Civic Intelligence

Pacific Coast Sailing Foundation

990 • Fiscal year 2017 • EIN 95-3626059

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

5489 East Ocean BoulevardLong Beach, CA 90803-4405

(562) 433-7939

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

37th percentile

-1.5%

Higher net margin than 37% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

97th percentile

$76,958

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 21.3% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

21st percentile

-20%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

34th percentile

-9.7%

Faster revenue growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$300,668

Down $74,048 (-20%) from 2016

Net Assets

Down

$286,446

Down $68,066 (-19%) from 2016

Liabilities

Down

$14,222

Down $5,982 (-30%) from 2016

Revenue

Down

$360,705

Down $38,941 (-9.7%) from 2016

Expenses

Down

$366,031

Down $87,794 (-19%) from 2016

Net Income

Up

-$5,326

Up $48,853 (+90%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $421,468Liabilities 2010: $82,989Net Assets 2010: $338,4792010Assets 2011: $454,078Liabilities 2011: $72,552Net Assets 2011: $381,5262011Assets 2012: $435,647Liabilities 2012: $86,782Net Assets 2012: $348,8652012Assets 2013: $430,407Liabilities 2013: $44,298Net Assets 2013: $386,1092013Assets 2014: $443,298Liabilities 2014: $30,783Net Assets 2014: $412,5152014Assets 2015: $394,432Liabilities 2015: $19,107Net Assets 2015: $375,3252015Assets 2016: $374,716Liabilities 2016: $20,204Net Assets 2016: $354,5122016Assets 2017: $300,668Liabilities 2017: $14,222Net Assets 2017: $286,4462017Assets 2018: $326,786Liabilities 2018: $15,004Net Assets 2018: $311,7822018Assets 2019: $309,781Liabilities 2019: $19,455Net Assets 2019: $290,3262019Assets 2020: $302,710Liabilities 2020: $24,461Net Assets 2020: $278,2492020Assets 2021: $348,554Liabilities 2021: $35,340Net Assets 2021: $313,2142021Assets 2022: $368,589Liabilities 2022: $8,786Net Assets 2022: $359,8032022Assets 2023: $382,603Liabilities 2023: $18,292Net Assets 2023: $364,3112023Assets 2024: $324,680Liabilities 2024: $15,093Net Assets 2024: $309,5872024

Highlighted filing

2017

Assets$300,668
Liabilities$14,222
Net Assets$286,446

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $427,010Expenses 2010: $480,431Net Income 2010: -$53,4212010Revenue 2011: $472,928Expenses 2011: $437,677Net Income 2011: $35,2512011Revenue 2012: $410,873Expenses 2012: $439,662Net Income 2012: -$28,7892012Revenue 2013: $432,699Expenses 2013: $419,319Net Income 2013: $13,3802013Revenue 2014: $405,870Expenses 2014: $379,461Net Income 2014: $26,4092014Revenue 2015: $445,253Expenses 2015: $443,460Net Income 2015: $1,7932015Revenue 2016: $399,646Expenses 2016: $453,825Net Income 2016: -$54,1792016Revenue 2017: $360,705Expenses 2017: $366,031Net Income 2017: -$5,3262017Revenue 2018: $441,189Expenses 2018: $410,530Net Income 2018: $30,6592018Revenue 2019: $387,505Expenses 2019: $396,740Net Income 2019: -$9,2352019Revenue 2020: $138,861Expenses 2020: $199,470Net Income 2020: -$60,6092020Revenue 2021: $318,373Expenses 2021: $328,844Net Income 2021: -$10,4712021Revenue 2022: $387,606Expenses 2022: $340,210Net Income 2022: $47,3962022Revenue 2023: $433,659Expenses 2023: $428,594Net Income 2023: $5,0652023Revenue 2024: $369,360Expenses 2024: $425,207Net Income 2024: -$55,8472024

Highlighted filing

2017

Revenue$360,705
Expenses$366,031
Net Income-$5,326
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$374,773
Mission and Program Overview

Mission

Provide programs and facilities designed for youth, at-risk, disabled, novice and advanced sailors. Water safeety and skills.

Provide facilities, equipment programs designed to enhance skills and water safety through programs designed for youth, at-risk, disabled, novice and advanced sailing skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$240,444$192,552▼ $47,892
Accounts Receivable$49,799$50,246▲ $447
Cash and Non-Interest-Bearing Accounts$39,511$11,895▼ $27,616
Loans From Officers Directors$7,942$7,942→ $0
Total Assets$374,716$300,668▼ $74,048
Other Assets Total$44,962$45,975▲ $1,013
Liabilities
Accounts Payable and Accrued Expenses$12,262$6,280▼ $5,982
Total Liabilities$20,204$14,222▼ $5,982
Net Assets / Fund Balance
Unrestricted Net Assets$319,656$251,590▼ $68,066
Permanently Rstr Net Assets$34,383$34,383→ $0
Temporarily Rstr Net Assets$473$473→ $0
Total Net Assets Fund Balance$354,512$286,446▼ $68,066
Total Liabilities and Net Assets / Fund Balance$374,716$300,668▼ $74,048

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$192,552$538,600$731,152
Other Assets Org$9,922--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$34,659---$34,659
2016$34,659---$34,659
2015$34,659---$34,659
2014$34,659---$34,659
2013$34,659---$34,659
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles Booey KoberPresident
Todd SmithVice President
Andrew ZinnDirector
Chuck ClayDirector
David CrockettDirector
David KofahlDirector
Don ZinnDirector
Eric JohnsonDirector
Grant BixbyDirector
James TownesDirector
Jerry MontgomeryDirector
Jim EddyDirector
John ShaddenDirector
Mike BlecherDirector
Patrick BixbyDirector
Patrick MeeganDirector
Richard LandesDirector
Thomas RamseyDirector
Mike SegerblomEx.Director
Charles MerrillAsst. Secretary
Paul MerrillSecretary
James Eddy IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$159,400
Program Service Revenue
$175,236
Investment Income
$1
Other Revenue
$26,068
All Other Contributions
$159,400
Change in Net Assets
$-5,326

Noncash Contribution Practices

Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,904
Salaries, Compensation, and Employee Benefits$169,127
Total Fundraising Expense$20,473
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$63,940$7,522$3,761$75,223
Current Officers, Directors, Trustees, and Key Employees$52,191$14,912$7,455$74,558
Insurance$36,600$6,863$2,287$45,750
Depreciation Depletion$30,460$3,584$1,791$35,835
Occupancy$24,332$6,952$3,476$34,760
Payroll Taxes$14,999$2,898$1,449$19,346
Interest$2,592--$2,592
Office Expenses$1,926$361$120$2,407
Other Expenses$1,401$263$88$1,752
Travel$742$139$46$927
Total Functional Expenses$302,062$43,494$20,473$366,031
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,136
Fundraising Direct Expenses$14,068
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$40,136$40,136$1,833$38,303
Total Events$40,136$40,136$14,068$26,068
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
Loans from Officers, Directors, Trustees, and Key Employees$7,942$7,942→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Other Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section C, Line 19

The executive director will forward a copy of the requested information within 30 days of receipt of the request for information.

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

Tax return is prepared by an outside firm. Returns are read by both the executive director and treasurer before filing.

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

The executive directors pay is set and approved by the board of directors annually and the approval is minuted in its records through the budgeting process.

Filing and Contact Details

Filer

Filer Name
Pacific Coast Sailing Foundation
EIN
95-3626059
Phone
5624337939
Address
5489 EAST OCEAN BOULEVARD, LONG BEACH, CA 90803-4405

Signing Officer

Name
James Eddy Iii
Title
Treasurer
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Segerblom
Formed
1981
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
21
Employees
5

Preparer

Firm
Ok Advisors Inc
Address
291 WEST 22ND STREET SUITE 201, SAN PEDRO, CA 90731
Preparer
JOHN O'CONNOR
Phone
3107493916
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book/tax depreciation differences and assets distributed to new unrelated entities 62,740. Pacific coast interscholastic sailing association ein 82-2906717.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASST. SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0221540

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.15$3.10$3.69$4.25$0.56
2023Detailed filing. Detailed filing data is available for this year.$3.83$0.18$3.64$4.34$4.29$0.05
2022Detailed filing. Detailed filing data is available for this year.$3.69$0.09$3.60$3.88$3.40$0.47
2021Detailed filing. Detailed filing data is available for this year.$3.49$0.35$3.13$3.18$3.29$0.10
2020Detailed filing. Detailed filing data is available for this year.$3.03$0.24$2.78$1.39$1.99$0.61
2019Detailed filing. Detailed filing data is available for this year.$3.10$0.19$2.90$3.88$3.97$0.09
2018Detailed filing. Detailed filing data is available for this year.$3.27$0.15$3.12$4.41$4.11$0.31
2017Detailed filing. Detailed filing data is available for this year.$3.01$0.14$2.86$3.61$3.66$0.05
2016Detailed filing. Detailed filing data is available for this year.$3.75$0.20$3.55$4.00$4.54$0.54
2015Detailed filing. Detailed filing data is available for this year.$3.94$0.19$3.75$4.45$4.43$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.43$0.31$4.13$4.06$3.79$0.26
2013Detailed filing. Detailed filing data is available for this year.$4.30$0.44$3.86$4.33$4.19$0.13
2012Summary only. Only limited summary data is available for this year.$4.36$0.87$3.49$4.11$4.40$0.29
2011Summary only. Only limited summary data is available for this year.$4.54$0.73$3.82$4.73$4.38$0.35
2010Summary only. Only limited summary data is available for this year.$4.21$0.83$3.38$4.27$4.80$0.53