Form 990 for tax year 2025
Filed by TREASURE ISLAND SAILING CENTER FOUNDATION.
Totals
- Total revenue
- $374,536
- Total expenses
- $222,159
- Contributions and grants received
- $42,741
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $331,542
- Other revenue
- $253
- Total assets, end of year
- $4,331,853
- Total liabilities, end of year
- -$621
- Net assets or fund balances, end of year
- $4,332,474
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $222,159
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$25,541
-
1f · All other contributions, gifts and grants
$17,200
-
2a · Program service revenue: Program fees
-
2b · Program service revenue: Sailing rental fees
-
3 · Investment income
total $82,116 · related or exempt $82,116
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $601,493
-
7b · Less cost or other basis and sales expenses
securities $352,067
-
7c · Gain or loss
securities $249,426
-
7d · Net gain or loss
total $249,426 · related or exempt $249,426
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $253 · related or exempt $253
-
11e · Other revenue, total
$253
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $76,505 · management and general $76,505
-
8 · Pension plan contributions
total $728 · management and general $728
-
9 · Other employee benefits
total $11,706 · management and general $11,706
-
10 · Payroll taxes
total $5,768 · management and general $5,768
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $11,486 · management and general $11,486
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $11,107 · management and general $11,107
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $25,111 · management and general $25,111
-
24a · Other expenses: Depreciation
total $32,423 · management and general $32,423
-
24b · Other expenses: Maintenance/Repair
total $25,319 · management and general $25,319
-
24c · Other expenses: Contracted services
total $20,851 · management and general $20,851
-
24d · Other expenses: Transportation
total $699 · management and general $699
-
24e · All other expenses
total $456 · management and general $456
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $116,736 · end of year $47,004
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $5,323 · end of year $7,224
-
10a · Land, buildings and equipment: cost or other basis
$1,198,704
-
10b · Land, buildings and equipment: accumulated depreciation
$951,732
-
10c · Land, buildings and equipment, net
beginning of year $279,395 · end of year $246,972
-
11 · Investments: publicly traded securities
beginning of year $3,643,718 · end of year $4,030,653
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,000 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $26,468 · end of year -$621
-
27 · Net assets without donor restrictions
beginning of year $1,140,691 · end of year $1,396,457
-
28 · Net assets with donor restrictions
beginning of year $2,879,013 · end of year $2,936,017
Mission and programs · 2025
Mission
TISC students participate in positive, skill building experiences learning water safety, responsibility, respect, communication, teamwork, leadership, and appreciation for their environment. TISC is a large scale, multiuser, year round sailing school on San Francisco Bay operated by dedicated staff and volunteers, emphasizing full community involvement by offering access to all, regardless of financial ability.
Activities or mission (Part I)
Our mission is to create opportunities for people to learn and grow through sailing by providing facilities, sailing instruction, and access to the water for people of all socioeconomic backgrounds,abilities and skill levels from novice to the Olympian.
-
The Treasure Island Sailing Center provides instructional and recreational sailing opportunities to youth and adults of all abilities and socioeconomic backgrounds from the San Francisco Bay Area. However,the Board and management decided to pause operations and programs for two to three years, as the City of San Francisco has moved to rebuild the newest neighborhood of Treasure Island and to accelerate improvements in the new home center.
As filed on the 2025 return.
Listed in Part VII
-
William J Hoehler
Sec./Treas
- Total calculated
- $0
- Hours/week
- 2
-
Paul Heineken
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Bill Kreysler
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Doug Smith
Board Member
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 22 April 2026
- IRS schema version
- 2025v4.1
- Source object
- 202631129349301583
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