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.
Reported officers (all unpaid)
No paid executives reported in 2023. NORTH EAST KEELBOAT ALLIANCE INC reported 3 unpaid officers and board members on its 990.
What Recreation & Sports executives earn in New York
NORTH EAST KEELBOAT ALLIANCE INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable recreation & sports organization in New York earns a median of $53,062.
These are recreation & sports sector-wide figures, not this organization's reported pay. Based on 428 organizations across 428 filings (2020 – 2024).
See full Recreation & Sports pay data for New York →Common questions about NORTH EAST KEELBOAT ALLIANCE INC
What are NORTH EAST KEELBOAT ALLIANCE INC's revenue and expenses?
In 2023, NORTH EAST KEELBOAT ALLIANCE INC reported $1.7M in total revenue and $1.5M in total expenses on its IRS Form 990.
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