St Francis Sailing Foundation FY2020 filing

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The Foundation supports the training, development and participation of amateur sailors in national and international competition, and supports youth engagement and disabled access to the sport of Sailing.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-2956977) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $257K a year · 34% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
10.9 mo
of spending, in cash
Plus $6.4M in investments, Pt X · Ln 11–13
10.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $21K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$508K
Spent
$447K
To programs
90%
Net assets
$6.9M
By yearFY2020–FY2024
Revenue
$508K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$508K
FY2021$945K
FY2022$1.2M
FY2023$461K
FY2024$642K
Expenses
$447K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$447K
FY2021$603K
FY2022$386K
FY2023$560K
FY2024$450K
Net assets
$6.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.9M
FY2021$7.7M
FY2022$7.1M
FY2023$7.7M
FY2024$8.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1985.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $403K Management & general 10% · $44K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See St Francis Sailing 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 15aNo

Programs and updates

Supports amateur sailors in competition and promotes youth and disabled access to sailing.

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1 program · $403K · in their own filed words · FY2020
01

Statement of Program Service Accomplishments

The ST. Francis sailing foundation provides support to promising young sailors just beginning their competitive sailing careers and advanced competitive sailors in the national and international competition.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-2956977) · Dispute this line
$403Kprogram 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
OneocFY2024$15K
Total grants receivedfrom 2 funders$21K
Grants paid · 19 grants · $1.9M · 2020–2024
Unitemized GrantFY2024$253,180
St Francis Yacht ClubCA · FY2024$40,000
Unitemized GrantFY2023$308,389
St Francis Yacht ClubCA · FY2023$65,000
The San Francisco Yacht ClubCA · FY2023$11,000
Unitemized GrantFY2022$241,070
St Francis Yacht ClubCA · FY2022$17,948
Unitemized GrantFY2021$214,712
St Francis Yacht ClubCA · FY2021$30,300
Alameda Community Sailing CenterCA · FY2021$10,000
Unitemized GrantFY2020$260,300
St Francis Yacht ClubCA · FY2020$35,000
See all 19 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$508K
Ln 12
Gifts and grantsLn 1h$489K
Investment incomeLn 3$219K
Other incomeLn 4–11$19K
Money outPt IX
$447K
Ln 25
Programscol B$403K
Managementcol C$44K
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$406K
Total assetsLn 16$6.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$489K
Fundraising eventsLn 1c$123K
Investment incomeLn 3$219K
Other incomeLn 4–11$19K
Gains on assetsLn 7−$273K
Total revenueLn 12$508K
Assets in detailPt X, end of year
SavingsLn 2$406K
Cash and savings togetherLn 1–2$406K
Accounts receivableLn 4$48K
Land, buildings, equipmentLn 10c$17K
InvestmentsLn 11–13$6.4M
Other assetsLn 15$57K
Total assetsLn 16$6.9M
LiabilitiesLn 26$0
Net assetsLn 32$6.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 634
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$6K
Share of the $3.4M endowmentSch D 1g0.18%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$3.4M$3.4M$2.8M$3.4M$3.0M
AddedLn 1b$27K$1.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$281K$406K
InvestmentsLn 11–13$5.7M$6.4M
Land, buildings, equipmentLn 10c$71K$17K
Total assetsLn 16$6.2M$6.9M
LiabilitiesLn 26$45K$0
Net assetsLn 32$6.1M$6.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$85K$85K
Grants to domestic individualsLn 2$260K$260K
Accounting feesLn 11c$36K$36K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$713$235$478
Depreciation, depletion and amortizationLn 22$54K$54K
InsuranceLn 23$831$831
Total functional expensesLn 25$447K$403K$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $642K$450K$192K$8.1M 990 PDF
FY2023Filed with the IRS Nov 12, 2024 $461K$560K−$100K$7.7M 990 PDF
FY2022Filed with the IRS Nov 11, 2023 $1.2M$386K$792K$7.1M 990 PDF
FY2021Filed with the IRS Oct 31, 2022 $945K$603K$342K$7.7M 990 PDF
FY2020 ViewingFiled with the IRS Nov 12, 2021 $508K$447K$61K$6.9M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $508,119 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $390,936$488,719
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $164,594−$54,185
I-11 Other revenuePrior year $70,903$73,585
I-12 Total revenuePrior year $626,433$508,119
I-13 Grants and similar amounts paidPrior year $306,429$345,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $109,899$101,531
I-18 Total expensesPrior year $416,328$447,031
I-19 Revenue less expensesPrior year $210,105$61,088
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $508,119 across 7 lines filed
VIII-1c Fundraising events$123,200
VIII-1f All other contributions, gifts and grants$365,519
VIII-1h Total contributions, gifts and grants$488,719
VIII-3 Investment incomeExcluded from tax $219,290$219,290
VIII-7 Net gain or loss on sales of assetsRelated to mission −$273,475−$273,475
VIII-8 Net income from fundraising eventsExcluded from tax $73,585$73,585
VIII-12 Total revenueRelated to mission −$273,475 · Unrelated business $0 · Excluded from tax $292,875$508,119
Part IX · Statement of functional expenses $447,031 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $85,200$85,200
IX-2 Grants to domestic individualsPrograms $260,300$260,300
IX-11c Accounting feesManagement $36,338$36,338
IX-11f Investment management feesManagement $6,286$6,286
IX-11g Other fees for servicesPrograms $3,320$3,320
IX-13 Office expensesPrograms $235 · Management $478$713
IX-22 Depreciation, depletion and amortizationPrograms $54,043$54,043
IX-23 InsuranceManagement $831$831
IX-25 Total functional expensesPrograms $403,098 · Management $43,933 · Fundraising $0$447,031
Part X · Balance sheet $6,941,974 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $281,373$405,663
X-4 Accounts receivableStart of year $61,047$48,028
X-10c Land, buildings and equipment, netStart of year $71,321$17,278
X-12 Other securitiesStart of year $5,699,440$6,414,484
X-15 Other assetsStart of year $56,521$56,521
X-16 Total assetsStart of year $6,174,702$6,941,974
X-26 Total liabilitiesStart of year $45,345$0
X-27 Net assets without donor restrictionsStart of year $2,745,617$3,522,211
X-28 Net assets with donor restrictionsStart of year $3,383,740$3,419,763
X-32 Total net assets or fund balancesStart of year $6,129,357$6,941,974
X-33 Total liabilities and net assetsStart of year $6,174,702$6,941,974
Part XI · Reconciliation of net assets $6,941,974 net assets at year end
XI-1 Total revenue$508,119
XI-2 Total expenses$447,031
XI-3 Revenue less expenses$61,088
XI-4 Net assets at start of year$6,129,357
XI-5 Net unrealized gains (losses) on investments$751,529
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,941,974

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

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