San Diego Yacht Club Sailing Foundation
- Assets
- $3.4m
- Revenue
- $148.2k
- Investments
- $369.4k
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 33-0510953
Organization Overview
San Diego Yacht Club Sailing Foundation is located in San Diego, CA. The organization was established in 1997. 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. San Diego Yacht Club Sailing Foundation 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 12/2021, San Diego Yacht Club Sailing Foundation generated $148.2k 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 (10.3%) each year. All expenses for the organization totaled $77.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, San Diego Yacht Club Sailing Foundation has awarded 17 individual grants totaling $181,259. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIPS AND ENCOURAGE PARTICIPATION IN LOCAL, NATIONAL, AND INTERNATIONAL NAUTICAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Martin Treasurer | OfficerTrustee | 5 | $12,000 |
Gary Gould President | OfficerTrustee | 0.2 | $0 |
Mike Morton Secretary | OfficerTrustee | 0.2 | $0 |
John Rebelo Board Director | Trustee | 0.2 | $0 |
Chuck Sinks Board Director | Trustee | 0.2 | $0 |
Al Pleskus Board Director | Trustee | 0.2 | $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 | $148,184 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,184 |
| Total Program Service Revenue | $0 |
| Investment income | $37 |
| 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 | $148,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| Grants and other assistance to domestic individuals. | $13,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| 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 | $3,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,729 |
| Advertising and promotion | $0 |
| Office expenses | $26,802 |
| 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 | $77,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,562 |
| Savings and temporary cash investments | $10,272 |
| 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 | $112,367 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $369,367 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,718,202 |
| Total assets | $3,386,770 |
| 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 | $207,370 |
| Total liabilities | $207,370 |
| Net assets without donor restrictions | $3,179,400 |
| 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 | $3,386,770 |
Grants Awarded
Over the last fiscal year, San Diego Yacht Club Sailing Foundation has awarded $19,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: SCHOLARSHIPS | $10,000 |
San Diego, CA PURPOSE: SCHOLARSHIPS | $7,500 |
San Diego, CA PURPOSE: SCHOLARSHIPS | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that San Diego Yacht Club Sailing Foundation has recieved totaling $22,107.
| Awarding Organization | Amount |
|---|---|
Downing Family Foundation San Diego, CA PURPOSE: RESTRICTED FUND SAILING CAMPAIGN | $15,000 |
Baker Family Foundation Long Beach, CA PURPOSE: TO PROMOTE NATIONAL AND INTERNATIONAL AMATEUR SAILING, MARITIME EDUCATION AND COMPETITION | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $107 |
Endowment Analysis
| Beg. Balance | $1,290,587 |
| Earnings | $224,563 |
| Admin Expense | $6,624 |
| Net Contributions | $58,304 |
| Grants | $1,670 |
| Ending Balance | $1,565,160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |
Norcal Crew Redwood City, CA | $638,465 | $1,778,430 |
Davis Aquadarts Inc Davis, CA | $620,913 | $1,485,157 |