Treasure Island Sailing Center Foundation
- Assets
- $4.1m
- Revenue
- $648.4k
- Investments
- $0.0
- Employees
- 25
- Location
- San Francisco, CA
- Founding
- 04/1999
- Data as of
- 12/2020
- EIN
- 31-1625735
Organization Overview
Treasure Island Sailing Center Foundation is located in San Francisco, CA. The organization was established in 1999. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Treasure Island Sailing Center Foundation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasure Island Sailing Center 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 12/2020, Treasure Island Sailing Center Foundation generated $648.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $779.3k during the year ending 12/2020. While expenses have increased by 2.7% per year over the past 6 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 2015, Treasure Island Sailing Center Foundation has awarded 13 individual grants totaling $167,397. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CREATE OPPORTUNITIES FOR PEOPLE TO LEARN AND GROW THROUGHSAILING BY PROVIDING FACILITIES,SAILING INSTRUCTION, AND ACCESS TO THE WATER FOR PEOPLE OF ALL SOCIOECONOMIC BACKGROUNDS, ABILITIES AND SKILL LEVELS FROM NOVICE TO THE OLYMPIAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TREASURE ISLAND SAILING CENTER PROVIDED 1,717 YOUTH AND ADULTS OF ALL ABILITIES AND SOCIOECONOMIC BACKROUNDS IN THE SAN FRANCISCO BAY AREA 16,603 HOURS OF SAILING OPPORTUNITIES FOR EITHER INSTRUCTION OR RECREATION. THE MAJORITY OF OUR PROGRAM SERVES YOUTH AND IN 2020 PROVIDED 1,655 YOUTH WITH 16,543 HOURS OF INSTRUCTIONS. 91% OF YOUTH WERE PROVIDED SCHOLARSHIPS. 1,460 OF THE CENTER'S YOUTH PARTICIPATED IN A STEM PROGRAM OFFERED TO THE 4TH AND SOME 5TH GRADE SAN FRANCISCO UNIFIED PUBLIC SCHOOL STUDENTS AT NO COST INCLUDING TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Lund Executive Director (term End 9/20) | Officer | 40 | $107,502 |
Carisa Harris-Adamson President | OfficerTrustee | 2 | $0 |
William J Hoehler Secretary/treasurer | OfficerTrustee | 2 | $0 |
Chris Churchill Board Member | Trustee | 2 | $0 |
Paul Heineken Board Member (term Start 3/20) | Trustee | 2 | $0 |
David Guinther Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $172,127 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $388,869 |
| Total Program Service Revenue | $100,244 |
| Investment income | $71,651 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $87,627 |
| 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 | $648,391 |
| 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. | $114,643 |
| Compensation of current officers, directors, key employees. | $60,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,918 |
| Pension plan accruals and contributions | $5,472 |
| Other employee benefits | $31,503 |
| Payroll taxes | $35,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,607 |
| Fees for services: Accounting | $28,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,769 |
| Advertising and promotion | $1,425 |
| Office expenses | $20,412 |
| Information technology | $4,019 |
| Royalties | $0 |
| Occupancy | $29,635 |
| Travel | $14,993 |
| 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 | $23,939 |
| Insurance | $11,340 |
| All other expenses | $133 |
| Total functional expenses | $779,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,077 |
| Savings and temporary cash investments | $60,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,846 |
| 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 | $6,462 |
| Net Land, buildings, and equipment | $99,372 |
| Investments—publicly traded securities | $3,859,777 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,094,751 |
| Accounts payable and accrued expenses | $59,841 |
| 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 | $141,280 |
| Other liabilities | $0 |
| Total liabilities | $201,121 |
| Net assets without donor restrictions | $691,139 |
| Net assets with donor restrictions | $3,202,491 |
| 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 | $4,094,751 |
Grants Awarded
Over the last fiscal year, Treasure Island Sailing Center Foundation has awarded $32,900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UP ON TOP PURPOSE: Full Day 1 Week for 30 students | $10,500 |
SAN FRANCISCO RECREATION AND PARKS PURPOSE: Full Day 1 Week for 27 students | $9,450 |
Rch Palos Vrd, CA PURPOSE: Full Day 1 Week for 20 students | $7,000 |
San Francisco, CA PURPOSE: Full Day 1 Week for 17 students | $5,950 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Treasure Island Sailing Center Foundation has recieved totaling $205,149.
| Awarding Organization | Amount |
|---|---|
St Francis Sailing Foundation San Francisco, CA PURPOSE: TISC SET SAIL LEARN AND ENVISION | $200,000 |
Enersen Foundation San Rafael, CA PURPOSE: SUPPORT YOUTHSAILING | $3,000 |
Laird Norton Family Foundation Seattle, WA PURPOSE: LAIRD NORTON FAMILY MATCHING GRANT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Endowment Analysis
| Beg. Balance | $2,815,097 |
| Earnings | $480,982 |
| Other Expense | $480,982 |
| Ending Balance | $2,815,097 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Sports Foundation Scottsdale, AZ | $81,400,423 | $14,775,397 |
Honolulu Marathon Association Honolulu, HI | $702,356 | $7,732,346 |
Big West Conference Irvine, CA | $7,929,557 | $7,534,520 |
Reno Air Racings Association Inc Reno, NV | $901,025 | $5,151,361 |
Southern California Tennis Association Los Angeles, CA | $6,892,008 | $5,027,831 |
San Diego Bowl Game Association San Diego, CA | $2,382,848 | $1,680,512 |
Shoot The Puck Foundation Inc Fresno, CA | $1,640,190 | $2,525,508 |
Oregon Gymnastics Academy Beaverton, OR | $1,082,474 | $1,692,678 |
Td4tucson Tucson, AZ | $1,275,054 | $1,690,367 |
Club One Az Chandler, AZ | $817,190 | $1,726,904 |
Newark Soccer Club Inc Newark, CA | $0 | $1,380,907 |
Sun Devil Gymnastics Booster Club Chandler, AZ | $148,122 | $1,133,409 |