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12006 US SAILING ANNUAL REPORT

06 Report to Members

2 2006 US SAILING ANNUAL REPORT

Jim CapronPresident

Dear Member,

US SAILING had a banner year thanks to our devoted volunteers, directors, staff and you, our members.

Throughout 2006, we were busy certifying our sailors nationwide. Nearly 7,000 certifi cations were issued to qualifi ed instructors and race offi cials, as well as to rated offshore boats. In addition, through our National Championships and Junior Olympic programs, we empowered approximately 6,500 sailors with superb racing and training clinics - provided by countless race offi cials and volunteers throughout the country.

We are pleased to say that, in addition to administering these programs, we were also able to end this year with a surplus and in a much improved fi nancial position.

Our US Sailing Team continues to build on two years of unparalleled performance. Thanks to the gifts of our Medalist Donors, the athletes will be receiving unprecedented support as they move into the fi nal year of preparation for the 2008 Olympic and Paralympic Games.

Other highlights of the year include a new streamlined, member-elected Board of 14 Directors and a record level of charitable donations and corporate sponsorship.

Based on this success in 2006, the US SAILING Board of Directors began 2007 with the creation of a clear windward mark for all of us. The Board has drafted and approved a new mission for the organization: “Providing leadership for the sport of sailing in the United States.”

This new mission is based on the vision that US SAILING is recognized as the leader in training and certifi cation, in support for racing sailors, and in facilitating access to sailing.

Furthermore, the Board has provided clear and valuable guidance for our business decision making. Our guiding principle will be to pursue programs and services that a) create member value, b) we can do well, and c) we can support fi nancially.

Our special thanks to all of you who have supported US SAILING with your time, talent and fi nancial support. US SAILING’s successes are your successes!

To our 37,000 members: may you have fair winds and following seas in 2007!

Charlie LeightonExecutive Director

WHERE WE RECEIVED OUR 2006 REVENUE(excluding Olympics)

MEMBERSHIP36%

PROGRAMS37%

INVESTMENTS9%

FUNDRAISING5%

SPONSORSHIP13%

WHERE WE USED OUR 2006 REVENUE(excluding Olympics)

PROGRAMS65%

FUNDRAISING1%

G&A21%

OPERATING SURPLUS13%

Providing leadership forthe sport of sailing in the United States.

*

*Includes investment returns that are restricted


Race Offi cialsIn 2006, 56 Race Administration seminars and workshops were held across the country. We have 564 Certifi ed Club Race Offi cers, 290 Judges and 45 Umpires all helping to maintain a level playing fi eld.

Offshore Rating Certifi catesIn 2006, US SAILING processed 1,700 Offshore Rating Certifi cates forsuch races as the TransPac, Chicago Mac, and Bermuda.

Sailing Instructors1,400 Certifi ed Sailing Instructors were trained and in turn taught60,000 students.

6,500 sailors graduated from our keelboat training program.

Certifi cations

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2006 U.S. Championships

The US SAILING National Championships provide high-level racing and are based purely on skills, teamwork and sportsmanship. In 2006, 17 National Championships were held at sailing organizations across the country, drawing in a total of 2,300 US SAILING members who competed in qualifying events and/or the Championships themselves.

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2006 Adult Champions

U.S. MULTIHULL CHAMPIONSHIPRobbie Daniel and Hunter Stunzi

U.S. SINGLEHANDED CHAMPIONSHIPMitch Hall

U.S. INDEPENDENCE CUP/NORTH AMERICAN CHALLENGE CUPKaren Mitchell and Michael Grimm (doublehanded); Roger Cleworth (singlehanded)

U.S. WOMEN’S MATCH RACING CHAMPIONSHIPDebbie Capozzi, Kelly Hand, Chantal Ledger, and Lindsay Bartel

U.S. WOMEN’S SAILING CHAMPIONSHIPVicki Sodaro, Stephanie Wondolleck, Karina Vogen Shelton, and Emily French

U.S. MEN’S SAILING CHAMPIONSHIPScott Young, John Morran, and Douglas Kern

U.S. MATCH RACING CHAMPIONSHIPPequot Yacht Club – David Perry, Chris Museler, and Terry Flynn

U.S. CHAMPIONSHIP OF CHAMPIONSAlan Field and Steve Hunt

U.S. TEAM RACING CHAMPIONSHIPSilver Panda (Colin Merrick, Clay Bischoff, Amanda Callahan, Elizabeth Hall, Lisa Keith,and Peter Levesque)

U.S. OFFSHORE CHAMPIONSHIPRobert Hobbs, James Traun, Mike Gable, Cory Thompson, Alan Thompson, Josh Wilus,and Cameron Salmon

2006 Junior Champions

U.S. YOUTH MULTIHULL CHAMPIONSHIPSarah and Elizabeth Newberry

U.S. YOUTH SAILING CHAMPIONSHIPRoyce Weber (Laser), Teddy Himler (Laser Radial), Rebecca Dellenbaugh and Leigh Hammel (Club 420), and Chris Vetter and Kelsee Connon (29er)

U.S. JUNIOR WOMEN’S DOUBLEHANDED CHAMPIONSHIPAmanda Johnson and Ellie O’Brien

U.S. JUNIOR WOMEN’S SINGLEHANDED CHAMPIONSHIPSarah Lihan

CHUBB U.S. JUNIOR CHAMPIONSHIPSU.S. Junior Triplehanded Championship - Florida Oceanic Racing: Fred Strammer, Katrina Salk, and Zeke HorowitzU.S. Junior Doublehanded Championship - Portland Yacht Club: Alan Palmer and Katherine GullickU.S. Junior Singlehanded Championship - Newport Harbor Yacht Club : Charlie Buckingham

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Awards

Every year, US SAILING presents many national awards.Some of the organization’s major awards and their 2006 recipients include:

Nathanael G. Herreshoff Trophy:Susie Trotman

Rolex Yachtsman and Yachtswoman of the Year awards:Jud Smith & Paige Railey

St. Petersburg Yacht Club Trophy for race management:Corpus Christi Yacht Club

W. Van Alan Clark, Jr. Sportsmanship Trophy:JD Reddaway

Captain Joe Prosser Award for quality and safety in training:Lake Merritt Boating Center

Paige Railey, Jim Capron, and Jud Smith

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JD Reddaway


2006 Outreach Events And Programs

National Sailing Programs Symposium

Junior Olympic Festivals

Nearly 4,000 youth sailors participated in 25 USA Junior Olympic Sailing Festivals held at sailing organizations throughout the country.

More than 2,500 sailors attended 19 US SAILING Mount Gay Rum Speaker Series events. Speakers included Kevin Burnham, David Dellenbaugh, Gary Jobson, and Dave Perry.

The weekly electronic newsletter e-USSAILING is distributed to 25,000 readers.

The US SAILOR of the Week feature was launched in March and quickly provedsuccessful. The feature is based on the idea of bringing a face to all the passionate sailors US SAILING supports.

More than 1,700 sailors were trained to be prepared for any safety issues that may arise while sailing offshore through US SAILING’s Safety at Sea Seminars.

Over 250 sailing program organizers and one-design leaders attended the two Symposiums that US SAILING organizes every year: the National Sailing Programs Symposium and the One-Design Sailing Symposium.

A Special Thanks To Our Sponsors

US SAILING would like to thank its current sponsors for their tremendous support and dedication to our sport, our sailors, and our events and programs.


Medalist Donors

Gold Medalists - $75,000+Robert M. & Anne T. BassMalin BurnhamRoy E. DisneyJohn “Hap” FauthJoseph G. Fogg IIIWilliam I. KochHunt LawrenceRobert G. McNeilRiverside Yacht ClubSt. Francis Yacht Club FoundationJames M. SchoonmakerRobert G. Stone, Jr.

Silver Medalists - $50,000James D. BishopJohn Dane IIIJohn V. HansonBrian KeanePeter KelloggMr. & Mrs. Bevin D. KoeppelJames B. RichardsonCharles M. RoyceKenneth & Carole WegFrederick B. Whittemore

Bronze Medalists - $25,000Faye BennetDayton T. CarrEdgar CatoGeorge DavidJoe & Kristal DockeryPete & Elise du PontLlwyd & Diana EcclestoneColin P. GordonFritz JewettTerry KohlerKevin Mahaney

2006 US Sailing Teams

Just two years into the Olympic & Paralympic Quadrennium, the athletes of the US Sailing Teams achieved strong results in 2006 with 29 podium fi nishes at major domestic and international regattas. 2006 highlights include the following gold medals:

GOLD MEDAL - French Olympic Sailing Week, Hyères, France Sally Barkow, Carrie Howe, and Debbie Capozzi (Yngling)

GOLD MEDAL - ‘06 Olympic Test Event, Qingdao, China Paige Railey (Laser Radial); Paige Railey was named the 2006 International Sailing Federation (ISAF) Rolex World Sailor of the Year

GOLD MEDAL - ‘06 Olympic Test Event, Qingdao, China Andy Horton and Brad Nichol (Star)

GOLD MEDAL - Holland Regatta, Medemblik, Holland Morgan Larson and Pete Spaulding (49er)

GOLD MEDAL - Rolex Miami OCR John Lovell and Charlie Ogletree (Tornado)

GOLD MEDAL - U.S. Independence Cup Roger Cleworth (2.4mR)

GOLD MEDAL - Clagett Memorial Regatta Karen Mitchell and Michael Grimm (SKUD-18)

GOLD MEDAL - Clagett Memorial Regatta Rick Doerr, Tim Angle, and Tim Donahue (Sonar)

Members of the US Sailing Team at the 2007 Rolex Miami OCR

Hyères gold medalists Sally Barkow, Carrie Howe and Debbie Capozzi Rolex Miami OCR gold medalists John Lovell and Charlie Ogletree

John & Anne MarshallWilliam C. MartinJohn McCawRobert W. McCulloughJim MuldoonTom & Amy NeillSailing Foundation of NYSeip Family FoundationThomas L. StarkWilliam SteereJames H. Tichenor, Jr.

Total Donations

The Medalist Donor program, begun in 2005, gives direct support to the 2008 US Sailing Teams and builds a foundation for future teams.

As of May 2007, it has generated over $2,100,000.

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$2,000,000

$1,500,000

$ 1,000,000

$500,000

$250,000


President’s Club $1,000 per year for ten years

William D. AlcottJames BarnesJanet C. BaxterArthur A. BirneyGino C. Bottino Lawrence Z. BulmanJohn R. CaldwellJim CapronE. Thomas Collins, Jr.George CollinsRuth CreightonDouglas V. Croker IIIDick De VosLawrence F. DickieJoseph T. DockeryJoel Dorfman

Barry GoldDarline HobockFrederick HoweThomas P. HubbellLawrence S. HuntingtonWilliam H. JolleyPhilippe KahnJohn B. Kilroy, Jr.Charlie LeightonWarren M. LevinsJohn C. LuppensSteven J. MashJuliette C. McLennanStephanie W. McLennanJoseph C. MelinoDaniel Maxwell Meyers

James P. MuldoonThomas W. NeillMark D. NorrisCarl A. OlssonVincenzo OnoratoCharles M. ParrishMarda R. PhelpsJohn S. RandoW.Y. Rogers IIIDavid D. RosekransHuntington SheldonRaymond J. TeborekJames H. TichenorRobert C. TowseR.E. Turner IVTalbot Wilson

Current Members

Lifetime Members

Peter A. AllenJohn H. BattsFaye BennetL. Harrison BernbaumJames D. BishopJ.A. BlakeAlbert Boyce, Jr.John W. BraitmayerRoger K. BrownMalin BurnhamMichael J. CampbellThomas Carruthers, Sr.Beverly R. CarterMason R. ChrismanSteve ColgateGeorge CoumantarosNorwood H. DavisRoy E. DisneyJames L. DolanMichael L. DowE. Llwyd Ecclestone, Jr.Bruce A. EissnerLawrence Ellison

Michael L. KettenbachJohn B. Kilroy, Sr.John W. KingCharles E. KirschWalter FischerNanna FoxG. Waddy GarrettLawrence R. GlennS. Carter Gowrie IIIBrenton S. HalseyWalter E. HansonPeter HarkenOlaf T. HarkenThomas J. HarringtonRobert H. HobbsRichard HokinEugene P. HollandFrederick E. HoodMichael S. HudnerDavid H. IrishRobert L. JamesStephen B. JeffriesBreene M. Kerr

William I. KochTerry J. KohlerRobert H. DavisPhilip A. LotzWilliam C. MartinJohn W. Martin, Jr.Edward R.H. McDowellHarry C. MelgesJohn D. Osmond IIIThor H. RamsingPeter ReichelsdorferRandy RepassDavid A. RosowWilliam N. SteitzJohn B. Thomson, Jr.Peter P. TongR.E. Turner IIIJ. Craig VenterDavid D. VerdierWilliam C. WaggonerHarry Webster Walker IIRichard WestinArthur J. Wullschleger

Premium Level Members

George W. CarmanyCy GilletteJohn V. HansonWilliam R. HoughAndrzej RojekJanice A. SmithStuart B. TownsendCharles S. Weiss

Patron $1,000

Paul J. Ansfi eldShannon M. BushDayton T. CarrJohn CoumantarosRonald E. CurioMichael DeckJeff EcklundChristian GiancarloGlenn HighlandPaul HoffmanDavid JonesBevin D. KoeppelGlenn LattimoreDonald R. ParfetThomas E. PurcellMarcus RaichleJohn D. RallsRaymond L. RednissRobert G. StoneLiam ThorntonStephen A. Van DyckSamuel W. WakemanJames WalshBarbra H. WinterGeorge S. Writer

Benefactor $500

Ace AcebedoFred AllardyceWillam Way AndersonBee AndersonMartin BablerHenry C. BarkhornJ. Alex BensonStanton W. BettsMichel BironDonald E. BlaserPhilips D. BriggsErnest BrodyMichael BrotzRobert A. BuzzelliByron K. CallanThomas H. CarruthersHenry T. ChandlerC. Linn CowsertBobby CoxEdmund B. CroninPierre CrosbyGlenn M. DardenSanders DaviesGonzalo E. DiazWilliam T. DoelgerRobert E. DonMartin DunnDwight W. EllisDavid EnglehartThomas P. FendlerPeter R. FennerRobert D. FisherSamuel FleetJohn M. GarrisonJim GarveyMarvin A. GordonPaul J. Griffi nDick HampikianPaul A. HuntsmanGeorge F. JewettThomas J. JohansonMartin J. KellySimon KleinmanEric LaytonBruce Lee

Supporting $250

Anthony J. LeitnerRichard K. LinternJames LinvilleSteven LoebFrancie LufkinC.H. MacNiderCharles MacNiderD. Scott MasonAlan McllhennyDavid F. MilletJose M. MoralesRonald C. NolanAnthony PasquinelliJohn PedlowNancy E. PettengillWalter L. PrattOgden R. ReidJames RiceAlejandro F. Ruiz-RamonRobert E. SargentJohn W. SchaefferPeter D. SchellieJames M. SchoonmakerRobert T. ShielsRichard ShulmanJames SmarDouglas R. SparksRobert L. SternPhilip N. StyneRichard M. SwansonStephen TakachWilliam C. TaylorJennifer A. TegfeldtWilliam TurpinEric M. UrbahnJohn WestbrookAnthony WetherbeeJ.C. WhitfordMatthew F. WhitlockRick WietersPeter L. WilsonStuart S. WrightWilliam M. WrightRobert S. YoungAdam Zangerle

Annual FundIn the fall, US SAILING launched its fi rst Annual Fund campaign. The “Gone Sailing”campaign was created to increase opportunities for disabled sailors and raised $53,000.


A.C.T. Metal Deck SupplyMarwan AbouljoudRobert AdamsMark AhlstromFred Hagedorn & Sarah AlgerBetsy AlisonJohn E. AllenIain AndersonLarry AndersonBee AndersonArma E. AndonRobert H. AnshuetzStephen AnspachLee & John ApmannAgustin ArayaE. Thomas ArnnRoger BaconRoger BakerWilliam C. BallardHeidi BarenthalerJohn BarrJanet C. BaxterBrendan BeanAnne BeckerJohn BeemanBradd BelascoDanielle BellezzaMaury BenboqCharles F. BensonPeter BentHenry BentleyC. Finley BerenAlton A. BergChristopher BerkeBruno BichRobert BillinghamLarry BilskyEllen BoothAlec BordenJohn & Mary BordesBradford R. BossGino C. BottinoAlex BoullonKevin BracyJohn W. BraitmayerDean BrennerMitch BrindleyTed BrodieAlice BrousseauRoger K. BrownV. H. BrownWin & Kathy BrownMichael S. Bruno, Jr.Christine BungoRichard BustamantePhil BylsmaSamuel ByrneDean & Lois CadyJohn CameraCampia Family FoundationJim CapronJim CarlsenRalph R. CarruthersBeverly R. Carter

Grayson S. Carter IVWilmot V. Castle, Jr.Edward Caswell, Jr.Hugh P. ChandlerHenry T. ChandlerClark ChapinPaul ChoquetteJames M. ClarkW.B. ClemensJ. William CoberlyDavid Coffi eldKenneth ColburnDouglas R. Coleman, Jr.Janine Ahmed ConnellyChristopher ConstantMary von ContaDan & Kate CooneyMark CooperE.D. CornellFrederick C. CosandeyEileen & Patrick CostiganGeorge CoumantarosDonald & Frances CourtsalAndrew CovatiGerald E. CreasmanRuth CreightonL. Jay & Devon CrossBrian CurtisEd DaileyKate DaleyJerry R. DalleySusan DalyJoe DarbyGerald S. DavidKaren DavidsonTim & Gretchen DavidsonSarah DavidsonLeverett B. DavisKelly DavisR. Means Davis, Jr.Henry Dewolf, Jr.Roderic & Mary DeyoTim DicksonBob DiFilippoLaurent DionMark DiStefanoJacob A. DonkerslootCaptain & Mrs. Charles DoolinMichael DowHelen & Keith DrewettTimothy Du ValJohn Ross DugganLaurie DuncanDale DykemaCharlie & Marlieke EatonJill EberleMark W. EdelmannJohn W. EilersHugh ElliotChet EnsignSusan R. EpsteinFritz EwingToni FallonTim Faranetta

Richard FastiggiDave FeePeter FennerClare FewtrellMario FichersWilliam FickerMr. & Mrs. Noel M. Field, Jr.Angela FischerArthur J. FoxJohn & Sophia FragakisRichard D. FraserKathleen FrickerPeter FrischEleanor GelenitisTom & Karen GetzPeter Gibbons-NeffByron J. Gierhart, Jr.Jack GildenE.M. GilesRay GincavageLacey GivenDon GlasellBarry GoldMr. & Mrs. Peter GoldmanGeorge N. Graf, Jr.Kevin GriceEllen Griffi nStuart L Griffi ngRobert GriswoldMartin GrussWilliam GuttenbergM.R. HaegerLindsay & Brent HalseyWalter E. HansonBrian HartwellFrancis W. HatchJanet HawkinsSarah HawkinsMichael HayesSally HemerJames S. HenryWallace HepkemaGrant & Ann HillRobert L. HillGalen HoCharles Hodge, Sr.Paul HoffmannPeter H. HoggTerry HolcombeWinston & Margaret HollisterJoseph C. HoopesGeorge HopleyFrederick HoustonRichard HowittGarry HoytThomas P. HubbellRonald J. HurneyWilliam E. HustedKim IngramDavid H. IrishLee Butler JacksonRobert S. JacksonKenneth JacobsMartin Jacobson

Commodore & Mrs. Robert L. JamesSimon JamesWilliam G. James, Jr.Rich JepsenRoyce JohnsonJeff JohnstoneBradley JonesHoward Jones, Jr.Paul KaladasMichael KalaharStephen G. KasnetBurt H. KeenanMerritt Palm KefferAllen KeiserRusty & Betty KelloggJared & Katie KellyJim & Maura KellyChristopher KentBreene & Sherry KerrBrian KiddAndrew Kiener IIJohn B. & Nelly Llanos Kilroy FoundationBrian KingWilliam A. KingBohun B. Kinloch, Jr.Aaron & Katherine KiselkaRic KlugGary D. KnappenbergerTerry J. KohlerJohn KosowskiJoe KrolakBarbara E. Kueny-GribbleLarry LakeJack LampmanJulia LangfordKenneth LaudonScott LaundryBruce LawrenceAndy & Patty LawrenceAnne LeeBarbara LeekCharlie LeightonRoxanne LeightonBrook LenfestPeter LesserLouis Lichtenstein IIIBruce LiljegrenJoseph A. LipeChelsea & Katherine LiuJamie LocksCatherine LoeTarrant H. LomaxRichard & Linda LondesLoomis FoundationBrad W. LottoPhilip & Wendy LotzJ.C. LuppensJim LutherRandall LuzierWilliam O. LynchJeff MackayAndrew & Lauren MagruderJeff & Mary Ann MaierDiane & Michael Maloney

Arnold ManellaDavis S. MargoldRita S. MatthewsDon MatthewsCraig MaumusDiana MautzBrian McCauleyPhyllis McDonaldKathleen McGillJuliette C. McLennanStephanie W. McLennanRobert McIlvain, Jr.Elizabeth McMahonLloyd B. McManus, Jr.Alan McMillanRobert McNittNancy MeadeCharles H. MeehanStan MehaffeyLinda MerkleRobert R. MichenfelderCapt. Richard T. MillerThomas MillerMrs. Jeanne G. MillerWilliam H. Miller, Jr.Janet Miller-SchmidtCharlie MilliganRobert & Laura MockJo MogleCharles G. MooreWilliam & Leslia MorrisonJames P. MuldoonRobert & Kathy MurraySam MurrayMichael A. MusenAlex NatanzonRalph & Anne NeigerBruce NesbitWilliam S. NicholsonRichard NickersonRandy NordDan NowlanBill OdellCarl OlssonJerry O’NeillDavid D. OslerSeymour & Esther PadnosT. PapoutsisLee ParksAnthony J. PasquinelliPhoebe PattersonClark PellettGeorge Pennington IIIMarda P.R. PhelpsEdward W. PiperRichard PisanoO.L. PittsJoanna PodgorskaWilson PollockWilliam W. PooleFrederique PopizPremier Sailing SchoolJoseph Priselac, Jr.Tom Prucher

Eric PurdonMark PytellAlbert ReesNickel van ReesemaErnston & Karen ReischHoward E. Riley, Jr.Bill RoberdsDavid & Lee RobertsSusan RobinsonKaren RodgersTheodore RolfsKen RoperDavid D. RosekransMaureen Rosenfi eldRobert & Marsha RosnerWilliam RossJoe RotoloDonald S. RotzienRobert F. RozeneJoe SacotteRudy SalazarEdwin L. Salva, Jr.William SandbergSteffi SchifferTodd SchillerBetsy SchmidtTimothy SchneiderAnthony J. SchornakSteven SchroederGerrit SchulzeCharles P. Schutt, Jr.Hugh W. SchwarzEric SchwenkSealife VenturesRichard SearsDrew SeibertPeter SenwarzVirginia SeymourDeidre ShardMartin & Lois ShawThomas SheaHarold ShendonJoseph ShieldsScott ShucherShumway MarineJohn SiegelDaniel M. SimonSlater & Partners, Inc.Dave SmalleyRobert P. Smith, Jr.Mac SmithJanice SmithRalph SmithsonSteve SniderMarie SnowRichard StaritaRobert W. StewartC.J. StoneJohn StrassmanHall StrattonJeff StriderJoseph J. Sullivan, Jr.Jack SutphenLouis Mariorenzi & Priscilla Szneke

Alan TannousHerbert & Catherine TardyPatti & Kenneth TeboJim & Karen TeetersJoan ThayerEdwin Theisen, Jr.Lindy Thomas, Sr.John B. Thomson, Jr.Robert ThussJames TichenorLouise TingmanRobin TomkinsRalph TreuilSam TripasSteve TruaxTurner FoundationWilliam W. TylerJames S. TysonTerence UnterBill VernonLee Anne Vetrone-TimothyMariette VigeantHerbert WakeMartyn & Liz WalkerHarry W. WalkerRobin WallaceJim WalshMary Anne WardMike & Bobbi WarrenRick WarrenHanna WattDavid WayDavid WebbTalbot K. WeggHarold & Ralpha WeisbergGary WeisbergMitchell WeismanPeter H. WendschuhLen WestJack & Joan WhitmanBetsy WhitmoreGuy WhitneySerena WhitridgeKen and Marlene WhittElzworth C. Wiesenmayer, Jr.G. Richardson WietersGreg WildenthalerLaurie WillardW. Bradford WillauerPeter WillauerLawrence R. WirthCarol K. WittwerKonrad WoermannTom WoodfordGinny WorcesterSteve WrigleyGeorge WriterA.J. WullschlegerRichard & Gale YetmanJack YoesDavid E. YoungWin YoungmanPeter ZacharyPaul Zarbatany

Annual Fund Donors



FINANCIAL SUMMARYFOR THE YEARS ENDING DECEMBER 31, 2006 & 2005

REVENUES 2006 2005

Non-Olympic

Olympic

4,503,102

2,221,321

6,724,423

4,588,754

1,624,709

6,213,463TOTAL REVENUES

EXPENSES

CHANGES IN NET ASSETS 1,123,763 680,005

Non-Olympic

Olympic

3,891,288

1,709,372

5,600,660

4,539,527

993,931

5,533,458TOTAL EXPENSES

ASSETS 2006 2005

Current Assets

Property & Equipment, NET

Long-term Investments

Pledges Receivable

1,884,040

250,941

3,331,174

5,979,185

513,030

1,563,783

242,802

2,951,658

5,062,582

304,339

TOTAL ASSETS

US SAILING BALANCE SHEETS AS OF DECEMBER 31, 2006 & 2005

LIABILITIES & NET ASSETS

Current Liabilities

Property & Equipment, NET

Long-term Investments

1,248,801

143,797

85,119

1,477,717

1,432,804

192,812

59,261

1,684,877TOTAL LIABILITIES

Net Assets 4,501,468

5,979,185

3,377,705

5,062,582TOTAL LIABILITIES & NET ASSETS

Financial information is the presentation of management. If you would like a copy of US SAILING’S 2006 audited financial statements, please visit www.ussailing.org or contact us at 401.683.0800

4,000,000

3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0

REVENUE

SPONSORSHIP/OTHERREVENUE: $694,006

USOC SUPPORT:$1,576,123

TEAM EXPENSE:$2,647,771

FUNDRAISINGEXPENSE:$55,532

FUNDRAISINGSUPPORT:

$1,575,901

EXPENSE

2005 - 2008 OLYMPIC PROGRAMACTIVITY FOR 2005 - 2006

$ $ $ $

$ $

$ $

$ $

$ $

$ $

$ $$ $

$ $

$ $

$

$

$

$

$

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Board of Directors

Jim Capron, PresidentTom Hubbell, Vice PresidentFred Hagedorn, SecretaryLeslie Keller, TreasurerCharlie Leighton, Executive Director

Offi cers

Dick AllsoppDean BrennerSusan EpsteinAmy Gross-KehoeChip Johns

Members

House of Delegates

Walter Chamberlain, ChairPaul Ansfi eld, Secretary

Offi cers

James Appel Charlie Arms Sarah Ashton Meredith Bass Stan BettsBob Billingham Bruce BingmanCarolyn Boersma Dean BrennerMitch Brindley Larry Bulman Bob CounihanDon Crandall Ruth CreightonHolly DavenportSkip Dieball Dan Doyle Peter DurantClinton Edwards Art Engel

Members

George Fisher Harry Foote Kim HapgoodJoey HarrisTim Hogan Rich JepsenNed Jones John Lovell Dave LumianLinda Merkel Clay Mock Jerry Montgomery Tom RobertsKaren SmithEd TheisenJan VisserJim WalshDiane Wenzel Scot West John Williams

Division Chairs

Dean Brenner - OlympicsRuth Creighton - AdministrationRich Jepsen - EducationJim Walsh - Competition

Staff Directors

Janine Ahmed Connelly - TrainingDan Cooney - MarketingJoe Costa - MembershipLacey Given - Race AdministrationKatie Kelly - OlympicsDan Nowlan - OffshoreLee Parks - InshoreLiz Walker - ChampionshipsBobbi Warren - Chief Financial Offi cer

Front Row (left to right): Leslie Keller, Bill Stump, Jim Tichenor, Dick Allsopp, Tom Hubbell, Patty Lawrence Back Row (left to right): Jerry Montgomery, Chip Johns, Dean Brenner, Charlie Leighton, Susan Epstein, Fred Hagedorn, Amy Gross-Kehoe, and Jim Capron

Patty LawrenceJerry MontgomeryBill StumpJim Tichenor

Board of Directors

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FLEMING +COMPANYsmart strategy +distinctive design

Design by:

Providing leadership forthe sport of sailing in the United States.

ussailing.org

MEMBERSHIP BY AREA

INDIVIDUAL71%

MEMBERSHIP BY TYPE

FAMILY12%

YOUTH13%

ORGANIZATIONS4%

YOUR PASSION. ORGANIZED.

US SAILING 2006 MEMBERSHIP STATISTICS**37,000 Total Members

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A14%

13%

10%

11%1%

1%

14%

15%

6%

11%

5% B

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