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Nonprofiteer
← SURFINGS EVOLUTION & PRESERVATION FOUNDATION INC

Form 990 for tax year 2022

Filed by SURFINGS EVOLUTION & PRESERVATION FOUNDATION INC.

Totals

Total revenue
$3,890,772
Total expenses
$1,039,116
Contributions and grants received
$3,563,400
Grants paid
$896,740
Program service revenue
$0
Investment income
$314,813
Other revenue
$12,559
Total assets, end of year
$18,525,637
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,525,637
Program services expenses (Part IX)
$974,031
Management and general expenses
$52,293
Fundraising expenses
$12,792
Program service expenses (Part III)
$974,031

Program services were 93.7% 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)

    $3,562,507

  • 1f · All other contributions, gifts and grants

    $893

  • 3 · Investment income

    total $296,350 · excluded $296,350

  • 7a · Gross sales of assets other than inventory

    securities $18,463

  • 7c · Gain or loss

    securities $18,463

  • 7d · Net gain or loss

    total $18,463 · excluded $18,463

  • 10a · Gross sales of inventory

    $28,794

  • 10b · Cost of goods sold

    $16,235

  • 10c · Net income from sales of inventory

    total $12,559 · related or exempt $12,559

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $896,740 · program services $896,740

  • 7 · Other salaries and wages

    total $31,583 · program services $31,583

  • 11b · Fees: legal

    total $27,310 · management and general $27,310

  • 11c · Fees: accounting

    total $3,466 · program services $1,664 · management and general $1,802

  • 11f · Fees: investment management

    total $35,102 · program services $21,062 · management and general $7,020 · fundraising $7,020

  • 12 · Advertising and promotion

    total $23,325 · program services $9,363 · management and general $9,308 · fundraising $4,654

  • 13 · Office expenses

    total $3,198 · program services $1,314 · management and general $977 · fundraising $907

  • 19 · Conferences, conventions and meetings

    total $390 · program services $164 · management and general $113 · fundraising $113

  • 22 · Depreciation, depletion and amortization

    total $11,489 · program services $11,489

  • 23 · Insurance

    total $5,637 · management and general $5,637

  • 24a · Other expenses: BANK CHARGES

    total $526 · program services $526

  • 24b · Other expenses: STATE ANNUAL FEES

    total $350 · program services $126 · management and general $126 · fundraising $98

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,427,299 · end of year $6,027,302

  • 8 · Inventories for sale or use

    beginning of year $23,893 · end of year $25,072

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,159 · end of year $129,159

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

    $69,650

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

    $9,287

  • 10c · Land, buildings and equipment, net

    beginning of year $67,328 · end of year $60,363

  • 11 · Investments: publicly traded securities

    beginning of year $11,943,191 · end of year $12,255,412

  • 14 · Intangible assets

    beginning of year $32,853 · end of year $28,329

  • 27 · Net assets without donor restrictions

    beginning of year $15,623,723 · end of year $18,525,637

Mission and programs · 2022

Mission

PRESERVATION OF SURFING, AND ITS HISTORY, AS A SPORT AND RECREATIONAL ACTIVITY. PRESERVATION OF THE BEACHES AND THEIR ENVIRONMENT.

  • PRESERVATION OF THE BEACHES AND THEIR ENVIRONMENT.

    Expenses $974,031 · Grants $896,740

As filed on the 2022 return.

Listed in Part VII

  • Lynne C Dimenna

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Ronald E Dimenna

    PRESIDENT/DI

    Total calculated
    $0
    Hours/week
    1

  • Malcolm R Kirschenbaum

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
20 February 2023
IRS schema version
2022v5.0
Source object
202410589349300346

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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