Balboa Yacht Club Maritime Sciences And Seamanship Foundation
- Assets
- $256.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seal Beach, CA
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 33-1102882
Organization Overview
Balboa Yacht Club Maritime Sciences And Seamanship Foundation is located in Seal Beach, CA. The organization was established in 2005. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Balboa Yacht Club Maritime Sciences And Seamanship 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 12/2021, Balboa Yacht Club Maritime Sciences And Seamanship Foundation generated $85.6k 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 (6.3%) each year. All expenses for the organization totaled $69.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PARTICIPATE IN REGATTAS TO SUPPORT THE COMMUNITY OF LOCAL SAILORS THAT WILL CONTINUE TO PROMOTE THE MISSION OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Seals President | 1 | $0 | |
Richard Pacelli Secretary | 1 | $0 | |
Norm Shepherd Cfo-Director | 1 | $0 | |
Gary Davidson Director | 0.5 | $0 | |
Robert Lorenzetti Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,978 |
| Total Program Service Revenue | $11,495 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $63,167 |
| Other Revenue | $0 |
| Total Revenue | $85,640 |
| 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 | $13,795 |
| Occupancy, rent, utilities, and maintenance | $6,050 |
| Printing, publications, postage, and shipping | $100 |
| Other expenses | $39,841 |
| Total expenses | $69,536 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $198,515 |
| Other assets | $0 |
| Total assets | $256,485 |
| Total liabilities | $2,000 |
| Net assets or fund balances | $254,485 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Balboa Yacht Club Maritime Sciences And Seamanship Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Cox Family Charitable Foundation Ketchum, ID PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Bowl Aquatics Center Pasadena, CA | $5,127,863 | $7,854,564 |
Long Beach Yacht Club Long Beach, CA | $10,813,572 | $4,722,646 |
De Anza Cupertino Aquatics San Jose, CA | $4,348,092 | $3,828,365 |
Mission Viejo Nadadores Foundation Mission Viejo, CA | $3,694,901 | $4,265,130 |
International Surfing Association Inc Cardiff, CA | $2,343,741 | $3,446,809 |
Quicksilver Swimming San Jose, CA | $998,718 | $2,395,041 |
Diving Equipment & Marketing Association San Diego, CA | $1,315,037 | $1,770,899 |
Santa Clara Aquamaids Synchronized Swimming Club Santa Clara, CA | $5,924,815 | $3,242,783 |
Santa Clara Swim Club Santa Clara, CA | $1,052,065 | $2,281,359 |
Newport Aquatic Center Newport Beach, CA | $1,854,816 | $2,283,685 |
Norcal Crew Redwood City, CA | $638,465 | $1,778,430 |
Davis Aquadarts Inc Davis, CA | $620,913 | $1,485,157 |