Civic Intelligence

Sima Environmental Fund

990 • Fiscal year 2018 • EIN 31-1479679

Jan 01, 2018 to Dec 31, 2018 • Filed on May 22, 2019

27831 LA Paz Rd 570Laguna Niguel, CA 92677-3920

(949) 637-3782

Siviq Scores

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

Liabilities / Assets

90th percentile

0.76x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.73x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

96th percentile

$187,014

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 48.9% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

98th percentile

423%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

83%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$364,079

Up $294,430 (+423%) from 2017

Net Assets

Up

$85,809

Up $44,391 (+107%) from 2017

Liabilities

Up

$278,270

Up $250,039 (+886%) from 2017

Revenue

Up

$382,729

Up $173,359 (+83%) from 2017

Expenses

Up

$338,338

Up $122,271 (+57%) from 2017

Net Income

Up

$44,391

Up $51,088 (+763%) from 2017

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

2018

Assets$364,079
Liabilities$278,270
Net Assets$85,809

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

2018

Revenue$382,729
Expenses$338,338
Net Income$44,391
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 22, 2019
Return Version
2018v3.1
Gross Receipts
$774,460
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
Cash and Non-Interest-Bearing Accounts$59,559$237,114▲ $177,555
Accounts Receivable$3,314$120,188▲ $116,874
Rtn Earn Endowment Incm Other Fnds$41,418$85,809▲ $44,391
Savings and Temporary Cash Investments$6,776$6,777▲ $1
Total Assets$69,649$364,079▲ $294,430
Liabilities
Accounts Payable and Accrued Expenses$28,231$278,249▲ $250,018
Other Liabilities-$21-
Total Liabilities$28,231$278,270▲ $250,039
Net Assets / Fund Balance
Total Net Assets Fund Balance$41,418$85,809▲ $44,391
Total Liabilities and Net Assets / Fund Balance$69,649$364,079▲ $294,430
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sean SmithExecutive Di$187,014$187,014

Board Members and Trustees

NameTitle
Beto BedolfeDirector
Chris EvansDirector
Sean SmithExecutive Director
Paul NaudeCEO/presiden
Dave GilovichCFO/treasure
Bob MignognaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$402,945
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-20,216
All Other Contributions
$82,000
Change in Net Assets
$44,391

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table5$212,000
Cars and Other Vehicles1$47,175
Total Noncash Contributions6$259,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$250,000
Other Expenses$88,338
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$237,500--$237,500
Fees for Services Management-$83,000-$83,000
Foreign Grants$12,500--$12,500
Fees for Services Accounting-$4,750-$4,750
Fees for Services Other-$538-$538
Fees for Services Legal-$50-$50
Total Functional Expenses$250,000$88,338$0$338,338
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Surfrider FoundationSan Clemente, CA--$120,000
WildcoastImperial Beach, CA--$25,000
Save the Waves CoalitionDavenport, CA--$13,750
Heal the BaySanta Monica, CA--$12,500
Orange County CoastkeeperCosta Mesa, CA--$11,250
Ocean InstituteDana Point, CA--$10,000
Surfing Education AssociationHonolulu, HI--$8,750
5 Gyres InstituteLos Angeles, CA--$7,500
Clean Ocean ActionHighlands, NJ--$6,250
Santa Barbara ChannelkeeperSanta Barbara, CA--$6,250

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$391,731
Fundraising Gross Income$371,515
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Waterman Ball a$692,460$371,515$277,375$94,140
Total Events$692,460$371,515$391,731$-20,216
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$21
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Sima Environmental Fund
EIN
31-1479679
Phone
9496373782
Address
27831 LA PAZ RD 570, LAGUNA NIGUEL, CA 92677-3920

Signing Officer

Name
Sean Smith
Title
Executive Director
Phone
9496373782
Signed
2019-05-22

Organization Details

Principal Officer
Sean Smith
Formed
1995
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
6

Preparer

Firm
White & Company CPA
Address
2915 REDHILL AVE SUITE G102, COSTA MESA, CA 92626-5904
Preparer
Matthew White CPA
Phone
9496983738
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0103049
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0103049
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0692460
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0692460
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0371515
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0371515
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-20216
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0277375
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0277375
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt010775
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt010775
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt07500
IRS990ScheduleI/RecipientTable/CashGrantAmt16250
IRS990ScheduleI/RecipientTable/CashGrantAmt212500
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/CashGrantAmt411250
IRS990ScheduleI/RecipientTable/CashGrantAmt56250
IRS990ScheduleI/RecipientTable/CashGrantAmt613750
IRS990ScheduleI/RecipientTable/CashGrantAmt78750
IRS990ScheduleI/RecipientTable/CashGrantAmt8120000
IRS990ScheduleI/RecipientTable/CashGrantAmt925000
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt05 GYRES INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CLEAN OCEAN ACTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HEAL THE BAY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3OCEAN INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4ORANGE COUNTY COASTKEEPER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5SANTA BARBARA CHANNELKEEPER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6SAVE THE WAVES COALITION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7SURFING EDUCATION ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8SURFRIDER FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9WILDCOAST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05792 W JEFFERSON BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt118 HARTSHORNE DRIVE SUITE 2
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21444 9TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt324200 DANA POINT HARBOR DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt43151 AIRWAY AVE F-110
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5714 BOND AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6PO BOX 187 3500 HWY1
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt73017 WAIALAE AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8PO BOX 6010
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9925 SEACOAST DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/CityNm1HIGHLANDS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2SANTA MONICA
IRS990ScheduleI/RecipientTable/USAddress/CityNm3DANA POINT
IRS990ScheduleI/RecipientTable/USAddress/CityNm4COSTA MESA
IRS990ScheduleI/RecipientTable/USAddress/CityNm5SANTA BARBARA
IRS990ScheduleI/RecipientTable/USAddress/CityNm6DAVENPORT
IRS990ScheduleI/RecipientTable/USAddress/CityNm7HONOLULU
IRS990ScheduleI/RecipientTable/USAddress/CityNm8SAN CLEMENTE
IRS990ScheduleI/RecipientTable/USAddress/CityNm9IMPERIAL BEACH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7HI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd090016
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd107732
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd290401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd392629
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd492626
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd892674
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IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0163000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024014
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SEAN SMITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0187014
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/CarsAndOtherVehiclesGrp/ContributionCnt01
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NoncashContributionsRptF990Amt047175
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt05
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0212000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0SURF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0INDUSTRY MANUFACTURERS ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SURF INDUSTRY MANUFACTURERS ASSOCIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SIMA HUMANITARIAN FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0330385201
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1510548602
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt027068 LA PAZ ROAD 570
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt127068 LA PAZ ROAD 570
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ALISO VIEJO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1ALISO VIEJO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd092656
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd192656
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true

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