Surfing Heritage Foundation
- Assets
- $6.2m
- Revenue
- $637.0k
- Investments
- $0.0
- Employees
- 7
- Location
- San Clemente, CA
- Founding
- 06/2001
- Data as of
- 03/2022
- 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 03/2022, 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 03/2022, Surfing Heritage And Culture Center generated $637.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $560.6k during the year ending 03/2022. 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
2022
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
SURFING HERITAGE AND CULTURE CENTER (SHACC) PROVIDES HOSTED AND INDIVIDUAL TOURS OF ITS EXTENSIVE HISTORIC SURFBOARD ARCHIVE AND PHOTO COLLECTION TO STUDENTS AND SURFING ENTHUSIASTS. WE HAD APPROXIMATELY 7,500 VISITORS DURING THE YEAR AND MADE SEVERAL LOANS OF PIECES OF SHACC'S ARCHIVE TO ENHANCE OTHER MUSEUMS' EXHIBITS. WE ARE CONTINUING TO DEVELOP CURRICULUM FOR THE EDUCATIONAL COMMUNITY IN CALIFORNIA AND BEYOND. WE CURATED A COLLECTION OF HISTORIC CHAMPIONSHIP SURFBOARDS AND A TIMELINE OF THE SURFBOARD FIN THAT ARE BOTH NOW ON DISPLAY AT SHACC. SURFING HERITAGE USES SOCIAL MEDIA AS PART OF ITS OUTREACH PROGRAM. LAST YEAR WE HAD OVER 100,000 VISITS TO OUR WEBSITE, OVER 1,400 FOLLOWERS ON TWITTER, 7,500 FOLLOWERS ON FACEBOOK, AND OUR SURF CHANNEL HAS CLOSE TO 5,500 VIEWERS PER MONTH. OUR MONTHLY E-NEWSLETTER IS RECEIVED BY MORE THAN 9,000 PEOPLE.
SHACC IS THE RECIPIENT OF THE ASSETS AND TRADEMARK OF THE FOLLOW THE LIGHT FOUNDATION. FOLLOW THE LIGHT WAS FOUNDATION SET UP BY THE FAMILY OF A DECEASED SURFING MAGAZINE PHOTO EDITOR TO RECOGNIZE YOUNG PHOTOGRAPHERS. TO CONTINUE THAT MISSION SHACC HOLDS AN EVENT TO RECOGNIZE AND PROVIDE GRANTS TO TOP YOUNG PHOTOGRAPHERS AS PICKED BY A PANEL OF PROFESSIONAL PHOTOGRAPHERS AND PAST WINNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Morris Former Exec | Officer | 40 | $85,023 |
Scott Griffiths Secretary | OfficerTrustee | 1 | $0 |
Spencer Croul Co-Chair | OfficerTrustee | 20 | $0 |
Patti Paniccia Co-Chair | OfficerTrustee | 20 | $0 |
Greg Dillion Director | Trustee | 0 | $0 |
Bill Eddy Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,150 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $456,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $526,892 |
| Total Program Service Revenue | $8,456 |
| Investment income | $250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,015 |
| Net Rental Income | $1,940 |
| Net Gain/Loss on Asset Sales | $55,343 |
| Net Income from Fundraising Events | $11,020 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,915 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $637,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $85,023 |
| Compensation of current officers, directors, key employees. | $28,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,364 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,497 |
| Payroll taxes | $18,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $233 |
| Fees for services: Accounting | $8,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,927 |
| Advertising and promotion | $3,184 |
| Office expenses | $13,232 |
| Information technology | $15,177 |
| Royalties | $0 |
| Occupancy | $93,216 |
| Travel | $1,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,992 |
| Insurance | $12,537 |
| All other expenses | $199 |
| Total functional expenses | $560,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,771 |
| Savings and temporary cash investments | $1,672,395 |
| 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 | $27,161 |
| Prepaid expenses and deferred charges | $570 |
| Net Land, buildings, and equipment | $1,683,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,367,659 |
| Total assets | $6,225,091 |
| Accounts payable and accrued expenses | $6,998 |
| 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 | $18,998 |
| Net assets without donor restrictions | $5,775,191 |
| Net assets with donor restrictions | $430,902 |
| 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 | $6,225,091 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Surfing Heritage Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Helping Us Help Ourselves Foundation Los Angeles, CA PURPOSE: DONATION | $20,000 |
Seeley Foundation Po Box, IL PURPOSE: GENERAL | $5,000 |
Endowment Analysis
| Beg. Balance | $130,902 |
| Net Contributions | $300,000 |
| Ending Balance | $430,902 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Hot Rod Association San Dimas, CA | $60,527,116 | $84,074,162 |
The Exploratorium San Francisco, CA | $264,783,310 | $48,557,720 |
Oakland Museum Of California Oakland, CA | $69,568,610 | $21,712,450 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |