Civic Intelligence

Life Sail Inc

EIN 56-2364927 • 501(c)3 • Van Nuys, CA

Profile

Advocate to the public about the sea and ship handling and to foster skills in seamanship in foster and underpriveledged youth

15523 Valerio StreetVan Nuys, CA 91406

lifesail.org

Siviq Scores

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

Liabilities / Assets

79th percentile

0.10x

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

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

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

15th percentile

-44%

Higher net margin than 15% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

28th percentile

-28%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-40%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$145,452

Down $56,502 (-28%) from 2023

Liabilities

Down

$14,606

Down $5,394 (-27%) from 2023

Net Assets

Down

$130,846

Down $51,108 (-28%) from 2023

Operations
Liabilities / Revenue84th percentileNet Margin15th percentile

Revenue

Down

$117,099

Down $76,835 (-40%) from 2023

Expenses

Up

$168,207

Up $76,372 (+83%) from 2023

Net Income

Down

-$51,108

Down $153,207 (-150%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $451,064Liabilities 2010: $79,585Net Assets 2010: $371,4792010Assets 2011: $1,156,773Liabilities 2011: $69,462Net Assets 2011: $1,087,3112011Assets 2012: $455,794Liabilities 2012: $70,125Net Assets 2012: $385,6692012Assets 2013: $436,942Liabilities 2013: $66,904Net Assets 2013: $370,0382013Assets 2014: $451,522Liabilities 2014: $73,412Net Assets 2014: $378,1102014Assets 2015: $469,467Liabilities 2015: $74,905Net Assets 2015: $394,5622015Assets 2016: $477,726Liabilities 2016: $86,414Net Assets 2016: $391,3122016Assets 2017: $494,486Liabilities 2017: $92,064Net Assets 2017: $402,4222017Assets 2018: $497,587Liabilities 2018: $67,667Net Assets 2018: $429,9202018Assets 2019: $446,174Liabilities 2019: $61,962Net Assets 2019: $384,2122019Assets 2020: $427,979Liabilities 2020: $58,507Net Assets 2020: $369,4722020Assets 2021: $283,360Liabilities 2021: $80,900Net Assets 2021: $202,4602021Assets 2022: $159,989Liabilities 2022: $80,134Net Assets 2022: $79,8552022Assets 2023: $201,954Liabilities 2023: $20,000Net Assets 2023: $181,9542023Assets 2024: $145,452Liabilities 2024: $14,606Net Assets 2024: $130,8462024

Highlighted filing

2024

Assets$145,452
Liabilities$14,606
Net Assets$130,846
Open 2024 Filing

Operations Trend

Revenue Growth22nd percentile

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

$200K$0-$200K-$400KExpenses 2010: $80,4662010Expenses 2011: $131,7002011Expenses 2012: $123,9722012Revenue 2013: $112,041Expenses 2013: $127,672Net Income 2013: -$15,6312013Revenue 2014: $126,696Expenses 2014: $118,624Net Income 2014: $8,0722014Revenue 2015: $126,780Expenses 2015: $110,328Net Income 2015: $16,4522015Revenue 2016: $155,847Expenses 2016: $159,097Net Income 2016: -$3,2502016Revenue 2017: $160,058Expenses 2017: $123,124Net Income 2017: $36,9342017Revenue 2018: $193,172Expenses 2018: $191,498Net Income 2018: $1,6742018Revenue 2019: $80,820Expenses 2019: $126,528Net Income 2019: -$45,7082019Revenue 2020: $68,700Expenses 2020: $83,440Net Income 2020: -$14,7402020Revenue 2021: -$101,408Expenses 2021: $115,451Net Income 2021: -$216,8592021Revenue 2022: $168,335Expenses 2022: $98,850Net Income 2022: $69,4852022Revenue 2023: $193,934Expenses 2023: $91,835Net Income 2023: $102,0992023Revenue 2024: $117,099Expenses 2024: $168,207Net Income 2024: -$51,1082024

Highlighted filing

2024

Revenue$117,099
Expenses$168,207
Net Income-$51,108
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$145,452
Liabilities
$14,606
Net assets
$130,846
Revenue
$117,099
Expenses
$168,207
Net income
-$51,108
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.13$0.12$0.17$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.02$0.18$0.19$0.09$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.16$0.08$0.08$0.17$0.10$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.28$0.08$0.20$0.10$0.12$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.06$0.37$0.07$0.08$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.06$0.38$0.08$0.13$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.07$0.43$0.19$0.19$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.09$0.40$0.16$0.12$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.09$0.39$0.16$0.16$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.07$0.39$0.13$0.11$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.07$0.38$0.13$0.12$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.44$0.07$0.37$0.11$0.13$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.07$0.39$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.07$1.09$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.08$0.37$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$117,099
Mission and Program Overview

Mission

To advocate the public about the sea and ship handling and to foster skills in seamanship.

Advocate to the public about the sea and ship handling and foster skills in seamanship

Program Services

DescriptionGrantsExpenses
Advocate to the public about the sea and ship handling and to foster skills in seamanship-$91,123
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt SchulzPresident & CEO-$0--
Alexis AlvaradoCFO-$0--
Steven SchulzCOO-$0--
Jim OatesVice President-$0--
Eyal RonOfficer-$0--
Cynthia DiazCFO-$0--
Filing and Contact Details

Filer

Filer Name
Life Sail Inc
EIN
56-2364927
Phone
8184247245
Address
15523 Valerio Street, Van Nuys, CA 91406

Signing Officer

Name
Matt Schulz
Title
President & CEO
Signed
2025-11-17
Discuss with paid preparer
Yes

Preparer

Firm
Craig A Rothermel JD CPA Inc
Address
504 South Broadway, Escondido, CA 92025
Preparer
Craig A Rothermel
Phone
7607470446
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $1483”

Other Expenses.1005

“Travel $451”

Other Expenses.1009

“Depreciation $44033”

Other Expenses.1012

“Insurance $10061”

Other Expenses.1

“Sailing Expenses $91123”

Other Expenses.2

“Dues and subscriptions $5010”

Other Expenses.3

“Car & Truck $3080”

Other Expenses.4

“Bank charges $1695”

Other Expenses.5

“Staff Develop,ment $28”

Other Expenses.6

“Parking $25”

Other Assets.1003

“Machinery and Equipment - Beginning $15434 Machinery and Equipment - Ending $133401”

Total Liabilities.1006

“Payable to Officers, Directors, Etc. - Beginning $20000 Payable to Officers, Directors, Etc. - Ending $14606”

Raw XML Appendix167 raw XML fields

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

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 12281
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Marina Del Rey
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd090295
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0177780
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LandAndBuildingsGrp/BOYAmt08740
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0181954
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0130846
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0130846
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Matt Schulz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Alexis Alvarado
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Steven Schulz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Jim Oates
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Eyal Ron
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Cynthia Diaz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2COO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Officer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CFO
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt015434
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0133401
IRS990EZ/OtherExpensesTotalAmt0156989
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Advocate to the public about the sea and ship handling and foster skills in seamanship
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt091123
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt020000
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt014606
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0lifesail.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0117099
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $1483
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $451
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $44033
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $10061
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Sailing Expenses $91123
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Dues and subscriptions $5010
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Car & Truck $3080
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Bank charges $1695
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Staff Develop,ment $28
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Parking $25
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Payable to Officers, Directors, Etc. - Beginning $20000 Payable to Officers, Directors, Etc. - Ending $14606
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Total Liabilities.1006
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Matt Schulz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Life Sail Inc
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0562364927
ReturnHeader/Filer/PhoneNum08184247245
ReturnHeader/Filer/USAddress/AddressLine1Txt015523 Valerio Street
ReturnHeader/Filer/USAddress/CityNm0Van Nuys
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091406
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202157587
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Craig A Rothermel JD CPA Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0504 South Broadway
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Escondido
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092025
ReturnHeader/PreparerPersonGrp/PhoneNum07607470446
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Craig A Rothermel
ReturnHeader/ReturnTs02025-11-17T23:49:31-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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