Surfings Evolution & Preservation Foundation Inc
- Assets
- $15.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Cocoa, FL
- Founding
- 10/2009
- Data as of
- 06/2022
- EIN
- 26-3087353
Organization Overview
Surfings Evolution & Preservation Foundation Inc is located in Cocoa, FL. The organization was established in 2009. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Surfings Evolution & Preservation Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Surfings Evolution & Preservation Foundation Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $651.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Surfings Evolution & Preservation Foundation Inc has awarded 36 individual grants totaling $601,967. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF SURFING, AND ITS HISTORY, AS A SPORT AND RECREATIONAL ACTIVITY. PRESERVATION OF THE BEACHES AND THEIR ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF THE BEACHES AND THEIR ENVIRONMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald E Dimenna President/di | OfficerTrustee | 1 | $0 |
Lynne C Dimenna Secretary/tr | OfficerTrustee | 1 | $0 |
Malcolm R Kirschenbaum Vice Preside | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,198,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,198,981 |
| Total Program Service Revenue | $0 |
| Investment income | $5,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,674 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,227,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $427,867 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,169 |
| Fees for services: Accounting | $2,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,116 |
| Office expenses | $1,665 |
| Information technology | $4,440 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,848 |
| Insurance | $4,225 |
| All other expenses | $0 |
| Total functional expenses | $651,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,427,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,893 |
| Prepaid expenses and deferred charges | $129,159 |
| Net Land, buildings, and equipment | $67,328 |
| Investments—publicly traded securities | $11,943,191 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $32,853 |
| Other assets | $0 |
| Total assets | $15,623,723 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $15,623,723 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,623,723 |
Grants Awarded
Over the last fiscal year, Surfings Evolution & Preservation Foundation Inc has awarded $289,567 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Clearwater, FL PURPOSE: MARINE DEBRIS MODEL | $59,000 |
FLORIDA BEACH PATROL CHIEFS ASSOCIA PURPOSE: BEACH RESCUE | $54,217 |
Clermont, FL PURPOSE: SURF PROGRAM | $30,000 |
Tallahassee, FL | | $25,000 |
Melbourne, FL PURPOSE: BEACH MICE PROGRAM | $23,000 |
Tallahassee, FL | | $17,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Square Foundation Ocala, FL | $124,141,413 | $8,724,488 |
United States Masters Swimming Inc Sarasota, FL | $7,327,632 | $3,454,621 |
Usa Water Ski & Wake Sports Inc Auburndale, FL | $1,442,821 | $1,825,367 |
Usa Swimming Inc Minneola, FL | $982,345 | $1,492,508 |
Sarasota Crew Inc Osprey, FL | $3,089,613 | $2,511,291 |
Water Sports Foundation Inc Orlando, FL | $355,212 | $1,138,831 |
Huntsville Swim Association Huntsville, AL | $601,008 | $1,169,266 |
Sarasota Sharks Incorporated Sarasota, FL | $1,254,329 | $1,187,905 |
Athens Bulldog Swim Club Inc Hull, GA | $405,540 | $725,242 |
Palm Beach Sailing Club Inc West Palm Beach, FL | $1,088,323 | $782,714 |
Coconut Grove Sailing Club Instructional Center Inc Miami, FL | $284,549 | $710,117 |
Sarasota Sailing Squadron Inc Sarasota, FL | $2,108,235 | $790,673 |