King Harbor Youth Foundation Inc
- Assets
- $586.6k
- Revenue
- $426.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Redondo Beach, CA
- Founding
- 12/1982
- Data as of
- 12/2023
- EIN
- 95-3764717
Organization Overview
King Harbor Youth Foundation Inc is located in Redondo Beach, CA. The organization was established in 1982. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King Harbor Youth 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 12/2023, King Harbor Youth Foundation Inc generated $426.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $403.5k during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 6 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
A NON-PROFIT CORPORATION CREATED TO PROMOTE YOUTH SAILING IN SOUTHERN CALIFORNIA, OUR MISSION IS TO PROVIDE ACCESS TO THE SPORT OF SAILING TO LOCAL GIRLS AND BOYS OF ALL BACKGROUNDS, IN ORDER TO BUILD SELF-ESTEEM, TEAMWORK AND A RESPECT FOR THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAILING EDUCATION CAMPS. CONDUCTED DAILY COACHING PROGRAMS FOR BEGINNER THROUGH ADVANCED LEVEL SAILING. SERVED APPROXIMATELY 200 YOUTHS AGED 8-15 IN SUMMER SAILING AND SPRING/FALL SAILING PROGRAMS.
OTHER PROGRAM EXPENSES INCLUDE MAINTENANCE, INSURANCE, OFFICE AND ADVERTISING.
RACE TEAM AND HIGH SCHOOL SAILING PROGRAMS. CONDUCTED ACTIVITIES SUPPORTING YOUTH SAILBOAT RACING INCLUDING COACHING AND HOSTING TEAM PRACTICE SESSIONS, TRAVELING TO AND HOSTING REGATTAS, AND FUNDING YOUTH TRAVEL GRANT REQUESTS. SERVED APPROXIMATELY 40 TEAM MEMBERS ON ROUGHLY 10 DAYS PER MONTH.
OUTREACH PROGRAMS. CONDUCTED THE NEW CHANNELS PROGRAM, AN AVENUE TO GET INDIVIDUALS ON THE WATER THAT WOULD NOT OTHERWISE HAVE THE OPPORTUNITY. THESE ACTIVITIES ARE PROVIDED FREE OF CHARGE TO GROUPS INCLUDING INNER-CITY KIDS, AT-RISK YOUNGSTERS, ABUSED CHILDREN, DISABLED/CHALLENGED INDIVIDUALS AND MANY OTHERS. SESSIONS RANGE ABOUT TWO HOURS AND INCLUDE ACTIVITIES SUCH AS SAILING, POWER BOATING, AND KAYAKING. SESSIONS ARE CONDUCTED BY VOLUNTEERS. SERVED APPROXIMATELY 170 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Lieser President | OfficerTrustee | 5 | $0 |
Mark Folkman Vice President | OfficerTrustee | 5 | $0 |
Chris Mays Secretary | OfficerTrustee | 4 | $0 |
Michael Delanty Treasurer | OfficerTrustee | 4 | $0 |
Andy Beggs Director | Trustee | 2 | $0 |
Brandon Folkman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,908 |
| Related organizations | $0 |
| Government grants | $39,901 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,039 |
| Total Program Service Revenue | $274,052 |
| Investment income | $9,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,900 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $426,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,141 |
| 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 | $228,015 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,445 |
| Payroll taxes | $26,909 |
| 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 | $3,269 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,914 |
| Office expenses | $28,499 |
| Information technology | $149 |
| Royalties | $0 |
| Occupancy | $17,079 |
| Travel | $10,423 |
| 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 | $925 |
| Depreciation, depletion, and amortization | $41,675 |
| Insurance | $11,209 |
| All other expenses | $0 |
| Total functional expenses | $403,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,367 |
| Savings and temporary cash investments | $62,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,547 |
| 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 | $131,542 |
| Investments—publicly traded securities | $275,377 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $586,551 |
| Accounts payable and accrued expenses | $35,114 |
| 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 | $0 |
| Total liabilities | $35,114 |
| 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 | $551,437 |
| Total liabilities and net assets/fund balances | $586,551 |