Connecticut · Nonprofit
12 METRE YACHT DEVELOPMENT FOUNDATION
12 METRE YACHT DEVELOPMENT FOUNDATION (Connecticut) receives grants from 2 organizations whose IRS filings report $24,320 to it, the largest being THE WOLVERINE FOUNDATION ($22,320). 2 of them have funded it in more than one year.
- Revenue FY2024
- $238k
- Funders on record
- 2
- Grants received
- $24k
- Net assets
- $265k
What 12 Metre Yacht Development Foundation does
Mission
Held 17 fundraiser event in support of the sailing programs
As stated on its FY2024 Form 990.
Program
Program services Revenue - due to sailing activities, which included preparation to participate in offshore races in Greenwich CT. Contribution were made for the activity. Program expense - Cost included uniforms, food, repairs, management and cleaning of sales and dockage related expenses
$87,582 spent$238,276 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $87,582.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $402k to $651k (+62%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
100% of 12 METRE YACHT DEVELOPMENT FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Patrick Sikorski
Executive director trustee
As listed on its FY2024 Form 990.
Who funds it, year by year
2022 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $7k → $9k.
From the IRS filings of 12 METRE YACHT DEVELOPMENT FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
12 METRE YACHT DEVELOPMENT FOUNDATION leans on a few funders — its largest provides 92% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2022 100% · 2023 88% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
92% of 12 METRE YACHT DEVELOPMENT FOUNDATION's grant income comes from Connecticut funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
12 METRE YACHT DEVELOPMENT FOUNDATION runs a healthier operating margin than three-quarters of the 17,936 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 17,936 arts & culture nonprofits $100k–$1M, FY2024
Organizations like 12 METRE YACHT DEVELOPMENT FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Connecticut
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
51% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for 12 METRE YACHT DEVELOPMENT FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds 12 METRE YACHT DEVELOPMENT FOUNDATION?
- 12 METRE YACHT DEVELOPMENT FOUNDATION (Connecticut) receives grants from 2 organizations whose IRS filings report $24,320 to it, the largest being THE WOLVERINE FOUNDATION ($22,320). 2 of them have funded it in more than one year.
- How many funders does 12 METRE YACHT DEVELOPMENT FOUNDATION have?
- IRS filings report 2 organizations giving $24,320 in grants to 12 METRE YACHT DEVELOPMENT FOUNDATION, 2 of which have funded it in more than one year.
- Who is the largest funder of 12 METRE YACHT DEVELOPMENT FOUNDATION?
- THE WOLVERINE FOUNDATION is the largest funder on record, with $22,320 in grants. The full list of funders is on this page.
- How can an organization like 12 METRE YACHT DEVELOPMENT FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds 12 Metre Yacht Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing