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
75 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
16 people listed on the 990; $68K paid to officers and key staff.
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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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.
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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
Your first name shows with your question. Surfing Heritage Foundation answers here, for everyone.
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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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $203K | $539K |
| InvestmentsLn 11–13 | $317K | $317K |
| Land, buildings, equipmentLn 10c | $1.7M | $2.9M |
| Total assetsLn 16 | $4.5M | $6.1M |
| LiabilitiesLn 26 | $17K | $17K |
| Net assetsLn 32 | $4.5M | $6.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $9K | $9K | ||
| Pay of current officers, directors and key staffLn 5 | $68K | $28K | $20K | $20K |
| Other salaries and wagesLn 7 | $56K | $45K | $10K | $949 |
| Other employee benefitsLn 9 | $6K | $3K | $1K | $946 |
| Payroll taxesLn 10 | $11K | $7K | $3K | $2K |
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $19K | $19K | ||
| Other fees for servicesLn 11g | $76K | $68K | $3K | $6K |
| Advertising and promotionLn 12 | $550 | $114 | $24 | $412 |
| Office expensesLn 13 | $9K | $8K | $709 | $416 |
| Information technologyLn 14 | $17K | $17K | ||
| OccupancyLn 16 | $41K | $40K | $1K | |
| TravelLn 17 | $594 | $287 | $307 | |
| Depreciation, depletion and amortizationLn 22 | $35K | $35K | ||
| InsuranceLn 23 | $17K | $15K | $2K | $416 |
| Other expenses (24a–d)Ln 24 | $16K | $14K | $322 | $1K |
| All other expensesLn 24e | $185 | $185 | ||
| Total functional expensesLn 25 | $383K | $289K | $63K | $32K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $860K | $700K | $160K | $5.7M | 990 PDF |
| FY2024 | $428K | $987K | −$560K | $5.5M | 990 PDF |
| FY2023 | $281K | $437K | −$156K | $6.1M | 990 PDF |
| FY2022 | $637K | $561K | $76K | $6.2M | 990 PDF |
| FY2021 Viewing | $2.0M | $383K | $1.6M | $6.1M | 990 PDF |
| FY2020 | $453K | $451K | $2K | $4.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,991,284 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 2 to look at
Part VIII · Statement of revenue $1,991,284 across 12 lines filed
Part IX · Statement of functional expenses $383,456 across 17 lines filed
Part X · Balance sheet $6,146,175 assets, 14 lines filed
Part XI · Reconciliation of net assets $6,129,643 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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