surplus $24,378 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$848,143 · 59.6% of expenses

Management and office costs$327,914 · 23.0% of expenses

Fundraising$247,281 · 17.4% of expenses

See all reported dollar amounts

Revenue$1,447,716

Expenses$1,423,338

Assets$689,900

Income$1,464,199

Contributions$1,444,974

Mission work (program services)$848,143

Fundraising$247,281

Management and general$327,914

Executive compensation (total)$251,585

Stocks and bonds$6,749

Accounting fees$27,800

People

Leadership and board

Tax year 2017

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

R MARK DAVISPRESIDENT · 40 hrs/week $291,920Base $192,998 · Other $98,922

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

R MARK DAVISPRESIDENT

BETSY NICHOLSONBOARD OF DIRECTORS

CAROLYN GROOBEYBOARD OF DIRECTORS

DAVID MAX WILLIAMSONBOARD OF DIRECTORS

DAVID ROCKEFELLER JRCHAIRMAN OF THE BOARD

DAVID TREADWAY PHDVICE CHAIRMAN

ED DOLMANBOARD OF DIRECTORS

HENRY BECTONBOARD OF DIRECTORS

MIA THOMPSONBOARD OF DIRECTORS

RAOUL WITTEVEENBOARD OF DIRECTORS

REGAN GAMMONBOARD OF DIRECTORS

RICK BURNESTREASURER

VIN CIPOLLABOARD OF DIRECTORS

About this charity

Location: 449 THAMES STREET SUITE 300D, NEWPORT, RI 02840
County: Newport
In care of: ROSE BOYNTON
Primary officer: ROSE BOYNTON, FINANCE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(401) 846-8900

Filing and classification

Latest tax year: 2017
Tax period began: January 1, 2017
Return type: 990
Tax preparer: SANSIVERI KIMBALL & CO LLP
IRS tax category: Water Resource, Wetlands Conservation and Management
Revocation date: May 15, 2021