South Bay Classic Inc
- Assets
- $391.6k
- Revenue
- $4.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 05/1992
- Data as of
- 03/2022
- EIN
- 33-0486563
Organization Overview
South Bay Classic Inc is located in Torrance, CA. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Bay Classic 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 03/2022, South Bay Classic Inc generated $4.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (38.3%) each year.
Since 2015, South Bay Classic Inc has awarded 79 individual grants totaling $824,255. 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
PROVIDE GRANTS TO VARIOUS YOUTH DRUG PREVENTION PROGRAMS AND SCHOOL PROGRAMS IN THE SOUTH BAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTH BAY CLASSIC WAS FORMED TO SUPPORT THE YOUTH OF THE SOUTH BAY COMMUNITY. SOUTH BAY CLASSIC RAISES FUNDS TO BE AWARDED TO VARIOUS SOUTH BAY AREA SCHOOLS AND PUBLIC CHARITIES THAT CONDUCT PROGRAMS DEDICATED TO YOUTH DRUG ABUSE PREVENTION, SUBSTANCE ABUSE EDUCATION, AND AFTER SCHOOL CARE. HOWEVER, SOUTH BAY CLASSIC WAS UNABLE TO HOLD TOURNAMENTS DURING THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Morikawa President | OfficerTrustee | 1 | $0 |
Karin Baker Secretary/treasurer | OfficerTrustee | 1 | $0 |
Tim Stowe Vice President | OfficerTrustee | 1 | $0 |
Shinichi Nakano Director | Trustee | 0.5 | $0 |
Mike Miura Director | Trustee | 0.5 | $0 |
Steve Donar Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,232 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,119 |
| Savings and temporary cash investments | $369,445 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $391,564 |
| 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 | $391,564 |
| 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 | $391,564 |
Grants Awarded
Over the last fiscal year, South Bay Classic Inc has awarded $106,560 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
TORRANCE UNIFIED SCHOOL DISTRICT PURPOSE: SEL CURRICULUM & INTERVENTIONS ($2,500), SOUTH BAY FAMILIES CONNECTED ($3,000), PBIS SCHOOLS SUPPORT ($2,000) | $7,500 |
REDONDO BEACH UNIFIED SCHOOL DISTRICT PURPOSE: POSITIVE BEHAVIOR INTERVENTION AND SUPPORTS (PBIS) ($4,500), SOUTH BAY FAMILIES CONNECTED ($3,000) | $7,500 |
REDONDO BEACH UNIFIED SCHOOL DISTRICT PURPOSE: POSITIVE BEHAVIOR INTERVENTION AND SUPPORTS (PBIS) ($4,500), SOUTH BAY FAMILIES CONNECTED ($3,000) | $7,500 |
TORRANCE UNIFIED SCHOOL DISTRICT PURPOSE: SEL CURRICULUM & INTERVENTIONS ($2,500), SOUTH BAY FAMILIES CONNECTED ($3,000), PBIS SCHOOLS SUPPORT ($2,000) | $7,500 |
Palos Verdes Estates, CA PURPOSE: SAFE SCHOOL COORDINATORS PROGRAM (COMPREHENSIVE COUNSELING PROGRAM MIRALESTE INTERMEDIATE 2019-2020, RAIDERADE - RIDGECREST, WEB - WHERE EVERYONE BELONGS - PVIS) | $7,030 |
Palos Verdes Estates, CA PURPOSE: SAFE SCHOOL COORDINATORS PROGRAM (COMPREHENSIVE COUNSELING PROGRAM MIRALESTE INTERMEDIATE 2019-2020, RAIDERADE - RIDGECREST, WEB - WHERE EVERYONE BELONGS - PVIS) | $7,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Funders Group Berkeley, CA | $23,826,861 | $25,307,328 |
United Way Of Monterey County Monterey, CA | $13,516,071 | $8,095,454 |
Americas Best Charities San Rafael, CA | $10,646,936 | $7,386,195 |
United Way Of San Diego County San Diego, CA | $15,586,637 | $8,439,082 |
United Way Of Lane County Springfield, OR | $6,356,824 | $7,869,717 |
United Way Of Northern California Redding, CA | $4,668,549 | $4,887,789 |
Northern California Grantmakers San Francisco, CA | $6,839,491 | $6,676,722 |
Jewish Federation Of San Diego County San Diego, CA | $21,912,767 | $5,847,982 |
San Diego Christian Foundation Inc San Diego, CA | $2,448,206 | $5,369,713 |
United Way Of The Mid-Willamette Valley Salem, OR | $5,554,350 | $5,986,237 |
Jewish Federation And Family Services Of Orange County Irvine, CA | $13,584,328 | $5,181,457 |
Irving I Moskowitz Foundation Hawaiian Gardens, CA | $48,635,959 | $3,252,749 |