Civic Intelligence

Los Angeles Sailing Foundation

EIN 26-3550483 • 501(c)3 • San Pedro, CA

Profile

Our foundation has been established to support the sport of sailing and to promote the stewardship of the marine environment. We reach out to youth and to those who would not normally have access to sailing and marine experience by offering sailing scholarships, education, and by supporting relevant programs and organizations.

285 Whalers WalkSan Pedro, CA 90731

layc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

56th percentile

4.6%

Higher net margin than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

55th percentile

0.1%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

58th percentile

5.1%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$115,334

Up $1,588 (+1.4%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$115,334

Up $1,588 (+1.4%) from 2023

Revenue

Up

$34,730

Up $580 (+1.7%) from 2023

Expenses

Down

$33,142

Down $2,317 (-6.5%) from 2023

Net Income

Up

$1,588

Up $2,897 (+221%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2014: $25,075Net Assets 2014: $25,0752014Assets 2015: $31,038Net Assets 2015: $31,0382015Assets 2016: $32,583Net Assets 2016: $32,5832016Assets 2017: $68,761Net Assets 2017: $68,7612017Assets 2018: $77,996Net Assets 2018: $77,9962018Assets 2019: $102,083Net Assets 2019: $102,0832019Assets 2020: $107,500Net Assets 2020: $107,5002020Assets 2021: $101,496Net Assets 2021: $101,4962021Assets 2022: $115,055Net Assets 2022: $115,0552022Assets 2023: $113,746Net Assets 2023: $113,7462023Assets 2024: $115,334Net Assets 2024: $115,3342024

Highlighted filing

2024

Assets$115,334
Liabilities-
Net Assets$115,334

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2014: $6,349Expenses 2014: $30,764Net Income 2014: -$24,4152014Revenue 2015: $36,364Expenses 2015: $30,401Net Income 2015: $5,9632015Revenue 2016: $35,231Expenses 2016: $33,686Net Income 2016: $1,5452016Revenue 2017: $57,476Expenses 2017: $36,298Net Income 2017: $21,1782017Revenue 2018: $50,184Expenses 2018: $40,949Net Income 2018: $9,2352018Revenue 2019: $59,704Expenses 2019: $35,617Net Income 2019: $24,0872019Revenue 2020: $32,590Expenses 2020: $27,173Net Income 2020: $5,4172020Revenue 2021: $5,106Expenses 2021: $11,110Net Income 2021: -$6,0042021Revenue 2022: $31,435Expenses 2022: $17,876Net Income 2022: $13,5592022Revenue 2023: $34,150Expenses 2023: $35,459Net Income 2023: -$1,3092023Revenue 2024: $34,730Expenses 2024: $33,142Net Income 2024: $1,5882024

Highlighted filing

2024

Revenue$34,730
Expenses$33,142
Net Income$1,588

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 22, 2025
Return Version
2024v5.1
Gross Receipts
$35,803
Mission and Program Overview

Mission

Our foundation has been established to support the sport of sailing and to promote the stewardship of the marine environment. We reach out to youth and to those who would not normally have access to sailing and marine experience by offering sailing scholarships, education, and by supporting relevant programs and organizations.

Program Services

DescriptionGrantsExpenses
DURING 2024 THE LOS ANGELES SAILING FOUNDATION MADE GRANTS TO THE LOS ANGELES YACHT CLUB TO SUPPORT THE BOATS OWNED BY LOS ANGELES SAILING FOUNDATION AND CHARTERED TO LOS ANGELES YACHT CLUB FOR USE IN ITS COMMUNITY SAILING AND AS A SAILING PROGRAMS.IN ADDITION THE FOUNDATION SUPPORTS THE POLA HARBOR CUP AND CUP REGATA .$29,780$29,780
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERRANCE BROWNPresident-$0--
BILL ROGERSDirector-$0--
JAMES MORGANDirector-$0--
MALCOLM D MCDUFFIETreasurer/Secre-$0--
MIKE SHOOKDirector-$0--
DAVID CALLOWAYDirector-$0--
SAGE MARIEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Los Angeles Sailing Foundation
EIN
26-3550483
Phone
3108311203
Address
285 WHALERS WALK, SAN PEDRO, CA 90731

Signing Officer

Name
Malcolm D Mcduffie
Title
Treasurer
Signed
2025-05-22
Discuss with paid preparer
Yes

Preparer

Firm
Charles McDonough Accountancy Corp
Address
2790 Skypark Dr Ste 306, Torrance, CA 90505
Preparer
Gregory G Wilson CPA
Phone
3105409559
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.5

Class of Activity: CHARITABLE & EDUCATIONAL | Donee's Name: LA YACHT CLUB /HARBOR CUP REGATTA | Donee's Address: 285 WHALERS WALK SAN PEDRO CA 90731 | Relationship of Donee: NONE | Cash Amount Given: $29780

Other Expenses.1009

Depreciation $1162

Other Expenses.1

BANK SERV CHARGES $600

Other Expenses.2

Department of justice $25

Other Assets.1003

Machinery and Equipment - Beginning $4711 Machinery and Equipment - Ending $2476

Other Assets.1

COLLECTIBLES TROPHIES ETC - Beginning $30025 COLLECTIBLES TROPHIES ETC - Ending $30025

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0OUR FOUNDATION HAS BEEN ESTABLISHED TO SUPPORT THE SPORT OF SAILING AND TO PROMOTE THE STEWARDSHIP OF THE MARINE ENVIRONMENT. WE REACH OUT TO YOUTH AND TO THOSE WHO WOULD NOT NORMALLY HAVE ACCESS TO SAILING AND MARINE EXPERIENCE BY OFFERING SAILING SCHOLARSHIPS, EDUCATION, AND BY SUPPORTING RELEVANT PROGRAMS AND ORGANIZATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DURING 2024 THE LOS ANGELES SAILING FOUNDATION MADE GRANTS TO THE LOS ANGELES YACHT CLUB TO SUPPORT THE BOATS OWNED BY LOS ANGELES SAILING FOUNDATION AND CHARTERED TO LOS ANGELES YACHT CLUB FOR USE IN ITS COMMUNITY SAILING AND AS A SAILING PROGRAMS.IN ADDITION THE FOUNDATION SUPPORTS THE POLA HARBOR CUP AND CUP REGATA .
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: CHARITABLE & EDUCATIONAL | Donee's Name: LA YACHT CLUB /HARBOR CUP REGATTA | Donee's Address: 285 WHALERS WALK SAN PEDRO CA 90731 | Relationship of Donee: NONE | Cash Amount Given: $29780
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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No mirrored PDF or thumbnail assets are attached yet.