Civic Intelligence

San Diego Fleet Week Foundation

EIN 33-0965545 • 501(c)3 • San Diego, CA

Profile

To honor and celebrate the men and women of the military through events that entertain and alliances that thank and support these heroes.

3639 Midway Drive Suite B-429San Diego, CA 92110

www.fleetweeksandiego.org

Siviq Scores

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

Liabilities / Assets

86th percentile

0.35x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

36th percentile

-5.1%

Higher net margin than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$70,062

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

28th percentile

-24%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

31%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$66,163

Up $13,613 (+26%) from 2023

Liabilities

Down

$17,566

Down $69,109 (-80%) from 2023

Net Assets

Up

$48,597

Up $82,722 (+242%) from 2023

Operations
Liabilities / Revenue79th percentileNet Margin36th percentile

Revenue

Up

$548,683

Up $126,104 (+30%) from 2023

Expenses

Down

$465,961

Down $32,361 (-6.5%) from 2023

Net Income

Up

$82,722

Up $158,465 (+209%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

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

$300K$200K$100K$0-$100K-$200KAssets 2011: $155,964Liabilities 2011: $9,484Net Assets 2011: $146,4802011Assets 2012: $66,972Liabilities 2012: $9,725Net Assets 2012: $57,2472012Assets 2013: $59,644Liabilities 2013: $422Net Assets 2013: $59,2222013Assets 2014: $55,042Liabilities 2014: $45,542Net Assets 2014: $9,5002014Assets 2015: $70,063Liabilities 2015: $217,220Net Assets 2015: -$147,1572015Assets 2016: $45,436Liabilities 2016: $143,509Net Assets 2016: -$98,0732016Assets 2017: $46,483Liabilities 2017: $49,000Net Assets 2017: -$2,5172017Assets 2018: $32,388Liabilities 2018: $42,401Net Assets 2018: -$10,0132018Assets 2019: $68,577Liabilities 2019: $35,049Net Assets 2019: $33,5282019Assets 2020: $107,158Liabilities 2020: $21,420Net Assets 2020: $85,7382020Assets 2021: $83,768Liabilities 2021: $23,519Net Assets 2021: $60,2492021Assets 2022: $64,037Liabilities 2022: $22,419Net Assets 2022: $41,6182022Assets 2023: $52,550Liabilities 2023: $86,675Net Assets 2023: -$34,1252023Assets 2024: $66,163Liabilities 2024: $17,566Net Assets 2024: $48,5972024

Highlighted filing

2024

Assets$66,163
Liabilities$17,566
Net Assets$48,597
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $906,4562011Expenses 2012: $931,2312012Revenue 2013: $297,172Expenses 2013: $295,197Net Income 2013: $1,9752013Revenue 2014: $596,390Expenses 2014: $646,112Net Income 2014: -$49,7222014Revenue 2015: $540,836Expenses 2015: $697,493Net Income 2015: -$156,6572015Revenue 2016: $738,635Expenses 2016: $689,551Net Income 2016: $49,0842016Revenue 2017: $413,966Expenses 2017: $379,654Net Income 2017: $34,3122017Revenue 2018: $443,262Expenses 2018: $450,758Net Income 2018: -$7,4962018Revenue 2019: $424,021Expenses 2019: $380,480Net Income 2019: $43,5412019Revenue 2020: $252,959Expenses 2020: $200,749Net Income 2020: $52,2102020Revenue 2021: $280,321Expenses 2021: $305,810Net Income 2021: -$25,4892021Revenue 2022: $366,038Expenses 2022: $384,669Net Income 2022: -$18,6312022Revenue 2023: $422,579Expenses 2023: $498,322Net Income 2023: -$75,7432023Revenue 2024: $548,683Expenses 2024: $465,961Net Income 2024: $82,7222024

Highlighted filing

2024

Revenue$548,683
Expenses$465,961
Net Income$82,722
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,163
Liabilities
$17,566
Net assets
$48,597
Revenue
$548,683
Expenses
$465,961
Net income
$82,722
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.66$0.18$0.49$5.49$4.66$0.83
2023Detailed filing. Detailed filing data is available for this year.$0.53$0.87$0.34$4.23$4.98$0.76
2022Detailed filing. Detailed filing data is available for this year.$0.64$0.22$0.42$3.66$3.85$0.19
2021Detailed filing. Detailed filing data is available for this year.$0.84$0.24$0.60$2.80$3.06$0.25
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.21$0.86$2.53$2.01$0.52
2019Detailed filing. Detailed filing data is available for this year.$0.69$0.35$0.34$4.24$3.80$0.44
2018Detailed filing. Detailed filing data is available for this year.$0.32$0.42$0.10$4.43$4.51$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.49$0.03$4.14$3.80$0.34
2016Detailed filing. Detailed filing data is available for this year.$0.45$1.44$0.98$7.39$6.90$0.49
2015Detailed filing. Detailed filing data is available for this year.$0.70$2.17$1.47$5.41$6.97$1.57
2014Detailed filing. Detailed filing data is available for this year.$0.55$0.46$0.10$5.96$6.46$0.50
2013Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.59$2.97$2.95$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.10$0.57$9.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.09$1.46$9.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$548,683
Mission and Program Overview

Mission

To honor and celebrate the men and women of the military through events that entertain and alliances that thank and support these heroes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$42,050$33,664▼ $8,386
Accounts Receivable$10,500$32,499▲ $21,999
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$52,550$66,163▲ $13,613
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$65,583--
Other Liabilities$21,092$17,566▼ $3,526
Total Liabilities$86,675$17,566▼ $69,109
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-34,125$48,597▲ $82,722
Total Net Assets Fund Balance$-34,125$48,597▲ $82,722
Total Liabilities and Net Assets / Fund Balance$52,550$66,163▲ $13,613
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Margaret YoungVice Pres. COOPT$80,000$80,000

Board Members and Trustees

NameTitle
Cindy FarlessChair
Larry BlumbergPresident/COO
Mick FultonVice Chair
Ashley CamacDirector
Bill BaughDirector
Dennis DubardDirector
Ed LangmaidDirector
Gordon RutherfordDirector
Harold ElkanDirector
Robert NowakowskiDirector
Sharon Bernie-ClowardDirector
Terry BuisDirector
Jeff RobinSecretary
Bryan SmylieTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$548,658
Program Service Revenue
$0
Investment Income
$25
Other Revenue
$0
All Other Contributions
$548,658
Change in Net Assets
$82,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$374,094
Salaries, Compensation, and Employee Benefits$91,867
Total Fundraising Expense$24,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$72,000$4,000$4,000$80,000
Advertising$35,853--$35,853
Travel$14,149$4,520$982$19,651
Insurance$7,858$1,672$7,189$16,719
Other Expenses$8,721$2,683$2,013$13,417
Fees for Services Other$8,552$2,631$1,973$13,156
Occupancy$11,515--$11,515
Payroll Taxes$5,796$1,139$4,556$11,491
All Other Expenses$4,772$3,946$71$8,789
Office Expenses$1,475$1,106$1,106$3,687
Fees for Services Accounting$1,388$278$185$1,851
Other Employee Benefits$188$38$150$376
Total Functional Expenses$416,118$25,216$24,627$465,961
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable-non-current$17,566
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 11B

“A draft copy of the return is provided to the foundation executive director for review and discussion is held with other members of the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Monthly meetings are held by the board of directors where financials are reviewed and operations of the organization are discussed, including any potential conflicts of interest.”

Form 990, Part VI, Section B, Line 15B

“The assistant executive director and other key employees go through annual evaluation by the board. The annual compensation is voted on and aprroved by the board.”

Form 990, Part VI, Section C, Line 18

“The foundation makes its governing documents and financial statements available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
San Diego Fleet Week Foundation
EIN
33-0965545
Phone
6198581545
Address
3639 Midway Drive Suite B-429, San Diego, CA 92110

Signing Officer

Name
Margaret Young
Title
Vice Pres. COO
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Blumberg
Formed
2001
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
125

Preparer

Firm
Team Gregg CPAs
Address
2011 Palomar Airport Rd Ste 101, Carlsbad, CA 92011
Preparer
Eric R Gregg CPA
Phone
6199871863
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