SAN FRANCISCO CHALLENGE: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SAN FRANCISCO CHALLENGE (EIN 94-3242538)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202443209349100804
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Compensation Explanation
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T21:02:43-08:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 371420474 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fontanello Duffield & Otake LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 Montgomery Street Suite 1305 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 943242538 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | San Francisco Challenge | BusinessNameLine1Txt |
| Business Name Line2 | dba AmericaOne | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SANF | BusinessNameControlTxt |
| Phone | 5108414123 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 127 University Avenue | AddressLine1Txt |
| City | Berkeley | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94710 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Douglas D Smith | PersonNm |
| Person Title | Sec/Treas/Dir | PersonTitleTxt |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Erik Satow | PreparerPersonNm |
| PTIN | P01410341 | PTIN |
| Phone | 4159830200 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,102,500 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,235,174 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $5,432 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5,432 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $5,432 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $39,715 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $39,715 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $39,715 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $82,536 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,258,830 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $82,536 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $6,800 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $1,369,657 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $127,683 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $45,147 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $181,215 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $163,015 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $10,625 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $10,625 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $126,084 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $50,657 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $75,427 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,979 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,884 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $16,621 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $16,621 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $944,977 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $38 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $861,574 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,281,501 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $52,579 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,127,262 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $340,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $340,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,621,501 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $52,579 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,467,262 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$251,844 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $75,104 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $45,147 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $30,621 | CashBOYAmt |
| Cash EOY | $460,772 | CashEOYAmt |
| Cash EOYFMV | $460,772 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $137,123 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $170,451 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $170,451 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $50,000 | AcctRcvblAmt |
| Acct Rcvbl EOY | $50,000 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $50,000 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $6,595 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $32,797 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $32,797 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $422,218 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $301,288 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $301,288 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $930,689 | CorporateStockBOYAmt |
| Corporate Stock EOY | $734,508 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $734,508 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $340,445 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $260,041 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $260,041 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $284,634 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $92,643 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $92,643 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $2,152,325 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,102,500 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,102,500 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $1,965 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $162,506 | AccountsPayableEOYAmt |
| Grants Payable BOY | $606,170 | GrantsPayableBOYAmt |
| Other Liabilities BOY | $14,578 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $14,578 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $622,713 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $177,084 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $1,529,612 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $1,925,416 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,529,612 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,925,416 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,152,325 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,102,500 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,529,612 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$251,844 | ExcessRevenueOverExpensesAmt |
| Other Increases | $647,648 | OtherIncreasesAmt |
| Subtotal | $1,925,416 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,925,416 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| Capital Gains Distributions | P | 2000-01-01 | 2023-12-31 | $924 | $924 | $924 | |
| Sale of Publicly Traded Securities | P | 2000-01-01 | 2023-12-31 | $1,257,906 | $81,612 | $81,612 | $1,176,294 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $82,536 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,044 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,044 | SubtotalAmt |
| Tax Based On Investment Income | $1,044 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $6,600 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $6,600 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $5,556 | OverpaymentAmt |
| Applied To ES Tax | $5,556 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.americaoneracing.us | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Third Plateau | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5108414123 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 127 University Avenue | AddressLine1Txt |
| City | Berkeley | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 947101616 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Doug Smith | ||||||
| 127 University Avenue | Berkeley | CA | 947101616 | Sec/Treas/Dir | 10.00 | $0 |
| William Ruh | ||||||
| 127 University Avenue | Berkeley | CA | 947101616 | Director | 5.00 | $0 |
| Lawrence Finch | ||||||
| 127 University Avenue | Berkeley | CA | 947101616 | Chair/Director | 1.00 | $0 |
| Paul Cayard | ||||||
| 127 University Avenue | Berkeley | CA | 947101616 | Director | 10.00 | $0 |
| Tom Seip | ||||||
| 127 University Avenue | Berkeley | CA | 947101616 | Director | 1.00 | $0 |
| Jean LeMieur Not Dir | ||||||
| 127 University Avenue | Berkeley | CA | 947101616 | CFO | 2.00 | $0 |
| Katherine Carraher Not Dir | ||||||
| 127 University Avenue | Berkeley | CA | 947101616 | Asst. Sect'y | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Nautik Performance LLC | |||||
| 127 University Avenue | Berkeley | CA | 947101616 | Legal Services | $211,434 |
| Bad Horsie Sailing LLC | |||||
| 127 University Avenue | Berkeley | CA | 947101616 | Sailing Coach | $109,013 |
| Charlie McKee | |||||
| 127 University Avenue | Berkeley | CA | 947101616 | Sailing Coach | $102,600 |
| Gibson Dunn Crutcher LLP | |||||
| 333 South Grand Ave | Los Angeles | CA | 90071 | Legal Services | $149,547 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | San Francisco Challenge focuses on accelerating the progress of sailors who have the potential to win at the highest levels. Anchored by our squad training approach, A1Rs development program is designed to support these athletes on their journey to representing the U.S. at international competitions, such as the Olympic Games, Pan American Games, Youth World Championships and more. | Description1Txt |
| Expenses1 | $1,228,827 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,752,968 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $237,357 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,990,325 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $1,990,325 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $29,855 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,960,470 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $98,024 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,467,262 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,467,262 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $45,147 | CurrentYearAmt |
| Year1 | $53,331 | Year1Amt |
| Year2 | $70,640 | Year2Amt |
| Year3 | $54,327 | Year3Amt |
| Total | $223,445 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $38,375 | CurrentYearAmt |
| Year1 | $45,331 | Year1Amt |
| Year2 | $60,044 | Year2Amt |
| Year3 | $46,178 | Year3Amt |
| Total | $189,928 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,467,262 | CurrentYearAmt |
| Year1 | $555,069 | Year1Amt |
| Year2 | $518,111 | Year2Amt |
| Year3 | $555,668 | Year3Amt |
| Total | $3,096,110 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $340,000 | CurrentYearAmt |
| Year1 | $520,000 | Year1Amt |
| Year2 | $480,000 | Year2Amt |
| Year3 | $520,000 | Year3Amt |
| Total | $1,860,000 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,127,262 | CurrentYearAmt |
| Year1 | $35,069 | Year1Amt |
| Year2 | $38,111 | Year2Amt |
| Year3 | $35,668 | Year3Amt |
| Total | $1,236,110 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $65,349 | CurrentYearAmt |
| Year1 | $82,416 | Year1Amt |
| Year2 | $109,474 | Year2Amt |
| Year3 | $110,588 | Year3Amt |
| Total | $367,827 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Treasure Island Sailing Center Fdn | |||||||
| 698 California Ave Building 112 | San Francisco | CA | 94130 | N/A | PC | Operating Support | $25,000 |
| Bay Area Assoc Disabled Sailors | |||||||
| 260 King St 649 | San Francisco | CA | 94107 | N/A | PC | Coaches & Operating Support | $20,000 |
| Team Paradise Sailing Inc | |||||||
| 3109 Grand Avenue 312 | Miami | FL | 33133 | N/A | PC | Adaptive Sailing Program | $10,000 |
| Alexander Temko | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $12,000 |
| Anna Tobias | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $30,000 |
| Anna Weis | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $9,000 |
| Bryn Muller | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $7,500 |
| Chapman Peterson | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trial | $11,000 |
| Christina Sakellaris | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $14,000 |
| Christopher Williford | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $14,000 |
| Danicka Sailer | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $9,000 |
| Daniel Escudero | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $9,500 |
| Duncan Williford | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $14,000 |
| Evan Heffernan | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $16,500 |
| Fiona W Wylde | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $2,500 |
| Garrett January | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,500 |
| Geronimo Nores | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $14,000 |
| Guthrie Braun | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,500 |
| Hans Henken | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,500 |
| Jesse Andrews | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $7,000 |
| Leandre Boucher | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $5,000 |
| Mac Agnese | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $26,000 |
| Nevin Snow | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $26,000 |
| Noah Runciman | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $8,500 |
| Paris Henken | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $30,000 |
| Pedro Pascual | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $12,000 |
| Sage Andrews | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $340,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,432 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $39,715 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $82,536 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Event Income | Desc |
| Related Or Exempt Function Incm | $6,800 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $127,683 | ExclusionAmt |
| Related Or Exempt Function Incm | $6,800 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $134,483 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11a | LineNumberTxt |
| Relationship Statement | Training Event Income | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (9 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| JP Conte | ||||||
| 1 | 127 University Avenue | Berkeley | CA | 947101616 | $250,000 | Yes (X) |
| Tom Seip | ||||||
| 2 | 127 University Avenue | Berkeley | CA | 947101616 | $35,000 | Yes (X) |
| Swartz Foundation | ||||||
| 3 | 177 Huntington Ave | Boston | MA | 02115 | $100,000 | Yes (X) |
| Hap Fauth | ||||||
| 4 | 127 University Avenue | Berkeley | CA | 947101616 | $50,000 | Yes (X) |
| L David Askew | ||||||
| 5 | 127 University Avenue | Berkeley | CA | 947101616 | $25,000 | Yes (X) |
| Doug DeVos | ||||||
| 6 | 127 University Avenue | Berkeley | CA | 947101616 | $500,000 | Yes (X) |
| W Ruh | ||||||
| 7 | 127 University Avenue | Berkeley | CA | 947101616 | $100,174 | Yes (X) |
| Cathy George Sakellaris Family Fd | ||||||
| 8 | 480 Randolph Ave | Milton | MA | 02186 | $50,000 | Yes (X) |
| James Schoonmaker II Foundation | ||||||
| 9 | PO Box 803878 | Chicago | IL | 60680 | $125,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Fees | CategoryTxt |
| Amt | $10,625 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $10,625 | DisbursementsCharitablePrpsAmt |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Paul Cayard | PersonNm |
| Short Explanation | Paul Cayard was reimbursed $19,714 for expenses he incurred on behalf of the Foundation. | ShortExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (25 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Bank of America Corp, 5.625%, 04/23/2027 | $9,514 | $9,514 |
| JPMorgan Chase & Co, 2.95% 10/01/2026 | $14,289 | $14,289 |
| Home Depot, 3.00%, 04/01/2026 | $14,535 | $14,535 |
| Metlife Inc, 3.60%, 04/10/2024 | $14,916 | $14,916 |
| Morgan Stanley, 2.50%, 04/21/2021 | $9,695 | $9,695 |
| Westpac Banking, 3.40% 01/25/2028 | $9,540 | $9,540 |
| Anthem Inc, 3.650% 12/01/2027 | $9,700 | $9,700 |
| Digital Realty Trust, 3.70% 08/15/2027 | $9,643 | $9,643 |
| Walt Disney Company/The, 2.0% 09/01/2029 | $8,873 | $8,873 |
| Abbvie Inc, 3.60% 05/14/2025 | $9,819 | $9,819 |
| Bristol-Myers Squibb, 2.80% 07/21/2021 | $13,324 | $13,324 |
| Capital One Financial, 3.75% 03/09/2027 | $9,548 | $9,548 |
| Chevron Corp, 1.554% 05/11/2025 | $9,589 | $9,589 |
| Comcast Corp, 4.15% 10/15/2028 | $9,861 | $9,861 |
| CVS Health Corp, 1.30% 08/21/2027 | $8,882 | $8,882 |
| Lowe's Cos Inc, 1.70% 10/15/2030 | $12,458 | $12,458 |
| Royal Bank of Canada, 1.20% 04/27/2026 | $9,238 | $9,238 |
| Bunge Ltd Finance Corp, 1.63% 08/17/2025 | $9,454 | $9,454 |
| Goldman Sachs Commodity, 2,015.81 Sh | $9,794 | $9,794 |
| Amazon.com, 3.6% 4/13/32 | $9,526 | $9,526 |
| AT&T, 6/11/31 | $8,767 | $8,767 |
| IBM Corp, 15000sh | $14,565 | $14,565 |
| Intel Corp, 5000sh | $5,223 | $5,223 |
| Intercontinental Exchange, 15000sh | $14,718 | $14,718 |
| Verizon Communications 3.150% | $4,570 | $4,570 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Equities - See Stock Statement | StockNm |
| EOY Book Value | $734,508 | EOYBookValueAmt |
| EOYFMV | $734,508 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $301,288 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $301,288 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| T Rowe Price Inst Emerg Mkt, 846.72 Sh | FMV | $27,104 | $27,104 |
| SBA Communications Corp, 32 Sh | FMV | $2,791 | $2,791 |
| T. Rowe Price Sm-Cap Stock Fd, 444.97 Sh | FMV | $25,821 | $25,821 |
| American Tower Corp, 37 Sh | FMV | $6,045 | $6,045 |
| Prologis Inc, 37 Sh | FMV | $5,065 | $5,065 |
| Tortoise Mlp& Pipeline Fund, 1,815.54 Sh | FMV | $25,817 | $25,817 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $181,215 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $163,015 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (18 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Bank Charges | $30 | $30 | |
| Dues & Subscriptions | $21,778 | $21,778 | |
| Event Expense | $8,141 | $8,141 | |
| Exchange Gain/Loss | $38 | $38 | |
| Insurance | $8,659 | $8,659 | |
| Misc | $225 | $225 | |
| Other | $35 | ||
| Outreach & Communications | $745 | $745 | |
| Postage & Delivery | $60 | $60 | |
| Sailing Program - Boat Expenses | $75,347 | $75,347 | |
| Sailing Program - Coaches Expenses | $117,835 | $117,835 | |
| Sailing Program - Coaches Travel | $115,238 | $110,013 | |
| Sailing Program - Consultants | $548,386 | $470,510 | |
| Sailing Program - Merchandise | $24,281 | $24,281 | |
| Sailing Program - Miscellaneous | $21,421 | $21,421 | |
| Storage | $2,244 | $2,244 | |
| Subscriptions & Publications | $250 | $250 | |
| Website | $299 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Event Income | Desc |
| Revenue And Expenses Per Books | $6,800 | RevenueAndExpensesPerBooksAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Cancellation of P/Y Grant Payable | Desc |
| Amt | $606,170 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Deferred Excise Tax Liability | Desc |
| BOY Book Value | $14,578 | BOYBookValueAmt |
| EOY Book Value | $14,578 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Investment Management Fees | $25,514 | $25,514 | $0 | $0 |
| Management Services | $100,570 | $25,143 | $0 | $75,427 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Foreign Tax W/H | $1,884 | $1,884 |
| Taxes | $95 |