The Surfing Heritage Foundation is dedicated to preserving the history of Surfing. We collect, preserve, and document surf craft, print, photos, oral histories, art, cinematography, and Surfing memorabilia for the appreciation and education of current and future generations.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $188K a year · 24% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $317K in investments, Pt X · Ln 11–13
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$453K
Spent
$451K
To programs
65%
Net assets
$4.5M
By yearFY2020–FY2025
Revenue
$453K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$453K
FY2021$2.0M
FY2022$637K
FY2023$281K
FY2024$428K
FY2025$860K
Expenses
$451K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$451K
FY2021$383K
FY2022$561K
FY2023$437K
FY2024$987K
FY2025$700K
Net assets
$4.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.5M
FY2021$6.1M
FY2022$6.2M
FY2023$6.1M
FY2024$5.5M
FY2025$5.7M

From the FY2020 Form 990 (year ending March 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $291K Management & general 33% · $147K Fundraising 3% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Exec Directo
$87,750Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Michael Izzi’s $93K as FMR Exec Dir is at the 85th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeff Alter$28,000$140,000————
Michael Izzi$93,333—$57,884———
Glenn Brumage————$68,192$87,750
Steve Morris———$85,023——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Surfing Heritage Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves surfing history by collecting and documenting surf craft, photos, and memorabilia.

Questions for Surfing Heritage Foundation

Tap to ask. Surfing Heritage Foundation sees how many people are interested.

Your first name shows with your question. Surfing Heritage Foundation answers here, for everyone.

2 programs · $291K · in their own filed words · FY2019
01

Surfing heritage and culture center (shacc) provides hosted and individual tours of its extensive historic surfboard archive and photo collection to students and surfing enthusiasts. We had approximately 7,500 visitors during the year and made several loans of pieces of shacc's archive to enhance other museums' exhibits.

$271Kprogram expense
02

Shacc is the recipient of the assets and trademark of the follow the light foundation. Follow the light was foundation set up by the family of a deceased surfing magazine photo editor to recognize young photographers.

$20Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$11.0M
Grants paid · 3 grants · $28K · 2019–2021
U S Board Riders ClubsCA · FY2021$10,000
Unitemized GrantFY2020$9,000
Unitemized GrantFY2019$9,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$453K
Ln 12
Gifts and grantsLn 1h$346K
Other incomeLn 4–11$61K
Fees for servicesLn 2g$40K
Money outPt IX
$451K
Ln 25
Programscol B$291K
Managementcol C$147K
Fundraisingcol D$13K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$203K
Total assetsLn 16$4.5M
LiabilitiesLn 26$17K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$346K
Fundraising eventsLn 1c$30K
Fees for servicesLn 2g$40K
Investment incomeLn 3$6K
Other incomeLn 4–11$61K
Total revenueLn 12$453K
Assets in detailPt X, end of year
CashLn 1$140K
SavingsLn 2$63K
Cash and savings togetherLn 1–2$203K
InvestmentsLn 11–13$317K
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$2.3M
Total assetsLn 16$4.5M
LiabilitiesLn 26$17K
Net assetsLn 32$4.5M
OperationsPt I, VI
EmployeesI 59
VolunteersI 612
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$180K$203K
InvestmentsLn 11–13$311K$317K
Land, buildings, equipmentLn 10c$1.8M$1.7M
Total assetsLn 16$4.5M$4.5M
LiabilitiesLn 26$18K$17K
Net assetsLn 32$4.5M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$9K$9K
Pay of current officers, directors and key staffLn 5$88K$22K$66K
Other salaries and wagesLn 7$131K$103K$28K
Other employee benefitsLn 9$7K$4K$3K
Payroll taxesLn 10$20K$11K$8K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$12K$9K$4K
Advertising and promotionLn 12$19K$4K$2K$13K
Office expensesLn 13$7K$5K$3K
Information technologyLn 14$7K$7K
OccupancyLn 16$49K$43K$7K
TravelLn 17$864$40$824
Conferences, conventions and meetingsLn 19$4K$150$3K
Depreciation, depletion and amortizationLn 22$38K$38K
InsuranceLn 23$13K$10K$3K
Other expenses (24a–d)Ln 24$25K$25K$71
All other expensesLn 24e$2K$1K$778
Total functional expensesLn 25$451K$291K$147K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 5, 2025 $860K$700K$160K$5.7M 990 PDF
FY2024Filed with the IRS Oct 17, 2024 $428K$987K−$560K$5.5M 990 PDF
FY2023Filed with the IRS Oct 13, 2023 $281K$437K−$156K$6.1M 990 PDF
FY2022Filed with the IRS Feb 10, 2023 $637K$561K$76K$6.2M 990 PDF
FY2021Filed with the IRS Feb 10, 2022 $2.0M$383K$1.6M$6.1M 990 PDF
FY2020 ViewingFiled with the IRS Jan 8, 2021 $453K$451K$2K$4.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $452,714 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $187,552$346,027
I-9 Program service revenuePrior year $49$39,641
I-10 Investment incomePrior year $6,835$5,941
I-11 Other revenuePrior year $149,520$61,105
I-12 Total revenuePrior year $343,956$452,714
I-13 Grants and similar amounts paid$9,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $249,113$245,455
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $200,261$196,534
I-18 Total expensesPrior year $449,374$450,989
I-19 Revenue less expensesPrior year −$105,418$1,725
Part VI · Governance 14 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $452,714 across 11 lines filed
Lines not itemized here account for $33,393 of total revenue; see the IRS return.
VIII-1b Membership dues$72,550
VIII-1c Fundraising events$29,760
VIII-1f All other contributions, gifts and grants$243,717
VIII-1h Total contributions, gifts and grants$346,027
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,641$39,641
VIII-3 Investment incomeExcluded from tax $5,941$5,941
VIII-5 RoyaltiesExcluded from tax $3,267$3,267
VIII-6 Net rental income or lossExcluded from tax $4,543$4,543
VIII-8 Net income from fundraising events$17,091
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,811$2,811
VIII-12 Total revenueRelated to mission $73,034 · Excluded from tax $16,562$452,714
Part IX · Statement of functional expenses $450,989 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $9,000$9,000
IX-5 Pay of current officers, directors and key staffPrograms $21,900 · Management $65,850$87,750
IX-7 Other salaries and wagesPrograms $102,916 · Management $27,716$130,632
IX-9 Other employee benefitsPrograms $4,245 · Management $3,183$7,428
IX-10 Payroll taxesPrograms $11,227 · Management $8,418$19,645
IX-11b Legal feesManagement $1,204$1,204
IX-11c Accounting feesManagement $17,431$17,431
IX-11g Other fees for servicesPrograms $8,654 · Management $3,601$12,255
IX-12 Advertising and promotionPrograms $4,339 · Management $2,277 · Fundraising $12,716$19,332
IX-13 Office expensesPrograms $4,776 · Management $2,700$7,476
IX-14 Information technologyPrograms $6,972$6,972
IX-16 OccupancyPrograms $42,506 · Management $6,908$49,414
IX-17 TravelPrograms $40 · Management $824$864
IX-19 Conferences, conventions and meetingsPrograms $150 · Management $3,480$3,630
IX-22 Depreciation, depletion and amortizationPrograms $37,612$37,612
IX-23 InsurancePrograms $10,117 · Management $2,810$12,927
IX-24 Other expenses (24a–d)Programs $25,171 · Management $71$25,242
IX-24e All other expensesPrograms $1,397 · Management $778$2,175
IX-25 Total functional expensesPrograms $291,022 · Management $147,251 · Fundraising $12,716$450,989
Part X · Balance sheet $4,538,327 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $6,836$140,291
X-2 Savings and temporary cash investmentsStart of year $172,730$62,754
X-8 Inventories for sale or useStart of year $34,572$37,249
X-10c Land, buildings and equipment, netStart of year $1,751,423$1,717,710
X-12 Other securitiesStart of year $310,697$316,614
X-15 Other assetsStart of year $2,261,196$2,263,709
X-16 Total assetsStart of year $4,537,693$4,538,327
X-17 Accounts payable and accrued expensesStart of year $3,380$2,234
X-25 Other liabilitiesStart of year $14,278$14,278
X-26 Total liabilitiesStart of year $17,658$16,512
X-27 Net assets without donor restrictionsStart of year $4,424,989$4,377,097
X-28 Net assets with donor restrictionsStart of year $95,046$144,718
X-32 Total net assets or fund balancesStart of year $4,520,035$4,521,815
X-33 Total liabilities and net assetsStart of year $4,537,693$4,538,327
Part XI · Reconciliation of net assets $4,521,815 net assets at year end
XI-1 Total revenue$452,714
XI-2 Total expenses$450,989
XI-3 Revenue less expenses$1,725
XI-4 Net assets at start of year$4,520,035
XI-8 Prior period adjustments$55
XI-10 Net assets at end of year$4,521,815

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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