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← ST FRANCIS SAILING FOUNDATION

Form 990 for tax year 2023

Filed by ST FRANCIS SAILING FOUNDATION.

Totals

Total revenue
$460,558
Total expenses
$560,118
Contributions and grants received
$126,408
Grants paid
$473,639
Program service revenue
$0
Investment income
$279,328
Other revenue
$54,822
Total assets, end of year
$7,733,728
Total liabilities, end of year
$17,700
Net assets or fund balances, end of year
$7,716,028
Program services expenses (Part IX)
$498,730
Management and general expenses
$61,388
Fundraising expenses
$0
Program service expenses (Part III)
$498,730

Program services were 89.0% 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.

  • 1c · Fundraising events

    $3,500

  • 1f · All other contributions, gifts and grants

    $122,908

  • 3 · Investment income

    total $295,438 · excluded $295,438

  • 7b · Less cost or other basis and sales expenses

    securities $16,110

  • 7c · Gain or loss

    securities -$16,110

  • 7d · Net gain or loss

    total -$16,110 · excluded -$16,110

  • 8a · Fundraising events: gross income

    $102,475

  • 8a · Fundraising events: contributions included on line 1c

    $3,500

  • 8b · Fundraising events: direct expenses

    $47,653

  • 8c · Net income from fundraising events

    total $54,822 · excluded $54,822

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $165,250 · program services $165,250

  • 2 · Grants to domestic individuals

    total $308,389 · program services $308,389

  • 11c · Fees: accounting

    total $45,150 · management and general $45,150

  • 11f · Fees: investment management

    total $7,288 · management and general $7,288

  • 11g · Fees: other

    total $7,167 · program services $7,167

  • 12 · Advertising and promotion

    total $5,782 · program services $5,782

  • 13 · Office expenses

    total $1,565 · program services $516 · management and general $1,049

  • 22 · Depreciation, depletion and amortization

    total $11,626 · program services $11,626

  • 23 · Insurance

    total $1,657 · management and general $1,657

  • 24a · Other expenses: TAXES, FILING FEES, & L

    total $6,242 · management and general $6,242

  • 24b · Other expenses: BANK CHARGES

    total $2 · management and general $2

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $301,658 · end of year $238,418

  • 4 · Accounts receivable

    beginning of year $37,435 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $560,204

  • 10b · Land, buildings and equipment: accumulated depreciation

    $509,472

  • 10c · Land, buildings and equipment, net

    beginning of year $19,026 · end of year $50,732

  • 12 · Investments: other securities

    beginning of year $6,649,372 · end of year $7,388,057

  • 15 · Other assets

    beginning of year $56,521 · end of year $56,521

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,792 · end of year $9,750

  • 18 · Grants payable

    beginning of year $2,788 · end of year $7,950

  • 27 · Net assets without donor restrictions

    beginning of year $4,307,455 · end of year $4,966,051

  • 28 · Net assets with donor restrictions

    beginning of year $2,749,977 · end of year $2,749,977

Mission and programs · 2023

Mission

THE FOUNDATION SUPPORTS THE TRAINING, DEVELOPMENT AND PARTICIPATION OF AMATEUR SAILORS IN NATIONAL AND INTERNATIONAL COMPETITION AND SUPPORTS YOUTH ENGAGEMENT AND DISABLED ACCESS TO THE SPORT OF SAILING.

Activities or mission (Part I)

SUPPORTING SAILORS IN COMPETITION, AND YOUTH AND DISABLED ACCESS TO SAILING.

  • THE ST. FRANCIS SAILING FOUNDATION PROVIDES SUPPORT TO PROMISING YOUNG SAILORS JUST BEGINNING THEIR COMPETITIVE SAILING CAREERS AND ADVANCED COMPETITIVE SAILORS IN THE NATIONAL AND INTERNATIONAL COMPETITION. A PRIORITY OF THE FOUNDATION IS TO PROVIDE SUPPORT FOR US SAILORS AND WINDSURFERS WHO SHOW EXCEPTIONAL PROMISE TO ENABLE THEM TO COMPETE IN THE NATIONAL AND INTERNATIONAL COMPETITIONS LEADING UP TO THE OLYMPICS. THE FOUNDATION MAKES GRANTS TO DEVELOP THE INTERST AND SKILLS OF YOUTH IN THE SPORT OF SAILING BY SUPPORTING PROGRAMS THAT INTRODUCE YOUTH TO SAILING THROUGH THE PROGRAMS OF THE TREASURE ISLAND SAILING CENTER AND SEA SCOUTS, AND BY PROVIDING SCHOLARSHIPS FOR DISADVANTAGED YOUTH TO ATTEND SUMMER SAILING DAY CAMPS AND TRAINING PROGRAMS OFFERED BY THE ST. FRANCIS YACHT CLUB. THE FOUNDATION ALSO SUPPORTS EXPANDED ACCESS TO THE SPORT OF SAILING WITH A GRANT TO THE BAY AREA ASSOCIATION OF DISABLED SAILORS TO SUPPORT PARTICIPATION IN NATIONAL COMPETITIVE RACES.

    Expenses $498,730 · Grants $473,639

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rolf Kaiser

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • William Hoehler

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Greg Meagher

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Pamela Healy

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Bill Kreysler

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Mike Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Peter Stoneberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michelle Slade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michelle Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Maureen Roddy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Paul Heineken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jenny Swett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Pam Rorke Levy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kimball Livingston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth Anathan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Molly Carapiet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth Little

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349307599

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