Liabilities / Assets
28th percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 94-3106341 • 501(c)4 • San Francisco, CA
Profile
The club provides safe, clean and healthful access to ocean swimming and recreational boating in the san fransico bay as well as provide access to public land for other recreation.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
28th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
30th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
24th percentile
Higher net margin than 24% of similar nonprofits.
Top Officer Pay
63rd percentile
Higher top officer pay than 63% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Assets
Down$1,713,129
Down $62,290 (-3.5%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Down$1,713,129
Down $62,290 (-3.5%) from 2023
Revenue
Up$1,399,461
Up $290,849 (+26%) from 2023
Expenses
Up$1,460,920
Up $249,988 (+21%) from 2023
Net Income
Up-$61,459
Up $40,861 (+40%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The club provides safe, clean and healthful access to ocean swimming and recreational boating in the san francisco bay as well as provide access to public land for other recreation
The club provides safe, clean and healthful access to ocean swimming and recreational boating in the san fransico bay as well as provide access to public land for other recreation.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,220,527 | $1,364,424 | ▲ $143,897 |
| Cash and Non-Interest-Bearing Accounts | $204,143 | $282,112 | ▲ $77,969 |
| Savings and Temporary Cash Investments | $338,453 | $53,593 | ▼ $284,860 |
| Investments in Publicly Traded Securities | $12,296 | $13,000 | ▲ $704 |
| Total Assets | $1,775,419 | $1,713,129 | ▼ $62,290 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,775,419 | $1,713,129 | ▼ $62,290 |
| Total Net Assets Fund Balance | $1,775,419 | $1,713,129 | ▼ $62,290 |
| Total Liabilities and Net Assets / Fund Balance | $1,775,419 | $1,713,129 | ▼ $62,290 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $1,286,356 | $1,162,500 | $2,448,856 |
| Equipment | $78,068 | $828,324 | $906,392 |
| Name | Title |
|---|---|
| Diane Walton | President |
| John Robiola | Boat Captain |
| Deborah Sherwood | Governor |
| James Dilworth | Governor |
| Janine Corcoran | Governor |
| Jari Salomaa | Governor |
| John Hornor | Governor |
| Nanda Palmieri | Governor |
| Nathaniel Berger | Governor |
| Ward Bushee | Governor |
| Tim Kreutzen | House Captai |
| Polly Rose | Membership D |
| David Zovickian | Recording Se |
| Tim Mcelligott | Treasurer |
| Ken Coren | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,293,600 |
| Salaries, Compensation, and Employee Benefits | $167,320 |
| Total Fundraising Expense | $34,229 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $288,323 | - | - | $288,323 |
| Other Salaries and Wages | $132,779 | $9,994 | - | $142,773 |
| All Other Expenses | $94,419 | $1,867 | $34,229 | $130,515 |
| Insurance | $112,071 | - | - | $112,071 |
| Depreciation Depletion | $83,407 | - | - | $83,407 |
| Other Expenses | $56,701 | - | - | $56,701 |
| Fees for Services Accounting | $40,763 | - | - | $40,763 |
| Office Expenses | $12,990 | - | - | $12,990 |
| Other Employee Benefits | $12,027 | $905 | - | $12,932 |
| Payroll Taxes | $10,802 | $813 | - | $11,615 |
| Fees for Services Other | $1,365 | $103 | - | $1,468 |
| Total Functional Expenses | $1,413,009 | $13,682 | $34,229 | $1,460,920 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“(a) life members any person who completes twenty-five (25) consecutive years of paid up membership in good standing shall automatically become a life member and shall be accorded all rights and privileges of active members. Life members shall not be liable for payment of dues. Life members who maintain lockers in the club shall pay a yearly locker fee in advance in an amount determined by the board of governors. If a member resigns, or is terminated for nonpayment of delinquencies, and later rejoins or is reinstated, prior and subsequent membership periods shall be counted in calculating years of consecutive paid up membership toward life membership, provided that all of the following requirements are met: 1. The period elapsed between any date of resignation or termination and the subsequent date of rejoining or reinstatement does not exceed six (6) months; 2. The member has paid all dues and other assessments that would have been applicable during the elapsed period; 3. The member has paid all amounts required if rejoining, or the reinstatement fee determined by the board of governor and other amounts if reinstating; and 4. The member has paid any other fees and other obligations or charges incurred for services or benefits acutally received, dues, assessments or fines as otherwise required. (b) out of town members any person who resides more than 100 miles from the club's principal address, may, upon consent of the board, be placed on the out of town membership list. Each out of town member shall pay dues in an amount determined by the board but shall not be entitled to maintain a locker at the club. (c) active members all other members of this club shall be active members.”
“The board of governors shall be elected by the members by written ballot and not by action at any meeting. In addition, any action which may be taken at any meeting of the members may be taken by written ballot. A. The number of ballots required for a quorum and for aproval shall be the same as the number of members and votes required at a meeting. B. All ballot solicitations shall state, with respect to ballots other than for the election of governors, the percentage of approvals necessary to pass the matter submitted. The solicitation must specify the time by which the ballot must be received, in order to be counted. C. The written ballot, which may be sent by and to the club by electronic transmission, shall afford each member the opportunity to specify choice between approval and disapproval of each matter; blanks and abstensions shall not be counted. In any election of governors, the written ballot shall instruct the member to vote for no more candidates than there are vacancies; blanks and abstentions shall not be counted. D. The board of governors shall be elected by a plurality vote.”
“A draft of the form 990 is provided for review. Any needed changes are made prior to its filing.”
“Form 990 is available at guidestar.org”
“Book / tax depreciation difference 0”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | CLUB MEMBERS SWIM, ROW AND KAYAK IN THE ADJACENT AQUATIC PARK. CLUB FACILITIES ALSO INCLUDE A HANDBALL COURT AND WEIGHT ROOM. THE CLUB IS OPEN TO THE PUBLIC SEVERAL DAYS A WEEK. ORGANIZED MONTHLY SWIMS ARE HELD THROUGHOUT THE YEAR INCLUDING AN ESCAPE FROM ALCATRAZ TRIATHLON. FINANCIAL AID IS PROVIDED TO MEMBERS ON A NEED BASIS, TO COVER A QUARTER OR MORE OF MEMBERSHIP DUES. |
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| IRS990/ProgramServiceRevenueGrp/Desc | 2 | PUBLIC ACCESS DAY |
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| IRS990/ProgramServiceRevenueGrp/Desc | 4 | APPAREL REVENUE |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | (A) LIFE MEMBERS ANY PERSON WHO COMPLETES TWENTY-FIVE (25) CONSECUTIVE YEARS OF PAID UP MEMBERSHIP IN GOOD STANDING SHALL AUTOMATICALLY BECOME A LIFE MEMBER AND SHALL BE ACCORDED ALL RIGHTS AND PRIVILEGES OF ACTIVE MEMBERS. LIFE MEMBERS SHALL NOT BE LIABLE FOR PAYMENT OF DUES. LIFE MEMBERS WHO MAINTAIN LOCKERS IN THE CLUB SHALL PAY A YEARLY LOCKER FEE IN ADVANCE IN AN AMOUNT DETERMINED BY THE BOARD OF GOVERNORS. IF A MEMBER RESIGNS, OR IS TERMINATED FOR NONPAYMENT OF DELINQUENCIES, AND LATER REJOINS OR IS REINSTATED, PRIOR AND SUBSEQUENT MEMBERSHIP PERIODS SHALL BE COUNTED IN CALCULATING YEARS OF CONSECUTIVE PAID UP MEMBERSHIP TOWARD LIFE MEMBERSHIP, PROVIDED THAT ALL OF THE FOLLOWING REQUIREMENTS ARE MET: 1. THE PERIOD ELAPSED BETWEEN ANY DATE OF RESIGNATION OR TERMINATION AND THE SUBSEQUENT DATE OF REJOINING OR REINSTATEMENT DOES NOT EXCEED SIX (6) MONTHS; 2. THE MEMBER HAS PAID ALL DUES AND OTHER ASSESSMENTS THAT WOULD HAVE BEEN APPLICABLE DURING THE ELAPSED PERIOD; 3. THE MEMBER HAS PAID ALL AMOUNTS REQUIRED IF REJOINING, OR THE REINSTATEMENT FEE DETERMINED BY THE BOARD OF GOVERNOR AND OTHER AMOUNTS IF REINSTATING; AND 4. THE MEMBER HAS PAID ANY OTHER FEES AND OTHER OBLIGATIONS OR CHARGES INCURRED FOR SERVICES OR BENEFITS ACUTALLY RECEIVED, DUES, ASSESSMENTS OR FINES AS OTHERWISE REQUIRED. (B) OUT OF TOWN MEMBERS ANY PERSON WHO RESIDES MORE THAN 100 MILES FROM THE CLUB'S PRINCIPAL ADDRESS, MAY, UPON CONSENT OF THE BOARD, BE PLACED ON THE OUT OF TOWN MEMBERSHIP LIST. EACH OUT OF TOWN MEMBER SHALL PAY DUES IN AN AMOUNT DETERMINED BY THE BOARD BUT SHALL NOT BE ENTITLED TO MAINTAIN A LOCKER AT THE CLUB. (C) ACTIVE MEMBERS ALL OTHER MEMBERS OF THIS CLUB SHALL BE ACTIVE MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE BOARD OF GOVERNORS SHALL BE ELECTED BY THE MEMBERS BY WRITTEN BALLOT AND NOT BY ACTION AT ANY MEETING. IN ADDITION, ANY ACTION WHICH MAY BE TAKEN AT ANY MEETING OF THE MEMBERS MAY BE TAKEN BY WRITTEN BALLOT. A. THE NUMBER OF BALLOTS REQUIRED FOR A QUORUM AND FOR APROVAL SHALL BE THE SAME AS THE NUMBER OF MEMBERS AND VOTES REQUIRED AT A MEETING. B. ALL BALLOT SOLICITATIONS SHALL STATE, WITH RESPECT TO BALLOTS OTHER THAN FOR THE ELECTION OF GOVERNORS, THE PERCENTAGE OF APPROVALS NECESSARY TO PASS THE MATTER SUBMITTED. THE SOLICITATION MUST SPECIFY THE TIME BY WHICH THE BALLOT MUST BE RECEIVED, IN ORDER TO BE COUNTED. C. THE WRITTEN BALLOT, WHICH MAY BE SENT BY AND TO THE CLUB BY ELECTRONIC TRANSMISSION, SHALL AFFORD EACH MEMBER THE OPPORTUNITY TO SPECIFY CHOICE BETWEEN APPROVAL AND DISAPPROVAL OF EACH MATTER; BLANKS AND ABSTENSIONS SHALL NOT BE COUNTED. IN ANY ELECTION OF GOVERNORS, THE WRITTEN BALLOT SHALL INSTRUCT THE MEMBER TO VOTE FOR NO MORE CANDIDATES THAN THERE ARE VACANCIES; BLANKS AND ABSTENTIONS SHALL NOT BE COUNTED. D. THE BOARD OF GOVERNORS SHALL BE ELECTED BY A PLURALITY VOTE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A DRAFT OF THE FORM 990 IS PROVIDED FOR REVIEW. ANY NEEDED CHANGES ARE MADE PRIOR TO ITS FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | FORM 990 IS AVAILABLE AT GUIDESTAR.ORG |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BOOK / TAX DEPRECIATION DIFFERENCE 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XI, LINE 9 |
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