Civic Intelligence

The Dipsea Race Foundation

EIN 68-0405142 • 501(c)3 • Mill Valley, CA

Profile

Preserve historic Dipsea tradition and encourage persons of all ages to appreciate and protect the Dipsea trail.

PO Box 10Mill Valley, CA 94942

www.dipseafoundation.org

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

32nd percentile

-3.1%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

132%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$903,472

Down $29,019 (-3.1%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$903,472

Down $29,019 (-3.1%) from 2023

Revenue

Up

$113,824

Up $64,804 (+132%) from 2023

Expenses

Up

$142,843

Up $75,173 (+111%) from 2023

Net Income

Down

-$29,019

Down $10,369 (-56%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $273,886Liabilities 2010: $0Net Assets 2010: $273,8862010Assets 2011: $466,727Liabilities 2011: $0Net Assets 2011: $466,7272011Assets 2012: $446,750Liabilities 2012: $0Net Assets 2012: $446,7502012Assets 2013: $530,132Liabilities 2013: $0Net Assets 2013: $530,1322013Assets 2014: $505,474Liabilities 2014: $0Net Assets 2014: $505,4742014Assets 2015: $505,248Liabilities 2015: $0Net Assets 2015: $505,2482015Assets 2016: $604,048Liabilities 2016: $0Net Assets 2016: $604,0482016Assets 2017: $946,790Liabilities 2017: $82,000Net Assets 2017: $864,7902017Assets 2018: $956,719Liabilities 2018: $0Net Assets 2018: $956,7192018Assets 2019: $969,164Liabilities 2019: $0Net Assets 2019: $969,1642019Assets 2020: $944,970Liabilities 2020: $0Net Assets 2020: $944,9702020Assets 2021: $956,012Liabilities 2021: $0Net Assets 2021: $956,0122021Assets 2022: $951,141Liabilities 2022: $0Net Assets 2022: $951,1412022Assets 2023: $932,491Liabilities 2023: $0Net Assets 2023: $932,4912023Assets 2024: $903,472Liabilities 2024: $0Net Assets 2024: $903,4722024

Highlighted filing

2024

Assets$903,472
Liabilities$0
Net Assets$903,472

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $78,4532010Expenses 2011: $41,0772011Expenses 2012: $49,1542012Revenue 2013: $144,631Expenses 2013: $61,249Net Income 2013: $83,3822013Revenue 2014: $48,616Expenses 2014: $73,274Net Income 2014: -$24,6582014Revenue 2015: $73,218Expenses 2015: $73,444Net Income 2015: -$2262015Revenue 2016: $156,296Expenses 2016: $57,496Net Income 2016: $98,8002016Revenue 2017: $325,036Expenses 2017: $64,295Net Income 2017: $260,7412017Revenue 2018: $157,141Expenses 2018: $65,211Net Income 2018: $91,9302018Revenue 2019: $69,688Expenses 2019: $57,243Net Income 2019: $12,4452019Revenue 2020: $31,377Expenses 2020: $55,571Net Income 2020: -$24,1942020Revenue 2021: $34,866Expenses 2021: $23,824Net Income 2021: $11,0422021Revenue 2022: $118,340Expenses 2022: $123,211Net Income 2022: -$4,8712022Revenue 2023: $49,020Expenses 2023: $67,670Net Income 2023: -$18,6502023Revenue 2024: $113,824Expenses 2024: $142,843Net Income 2024: -$29,0192024

Highlighted filing

2024

Revenue$113,824
Expenses$142,843
Net Income-$29,019

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.03$0.00$9.03$1.14$1.43$0.29
2023Detailed filing. Detailed filing data is available for this year.$9.32$0.00$9.32$0.49$0.68$0.19
2022Detailed filing. Detailed filing data is available for this year.$9.51$0.00$9.51$1.18$1.23$0.05
2021Detailed filing. Detailed filing data is available for this year.$9.56$0.00$9.56$0.35$0.24$0.11
2020Detailed filing. Detailed filing data is available for this year.$9.45$0.00$9.45$0.31$0.56$0.24
2019Detailed filing. Detailed filing data is available for this year.$9.69$0.00$9.69$0.70$0.57$0.12
2018Detailed filing. Detailed filing data is available for this year.$9.57$0.00$9.57$1.57$0.65$0.92
2017Detailed filing. Detailed filing data is available for this year.$9.47$0.82$8.65$3.25$0.64$2.61
2016Detailed filing. Detailed filing data is available for this year.$6.04$0.00$6.04$1.56$0.57$0.99
2015Detailed filing. Detailed filing data is available for this year.$5.05$0.00$5.05$0.73$0.73$0.00
2014Detailed filing. Detailed filing data is available for this year.$5.05$0.00$5.05$0.49$0.73$0.25
2013Detailed filing. Detailed filing data is available for this year.$5.30$0.00$5.30$1.45$0.61$0.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.00$4.47$0.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$0.00$4.67$0.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.00$2.74$0.78
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 17, 2025
Return Version
2024v5.2
Gross Receipts
$113,824
Mission and Program Overview

Mission

Preserve historic dipsea tradition

Preserve historic Dipsea tradition and encourage persons of all ages to appreciate and protect the Dipsea trail.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$79,128$101,877▲ $22,749
Land, Buildings, and Equipment, Net$27,027$23,954▼ $3,073
Cash and Non-Interest-Bearing Accounts$57,557$7,672▼ $49,885
Accounts Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$932,491$903,472▼ $29,019
Other Assets Total$768,779$769,969▲ $1,190
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$783,779$783,779→ $0
Net Assets Without Donor Restrictions$148,712$119,693▼ $29,019
Total Net Assets Fund Balance$932,491$903,472▼ $29,019
Total Liabilities and Net Assets / Fund Balance$932,491$903,472▼ $29,019

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,954$34,520$58,474
Equipment-$8,797$8,797
Other Assets Org$1,190--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leon HuntingExecutive DirectorPT$17,000$17,000

Board Members and Trustees

NameTitle
Mervyn ReganPresident
Pauli LarsenVice President
Louis EncaladaDirector
Monica FarrarSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$107,204
Program Service Revenue
$4,771
Investment Income
$1,849
Other Revenue
$0
All Other Contributions
$107,204
Change in Net Assets
$-29,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$65,843
Grants and Similar Amounts Paid$60,000
Total Fundraising Expense$23,520
Salaries, Compensation, and Employee Benefits$17,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$60,000--$60,000
Current Officers, Directors, Trustees, and Key Employees$14,450$1,700$850$17,000
Fees for Services Other$12,750$1,500$750$15,000
All Other Expenses$6,325$662$2,530$9,517
Depreciation Depletion$2,612$307$154$3,073
Fees for Services Accounting$1,901$223$112$2,236
Other Expenses$3,988$469$1,879$1,879
Occupancy$1,591$187$94$1,872
Advertising$1,211$143$71$1,425
Insurance$502$59$29$590
Travel$51$6$3$60
Total Functional Expenses$114,067$5,256$23,520$142,843
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 18

Guidestar website

Form 990, Part VI, Section C, Line 19

Part VI, Line 19: Form 990 is posted on Guidestar website.Articles of Incorporation are on file with California Secretary of State.Bylaws are not publicly available.

Filing and Contact Details

Filer

Filer Name
The Dipsea Race Foundation
EIN
68-0405142
Phone
4159901630
Address
PO Box 10, Mill Valley, CA 94942

Signing Officer

Name
Mervyn Regan
Title
President
Signed
2025-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mervyn Regan
Formed
1997
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Richard K Chinlund CPA
Address
1299 Fourth Street Suite 506, San Rafael, CA 94901
Preparer
Richard K Chinlund CPA
Phone
4155263686
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IRS990/PrincipalOfficerNm0Mervyn Regan
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04771
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IRS990/ProgSrvcAccomActy2Grp/Desc0The organization preserves and maintains the historic Dipsea Trail & Stepsfor current and future generations. The organization also encourages boysand girls from all backgrounds to develop the self-discipline required to trainfor a difficult cross country race as well as a sense of communityresponsibility that can be transferred to other aspects of life.
IRS990/ProgSrvcAccomActy3Grp/Desc0The organization restored a portion of the Dipsea Steps which are an integral part of the Dipsea TrailThe total cost of restoration to date is $768,779 whichamount has been capitalized as a non-depreciable asset.See Form 990, Page 11, Part X, Line 15.The Dipsea Steps have been designated as a nationalhistoric monument. The Mayor of Mill Valley has recognizedand honored the Dipsea Steps as such.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt034831
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2140190
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt315720
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt617536
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt84588
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1217740
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt149617
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt157142
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1615916
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1819953
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt191190
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Dipsea Historic Monument Reg 2009
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Dipsea Historic Monument Reg 2010
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Dipsea Steps Restoration Construct 2007
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Dipsea Steps Restoration Construct 2009
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Dipsea Steps Restoration Construct 2011
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5Dipsea Steps Restoration construct 2017
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6Dipsea Steps Restoration Construct 2018
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7Dipsea Steps Restoration Design 2006
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8Dipsea Steps Restoration Design 2007
IRS990ScheduleD/OtherAssetsOrgGrp/Desc9Dipsea Steps Restoration Design 2011
IRS990ScheduleD/OtherAssetsOrgGrp/Desc10Dipsea Steps Restoration Design 2014
IRS990ScheduleD/OtherAssetsOrgGrp/Desc11Dipsea Steps Restoration Design 2015
IRS990ScheduleD/OtherAssetsOrgGrp/Desc12Dipsea Steps Restoration Design 2016
IRS990ScheduleD/OtherAssetsOrgGrp/Desc13Dipsea Steps Restoration Design 2017
IRS990ScheduleD/OtherAssetsOrgGrp/Desc14Dipsea Steps Restoration Medallions 2007
IRS990ScheduleD/OtherAssetsOrgGrp/Desc15Dipsea Steps Restoration Medallions 2008
IRS990ScheduleD/OtherAssetsOrgGrp/Desc16Dipsea Steps Restoration Medallions 2011
IRS990ScheduleD/OtherAssetsOrgGrp/Desc17Dipsea Steps Restoration Medallions 2017
IRS990ScheduleD/OtherAssetsOrgGrp/Desc18Dipsea Steps Restoration Medallions 2018
IRS990ScheduleD/OtherAssetsOrgGrp/Desc19Dipsea Steps Restoration Medallions 2024
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