Operation Surf EIN 26-3661313

Operation Surf

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Offers adaptive surfing to wounded military and underserved communities. For fiscal year 2024 it reported $797K in revenue, $838K in expenses, and $235K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Sn Luis Obisp, CA
Website
www.operationsurf.org
Filings
5 on file (2020–2024)
Revenue
$797KFY2024
Expenses
$838K
Net assets
$235K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-3661313 Public charity (501(c)(3)) Sn Luis Obisp, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers adaptive surfing to wounded military and underserved communities.
Leadership
David Blair · Chairman
Money in and out
$797K revenue, $838K expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$797K
Pt VIII · Ln 12
Total expenses
$838K
Pt IX · Ln 25
Net assets
$235K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$41K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program efficiency
78%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
3.3mo
months of highly liquid reserves at operating expense rate▼ -30% vs prior filing year
Surplus margin
-5%
revenue over expenses, this year▼ -149% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$797K
FY2024▲ +3%
Expenses
$838K
FY2024▲ +21%
Total assets
$235K
FY2024▼ -15%
Total liabilities
$236
FY2024▼ -62%
Total revenue
$797K
Pt VIII · Ln 12
Total expenses
$838K
Pt IX · Ln 25
Net assets
$235K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$41K
Total assetsPt X · Ln 16$235K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $654K of program spending, described in the organization's own filed words · FY2024.
01

Operation surf directly benefits wounded and disabled active duty military and veterans along with their spouses by providing them with alternative recreational options (surfing).

$654Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COperation Surf
EINHdr · item D26-3661313
Principal addressHdr · item CSn Luis Obisp, CA
WebsiteHdr · item Jwww.operationsurf.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E99)
Ruling yearIRS BMFAug 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$767K · 96%
Other revenue$30K · 4%
Contributions & grants96%$767K
Other revenue4%$30K
Investment income$172
Total revenueLn 12$797K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program services78%$654K
Management & general16%$131K
Fundraising6%$53K
Total functional expensesLn 25$838K

Balance Sheet

Part X · end of year
CashLn 1$232K
Total assetsLn 16$235K
Total liabilitiesLn 26$236
Total net assetsLn 32$235K
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $232K · Operating expenses/yr $838K
3.3 months
Where the money goes
Program services
Program services $654K · Total expenses $838K
78%
Management & General
Management & general $131K · Total expenses $838K
16%
Fundraising
Fundraising $53K · Total expenses $838K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $50K · Solicited contributions (3-yr avg) $691K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $767K · Total revenue $797K
96%
Government reliance
Government grants — · Total revenue $797K
Earned-income share
Program service revenue $0 · Total revenue $797K
0%
Investment reliance
Investment income $172 · Total revenue $797K
+0.02%
Program self-sufficiency
Program service revenue $0 · Total expenses $838K
0%
Growth & trend
Revenue growth (YoY)
This year $797K · Prior year $774K
+3%
Revenue CAGR
FY2020 $378K · FY2024 $797K
+21%
Net-asset trend (YoY)
End of year $235K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $797K · Expenses $838K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $235K
Net-asset ratio
Net assets $235K · Total assets $235K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $235K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Blair · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $838K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $426K · Total expenses $838K
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 16%
Fundraising cost ratio 7%
Revenue growth 3%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$12K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$797K revenue · viewing · ⤓ 990 PDF
FY2023$774K revenue · ⤓ 990 PDF
FY2022$592K revenue · ⤓ 990 PDF
FY2021$556K revenue · ⤓ 990 PDF
FY2020$378K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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