St Francis Sailing Foundation
- Assets
- $7.7m
- Revenue
- $945.1k
- Investments
- $7.1m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 94-2956977
Organization Overview
St Francis Sailing Foundation is located in San Francisco, CA. The organization was established in 1985. 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. St Francis 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, St Francis Sailing Foundation generated $945.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $603.1k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, St Francis Sailing Foundation has awarded 31 individual grants totaling $956,356. 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
THE FOUNDATION SUPPORTS THE TRAINING, DEVELOPMENT AND PARTICIPATION OF AMATEUR SAILORS IN NATIONAL AND INTERNATIONAL COMPETITION, AND SUPPORTS YOUTH ENGAGEMENT AND DISABLED ACCESS TO THE SPORT OF SAILING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS:THE ST. FRANCIS SAILING FOUNDATION PROVIDES SUPPORT TO PROMISING YOUNG SAILORS JUST BEGINNING THEIR COMPETITIVE SAILING CAREERS AND ADVANCED COMPETITIVE SAILORS IN THE NATIONAL AND INTERNATIONAL COMPETITION. A PRIORITY OF THE FOUNDATION IS TO PROVIDE SUPPORT FOR US SAILORS AND WINDSURFERS WHO SHOW EXCEPTIONAL PROMISE TO ENABLE THEM TO COMPETE IN THE NATIONAL AND INTERNATIONAL COMPETITIONS LEADING UP TO THE OLYMPICS. THE FOUNDATION MAKES GRANTS TO DEVELOP THE INTERST AND SKILLS OF YOUTH IN THE SPORT OF SAILING BY SUPPORTING PROGRAMS THAT INTRODUCE YOUTH TO SAILING THROUGH THE PROGRAMS OF THE TREASURE ISLAND SAILING CENTER AND SEA SCOUTS, AND BY PROVIDING SCHOLARSHIPS FOR DISADVANTAGED YOUTH TO ATTEND SUMMER SAILING DAY CAMPS AND TRAINING PROGRAMS OFFERED BY THE ST. FRANCIS YACHT CLUB. THE FOUNDATION ALSO SUPPORTS EXPANDED ACCESS TO THE SPORT OF SAILING WITH A GRANT TO THE BAY AREA ASSOCIATION OF DISABLED SAILORS TO SUPPORT PARTICIPATION IN NATIONAL COMPETITIVE RACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rolf Kaiser Vice President | OfficerTrustee | 10 | $0 |
Greg Meagher Treasurer | OfficerTrustee | 10 | $0 |
William Hoehler Secretary | OfficerTrustee | 10 | $0 |
Pamela Healy President | OfficerTrustee | 10 | $0 |
Michelle Harris Director | Trustee | 5 | $0 |
Michelle Slade Director | Trustee | 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 | $675,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $675,742 |
| Total Program Service Revenue | $0 |
| Investment income | $269,323 |
| 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 | $945,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $257,842 |
| Grants and other assistance to domestic individuals. | $214,712 |
| 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 | $36,701 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,225 |
| Fees for services: Other | $5,838 |
| Advertising and promotion | $14,614 |
| Office expenses | $3,340 |
| 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 | $1,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,626 |
| Insurance | $831 |
| All other expenses | $0 |
| Total functional expenses | $603,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $478,286 |
| 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 | $5,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,126,396 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,521 |
| Total assets | $7,666,855 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,800 |
| 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 | $2,800 |
| Net assets without donor restrictions | $4,976,038 |
| Net assets with donor restrictions | $2,688,017 |
| 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 | $7,666,855 |
Grants Awarded
Over the last fiscal year, St Francis Sailing Foundation has awarded $250,842 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: TISC SET SAIL LEARN AND ENVISION | $200,000 |
San Francisco, CA PURPOSE: ST. FRANCIS JR. SAILING PROGRAM | $30,300 |
Benicia, CA PURPOSE: BLACKALLER BOUY | $10,542 |
Alameda, CA PURPOSE: JUNIOR SAILING PROGRAM | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that St Francis Sailing Foundation has recieved totaling $38,853.
| Awarding Organization | Amount |
|---|---|
Hutton Family Foundation Atherton, CA PURPOSE: SEE STATEMENT A | $12,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $11,300 |
Baker Family Foundation Long Beach, CA PURPOSE: TO SUPPORT THE FOUNDATION IN ITS EFFERT TO TRAIN, DEVELOP, AND THE PARTICIPATION OF AMATEUR SAILORS IN NATIONAL AND INTERNATIONAL COMPETITIONS | $8,000 |
Perkins Hunter Foundation Lombard, IL PURPOSE: GENERAL USE | $5,000 |
Phileo Foundation San Francisco, CA PURPOSE: CLASSES FOR DISADVANTAGE CHILDREN | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Endowment Analysis
| Beg. Balance | $3,419,763 |
| Earnings | $103,439 |
| Ending Balance | $3,523,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Water Polo Inc Irvine, CA | $10,254,562 | $13,515,429 |
Pine Mountain Lake Assoc Groveland, CA | $12,781,532 | $13,134,426 |
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 |