The Dipsea Race Foundation

EIN: 680405142 501(c)(3) Recreation & Sports

Mill Valley, CA

Total Revenue
$82,675
Total Expenses
$106,515
Total Assets
$879,632
Net Assets
$879,632
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
CA
Principal Officer
Stephen B Tracy
Phone
4159901630
Tax Period
2025-01-01 to 2025-12-31

The Dipsea Race Foundation, founded in 1997, is a micro nonprofit in the Recreation & Sports sector that reported $83K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $107K exceeded revenue, resulting in a 29% operating deficit.

Mission

Preserve historic Dipsea tradition and encourage persons of all ages to appreciate and protect the Dipsea trail.

Program Service Accomplishments

Program 1
Expenses: $75,152

1. The Dipsea Kidz Program - a free running club held for young children after school at 2 seperate school sites in Marin County which have a large percentage of students that qualify for free lunch...

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1. The Dipsea Kidz Program - a free running club held for young children after school at 2 seperate school sites in Marin County which have a large percentage of students that qualify for free lunch. The programs run in the fall and include participation in county-wide cross country meets; including a 5k fun run to cap off the season. In the Spring, the program contnues and includes participation in county wide track meets and some of the runners continue to train for the Dipsea Race, a 7.5 mile trail run starting in Mill Valley over Mount Tamalpais ending in Stinson Beach. There are 50-60 student participants each season. Running shoes and running shirts are provided for those who cannot afford them, as well as snacks. This program also provides leadership roles as evidenced by runners who have gone on to run in high school have come back to mentor the younger runners.2. The Dipsea Race Foundation awarded 3 highly competitive college scholarships to deserving High school students in the amount of $5,000 each.3. The Dipsea Race Foundation performed maintenance on the Dipsea Trail including repairs and replacement railings on the Dipsea stairs at multiple locations.

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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 (2025)

Revenue Breakdown

Contributions & Grants $70,213
Program Service Revenue $10,700
Investment Income $1,762
Other Revenue $0
TOTAL REVENUE $82,675

Expense Breakdown

Grants Paid $15,100
Salaries & Benefits $25,000
Fundraising Expenses $2,120
Program Expenses $75,152
Other Expenses $66,415
TOTAL EXPENSES $106,515

Year-over-Year Comparison

2025 2024 Change
Revenue $82,675 $113,824 -0.3%
Expenses $106,515 $142,843 -0.3%
Net Income $-23,840 $-29,019 -0.2%
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
6
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
2
$1,000
Total Directors
6
$25,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leon Hunting Executive Dir. 25.00
Director
$24,000 $0 $24,000
Mervyn Regan President 5.00
Officer Director
$1,000 $0 $1,000
Louis Encalada Director 2.00
Officer Director
$0 $0 $0
Monica Farrar Secretary 2.00
Director
$0 $0 $0
Pauli Larsen Vice President 2.00
Director
$0 $0 $0
Stephen B Tracy Treasurer 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
2025 $82,675 $106,515 $879,632 $-23,840
2024 $113,824 $142,843 $903,472 $-29,019
2023 $49,020 $67,670 $932,491 $-18,650
2022 $118,340 $123,211 $951,141 $-4,871
2021 $34,866 $23,824 $956,012 $11,042
2020 $31,377 $55,571 $944,970 $-24,194
2019 $69,688 $57,243 $969,164 $12,445
2018 $157,141 $65,211 $956,719 $91,930
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