Civic Intelligence

Sima Environmental Fund

990 • Fiscal year 2015 • EIN 31-1479679

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

27831 la paz roadlaguna niguel, CA 92677

(949) 366-1164

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.09x

Higher debt load relative to assets than 59% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

41st percentile

0.02x

Higher debt load relative to revenue than 41% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$185,400

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 58.1% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$69,038

No earlier filing loaded for comparison.

Net Assets

$62,818

No earlier filing loaded for comparison.

Liabilities

$6,220

No earlier filing loaded for comparison.

Revenue

$319,102

No earlier filing loaded for comparison.

Expenses

$353,437

No earlier filing loaded for comparison.

Net Income

-$34,335

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2015: $69,038Liabilities 2015: $6,220Net Assets 2015: $62,8182015Assets 2016: $59,136Liabilities 2016: $11,021Net Assets 2016: $48,1152016Assets 2017: $69,649Liabilities 2017: $28,231Net Assets 2017: $41,4182017Assets 2018: $364,079Liabilities 2018: $278,270Net Assets 2018: $85,8092018Assets 2019: $211,117Liabilities 2019: $20,771Net Assets 2019: $190,3462019Assets 2020: $65,653Liabilities 2020: $21,746Net Assets 2020: $43,9072020Assets 2021: $85,280Liabilities 2021: $13,000Net Assets 2021: $72,2802021Assets 2022: $97,492Liabilities 2022: $12,000Net Assets 2022: $85,4922022

Highlighted filing

2015

Assets$69,038
Liabilities$6,220
Net Assets$62,818

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $319,102Expenses 2015: $353,437Net Income 2015: -$34,3352015Revenue 2016: $290,872Expenses 2016: $305,575Net Income 2016: -$14,7032016Revenue 2017: $209,370Expenses 2017: $216,067Net Income 2017: -$6,6972017Revenue 2018: $382,729Expenses 2018: $338,338Net Income 2018: $44,3912018Revenue 2019: $570,290Expenses 2019: $467,966Net Income 2019: $102,3242019Revenue 2020: $114,628Expenses 2020: $221,067Net Income 2020: -$106,4392020Revenue 2021: $459,943Expenses 2021: $440,090Net Income 2021: $19,8532021Revenue 2022: $455,716Expenses 2022: $442,504Net Income 2022: $13,2122022

Highlighted filing

2015

Revenue$319,102
Expenses$353,437
Net Income-$34,335
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$744,562
Mission and Program Overview

Mission

The specific purpose of this corporation is to server as the environmental arm of the surf industry manufactures association ("sima") by raising money from the public through fundraisers and solicitations and using such funds to promote and support ecological and environmental organizations.

Promotes and supports ocean-related ecological and environmental organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$97,153$62,818▼ $34,335
Accounts Receivable$27,625$45,000▲ $17,375
Cash and Non-Interest-Bearing Accounts$47,603$12,837▼ $34,766
Savings and Temporary Cash Investments$6,775$6,776▲ $1
Prepaid Expenses and Deferred Charges$16,590$4,425▼ $12,165
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$98,593$69,038▼ $29,555
Liabilities
Accounts Payable and Accrued Expenses$1,440$6,220▲ $4,780
Total Liabilities$1,440$6,220▲ $4,780
Net Assets / Fund Balance
Total Net Assets Fund Balance$97,153$62,818▼ $34,335
Total Liabilities and Net Assets / Fund Balance$98,593$69,038▼ $29,555
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul NaudeCEO/president
Beto BedolfedIRECTOR
Chris EvansdIRECTOR
Scott DaleyDirector
Sean SmithExecutive Director
Dave GilovichCFO/treasurer
Bob Mignognasecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$416,983
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-97,881
Change in Net Assets
$-34,335

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$43,575comparables
Other Non Cash Contri Table1$8,500comparables
Other Non Cash Contri Table1$5,500comparables
Other Non Cash Contri Table1$5,000comparables
Total Noncash Contributions4$62,575-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$311,000
Professional Fundraising Fees$34,101
Total Fundraising Expense$34,101
Other Expenses$8,336
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$311,000--$311,000
Fees for Services Professional Fundraising--$34,101$34,101
Fees for Services Accounting-$3,150-$3,150
Conferences and Meetings$2,274--$2,274
Travel$956--$956
Other Expenses$143--$143
Total Functional Expenses$316,186$3,150$34,101$353,437
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Surfrider FoundationSan Clemente, CA501 (c) (3)Enable grassroots chapters' activities to enhance ocean and beach environments through clean water initiatives, surf preservation and access and ocean conservation education.$136,840
WildcoastImperial Beach, CA501 (c) (3)Protect critical wildlife habitat, ecosystem services and coastal public access in San Diego County and Baja California.$31,100
Surfers Against Sewagealexandria, VA501 (c) (3)Sewage Alert Service provides surfers, recreational water & beach users with vital real time water quality alerts when untreated human sewage is discharged in waters and beaches.$21,770
Save the Waves CoalitionDavenport, CA501 (c) (3)Create a network of surfing protected areas (World Surfing Reserves) using economics to educate decision-makers on the value of protecting coastline (Surfonomics), and take direct action to stop needless coastal destruction when all else fails (Endangered Waves).$15,550
Heal the BaySanta Monica, CA501 (c) (3)Operate the Beach Report Card for Santa Monica Bay which reports the state of beach water quality to the public.$12,440
Ocean InstituteDana Point, CA501 (c) (3)Operate Watershed Education Program which addresses the urgent need for ocean conservation with hands-on educational activities.$12,440
Orange County CoastkeepersCosta Mesa, CA501 (c) (3)Operate the Coastal Water Quality Improvement Program which improves the quality of coastal waters and an enhanced beach environment along Orange County's 42-mile coastline.$12,440
Surfing Education AssociationHonolulu, HI501 (c) (3)Preserve ocean, coral reefs, waves, beaches, water quality and shoreline accessibility; and educate public regarding these ocean issues; and encourage leadership and the importance of people power.$12,440
Assateague Coastal TrustBerlin, MD501 (c) (3)Operate Coastkeeper and Coast Kids programs. Coastkeeper does watershed patrolling, water quality monitoring, clean water promotion. Coast Kids does monthly educational excursions and programs for next generation of coastal stewards.$6,220
Clean Ocean ActionHighlands, NJ501 (c) (3)Keep swimmers safe from sewage through year-round water testing, report all findings at all times and expand public notification.$6,220
KaheaHonolulu, HI501 (c) (3)Grow a strong alliance of informed ocean users and keep them mobilized and engaged in protecting the quality of Hawai'I's coastlines and oceans.$6,220
Reef Check FoundationPacific Palisades, CA501 (c) (3)Coordinate global scientific monitoring, restoration and management of reefs worldwide.$6,220
Santa Barbara ChannelKeeperSanta Barbara, CA501 (c) (3)Operate Clean Water Advocacy and Enforcement Program to educate and lobby decision-makers to strengthen and enforce existing laws or enact new ones when necessary to better protect our waterways.$6,220
Seymour Marine Discovery CenterSanta Cruz, CA501 (c) (3)Offer the public hands-on immersion in the world of ocean exploration.$6,220
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$425,460
Fundraising Gross Income$324,421
Professional Fundraising Fees$34,101

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Waterman's Ball$659,997$294,130$256,656$37,474
Golf Tournament$81,407$30,291$62,305$-32,014
Total Events$741,404$324,421$425,460$-101,039
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

A copy of SIMA Environmental Fund Form 990 is provided to the governing body and is reviewed before it is filed via email to each voting member of the Board of Directors.

Form 990, Part VI, Section C, line 19

SIMA Environmental Fund makes its governing documents, conflict of interest policy, and financial statements readily available to the public upon request.

Part VI, Section B, Line 15:

No compensation is paid to officers, directors, or key employees.

PART VI, SECTION B, LINE 12:

Org. is currently in the process of adopting a conflict of interest policy.

part VII, Section A, Columns (E) & (F):

Sean Smith is compensated by SIMA which is the direct controlling entity.

Filing and Contact Details

Filer

Filer Name
SIMA Environmental Fund
EIN
31-1479679
Phone
9493661164
Address
27831 la paz road, laguna niguel, CA 92677

Signing Officer

Name
sean smith
Title
executive director
Phone
9493661164
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Smith
Formed
1995
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Moss Adams LLP
Address
4747 Executive Drive Suite 1300, San Diego, CA 92121
Preparer
Patricia J Mayer
Phone
8586271400
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt060963
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt020472 Crescent Bay Drive Ste 102
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (c) (3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc12501 (c) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc13501 (c) (3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operate Coastkeeper and Coast Kids programs. Coastkeeper does watershed patrolling, water quality monitoring, clean water promotion. Coast Kids does monthly educational excursions and programs for next generation of coastal stewards.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Keep swimmers safe from sewage through year-round water testing, report all findings at all times and expand public notification.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Operate the Beach Report Card for Santa Monica Bay which reports the state of beach water quality to the public.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Grow a strong alliance of informed ocean users and keep them mobilized and engaged in protecting the quality of Hawai'I's coastlines and oceans.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Operate Watershed Education Program which addresses the urgent need for ocean conservation with hands-on educational activities.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Operate the Coastal Water Quality Improvement Program which improves the quality of coastal waters and an enhanced beach environment along Orange County's 42-mile coastline.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Coordinate global scientific monitoring, restoration and management of reefs worldwide.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Operate Clean Water Advocacy and Enforcement Program to educate and lobby decision-makers to strengthen and enforce existing laws or enact new ones when necessary to better protect our waterways.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8Create a network of surfing protected areas (World Surfing Reserves) using economics to educate decision-makers on the value of protecting coastline (Surfonomics), and take direct action to stop needless coastal destruction when all else fails (Endangered Waves).
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9Offer the public hands-on immersion in the world of ocean exploration.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10Sewage Alert Service provides surfers, recreational water & beach users with vital real time water quality alerts when untreated human sewage is discharged in waters and beaches.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11Preserve ocean, coral reefs, waves, beaches, water quality and shoreline accessibility; and educate public regarding these ocean issues; and encourage leadership and the importance of people power.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12Enable grassroots chapters' activities to enhance ocean and beach environments through clean water initiatives, surf preservation and access and ocean conservation education.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13Protect critical wildlife habitat, ecosystem services and coastal public access in San Diego County and Baja California.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Assateague Coastal Trust
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Clean Ocean Action
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Heal the Bay
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Kahea
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Ocean Institute
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Orange County Coastkeepers
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Reef Check Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Santa Barbara ChannelKeeper
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8Save the Waves Coalition
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9Seymour Marine Discovery Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10Surfers Against Sewage
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11SURFING EDUCATION ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12Surfrider Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt13Wildcoast
IRS990ScheduleI/RecipientTable/RecipientEIN0521250849
IRS990ScheduleI/RecipientTable/RecipientEIN1222897204
IRS990ScheduleI/RecipientTable/RecipientEIN2954031055
IRS990ScheduleI/RecipientTable/RecipientEIN3990348025
IRS990ScheduleI/RecipientTable/RecipientEIN4330203488
IRS990ScheduleI/RecipientTable/RecipientEIN5330847892
IRS990ScheduleI/RecipientTable/RecipientEIN6954858649
IRS990ScheduleI/RecipientTable/RecipientEIN7912151460
IRS990ScheduleI/RecipientTable/RecipientEIN8364515216
IRS990ScheduleI/RecipientTable/RecipientEIN9237394590
IRS990ScheduleI/RecipientTable/RecipientEIN10431634280
IRS990ScheduleI/RecipientTable/RecipientEIN11237290725
IRS990ScheduleI/RecipientTable/RecipientEIN12953941826
IRS990ScheduleI/RecipientTable/RecipientEIN13770536297
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 731
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt118 Hartshorne Dr Ste 2

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