SAN FRANCISCO CHALLENGE: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- SAN FRANCISCO CHALLENGE (EIN 94-3242538)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-14
- IRS object ID
- 202513189349105556
- Schema version
- 2024v5.2
- 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
- Compensation Explanation
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-14T19:10:43-08:00 | ReturnTs |
| Tax Period End | 2024-12-31 | 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 | 111 Pine Street Suite 1750 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | 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 | 2025-11-14 | 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 | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $618,433 | 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 | $1,010,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $5,228 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5,228 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $5,228 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $28,511 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $28,511 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $28,511 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $258,540 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,234,880 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $258,540 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,302,279 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $292,279 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $33,739 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $978,734 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $978,734 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $135,610 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $45,610 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $90,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,264 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $1,225,722 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $1,225,272 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,341,330 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $45,610 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,294,006 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $151,750 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $210,250 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,493,080 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $45,610 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,504,256 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,190,801 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $246,669 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $33,739 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $460,772 | CashBOYAmt |
| Cash EOY | $176,375 | CashEOYAmt |
| Cash EOYFMV | $176,375 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $170,451 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $30,717 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $30,717 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $50,000 | AcctRcvblBOYAmt |
| Prepaid Expenses BOY | $32,797 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $19,960 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $19,960 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $301,288 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $83,740 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $83,740 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $734,508 | CorporateStockBOYAmt |
| Corporate Stock EOY | $119,843 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $119,843 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $260,041 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $129,059 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $129,059 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $92,643 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $58,739 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $58,739 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $2,102,500 | TotalAssetsBOYAmt |
| Total Assets EOY | $618,433 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $618,433 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $162,506 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $32,143 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $14,578 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $14,578 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $177,084 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $46,721 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $1,925,416 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $571,712 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,925,416 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $571,712 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,102,500 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $618,433 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,925,416 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,190,801 | ExcessRevenueOverExpensesAmt |
| Other Increases | $839 | OtherIncreasesAmt |
| Subtotal | $735,454 | SubtotalAmt |
| Other Decreases | $163,742 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $571,712 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Sale of Publicly Traded Securities | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2000-01-01 | AcquiredDt |
| Sold | 2024-12-31 | SoldDt |
| Gross Sales Price | $1,234,880 | GrossSalesPriceAmt |
| Cost Or Other Basis | $976,340 | CostOrOtherBasisAmt |
| Gain Or Loss | $258,540 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $258,540 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $258,540 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,429 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $3,429 | SubtotalAmt |
| Tax Based On Investment Income | $3,429 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,556 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $5,556 | TotalPaymentsAndCreditsAmt |
| Overpayment | $2,127 | OverpaymentAmt |
| Applied To ES Tax | $2,127 | 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 (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Nautik Performance LLC | |||||
| 127 University Avenue | Berkeley | CA | 947101616 | Sailing Coach | $289,639 |
| Charlie McKee | |||||
| 127 University Avenue | Berkeley | CA | 947101616 | Sailing Coach | $224,484 |
| Luther Carpenter | |||||
| 127 University Avenue | Berkeley | CA | 947101616 | Sailing Coach | $219,894 |
| The Media Company LLC | |||||
| 2443 Fillmore St Suite 201 | San Francisco | CA | 94115 | Communication Consult. | $125,000 |
| Gibson Dunn Crutcher LLP | |||||
| 333 South Grand Ave | Los Angeles | CA | 90071 | Legal Services | $917,674 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 1 | ContractorPaidOver50kCnt |
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 | $0 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $926,948 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $562,406 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,489,354 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $1,489,354 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $22,340 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,467,014 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $73,351 | 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 | $2,504,256 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $2,504,256 | 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 | $33,739 | CurrentYearAmt |
| Year1 | $45,147 | Year1Amt |
| Year2 | $53,331 | Year2Amt |
| Year3 | $70,640 | Year3Amt |
| Total | $202,857 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $28,678 | CurrentYearAmt |
| Year1 | $38,375 | Year1Amt |
| Year2 | $45,331 | Year2Amt |
| Year3 | $60,044 | Year3Amt |
| Total | $172,428 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,504,256 | CurrentYearAmt |
| Year1 | $1,467,262 | Year1Amt |
| Year2 | $555,069 | Year2Amt |
| Year3 | $518,111 | Year3Amt |
| Total | $5,044,698 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $210,250 | CurrentYearAmt |
| Year1 | $340,000 | Year1Amt |
| Year2 | $520,000 | Year2Amt |
| Year3 | $480,000 | Year3Amt |
| Total | $1,550,250 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,294,006 | CurrentYearAmt |
| Year1 | $1,127,262 | Year1Amt |
| Year2 | $35,069 | Year2Amt |
| Year3 | $38,111 | Year3Amt |
| Total | $3,494,448 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $48,901 | CurrentYearAmt |
| Year1 | $65,349 | Year1Amt |
| Year2 | $82,416 | Year2Amt |
| Year3 | $109,474 | Year3Amt |
| Total | $306,140 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (39 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| 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 | $1,500 |
| Anna Tobias | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $15,000 |
| Anna Weis | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,500 |
| Charlotte Rose | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $11,000 |
| Chapman Peterson | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trial | $3,500 |
| Christina Sakellaris | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,500 |
| Christopher Williford | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,500 |
| Danicka Sailer | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,500 |
| Daniel Escudero | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,500 |
| Duncan Williford | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,500 |
| Evan Heffernan | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $7,000 |
| Fiona W Wylde | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,250 |
| 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 | $3,500 |
| Gavin Ball | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,250 |
| Hans Henken | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $16,500 |
| JP Lattanzi | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,250 |
| Louisa Nordstrom | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,500 |
| Mac Agnese | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,500 |
| Nevin Snow | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $7,000 |
| Noah Runciman | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,500 |
| Paris Henken | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $15,000 |
| Pedro Pascual | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $5,000 |
| Sage Andrews | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,500 |
| Daniela Moroz | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $7,500 |
| Dominique Stater | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $12,500 |
| Ian Barrows | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $16,500 |
| Ian Nyenhuis | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,500 |
| LWB Sailing LLC | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $5,000 |
| Makani Andrews | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $7,000 |
| Mani Pahuatini | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,250 |
| Nico Martin | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | Olympic Trials | $750 | |
| Noah James Nyenhuis | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,500 |
| Noah Lyons | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $12,500 |
| Pearl Lattanzi | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $1,250 |
| Ravi Parent | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $4,750 |
| Thomas McCann | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,500 |
| Trevor Bornarth | |||||||
| 127 University Avenue | Berkeley | CA | 94710 | NONE | I | Olympic Trials | $3,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $210,250 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,228 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $28,511 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $258,540 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $292,279 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $292,279 | TotalIncomeProducingActyAmt |
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 (8 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 | $25,000 | Yes (X) |
| Hap Fauth | ||||||
| 3 | 127 University Avenue | Berkeley | CA | 947101616 | $50,000 | Yes (X) |
| Doug DeVos | ||||||
| 4 | 127 University Avenue | Berkeley | CA | 947101616 | $500,000 | Yes (X) |
| Doug Smith | ||||||
| 5 | 127 University Avenue | Berkeley | CA | 947101616 | $25,000 | Yes (X) |
| Robert Julien | ||||||
| 6 | 127 University Avenue | Berkeley | CA | 947101616 | $100,000 | Yes (X) |
| The Akin Family Foundation | ||||||
| 7 | 3040 Blake St 110 | Denver | CO | 80205 | $50,000 | Yes (X) |
| Tomas Nores | ||||||
| 8 | 127 University Avenue | Berkeley | CA | 947101616 | $10,000 | Yes (X) |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Paul Cayard | PersonNm |
| Short Explanation | Paul Cayard was reimbursed $5,179 for expenses he incurred on behalf of the Foundation. | ShortExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (15 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Bank of America Corp, 3.248%, 10/21/2027 | $9,638 | $9,638 |
| Morgan Stanley, 3.625% 1/20/27 | $9,818 | $9,818 |
| Westpac Banking, 3.40% 01/25/2028 | $9,627 | $9,627 |
| Anthem Inc, 3.650% 12/01/2027 | $9,728 | $9,728 |
| Digital Realty Trust, 3.70% 08/15/2027 | $9,721 | $9,721 |
| Walt Disney Company/The, 2.0% 09/01/2029 | $8,892 | $8,892 |
| Capital One Financial, 3.75% 03/09/2027 | $9,763 | $9,763 |
| Comcast Corp, 4.15% 10/15/2028 | $9,752 | $9,752 |
| CVS Health Corp, 1.30% 08/21/2027 | $9,061 | $9,061 |
| Royal Bank of Canada, 1.20% 04/27/2026 | $9,567 | $9,567 |
| Amazon.com, 3.6% 4/13/32 | $9,256 | $9,256 |
| AT&T, 6/11/31 | $4,349 | $4,349 |
| Intel Corp, 5.2% 2/10/33 | $4,834 | $4,834 |
| Fiserv Inc, 8/21/23 5.625% | $5,089 | $5,089 |
| Goldman Sachs Group, 3.75% 5/22/25 | $9,964 | $9,964 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Equities - See Stock Statement | StockNm |
| EOY Book Value | $119,843 | EOYBookValueAmt |
| EOYFMV | $119,843 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $83,740 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $83,740 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| T Rowe Price Inst Emerg Mkt, 502.76 Sh | FMV | $15,696 | $15,696 |
| T. Rowe Price Sm-Cap Stock Fd, 444.97 Sh | FMV | $25,020 | $25,020 |
| Tortoise Mlp& Pipeline Fund, 937.25 Sh | FMV | $18,023 | $18,023 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $978,734 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $978,734 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Bank Charges | $15 | $15 |
| Dues & Subscriptions | $29,226 | $29,226 |
| Event Expense | $450 | |
| Exchange Gain/Loss | $11 | $11 |
| Insurance | $20,997 | $20,997 |
| Marketing & Communication | $16,666 | $16,666 |
| Misc | $4,598 | $4,598 |
| Postage & Delivery | $283 | $283 |
| Sailing Program - Boat Expenses | $97,288 | $97,288 |
| Sailing Program - Coaches Expenses | $116,420 | $116,420 |
| Sailing Program - Coaches Travel | $94,346 | $94,346 |
| Sailing Program - Consultants | $792,808 | $792,808 |
| Sailing Program - Merchandise | $23,316 | $23,316 |
| Sailing Program - Miscellaneous | $18,981 | $18,981 |
| Software | $1,522 | $1,522 |
| Storage | $7,859 | $7,859 |
| Website | $936 | $936 |
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 | $15,610 | $15,610 | $0 | $0 |
| Management Services | $120,000 | $30,000 | $0 | $90,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Taxes | CategoryTxt |
| Amt | $1,264 | Amt |