Skip to content
Nonprofiteer
← BELVEDERE COVE FOUNDATION

Form 990 for tax year 2025

Filed by BELVEDERE COVE FOUNDATION.

Totals

Total revenue
$329,755
Total expenses
$216,484
Contributions and grants received
$75,411
Grants paid
$180,360
Program service revenue
$0
Investment income
$113,344
Other revenue
$141,000
Total assets, end of year
$2,088,794
Total liabilities, end of year
$50,811
Net assets or fund balances, end of year
$2,037,983
Program services expenses (Part IX)
$185,338
Management and general expenses
$31,146
Fundraising expenses
$0
Program service expenses (Part III)
$185,338

Program services were 85.6% 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

    $63,275

  • 1f · All other contributions, gifts and grants

    $12,136

  • 3 · Investment income

    total $63,959 · excluded $63,959

  • 7a · Gross sales of assets other than inventory

    securities $550,243

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

    securities $500,858

  • 7c · Gain or loss

    securities $49,385

  • 7d · Net gain or loss

    total $49,385 · excluded $49,385

  • 8a · Fundraising events: gross income

    $162,292

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

    $63,275

  • 8b · Fundraising events: direct expenses

    $21,292

  • 8c · Net income from fundraising events

    total $141,000 · excluded $141,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $133,930 · program services $133,930

  • 2 · Grants to domestic individuals

    total $46,430 · program services $46,430

  • 11b · Fees: legal

    total $3,643 · management and general $3,643

  • 11c · Fees: accounting

    total $11,150 · management and general $11,150

  • 11f · Fees: investment management

    total $7,266 · management and general $7,266

  • 11g · Fees: other

    total $4,340 · management and general $4,340

  • 12 · Advertising and promotion

    total $3,641 · program services $3,641

  • 13 · Office expenses

    total $119 · management and general $119

  • 14 · Information technology

    total $1,366 · management and general $1,366

  • 22 · Depreciation, depletion and amortization

    total $1,337 · program services $1,337

  • 23 · Insurance

    total $1,744 · management and general $1,744

  • 24a · Other expenses: POSTAGE

    total $593 · management and general $593

  • 24b · Other expenses: BANK CHARGES

    total $582 · management and general $582

  • 24c · Other expenses: FOREIGN TAXES

    total $243 · management and general $243

  • 24d · Other expenses: TAXES & LICENSES

    total $100 · management and general $100

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $94,684 · end of year $117,702

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

    $14,981

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

    $11,639

  • 10c · Land, buildings and equipment, net

    beginning of year $4,679 · end of year $3,342

  • 11 · Investments: publicly traded securities

    beginning of year $1,825,242 · end of year $1,950,750

  • 15 · Other assets

    beginning of year $31,200 · end of year $17,000

  • 18 · Grants payable

    beginning of year $17,536 · end of year $29,800

  • 19 · Deferred revenue

    beginning of year $30,011 · end of year $21,011

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,908,258 · end of year $2,037,983

Mission and programs · 2025

Mission

PROMOTE YOUTH SAILING.

Activities or mission (Part I)

PROMOTE YOUTH SAILING

  • PROMOTED YOUTH SAILING ACTIVITIES BY PROVIDING EQUIPMENT, FACILITIES AND FREE OR LOW COST INSTRUCTION TO YOUNG INDIVIDUALS BY QUALIFIED TEACHERS. MATERIALS FOR EDUCATION IN SAILING SKILLS PROVIDED. PROVIDED GRANTS FOR VARIOUS EVENTS.

    Expenses $185,338 · Grants $180,360

As filed on the 2025 return.

Listed in Part VII

  • David S Walker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Mark Maymar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Lacey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kyle Elliott

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charlie Harrington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Glenn Isaacson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • James O Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Danny Shea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Grant Baldwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lucy Carrico

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Adam Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Patty Young

    DIRECTOR AND GRANT CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • Lucy Wilmont

    DIRECTOR AND SCHOLARSHIPS

    Total calculated
    $0
    Hours/week
    1

  • Don Jesberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
2025
Filed
2 July 2026
IRS schema version
2025v4.2
Source object
202642059349300939

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

The source document this was parsed from is served over the API, which is where bulk and document access live.