Operation Surf EIN 26-3661313

Operation Surf FY2021 filing

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Offers adaptive surfing to wounded military and underserved communities. For fiscal year 2021 it reported $556K in revenue, $619K in expenses, and $225K 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 (2020–2021)
Revenue
$556KFY2021
Expenses
$619K
Net assets
$225K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-3661313 Public charity (501(c)(3)) Sn Luis Obisp, CA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Offers adaptive surfing to wounded military and underserved communities.
Leadership
Brent Edwards · Board Member
Money in and out
$556K revenue, $619K expenses
Bottom line
76% program efficiency
Where the money goes · FY2021
Total revenue
$556K
Pt VIII · Ln 12
Total expenses
$619K
Pt IX · Ln 25
Net assets
$225K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$63K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.15 Fundraising $0.09
Program efficiency
76%
of spending reaches programs
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$556K
FY2021▲ +47%
Expenses
$619K
FY2021▲ +44%
Total assets
$225K
FY2021▼ -31%
Total liabilities
$170
FY2021▼ -100%
Total revenue
$556K
Pt VIII · Ln 12
Total expenses
$619K
Pt IX · Ln 25
Net assets
$225K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$63K
Total assetsPt X · Ln 16$225K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $471K of program spending, described in the organization's own filed words · FY2021.
01

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

$471Kprogram 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 1a6
Independent voting membersPt VI · Ln 1b6
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
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
Secretary
$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$472K · 85%
Other revenue$83K · 15%
Contributions & grants85%$472K
Other revenue15%$83K
Investment income$6
— government grantsLn 1e$39K
Total revenueLn 12$556K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.15 Fundraising $0.09
Program services76%$471K
Management & general15%$94K
Fundraising9%$54K
Total functional expensesLn 25$619K

Balance Sheet

Part X · end of year
CashLn 1$205K
Total assetsLn 16$225K
Total liabilitiesLn 26$170
Total net assetsLn 32$225K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $205K · Operating expenses/yr $619K
4.0 months
Where the money goes
Program services
Program services $471K · Total expenses $619K
76%
Management & General
Management & general $94K · Total expenses $619K
15%
Fundraising
Fundraising $54K · Total expenses $619K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $40K · Solicited contributions (2-yr avg) $360K
$0.11 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $472K · Total revenue $556K
85%
Government reliance
Government grants $39K · Total revenue $556K
7%
Earned-income share
Program service revenue $0 · Total revenue $556K
0%
Investment reliance
Investment income $6 · Total revenue $556K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $619K
0%
Growth & trend
Revenue growth (YoY)
This year $556K · Prior year $378K
+47%
Net-asset trend (YoY)
End of year $225K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $556K · Expenses $619K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $225K
Net-asset ratio
Net assets $225K · Total assets $225K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $225K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brent Edwards · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $619K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $253K · Total expenses $619K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 15%
Fundraising cost ratio 12%
Revenue growth 47%
Accounting fee ratio 3%

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 · ⤓ 990 PDF
FY2023$774K revenue · ⤓ 990 PDF
FY2022$592K revenue · ⤓ 990 PDF
FY2021$556K revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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