THE LONG BEACH SAILING FOUNDATION

EIN: 330528597 501(c)(3) Unknown

LONG BEACH, CA

Total Revenue
$443,935
Total Expenses
$289,849
Total Assets
$695,834
Net Assets
$680,807
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Phone
5625989401
Tax Period
2024-01-01 to 2024-12-31

THE LONG BEACH SAILING FOUNDATION, founded in 1990, is a small nonprofit in the Unknown sector that reported $444K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 35% operating margin.

Mission

The Long Beach Sailing Foundation mission is to encourage promote and support national and international amateur sailing maritime education and community sailing opportunities. This is accomplished by owning maintaining and managing a fleet of identical boats Catalina 37 sailboats which are used for all the programs. The Foundation also supports youth programs and volunteer coaches.

Program Service Accomplishments

Program 1
Expenses: $13,970 Revenue: $518,000

Using the sailboat fleet as a platform to provide: 1. Boating educating and training with participants exceeding 100 annually. 2.Team building programs for educational and corporate participants. 3...

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Using the sailboat fleet as a platform to provide: 1. Boating educating and training with participants exceeding 100 annually. 2.Team building programs for educational and corporate participants. 3. Middle School level STEM program based on US Sailing Reach Curriculum.

Program 2
Expenses: $158,725 Revenue: $109,650

Provide a sailboat fleet for organized national and international sailing events operated by local yacht clubs and sailing associations to include Congressional Cup Ficker Cup California Dreaming...

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Provide a sailboat fleet for organized national and international sailing events operated by local yacht clubs and sailing associations to include Congressional Cup Ficker Cup California Dreaming Series Butler Cup Long Beach Race Week Linda Elias Memorial One Design Challenge and Harbor Cup Intercollegiate Regatta.

Program 3
Expenses: $20,681 Revenue: $176,112

Facilitate Maritime education and sailing for amateur sailors at risk youth community at large and active-duty military and first responders.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $245,908
Program Service Revenue $201,690
Investment Income $-3,663
Other Revenue $0
TOTAL REVENUE $443,935

Expense Breakdown

Grants Paid $37,677
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $289,849
Other Expenses $252,172
TOTAL EXPENSES $289,849

Year-over-Year Comparison

2024 2023 Change
Revenue $443,935 $242,731 +0.8%
Expenses $289,849 $266,467 +0.1%
Net Income $154,086 $-23,736 -7.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Douglas Bower Chairman 10.00
Officer Director
$0 $0 $0
Mary Voigt Vice Chairman 20.00
Officer Director
$0 $0 $0
Laura Utterback Secretary 5.00
Officer Director
$0 $0 $0
Carling Freeborn Director 2.00
Director
$0 $0 $0
Blair Carty Treasurer 2.00
Officer Director
$0 $0 $0
Christy Smithern Director 2.00
Director
$0 $0 $0
Jane Hoffner Director 2.00
Director
$0 $0 $0
Tom Camp Director 2.00
Director
$0 $0 $0
Karen Campbell Director 2.00
Director
$0 $0 $0
Marilyn Cassedy Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $443,935 $289,849 $695,834 $154,086
2023 $242,731 $266,467 $542,148 $-23,736
2022 $385,393 $292,424 $565,282 $92,969
2019 $221,741 $208,453 $448,379 $13,288
2018 $294,269 $240,036 $412,415 $54,233
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