Surfing Heritage Foundation
- Assets
- $5.6m
- Revenue
- $427.5k
- Investments
- $0.0
- Employees
- 7
- Location
- San Clemente, CA
- Founding
- 06/2001
- Data as of
- 03/2024
- EIN
- 33-0934459
Organization Overview
Surfing Heritage Foundation, operating under the name Surfing Heritage And Culture Center, is located in San Clemente, CA. The organization was established in 2001. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2024, Surfing Heritage And Culture Center employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Surfing Heritage And Culture Center 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 03/2024, Surfing Heritage And Culture Center generated $427.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $987.2k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE SURFING HERITAGE FOUNDATION IS DEDICATED TO PRESERVING THE HISTORY OF SURFING. WE COLLECT, PRESERVE, AND DOCUMENT SURF CRAFT, PRINT, PHOTOS, ORAL HISTORIES, ART, CINEMATOGRAPHY, AND SURFING MEMORABILIA FOR THE APPRECIATION AND EDUCATION OF CURRENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SURFING HERITAGE AND CULTURE CENTER (SHACC) OFFERS HOSTED AND INDIVIDUAL TOURS OF ITS EXTENSIVE COLLECTION, FEATURING APPROXIMATELY 500 HISTORIC SURFBOARDS AND 100,000 PHOTOGRAPHS. SHACC BOASTS A TOTAL COLLECTION OF AROUND 500,000 OBJECTS. IN 2024 ALONE, THE WEBSITE HAS ATTRACTED OVER 24,000 VISITS, WITH TOTAL VISITS SURPASSING 200,000. SHACC IS ACTIVE ON SOCIAL MEDIA, WITH OVER 23,000 INSTAGRAM FOLLOWERS, 24,000 FACEBOOK FOLLOWERS. IN ADDITION TO WELCOMING APPROXIMATELY 2,500 VISITORS ANNUALLY, SHACC HAS LOANED ITEMS FROM ITS ARCHIVE TO ENHANCE OTHER MUSEUM EXHIBITS. THE ORGANIZATION IS ALSO DEVELOPING EDUCATIONAL CURRICULA FOR SCHOOLS IN CALIFORNIA AND BEYOND. RECENTLY, SHACC CURATED AN EXHIBIT OF HISTORIC WORLD CHAMPIONSHIP AND OLYMPIC MEDALIST SURFBOARDS, AND THE LATEST EXHIBIT IS A TRIBUTE TO PHOTOGRAPHER, AUTHOR, ENVIRONMENTALIST, IMAX FILM PRODUCER, AND SURF FILMMAKER GREG MACGILLIVRAY. BOTH EXHIBITS ARE NOW SHOWCASED AT THE CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Alter Executive Di | Officer | 40 | $140,000 |
Spencer Croul Co-Chair | OfficerTrustee | 20 | $0 |
Greg Dillion Director | Trustee | 0 | $0 |
Michael Dovey Director | Trustee | 0 | $0 |
Bill Eddy Director | Trustee | 0 | $0 |
Rich Figone Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,575 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,810 |
| Total Program Service Revenue | $12,103 |
| Investment income | $22,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,105 |
| Net Gain/Loss on Asset Sales | $54,542 |
| Net Income from Fundraising Events | -$8,859 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,082 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,544 |
| 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. | $140,000 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,685 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,654 |
| Payroll taxes | $25,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $5,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $434,898 |
| Advertising and promotion | $14,873 |
| Office expenses | $9,299 |
| Information technology | $21,801 |
| Royalties | $4,108 |
| Occupancy | $46,864 |
| Travel | $3,129 |
| 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 | $48,828 |
| Insurance | $21,424 |
| All other expenses | $0 |
| Total functional expenses | $987,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,145 |
| Savings and temporary cash investments | $414,650 |
| 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 | $38,914 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,623,140 |
| Investments—publicly traded securities | $898,651 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,382,659 |
| Total assets | $5,567,159 |
| Accounts payable and accrued expenses | $25,375 |
| 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 | $12,000 |
| Total liabilities | $37,375 |
| Net assets without donor restrictions | $4,658,886 |
| Net assets with donor restrictions | $870,898 |
| 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 | $5,567,159 |