Civic Intelligence

Professional Windsurfers Association

990 • Fiscal year 2023 • EIN 99-0353054

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

PO Box 791656Paia, HI 96779

(808) 283-0747

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

26th percentile

0.00x

Higher debt load relative to revenue than 26% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

8th percentile

-21%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$1,553

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

2nd percentile

-49%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-8.9%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$130,828

Down $126,554 (-49%) from 2022

Net Assets

Down

$130,335

Down $145,615 (-53%) from 2022

Liabilities

Up

$493

Up $19,061 (+103%) from 2022

Revenue

Down

$685,544

Down $67,085 (-8.9%) from 2022

Expenses

Up

$831,159

Up $81,657 (+11%) from 2022

Net Income

Down

-$145,615

Down $148,742 (-4757%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $436,773Liabilities 2010: $5,108Net Assets 2010: $431,6652010Assets 2011: $390,583Liabilities 2011: $1,101Net Assets 2011: $389,4822011Assets 2012: $318,266Liabilities 2012: $857Net Assets 2012: $317,4092012Assets 2013: $405,218Liabilities 2013: $1,123Net Assets 2013: $404,0952013Assets 2014: $414,113Liabilities 2014: $12,507Net Assets 2014: $401,6062014Assets 2015: $386,900Liabilities 2015: $10,150Net Assets 2015: $376,7502015Assets 2016: $402,604Liabilities 2016: $3,892Net Assets 2016: $398,7122016Assets 2017: $405,058Liabilities 2017: $28,695Net Assets 2017: $376,3632017Assets 2018: $518,992Liabilities 2018: $6,272Net Assets 2018: $512,7202018Assets 2019: $538,554Liabilities 2019: $35,369Net Assets 2019: $503,1852019Assets 2020: $355,162Liabilities 2020: $5,267Net Assets 2020: $349,8952020Assets 2021: $276,158Liabilities 2021: $3,335Net Assets 2021: $272,8232021Assets 2022: $257,382Liabilities 2022: -$18,568Net Assets 2022: $275,9502022Assets 2023: $130,828Liabilities 2023: $493Net Assets 2023: $130,3352023Assets 2024: $159,378Liabilities 2024: $0Net Assets 2024: $159,3782024

Highlighted filing

2023

Assets$130,828
Liabilities$493
Net Assets$130,335

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $1,241,000Expenses 2010: $1,206,156Net Income 2010: $34,8442010Revenue 2011: $1,718,687Expenses 2011: $1,760,870Net Income 2011: -$42,1832011Revenue 2012: $1,272,871Expenses 2012: $1,344,944Net Income 2012: -$72,0732012Revenue 2013: $1,211,995Expenses 2013: $1,125,309Net Income 2013: $86,6862013Revenue 2014: $1,763,517Expenses 2014: $1,766,006Net Income 2014: -$2,4892014Revenue 2015: $1,341,541Expenses 2015: $1,366,397Net Income 2015: -$24,8562015Revenue 2016: $1,424,993Expenses 2016: $1,403,031Net Income 2016: $21,9622016Revenue 2017: $1,203,172Expenses 2017: $1,225,521Net Income 2017: -$22,3492017Revenue 2018: $1,511,361Expenses 2018: $1,375,004Net Income 2018: $136,3572018Revenue 2019: $1,752,013Expenses 2019: $1,761,548Net Income 2019: -$9,5352019Revenue 2020: $118,210Expenses 2020: $271,500Net Income 2020: -$153,2902020Revenue 2021: $354,518Expenses 2021: $431,590Net Income 2021: -$77,0722021Revenue 2022: $752,629Expenses 2022: $749,502Net Income 2022: $3,1272022Revenue 2023: $685,544Expenses 2023: $831,159Net Income 2023: -$145,6152023Revenue 2024: $893,376Expenses 2024: $864,333Net Income 2024: $29,0432024

Highlighted filing

2023

Revenue$685,544
Expenses$831,159
Net Income-$145,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$685,544
Mission and Program Overview

Mission

The organization promotes support services for windsurfers by sponsoring events all over the world.

The organization promotes support services for all windsurfers by sponsoring events,makes rules for the sport,promotes friendship & discipline

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$251,928$130,828▼ $121,100
Accounts Receivable$2,950--
Prepaid Expenses and Deferred Charges$676--
Total Assets$257,382$130,828▼ $126,554
Other Assets Total$1,828--
Liabilities
Other Liabilities$-18,568$493▲ $19,061
Total Liabilities$-18,568$493▲ $19,061
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$275,950$130,335▼ $145,615
Total Net Assets Fund Balance$275,950$130,335▼ $145,615
Total Liabilities and Net Assets / Fund Balance$257,382$130,828▼ $126,554

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$16,447$16,447
Compensation and Service Providers

Employees

NameTitleBaseTotal
Robby SwiftDirector Sai$1,553$1,553

Board Members and Trustees

NameTitle
Jimmy DiazPresident
Arnon DaganDirector Ind
Francisco GoyaDirector Ind
Robert StrojDirector Ind
Maciek RutkowskiDirector Sai
Sarah-quita OffringaDirector Sai
Revenue and Support

Revenue Composition

Contributions and Grants
$198,277
Program Service Revenue
$487,267
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-145,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$831,159
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$416,092--$416,092
Travel-$62,627-$62,627
Occupancy-$10,002-$10,002
All Other Expenses$1,971$1,637-$3,608
Office Expenses-$3,448-$3,448
Other Expenses$4,058$2,151-$2,151
Total Functional Expenses$747,623$83,536$0$831,159
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$493
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, Page 6, Part VI, Line 11B

A copy of form 990 was provided to the organization's governing body for review before it was filed.

Form 990, Page 6, Part VI, Line 18

Upon request. By members only.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Professional Windsurfers
EIN
99-0353054
Phone
8082830747
Address
PO BOX 791656, PAIA, HI 96779

Signing Officer

Name
Jimmy Diaz
Title
President
Phone
8089860737
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jimmy Diaz
Formed
2000
Legal Domicile
Hi
Voting Board Members
7
Independent Board Members
150
Employees
0
Volunteers
50

Preparer

Firm
Nc & Associates Cpas Inc
Address
106 CENTRAL AVENUE, WAILUKU, HI 96793
Preparer
Noel Ann Catugal CPA
Phone
8089860737
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Gran canaria-2023 105 competitors wave and slalom competition press service via the pwaworldtour.com website revenue: 68,236.24 in prize money paid to members. Fuerteventura-2023 88 competitors slalom and freestyle competition press service via the pwaworldtour.com website revenue: 83,982.16 in prize money paid to members. Japan-2023 65 competitors slalom competition press service via the pwaworldtour.com website revenue: 41,991.34 in prize money paid to members. Aloha classic maui-2023 55 competitors wave competition press service via the pwaworldtour.com website revenue: 20,500 in prize money paid to members. Sylt-2023 100 competitors wave and slalom competition press service via the pwaworldtour.com website revenue: 91,259.47 in prize money paid to members. Lake garda-2023 61 competitors slalom competition press service via the pwaworldtour.com website revenue: 37,878 in prize money paid to members.

Form 990, Part IX, Line 11G

Consultant fees 155,400 0 0 photography 10,693 0 0 race management 44,994 0 0 marketing 43,548 0 0 media services 161,457 0 0 total 416,092 0 0

Raw XML Appendix297 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRAN CANARIA-2023 105 COMPETITORS WAVE AND SLALOM COMPETITION PRESS SERVICE VIA THE PWAWORLDTOUR.COM WEBSITE REVENUE: 68,236.24 IN PRIZE MONEY PAID TO MEMBERS. FUERTEVENTURA-2023 88 COMPETITORS SLALOM AND FREESTYLE COMPETITION PRESS SERVICE VIA THE PWAWORLDTOUR.COM WEBSITE REVENUE: 83,982.16 IN PRIZE MONEY PAID TO MEMBERS. JAPAN-2023 65 COMPETITORS SLALOM COMPETITION PRESS SERVICE VIA THE PWAWORLDTOUR.COM WEBSITE REVENUE: 41,991.34 IN PRIZE MONEY PAID TO MEMBERS. ALOHA CLASSIC MAUI-2023 55 COMPETITORS WAVE COMPETITION PRESS SERVICE VIA THE PWAWORLDTOUR.COM WEBSITE REVENUE: 20,500 IN PRIZE MONEY PAID TO MEMBERS. SYLT-2023 100 COMPETITORS WAVE AND SLALOM COMPETITION PRESS SERVICE VIA THE PWAWORLDTOUR.COM WEBSITE REVENUE: 91,259.47 IN PRIZE MONEY PAID TO MEMBERS. LAKE GARDA-2023 61 COMPETITORS SLALOM COMPETITION PRESS SERVICE VIA THE PWAWORLDTOUR.COM WEBSITE REVENUE: 37,878 IN PRIZE MONEY PAID TO MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST. BY MEMBERS ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTANT FEES 155,400 0 0 PHOTOGRAPHY 10,693 0 0 RACE MANAGEMENT 44,994 0 0 MARKETING 43,548 0 0 MEDIA SERVICES 161,457 0 0 TOTAL 416,092 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0257382
IRS990/TotalAssetsEOYAmt0130828
IRS990/TotalAssetsGrp/BOYAmt0257382
IRS990/TotalAssetsGrp/EOYAmt0130828
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0198277
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083536
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0747623
IRS990/TotalFunctionalExpensesGrp/TotalAmt0831159
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0-18568
IRS990/TotalLiabilitiesEOYAmt0493
IRS990/TotalLiabilitiesGrp/BOYAmt0-18568
IRS990/TotalLiabilitiesGrp/EOYAmt0493
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0275950
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0130335
IRS990/TotalProgramServiceRevenueAmt0487267
IRS990/TotalReportableCompFromOrgAmt01553
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0487267
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0685544
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0257382
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0130828
IRS990/TravelGrp/ManagementAndGeneralAmt062627
IRS990/TravelGrp/TotalAmt062627
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO BOX 791656
IRS990/USAddress/CityNm0PAIA
IRS990/USAddress/StateAbbreviationCd0HI
IRS990/USAddress/ZIPCd096779
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt0150
IRS990/WebsiteAddressTxt0WWW.PWAWORLDTOUR.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMY DIAZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08089860737
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROFESSIONAL WINDSURFERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0PROF
ReturnHeader/Filer/EIN0990353054
ReturnHeader/Filer/PhoneNum08082830747
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 791656
ReturnHeader/Filer/USAddress/CityNm0PAIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
ReturnHeader/Filer/USAddress/ZIPCd096779
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0934202861
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NC & ASSOCIATES CPAS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0106 CENTRAL AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WAILUKU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd096793
ReturnHeader/PreparerPersonGrp/PhoneNum08089860737
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NOEL ANN CATUGAL CPA
ReturnHeader/ReturnTs02024-11-15T13:37:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.00$0.16$0.89$0.86$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.69$0.83$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.02$0.28$0.75$0.75$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.27$0.35$0.43$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.01$0.35$0.12$0.27$0.15
2019Summary only. Only limited summary data is available for this year.$0.54$0.04$0.50$1.75$1.76$0.01
2018Summary only. Only limited summary data is available for this year.$0.52$0.01$0.51$1.51$1.38$0.14
2017Summary only. Only limited summary data is available for this year.$0.41$0.03$0.38$1.20$1.23$0.02
2016Summary only. Only limited summary data is available for this year.$0.40$0.00$0.40$1.42$1.40$0.02
2015Summary only. Only limited summary data is available for this year.$0.39$0.01$0.38$1.34$1.37$0.02
2014Summary only. Only limited summary data is available for this year.$0.41$0.01$0.40$1.76$1.77$0.00
2013Summary only. Only limited summary data is available for this year.$0.41$0.00$0.40$1.21$1.13$0.09
2012Summary only. Only limited summary data is available for this year.$0.32$0.00$0.32$1.27$1.34$0.07
2011Summary only. Only limited summary data is available for this year.$0.39$0.00$0.39$1.72$1.76$0.04
2010Summary only. Only limited summary data is available for this year.$0.44$0.01$0.43$1.24$1.21$0.03