The Guardsmen FY2023 filing

Public charity (501(c)(3)) San Francisco, CA Since 1947 EIN 94-1196194 NTEE O200
Revenue
$2.6M
▼ -10%
FY2023 · Pt VIII · Ln 12
Expenses
$2.5M
▲ +2%
FY2023 · Pt IX · Ln 25
Net assets
$8.1M
FY2023 · Pt X · Ln 32
To programs
43%
FY2023 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$2.6M
FY2023▼ -10%
Expenses
$2.5M
FY2023▲ +2%

Offers at-risk youth camp and scholarship opportunities.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
3 funders, incl. William Mead Regan Foundation
$21K in the latest grant year. Details →
Spent on programs?
43% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$1–10M
↓ -10% vs prior year Details →

Form 990 for the fiscal year ending September 2023 (IRS tax year 2022).


Offers at-risk youth camp and scholarship opportunities.

Founded
1947
Type
Public charity (501(c)(3)) · Youth Development
Location
San Francisco, CA
Website
www.guardsmen.org
Filings
5 on file (2020–2023)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Figures match the IRS filing checked 9/11/26 · see original: IRS
Provided by the organization

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Where the money goes · FY2023
Where spending went · Part IX cols B–D
Program services $0.43 Management & general $0.49 Fundraising $0.09
Program efficiency
43%
of spending reaches programs
Operating runway
49.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$9.5M
FY2023▲ +4%
Total liabilities
$1.3M
FY2023▼ -2%
Revenue less expensesPt I · Ln 19$109K
Total assetsPt X · Ln 16$9.5M
Program-expense ratioPt IX · col B43%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThe Guardsmen
EINHdr · item D94-1196194
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.guardsmen.org
Year of formationHdr · item L1947
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O200)
Ruling yearIRS BMFOct 1948

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
1st Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Guardsmen executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.1M of program spending, described in the organization's own filed words · FY2022.
01

Scholarship programthe guardsmen scholarship program was started in 1998 in an effort to provide a better education and a better chance in life to disadvantaged bay area youth. The program pays 50% of tuition, up to a maximum of $2,200 annually, for their recipients to attend a bay area private school.

$548Kprogram expense
02

Campership programeach summer the organization helps economically disadvantaged children and physically and emotionally challenged children from the greater bay area and from various ethnic backgrounds attend outdoor and overnight camp programs.

$463Kprogram expense
03

Other grantsthe guardsmen made the following donations during FY23: the olympic club foundation: 1,250; tree donation: 30,000; giants community foundation: 20,000; presidio 10k run signup donations: 3,061

$54Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$2.2M · 82%
Investment income$480K · 18%
Contributions & grants82%$2.2M
Investment income18%$480K
Total revenueLn 12$2.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.43 Management & general $0.49 Fundraising $0.09
Program services43%$1.1M
Management & general49%$1.2M
Fundraising9%$214K
Total functional expensesLn 25$2.5M

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$9.5M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$8.1M
Months of cash on handcomputed5.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.3M · Operating expenses (Pt IX) $2.5M · Less non-cash grants $486K · Cash operating expenses/yr $2.0M
49.7 months
Where the money goes
Program services
Program services $1.1M · Total expenses $2.5M
43%
Management & General
Management & general $1.2M · Total expenses $2.5M
49%
Fundraising
Fundraising $214K · Total expenses $2.5M
9%
Cost to raise $1
Fundraising expense (3-yr avg) $218K · Solicited contributions (3-yr avg) $2.1M
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.2M · Total revenue $2.6M
82%
Government reliance
Government grants — · Total revenue $2.6M
—
Earned-income share
Program service revenue $0 · Total revenue $2.6M
0%
Investment reliance
Investment income $480K · Total revenue $2.6M
+18%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.5M
0%
Growth & trend
Revenue growth (YoY)
This year $2.6M · Prior year $2.9M
-10%
Net-asset trend (YoY)
End of year $8.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.6M · Expenses $2.5M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $9.5M
—
Net-asset ratio
Net assets $8.1M · Total assets $9.5M
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $7.1M · Total assets (Pt X, ln 16) $9.5M
75%
People & payroll
Highest Reported Total Compensation
Individual Michael J Salcido · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $2.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $293K · Total expenses $2.5M
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 43%——
Overhead ratio 49%——
Fundraising cost ratio 10%——
Revenue growth -10%——
Investment management fee ratio 0.4%——

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$21K
See all 3 funders →
Grants paid · 122 grants · $4.6M · 2019–2024
Sacred Heart Cathedral PreparFY2024$44,000
Archbishop Riordan High SchooFY2024$41,800
Mission Dolores AcademyFY2024$37,400
De Marillac AcademyFY2024$35,200
Salesian High SchoolFY2024$30,800
St Peters SchoolFY2024$28,600
Giants Community FundCA · FY2024$25,000
Saint Raphael ChurchCA · FY2024$24,200
The Bishops Ranch CampCA · FY2024$20,000
Kolbe Academy and Trinity PreFY2024$19,800
Bishop Odowd High SchoolFY2024$19,800
See all 122 grants →

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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$1.9M revenue · ⤓ 990 PDF
FY2023$2.6M revenue · viewing · ⤓ 990 PDF
FY2022$2.9M revenue · ⤓ 990 PDF
FY2021$2.4M revenue · ⤓ 990 PDF
FY2020$2.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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