Big Sur Marathon Foundation Inc
- Assets
- $3.5m
- Revenue
- $210.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Carmel, CA
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 77-0048388
Organization Overview
Big Sur Marathon Foundation Inc is located in Carmel, CA. The organization was established in 1991. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Big Sur Marathon Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Sur Marathon Foundation Inc 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, Big Sur Marathon Foundation Inc generated $210.5k 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 (32.4%) each year. All expenses for the organization totaled $560.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Big Sur Marathon Foundation Inc has awarded 41 individual grants totaling $1,002,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BIG SUR MARATHON FOUNDATION CREATES BEAUTIFUL RUNNING EVENTS THAT PROMOTE HEALTH AND BENEFIT OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIG SUR MARATHON ORGANIZES RUNNING EVENTS. NO EVENTS COULD BE HELD IN 2021 BECAUSE OF COVID RESTRICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Thurston Race Director | Officer | 40 | $114,055 |
Chris Balog Business Mgr | Officer | 40 | $86,051 |
Hank Armstrong Vice Chairman | OfficerTrustee | 5 | $0 |
Dino Pick Chairman | OfficerTrustee | 5 | $0 |
Alice Crawford Past Chairman | OfficerTrustee | 5 | $0 |
Karen O'callaghan Secretary | OfficerTrustee | 5 | $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 | $279,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,570 |
| Total Program Service Revenue | $7,527 |
| Investment income | $8,419 |
| 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 | -$87,174 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,477 |
| 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. | $211,440 |
| Compensation of current officers, directors, key employees. | $42,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,739 |
| Fees for services: Accounting | $30,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,297 |
| Advertising and promotion | $420 |
| Office expenses | $44,376 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,947 |
| Travel | $5,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,684 |
| Insurance | $12,524 |
| All other expenses | $0 |
| Total functional expenses | $560,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $699,005 |
| Savings and temporary cash investments | $500,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,089 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $61,969 |
| Prepaid expenses and deferred charges | $37,534 |
| Net Land, buildings, and equipment | $51,794 |
| Investments—publicly traded securities | $2,095,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,912 |
| Total assets | $3,535,944 |
| Accounts payable and accrued expenses | $17,540 |
| Grants payable | $13,310 |
| Deferred revenue | $2,277,147 |
| 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 | $247,968 |
| Total liabilities | $2,555,965 |
| Net assets without donor restrictions | $958,207 |
| Net assets with donor restrictions | $21,772 |
| 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 | $3,535,944 |
Grants Awarded
Over the last fiscal year, Big Sur Marathon Foundation Inc has awarded $14,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Monterey, CA PURPOSE: SUPPORT EXEMPT PURPOSE | $8,500 |
WEDS NIGHT LAUNDRY RUNNERS PURPOSE: SUPPORT EXEMPT PURPOSE | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Big Sur Marathon Foundation Inc has recieved totaling $10,562.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,281 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,281 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Sports Foundation Scottsdale, AZ | $81,400,423 | $14,775,397 |
Honolulu Marathon Association Honolulu, HI | $702,356 | $7,732,346 |
Big West Conference Irvine, CA | $7,929,557 | $7,534,520 |
Reno Air Racings Association Inc Reno, NV | $901,025 | $5,151,361 |
Southern California Tennis Association Los Angeles, CA | $6,892,008 | $5,027,831 |
San Diego Bowl Game Association San Diego, CA | $2,382,848 | $1,680,512 |
Shoot The Puck Foundation Inc Fresno, CA | $1,640,190 | $2,525,508 |
Oregon Gymnastics Academy Beaverton, OR | $1,082,474 | $1,692,678 |
Td4tucson Tucson, AZ | $1,275,054 | $1,690,367 |
Club One Az Chandler, AZ | $817,190 | $1,726,904 |
Newark Soccer Club Inc Newark, CA | $0 | $1,380,907 |
Sun Devil Gymnastics Booster Club Chandler, AZ | $148,122 | $1,133,409 |