Sustainable Surf
- Assets
- $1.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Manhattan Beach, CA
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 45-3220205
Organization Overview
Sustainable Surf is located in Manhattan Beach, CA. The organization was established in 2012. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 12/2022, Sustainable Surf employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sustainable Surf 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, Sustainable Surf generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 31.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO REGENERATE THE HEALTH OF OUR OCEAN PLANET AND REVERSE CLIMATE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABLE SURF STARTED THE SEATREES PROGRAM AS PART OF ITS MISSION TO REVERSE CLIMATE CHANGE AND RESTORE BLUE CARBON COASTAL ECOSYSTEMS BY DIRECTLY SUPPORTING LOCAL COMMUNITIES AND SCIENTISTS. ALL-TIME AT THE END OF 2022 OVER 2.1 MILLION SEATREES COMBINED HAVE BEEN RESTORED, PLANTED AND CONSERVED THROUGH THE WORK OF THE PROGRAM. FURTHER 54K CARBON CREDITS HAVE BEEN RETIRED, SEQUESTERING OVER 54,000 TONNES OF C02 FROM THE ATMOSPHERE.
SUSTAINABLE SURF STARTED THE SEATREES PROGRAM AS PART OF ITS MISSION TO REVERSE CLIMATE CHANGE AND RESTORE BLUE CARBON COASTAL ECOSYSTEMS BY DIRECTLY SUPPORTING LOCAL COMMUNITIES AND SCIENTISTS. ALL-TIME AT THE END OF 2022 OVER 2.1 MILLION SEATREES COMBINED HAVE BEEN RESTORED, PLANTED AND CONSERVED THROUGH THE WORK OF THE PROGRAM. FURTHER 54K CARBON CREDITS HAVE BEEN RETIRED, SEQUESTERING OVER 54,000 TONNES OF C02 FROM THE ATMOSPHERE.
SUSTAINABLE SURF ESTABLISHED THE ECOBOARD PROJECT AS THE FIRST INDEPENDENT 3RD PARTY CONSUMER-FACING "ECO-LABEL" FOR SURFBOARDS. OVER 40,000 SURFBOARDS WERE BUILT IN 2022 USING OUR SUSTAINABILITY STANDARD, BRINGING THE GRAND TOTAL TO 430,000 SINCE THE LAUNCH OF THE PROGRAM IN 2012. THIS PROJECT CONTINUES TO GROW YEAR ON YEAR. BRINGING TOGETHER SURFBOARD MANUFACTURERS AND SURF COMMUNITY TO FOSTER COMMUNICATION AND SUSTAINABILITY COMMITMENTS FROM BOTH SIDES
SUSTAINABLE SURF ESTABLISHED THE ECOBOARD PROJECT AS THE FIRST INDEPENDENT 3RD PARTY CONSUMER-FACING "ECO-LABEL" FOR SURFBOARDS. OVER 40,000 SURFBOARDS WERE BUILT IN 2022 USING OUR SUSTAINABILITY STANDARD, BRINGING THE GRAND TOTAL TO 430,000 SINCE THE LAUNCH OF THE PROGRAM IN 2012. THIS PROJECT CONTINUES TO GROW YEAR ON YEAR. BRINGING TOGETHER SURFBOARD MANUFACTURERS AND SURF COMMUNITY TO FOSTER COMMUNICATION AND SUSTAINABILITY COMMITMENTS FROM BOTH SIDES
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 |
|---|---|---|---|
Kevin Whilden Executive Director | OfficerTrustee | 40 | $132,650 |
Michael Stewart Executive Director | OfficerTrustee | 40 | $130,966 |
Jim Moriarty Chairman/president | Trustee | 1 | $0 |
Kevin Tighe Treasurer | OfficerTrustee | 1 | $0 |
Steve Shipsey Secretary | OfficerTrustee | 1 | $0 |
Scott Coleman Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cobec Planting, Seedlings, And Restoration | 12/30/22 | $210,000 |
Bay Foundation Kelp Restoration | 12/30/22 | $185,850 |
Bay Foundation Kelp Restoration | 12/30/22 | $185,850 |
Cobec Planting, Seedlings, And Restoration | 12/30/22 | $210,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,426,495 |
| Noncash contributions included in lines 1a–1f | $56,073 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,426,495 |
| Total Program Service Revenue | $35,782 |
| Investment income | $819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,471,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,000 |
| 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. | $271,453 |
| Compensation of current officers, directors, key employees. | $20,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,474 |
| Pension plan accruals and contributions | $10,049 |
| Other employee benefits | $54,123 |
| Payroll taxes | $39,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,031 |
| Advertising and promotion | $60,977 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,989 |
| Travel | $39,528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,536 |
| Interest | $4,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,060 |
| Insurance | $6,634 |
| All other expenses | $30,626 |
| Total functional expenses | $2,030,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,258,857 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $294,592 |
| 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 | $100,635 |
| Prepaid expenses and deferred charges | $77,089 |
| Net Land, buildings, and equipment | $6,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $143,915 |
| Other assets | $0 |
| Total assets | $1,781,232 |
| Accounts payable and accrued expenses | $76,520 |
| 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 | $148,596 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $225,116 |
| Net assets without donor restrictions | $582,569 |
| Net assets with donor restrictions | $973,547 |
| 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 | $1,781,232 |