San Francisco Challenge
- Assets
- $2.1m
- Revenue
- $1.4m
- Investments
- $1.4m
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 10/1996
- Data as of
- 12/2023
- EIN
- 94-3242538
Organization Overview
San Francisco Challenge is located in Berkeley, CA. The organization was established in 1996. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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 Francisco Challenge 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 12/2023, San Francisco Challenge generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, San Francisco Challenge has awarded 71 individual grants totaling $9,131,742. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAN FRANCISCO CHALLENGE FOCUSES ON ACCELERATING THE PROGRESS OF SAILORS WHO HAVE THE POTENTIAL TO WIN AT THE HIGHEST LEVELS. ANCHORED BY OUR SQUAD TRAINING APPROACH, A1RS DEVELOPMENT PROGRAM IS DESIGNED TO SUPPORT THESE ATHLETES ON THEIR JOURNEY TO REPRESENTING THE U.S. AT INTERNATIONAL COMPETITIONS, SUCH AS THE OLYMPIC GAMES, PAN AMERICAN GAMES, YOUTH WORLD CHAMPIONSHIPS AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Smith Sec/treas/dir | 10 | $0 | |
William Ruh Director | 5 | $0 | |
Lawrence Finch Chair/director | 1 | $0 | |
Paul Cayard Director | 10 | $0 | |
Tom Seip Director | 1 | $0 | |
Jean Lemieur Not Dir CFO | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bad Horsie Sailing Llc | 12/30/23 | $109,013 |
Nautik Performance Llc | 12/30/23 | $211,434 |
Charlie Mckee | 12/30/23 | $102,600 |
Gibson Dunn Crutcher Llp | 12/30/23 | $149,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,235,174 |
| Interest on Savings | $5,432 |
| Dividends & Interest | $39,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,536 |
| Capital Gain Net Income | $82,536 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,800 |
| Total Revenue | $1,369,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,621 |
| Printing and publications | $0 |
| Other expenses | $944,977 |
| Total operating and administrative expenses | $1,281,501 |
| Contributions, gifts, grants paid | $340,000 |
| Total expenses and disbursements | $1,621,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,772 |
| Savings and temporary cash investments | $170,451 |
| Net Accounts receivable | $50,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,797 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $92,643 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,102,500 |
| Accounts payable and accrued expenses | $162,506 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $14,578 |
| Total liabilities | $177,084 |
Grants Awarded
Over the last fiscal year, San Francisco Challenge has awarded $340,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
TREASURE ISLAND SAILING CENTER FDN PURPOSE: OPERATING SUPPORT | $25,000 |
TEAM PARADISE SAILING INC PURPOSE: ADAPTIVE SAILING PROGRAM | $10,000 |
ALEXANDER TEMKO PURPOSE: OLYMPIC TRIALS | $12,000 |
BAY AREA ASSOC DISABLED SAILORS PURPOSE: COACHES & OPERATING SUPPORT | $20,000 |
ANNA TOBIAS PURPOSE: OLYMPIC TRIALS | $30,000 |
ANNA WEIS PURPOSE: OLYMPIC TRIALS | $9,000 |