Surfings Evolution & Preservation Foundation Inc
- Assets
- $18.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Cocoa, FL
- Founding
- 10/2009
- Data as of
- 06/2023
- 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 06/2023, Surfings Evolution & Preservation Foundation Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Surfings Evolution & Preservation Foundation Inc has awarded 72 individual grants totaling $1,336,707. 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne C Dimenna Secretary/tr | OfficerTrustee | 1 | $0 |
Ronald E Dimenna President/di | OfficerTrustee | 1 | $0 |
Malcolm R Kirschenbaum Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,562,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,563,400 |
| Total Program Service Revenue | $0 |
| Investment income | $296,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,559 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,890,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $896,740 |
| 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 | $31,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,310 |
| Fees for services: Accounting | $3,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,102 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,325 |
| Office expenses | $3,198 |
| Information technology | $0 |
| 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 | $390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,489 |
| Insurance | $5,637 |
| All other expenses | $0 |
| Total functional expenses | $1,039,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,027,302 |
| 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 | $25,072 |
| Prepaid expenses and deferred charges | $129,159 |
| Net Land, buildings, and equipment | $60,363 |
| Investments—publicly traded securities | $12,255,412 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,329 |
| Other assets | $0 |
| Total assets | $18,525,637 |
| 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 | $18,525,637 |
| 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 | $18,525,637 |
Grants Awarded
Over the last fiscal year, Surfings Evolution & Preservation Foundation Inc has awarded $734,740 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AAF SPACE COAST PURPOSE: CLEAN UP | $6,000 |
AMERICAN RED CROSS OF THE SOUTHEAST PURPOSE: SUPPORT FL BEACHES | $10,000 |
AUTISM SURFS OF FLORIDA PURPOSE: SURF PROGRAMS | $6,000 |
BEACH BUCKET FOUNDATION PURPOSE: BEACH RESCUE/EDUC | $8,000 |
BEACH KEEPERS INC PURPOSE: BEACH CLEAN UP | $6,500 |
BEACHES GO GREEN PURPOSE: CLEAN UP/RACK CARD | $9,000 |