Peninsula Youth Sailing Foundation
- Assets
- $451.8k
- Revenue
- $756.8k
- Investments
- $0.0
- Employees
- 19
- Location
- Woodside, CA
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 46-0468229
Organization Overview
Peninsula Youth Sailing Foundation is located in Woodside, CA. The organization was established in 2002. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Peninsula Youth Sailing Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Youth Sailing 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 12/2023, Peninsula Youth Sailing Foundation generated $756.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $730.9k during the year ending 12/2023. While expenses have increased by 13.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AMATEUR YOUTH SAILING BY PROVIDING INSTRUCTION AND FACILITIES TO ACCOMODATE SAILORS OF ALL SKILL LEVELS AND SOCIOECONOMIC BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENINSULA YOUTH SAILING FOUNDATION PROVIDES SAILING INSTRUCTION AND COACHING AFTER SCHOOL AND ON WEEKENDS FOR YOUTH AGES 8-18 YEARS OLD TO SAIL IN VARIOUS SAILBOATS AND LEARN BASIC SAILING INSTRUCTIONS AND SAFETY, AND PROGRESS TO COMPETE AS PART OF A TEAM IN HIGH SCHOOL REGATTAS THROUGHOUT CALIFORNIA. ADDITIONALLY, JUNIOR RACING PROVIDES AN OPPORTUNITY FOR SAILORS TO LEARN HOW TO SAIL IN OPTIMIST, 420 AND LASER SAILBOATS AND TO COMPETE IF THEY WISH IN REGATTAS THROUGHOUT THE US IN THE FALL SEASON.
PENINSULA YOUTH SAILING FOUNDATION PROVIDES SAILING INSTRUCTION AND COACHING AFTER SCHOOL AND ON WEEKENDS FOR YOUNG SAILORS AGES 8 TO 12 YEARS TO SAIL IN SAILBOATS. THEY LEARN BASIC SAILING INSTRUCTION AND APPROXIMATELY 200 YOUTH PARTICIPATED.
DURING THE SUMMER PENINSULA YOUTH SAILING FOUNDATION HOLDS 1-2 WEEK LONG SUMMER CAMPS FOR YOUTH (8 TO 18 YEARS OLD). BASIC SAILING INSTRUCTION AND SAFETY ARE TAUGHT AND A FUN REGATTA IS HELD ON THE FINAL DAY OF CAMP. COACHES WHO ARE ADVANCED SAILORS FROM THE HIGH SCHOOL SAILING TEAMS AS WELL AS OTHER SAILING COACHES ARE INSTRUCTORS APPROXIMATELY 200 YOUTH (8 - 18 YEARS) PARTICIPATED IN THE SUMMER PROGRAM.
PENINSULA YOUTH SAILING FOUNDATION PROVIDES SAILING INSTRUCTION AND COACHING AFTER SCHOOL AND ON WEEKENDS FOR YOUNG SAILORS AGES 8 TO 12 YEARS TO SAIL IN SAILBOATS. THEY LEARN BASIC SAILING INSTRUCTION AND APPROXIMATELY 134 YOUTH PARTICIPATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Vandemoer Executive Di | Officer | 40 | $129,864 |
Winston Bumpus Treasurer | Officer | 10 | $0 |
Kate Glasson Secretary | Officer | 0.5 | $0 |
Kate Humphreys Director | Officer | 0.5 | $0 |
Steven Kan Chairman | Officer | 0.5 | $0 |
Katie Pettibone Director | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,820 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,510 |
| Total Program Service Revenue | $544,062 |
| Investment income | $1,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,069 |
| 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 | $756,774 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $351,998 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,017 |
| Payroll taxes | $27,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,022 |
| Information technology | $2,538 |
| Royalties | $0 |
| Occupancy | $58,735 |
| Travel | $1,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,234 |
| Interest | $4,813 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,738 |
| Insurance | $8,309 |
| All other expenses | $0 |
| Total functional expenses | $730,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,147 |
| Savings and temporary cash investments | $780 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $284,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $451,797 |
| Accounts payable and accrued expenses | $132,490 |
| 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 | $87,102 |
| Other liabilities | $0 |
| Total liabilities | $219,592 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $232,205 |
| Total liabilities and net assets/fund balances | $451,797 |