Surfing America Inc in San Clemente, California (CA)
Table of contents:
| Surfing America Inc | |
| Employer Identification Number (EIN) | 330926505 |
| Name of Organization | Surfing America Inc |
| In Care of Name | Michael Gerard |
| Address | 555 N El Camino Real, San Clemente, CA 92672-6740 |
| Subsection | Educational Organization |
| Ruling Date | 03/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $21,879 |
| Amount of Income | $405,214 |
| Form 990 Revenue Amount | $389,814 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2011: $405,214 (it was $667,492 in 2010)
| This organization: | $405,214 |
| Other organizations performing similar types of work: | $180,651 |
Assets in 2011: $21,879 (it was $71,346 in 2010)
| Surfing America Inc: | $21,879 |
| Other organizations performing similar types of work: | $105,708 |
Expenses in 2011: $572,428
| This organization: | $572,428 |
| Other organizations performing similar types of work: | $154,631 |
Income to expenses ratio in 2011: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.1 |
Number of employees in 2011: 2
| This organization: | 2 |
| Other organizations performing similar types of work: | 21 |
Grants share in income in 2011: 57.4%
| This organization: | 57.4% |
| Other organizations performing similar types of work: | 5.8% |
Revenue for 2011
Functional expenses for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $389,814 |
| Contributions, Gifts, Grants and Other Similar Amounts | $223,722 |
| Program Service Revenue | $149,855 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $0 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $5,000 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $11,152 |
| Gross income from fundraising events | $26,552 |
| Less: direct expenses | $15,400 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $85 |
| Gross sales of inventory, less returns and allowances | $85 |
| Less: cost of goods sold | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $572,428 |
| Compensation of current officers, directors, trustees, and key employees | $62,250 |
| Other salaries and wages | $648 |
| Payroll taxes | $3,775 |
| Professional fundraising services | $0 |
| Other | $505,755 |
| Balance Sheet (for 2011) | |
| Total assets | $21,879 |
| Total liabilities | $366,107 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $212,400 |
| Other | $153,707 |
| Total net assets or fund balances | $-344,228 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total support | $3,132,569 |
| Gifts, grants, contributions, and membership fees received | $2,618,096 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $514,464 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $9 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Orinda Park Inc | PO BOX 32, Orinda, CA 94563-0032 | CA | 1945-03 | $961,639 |
| 2 | Fairbrae Swim And Racquet Club | 696 Sheraton Dr, Sunnyvale, CA 94087-2425 | CA | 1985-04 | $433,507 |
| 3 | Larkey All Year Swim Club | 1547 Palos Verdes Mall 169, Walnut Creek, CA 94597-2228 | CA | 1959-11 | $234,333 |
| 4 | Riverside Aquettes Swim Club | PO BOX 2294, Riverside, CA 92516-2294 | CA | 1985-10 | $207,731 |
| 5 | Tamalpais Aquatic Masters | PO BOX 150516, San Rafael, CA 94915-0516 | CA | 1984-12 | $52,754 |
| 6 | Little Fishing Creek Area Swimming Pool | Millville, PA 17846 | PA | $41,968 | |
| 7 | Team Phoenix Aquatics Inc | Danville, IL 61834 | IL | $40,899 | |
| 8 | Durham Area Swimming Association | Po Box 606, Durham, CA 95938 | CA | 1999-01 | $29,752 |
| 9 | Rancho Bernardo Swim Club | Po Box 27402, San Diego, CA 92198 | CA | 1974-08 | $23,356 |
| 10 | Surfing America Inc | 555 N El Camino Real, San Clemente, CA 92672-6740 | CA | 2003-03 | $405,214 |
| 11 | Womens International Match Race Association Inc | 15 Margarita Dr, San Rafael, CA 94901-2325 | CA | 2008-02 | $307,756 |
| 12 | Salmon Bay Aquatics Inc | 2419-3 Ave W, Seattle, WA 98119 | WA | 1999-04 | $215,598 |
| 13 | University Swim Club Inc | 18707 Lomond Blvd, Shaker Hts, OH 44122 | OH | 2009-06 | $155,787 |
| 14 | Bahia Sail Racing Association | C/O Bcyc 1601 Bayside Drive, Corona Del Mar, CA 92625 | CA | 2008-03 | $83,462 |
| 15 | Colorado White Water Association | 455 Sherman St Suite 300, Denver, CO 80203 | CO | 1997-04 | $0 |
| 16 | Golden Bear Water Polo | 54 Michael Lane, Orinda, CA 94563 | CA | 2003-04 | $0 |
| 17 | Jetsporters Association Of Minnesota | 35468 Silver Sands Rd, Pequot Lakes, MN 56472-2579 | MN | 1999-07 | $0 |
| 18 | Marathon Youth Sailing Inc | 58417 Morton St, Marathon, FL 33050 | FL | 2008-02 | $0 |
| 19 | Port Indian Civic & Boating Association Inc | 743 Port Indian Road, Norristown, PA 19403 | PA | 1981-07 | $0 |
| 20 | Riverside Swimming Club Company | Po Box 371, Greenup, KY 41144 | KY | 2009-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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