Sequoias-San Francisco Resident Association
- Assets
- $89.8k
- Revenue
- $29.7k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/2015
- Data as of
- 12/2017
- EIN
- 46-2265217
Organization Overview
Sequoias-San Francisco Resident Association is located in San Francisco, CA. The organization was established in 2015. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Sequoias-San Francisco Resident Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2017, Sequoias-San Francisco Resident Association generated $29.7k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $27.3k during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE SEQUOIAS-SAN FRANCISCO RESIDENT ASSOCIATION (THE ASSOCIATION) IS AN ORGANIZATION MADE UP OF ALL RESIDENTS OF THE SEQUOIAS SAN FRANCISCO, A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) OWNED BY NORTHERN CALIFORNIA PRESBYTERIAN HOMES AND SERVICES (NCPHS), AN INTERNAL REVENUE CODE SECTION 501(C)(3) ORGANIZATION. SINCE ITS INCEPTION, THE ASSOCIATION HAS BEEN ORGANIZED TO PROVIDE PLEASURE, RECREATION AND OTHER NON-PROFITABLE PURPOSES FOR RESIDENTS OF THE CCRC. THE ASSOCIATION IS OPEN TO ALL RESIDENTS AND DOES NOT DISCRIMINATE AGAINST ANY PERSON BASED ON RACE, COLOR, RELIGION OR SEXUAL ORIENTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SPONSORS VARIOUS ACTIVITIES THAT FURTHER ENRICH THE LIVES OF THE RESIDENTS, TYPICALLY THROUGH EDUCATIONAL, CULTURAL, SPIRITUAL OR PHYSICAL IMPROVEMENT PROGRAMS. THE ASSOCIATION STAFFS THE LIBRARY OF THE CCRC AND PURCHASES NEW BOOKS, DVD'S AND NEWSPAPERS FOR A MAIN LIBRARY AND A FINE ARTS LIBRARY. GROUP PARTICIPATION IS PROMOTED IN ARTS AND CRAFTS. MUSIC, MOVIES AND DRAMATIC ENTERTAINMENT ARE PROVIDED AND THE ASSOCIATION SPONSORS LECTURES ON A WIDE VARIETY OF ART, TRAVEL, HEALTH AND OTHER TOPICS FOR THE RESIDENTS. ECUMENICAL SERVICES ARE PROVIDED AND RESIDENTS OPERATE A WORKSHOP FOR REPAIRS TO FURNITURE AND LAMPS OF THE RESIDENTS AS WELL AS A SEWING ROOM FOR ALTERATIONS AND CREATION OF SMALL ITEMS WHICH ARE OFFERED FOR SALE IN A RESIDENT STAFFED GIFT SHOP ADMINISTERED BY NCPHS, EFFECTIVE JUNE 1, 2015. THE ASSOCIATION ALSO PARTICIPATES IN VARIOUS NEIGHBORHOOD ACTIVITIES AND SENIORS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Spellman President | OfficerTrustee | 35 | $0 |
Bob Scott Vice President | OfficerTrustee | 2 | $0 |
Marya D'abate Vice President | OfficerTrustee | 10 | $0 |
Kathleen Shurling Treasurer | OfficerTrustee | 2 | $0 |
Susan Mackenzie Secretary | OfficerTrustee | 2 | $0 |
Lily Wang Asst. Treasurer | OfficerTrustee | 2 | $0 |
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 | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $4,630 |
| Investment income | $108 |
| 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 | $29,738 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $27,289 |
| Total functional expenses | $27,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,611 |
| Savings and temporary cash investments | $0 |
| 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 | $154 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,765 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,300 |
| Total liabilities | $1,300 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $88,465 |