Civic Intelligence

City Surf Project Inc.

990 • Fiscal year 2023 • EIN 47-2091985

Jun 01, 2022 to May 31, 2023 • Filed on Apr 12, 2024

400 Treat Ave Ste GSan Francisco, CA 94110

(415) 269-0573

Siviq Scores

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

Liabilities / Assets

64th percentile

0.07x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

69th percentile

0.11x

Higher debt load relative to revenue than 69% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

16th percentile

-12%

Faster asset growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-59%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$509,530

Down $71,118 (-12%) from 2022

Net Assets

Down

$473,614

Down $68,612 (-13%) from 2022

Liabilities

Down

$35,916

Down $2,506 (-6.5%) from 2022

Revenue

Down

$336,564

Down $479,384 (-59%) from 2022

Expenses

Down

$405,176

Down $592,430 (-59%) from 2022

Net Income

Up

-$68,612

Up $113,046 (+62%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $1Liabilities 2014: $62014Assets 2015: $21,834Liabilities 2015: $02015Assets 2016: $113,641Liabilities 2016: $7,7752016Assets 2017: $209,190Liabilities 2017: $0Net Assets 2017: $209,1902017Assets 2018: $299,450Liabilities 2018: $5,754Net Assets 2018: $293,6962018Assets 2019: $336,642Liabilities 2019: $23,932Net Assets 2019: $312,7102019Assets 2020: $424,833Liabilities 2020: $64,821Net Assets 2020: $360,0122020Assets 2021: $731,346Liabilities 2021: $7,462Net Assets 2021: $723,8842021Assets 2022: $580,648Liabilities 2022: $38,422Net Assets 2022: $542,2262022Assets 2023: $509,530Liabilities 2023: $35,916Net Assets 2023: $473,6142023Assets 2024: $659,653Liabilities 2024: $273,627Net Assets 2024: $386,0262024Assets 2025: $559,007Liabilities 2025: $196,888Net Assets 2025: $362,1192025

Highlighted filing

2023

Assets$509,530
Liabilities$35,916
Net Assets$473,614

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $3,443Expenses 2014: $3,449Net Income 2014: -$62014Revenue 2015: $45,954Expenses 2015: $24,114Net Income 2015: $21,8402015Revenue 2016: $158,264Expenses 2016: $79,893Net Income 2016: $78,3712016Revenue 2017: $225,997Expenses 2017: $121,754Net Income 2017: $104,2432017Revenue 2018: $341,194Expenses 2018: $228,157Net Income 2018: $113,0372018Revenue 2019: $477,654Expenses 2019: $458,640Net Income 2019: $19,0142019Revenue 2020: $598,081Expenses 2020: $567,252Net Income 2020: $30,8292020Revenue 2021: $958,003Expenses 2021: $594,131Net Income 2021: $363,8722021Revenue 2022: $815,948Expenses 2022: $997,606Net Income 2022: -$181,6582022Revenue 2023: $336,564Expenses 2023: $405,176Net Income 2023: -$68,6122023Revenue 2024: $1,014,596Expenses 2024: $1,101,985Net Income 2024: -$87,3892024Revenue 2025: $1,110,667Expenses 2025: $1,134,574Net Income 2025: -$23,9072025

Highlighted filing

2023

Revenue$336,564
Expenses$405,176
Net Income-$68,612
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Apr 12, 2024
Return Version
2022v5.0
Gross Receipts
$338,584
Mission and Program Overview

Mission

To connect youth to the ocean and themselves through surfing. We use surfing as vehicle to connect youth with nature, form a healthy habits, and find personal growth.

To ensure equitable access to the coastline and improve the health and well-being of Bay Area youth, through surf instruction. We use surfing as a vehicle to foster respect for nature, healthy living, personal growth, diversity, equity and inclusion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$295,973$276,963▼ $19,010
Investments in Publicly Traded Securities$100,650$100,650→ $0
Accounts Receivable$125,217$68,026▼ $57,191
Land, Buildings, and Equipment, Net$33,132$30,494▼ $2,638
Prepaid Expenses and Deferred Charges$900$8,846▲ $7,946
Inventories for Sale or Use$5,704$5,479▼ $225
Savings and Temporary Cash Investments$495$495→ $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-
Intangible Assets-$0-
Total Assets$580,648$509,530▼ $71,118
Other Assets Total$18,577$18,577→ $0
Liabilities
Other Liabilities$26,342$26,524▲ $182
Accounts Payable and Accrued Expenses$12,080$9,392▼ $2,688
Total Liabilities$38,422$35,916▼ $2,506
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$468,784$448,614▼ $20,170
Net Assets With Donor Restrictions$73,442$25,000▼ $48,442
Total Net Assets Fund Balance$542,226$473,614▼ $68,612
Total Liabilities and Net Assets / Fund Balance$580,648$509,530▼ $71,118

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,494$44,275$74,769
Compensation and Service Providers

Board Members and Trustees

NameTitle
James CongerPresident
Benjamin AndersonDirector
Chris ClarkDirector
Courtney KarnesDirector
Henry FrazierDirector
Jamie NunezDirector
Melissa AndradaDirector
Victor J IrwinExecutive Director
Lysondra E LudwigTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$310,712
Program Service Revenue
$25,725
Investment Income
$1,560
Other Revenue
$-1,433
All Other Contributions
$204,956
Change in Net Assets
$-68,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$278,958
Other Expenses$126,218
Total Fundraising Expense$74,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$155,649$23,589$41,010$220,248
Occupancy$37,072$5,618$9,768$52,458
Current Officers, Directors, Trustees, and Key Employees$5,621$7,870$8,994$22,485
Payroll Taxes$14,423$2,186$3,800$20,409
Other Employee Benefits$7,592$3,638$4,586$15,816
Insurance$8,247$1,250$2,173$11,670
Information Technology$7,338$1,112$1,933$10,383
Fees for Services Accounting-$8,075-$8,075
Fees for Services Other$1,770$5,186$301$7,257
Travel$6,040--$6,040
Conferences and Meetings$5,383$178-$5,561
Depreciation Depletion$3,108$471$819$4,398
Office Expenses$1,090$165$287$1,542
Other Expenses$1,152$2,000-$1,152
Advertising$784$119$207$1,110
All Other Expenses$453$103$322$878
Total Functional Expenses$269,416$61,560$74,200$405,176
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,795
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
Accrued vacation$26,524
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
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 A, Line 2

The Executive Director and President of the Board have a family relationship.

Form 990, Part VI, Section B, Line 11B

A CPA prepares the tax return and sends a copy to the Executive Director and Treasurer for review. The Executive Director sends a draft to members of the Board for their review and comment. The Executive Director signs and the CPA submits the return to the IRS.

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

A conflict of interest may exist where either an employee and a client, or an employee and another employee: 1 are related to each other 2 are currently in a romantic relationship, or 3 were formerly in a romantic relationship. Employees are required to disclose to the CEO any such relationship so that they are aware of it so that any potential conflict of interest may be avoided.

Form 990, Part VI, Section C, Line 19

The organization provides a copy of governing documents and tax filings upon request.

Filing and Contact Details

Filer

Filer Name
City Surf Project Inc
EIN
47-2091985
Phone
4152690573
Address
400 Treat Ave Ste G, San Francisco, CA 94110

Signing Officer

Name
Victor J Irwin
Title
Executive Director
Signed
2024-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor J Irwin
Formed
2015
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
50

Preparer

Firm
Elizabeth K Steppe
Address
317 Morningside Dr SE, Albuquerque, NM 87108
Preparer
Elizabeth K Steppe CPA
Phone
5103750648
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IRS990/Form990PartVIISectionAGrp/PersonNm5Melissa Andrada
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