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Nonprofiteer
← BIG SUR MARATHON FOUNDATION INC

Form 990 for tax year 2023

Filed by BIG SUR MARATHON FOUNDATION INC.

Totals

Total revenue
$4,513,973
Total expenses
$3,709,834
Contributions and grants received
$663,549
Grants paid
$429,401
Program service revenue
$3,630,650
Investment income
$103,177
Other revenue
$116,597
Total assets, end of year
$5,040,954
Total liabilities, end of year
$2,641,822
Net assets or fund balances, end of year
$2,399,132
Program services expenses (Part IX)
$3,422,129
Management and general expenses
$229,610
Fundraising expenses
$58,095
Program service expenses (Part III)
$3,422,129

Program services were 92.2% 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.

  • 1f · All other contributions, gifts and grants

    $663,549

  • 1g · Noncash contributions included above

    $172,334

  • 2a · Program service revenue: RACE ENTRY FEES

    total $3,371,563 · related or exempt $3,371,563

  • 2b · Program service revenue: RACE OTHER INCOME

    total $259,087 · related or exempt $259,087

  • 3 · Investment income

    total $76,376 · excluded $76,376

  • 7a · Gross sales of assets other than inventory

    other assets $26,801

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

    other assets $0

  • 7c · Gain or loss

    other assets $26,801

  • 7d · Net gain or loss

    total $26,801 · excluded $26,801

  • 10a · Gross sales of inventory

    $116,597

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $116,597 · related or exempt $116,597

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $429,401 · program services $429,401

  • 5 · Compensation of officers, directors and key employees

    total $232,836 · program services $80,808 · management and general $105,461 · fundraising $46,567

  • 7 · Other salaries and wages

    total $58,530 · program services $30,193 · management and general $22,669 · fundraising $5,668

  • 10 · Payroll taxes

    total $21,940 · program services $8,352 · management and general $9,672 · fundraising $3,916

  • 11b · Fees: legal

    total $965 · management and general $965

  • 11c · Fees: accounting

    total $48,159 · management and general $48,159

  • 11g · Fees: other

    total $44,445 · program services $43,296 · management and general $1,149

  • 12 · Advertising and promotion

    total $67,848 · program services $67,848

  • 13 · Office expenses

    total $48,294 · program services $24,147 · management and general $23,567 · fundraising $580

  • 14 · Information technology

    total $132,044 · program services $125,756 · management and general $6,288

  • 16 · Occupancy

    total $100,447 · program services $100,447

  • 17 · Travel

    total $6,125 · program services $2,153 · management and general $2,608 · fundraising $1,364

  • 19 · Conferences, conventions and meetings

    total $844 · program services $844

  • 22 · Depreciation, depletion and amortization

    total $13,398 · program services $13,398

  • 23 · Insurance

    total $12,960 · program services $3,888 · management and general $9,072

  • 24a · Other expenses: RACE OPERATIONS

    total $1,036,978 · program services $1,036,978

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $267,838 · program services $267,838

  • 24c · Other expenses: TRANSPORTATION AND PARK

    total $223,335 · program services $223,335

  • 24d · Other expenses: RACE T-SHIRTS

    total $212,884 · program services $212,884

  • 24e · All other expenses

    total $750,563 · program services $750,563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,901,215 · end of year $2,080,964

  • 2 · Savings and temporary cash investments

    beginning of year $42,337 · end of year $642,507

  • 4 · Accounts receivable

    beginning of year $60,606 · end of year $41,440

  • 8 · Inventories for sale or use

    beginning of year $64,290

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,660 · end of year $49,952

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

    $134,758

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

    $94,488

  • 10c · Land, buildings and equipment, net

    beginning of year $28,747 · end of year $40,270

  • 11 · Investments: publicly traded securities

    beginning of year $1,988,196 · end of year $2,007,281

  • 15 · Other assets

    beginning of year $42,954 · end of year $178,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,963 · end of year $33,340

  • 18 · Grants payable

    beginning of year $108,960 · end of year $92,650

  • 19 · Deferred revenue

    beginning of year $2,534,045 · end of year $2,378,629

  • 25 · Other liabilities

    beginning of year $4,662 · end of year $137,203

  • 27 · Net assets without donor restrictions

    beginning of year $1,471,603 · end of year $2,377,360

  • 28 · Net assets with donor restrictions

    beginning of year $21,772 · end of year $21,772

Mission and programs · 2023

Mission

TO CREATE BEAUTIFUL RUNNING EVENTS THAT PROMOTE HEALTH AND BENEFIT OUR COMMUNITY.

  • BIG SUR MARATHON ORGANIZES RUNNING EVENTS. MARATHON EVENT IN APRIL WITH 9,813 PARTICIPANTS, HALF MARATHON EVENT IN NOVEMBER WITH 8,002 PARTICIPANTS AND PALO CORONA CROSS COUNTRY MEETS COORDINATED WITH SCHOOLS WITH 3,000 PARTICIPANTS.

    Expenses $3,422,129 · Grants $429,401 · Revenue $3,747,247

As filed on the 2023 return.

Listed in Part VII

  • Dino Pick

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Hank Armstrong

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • John Thibeau

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Mimi Hahn

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Sharen Carey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Hugo Ferlito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Becky Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Tina Lavorato

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Amanda Lebow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Winli McAnally

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • John Mutty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Doug Oldfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Marc Pritchard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jon Russell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Josh Priester

    EXECUTIVE DIRECTOR

    Total calculated
    $150,660
    From this org
    $140,981
    From related orgs
    $0
    Other
    $9,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,981
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,679
    Filer's total
    $150,660

  • Chris Balog

    BUSINESS MGR

    Total calculated
    $82,176
    From this org
    $81,446
    From related orgs
    $0
    Other
    $730
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413189349311651

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