Sail Cape Cod, Inc announces that its application to the Internal Revenue Service for 501(c)(3) status as a charitable non-profit organization has now been approved.
"We are extremely pleased with the IRS approval of Sail Cape Cod as an official 501(c)(3) non-profit, educational & recreational organization", said Charlie McLaughlin, president of the organization.
The newly-formed organization, whose goal is to bring sailing and other water sports activities to a host of underserved individuals on Cape Cod, including disadvantaged and disabled youth and adults, applied for this designation nearly a year ago with the hope of operating by the summer of 2012. But the delay in processing the application forced the group to postpone programming for this past year.
"This designation will now allow us to fundraise as an official tax-exempt, non-profit organization, and qualify us for grants and other funding sources that require 501(c)(3) status for consideration. We proceed with organizations which have already pledged their support, and this enlarges our ability to raise additional funds for this community-based program looking to serve those who would otherwise be unable to enjoy all that the Cape has to offer as a waterfront community."
Sail Cape Cod's mission as a community sailing program is to improve the quality of life on Cape Cod by enhancing personal connection to the sea. It seeks to provide sailing opportunities and other on-the-water recreational programs for people of all ages, socio-economic backgrounds, and physical and developmental abilities.