Los Angeles Sailing Foundation
- Assets
- $115.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Pedro, CA
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-3550483
Organization Overview
Los Angeles Sailing Foundation is located in San Pedro, CA. The organization was established in 2009. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles 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 12/2022, Los Angeles Sailing Foundation generated $31.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $17.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DURING 2022 THE LOS ANGELES SAILING FOUNDATION MADE GRANTS TO THE LOS ANGELES YACHT CLUB TO SUPPORT THE BOATS OWNED BY LOS ANGELES SAILING FOUNDATION AND CHARTERED TO LOS ANGELES YACHT CLUB FOR USE IN ITS COMMUNITY SAILING AND ASA SAILING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrance Brown President | 4 | $0 | |
Bill Rogers Director | 1 | $0 | |
James Morgan Director | 1 | $0 | |
Malcolm D Mcduffie Treasurer/secre | 4 | $0 | |
Mike Shook Director | 1 | $0 | |
David Calloway Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,430 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,435 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,295 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,581 |
| Total expenses | $17,876 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,074 |
| Other assets | $0 |
| Total assets | $115,055 |
| Total liabilities | $0 |
| Net assets or fund balances | $115,055 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Los Angeles Sailing Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Smith-Welsh Foundation Woodland Hills, CA PURPOSE: TO SUPPORT THE SPORT OF SAILING AND TO PROMOTE THE STEWARDSHIP OF THE MARINE ENVIRONMENT. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conservation Corps Of Long Beach Long Beach, CA | $9,166,980 | $11,871,279 |
We Hope East Palo Alto, CA | $4,717,112 | $7,572,079 |
San Francisco City Impact San Francisco, CA | $1,094,213 | $7,113,381 |
Fresh Lifelines For Youth Inc Milpitas, CA | $7,609,651 | $8,984,163 |
East Bay Asian Youth Center Oakland, CA | $1,698,812 | $7,118,392 |
Access Youth Academy San Diego, CA | $4,330,454 | $1,221,754 |
The Painted Turtle Santa Monica, CA | $41,527,735 | $8,643,050 |
Paradise Oaks Youth Services Citrus Heights, CA | $3,816,959 | $7,297,497 |
Youth Leadership Institute San Francisco, CA | $3,931,170 | $6,133,227 |
Reading And Beyond Fresno, CA | $7,228,751 | $5,413,699 |
King Philanthropies Inc Menlo Park, CA | $120,079,985 | $59,553,256 |
Future Leaders Of America Oxnard, CA | $2,173,035 | $2,809,963 |