2022-09-15T17:39:21-05:00 2021-12-31 954557617 Harrington Group CPAs LLP 2698 Mataro Street Pasadena CA 91107 990 2021-01-01 311625735 Treasure Island Sailing Center Foundation TREA 4154212225 698 California Avenue 112 San Francisco CA 94130 William J Hoehler Secretary/Treasurer 4154212225 2022-09-15 1 William Hoehler 999009999 Carlos A Davis CPA P02037008 6264036801 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Carisa Harris Adamson 698 California Avenue 112 San Francisco CA 94130 1166489 0 X www.tisailing.org X 1998 CA Our mission is to create opportunities for people to learn and grow throughsailing by providing facilities,sailing instruction, and access to the water for people of all socioeconomic backgrounds, abilities and skill levels from novice to the Olympian. 5 5 42 78 0 0 388869 857932 100244 158020 71651 58669 87627 91868 648391 1166489 0 0 0 0 540201 583229 0 0 14524 239052 298816 779253 882045 -130862 284444 4094751 4716242 201121 65897 3893630 4650345 X Our mission is to create opportunities for people to learn and grow through sailing by providing facilities, sailing instruction, and access to the water for people of all socioeconomic backgrounds, abilities and skill levels from novice to the Olympian. TISC students participate in positive, skill building experiences learning water safety, responsibility, respect, communication, teamwork, leadership, and appreciation for their environment. TISC is a large scale, multiuser, year round sailing school on San Francisco Bay operated by dedicated staff and volunteers, emphasizing full community involvement by offering access to all, regardless of financial ability. 0 0 729445 158020 The Treasure Island Sailing Center provided 1,837 youth and adults of all abilities and socioeconomic backrounds in the San Francisco Bay Area 23,072 hours of sailing opportunities for either instruction or recreation. The majority of our program serves youth and in 2021 provided 1,755 youth with 23,000 hours of instructions. 83% of youth were provided scholarships. 1,462 of the Center's youth participated in a STEM program offered to the 4th and some 5th grade San Francisco Unified Public School students at no cost including transportation. 729445 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 42 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CA X Treasure Island Sailing Center Luxine Smith 4154212225 698 California Ave Bldg 112 San Francisco CA 94130 X Carisa Harris-Adamson President 10.00 X X 0 0 0 William J Hoehler Secretary/Treasurer 8.00 X X 0 0 0 Paul Heineken Board Member 2.00 X 0 0 0 Bill Kreysler Board Member 2.00 X 0 0 0 Doug Smith Board Member 2.00 X 0 0 0 0 0 0 0 0 0 0 0 576616 281316 857932 Program fees 900099 149183 149183 Sailing rental fees 713990 7670 7670 Merchandise sales 900099 1167 1167 158020 58669 58669 91868 0 91868 91868 91868 1166489 158020 0 150537 501379 426218 66798 8363 4793 4074 639 80 34874 29646 4646 582 42183 35860 5620 703 5392 2167 3225 33225 13351 19874 25944 11034 14888 22 2273 1361 912 26914 25647 1009 258 10220 7767 1942 511 50734 40080 8434 2220 7756 7604 120 32 24443 24443 20417 15516 3880 1021 Repairs & maintenance 38215 36373 1458 384 Asset purchases 25090 25090 Dues & memberships 24163 19335 4480 348 Training 3879 3879 151 151 882045 729445 138076 14524 59077 70303 60217 49630 9846 18793 6462 5882 1082368 802450 99372 279918 3859777 4290716 0 1000 4094751 4716242 59841 65897 141280 0 201121 65897 X 691139 991838 3202491 3658507 3893630 4650345 4094751 4716242 284444 472271 0 X 0 1 X 1 0 X 467690 355399 458615 388869 857932 2528505 467690 355399 458615 388869 857932 2528505 108816 2419689 190898 180121 170439 159278 150537 851273 111 54 11632 60578 72375 3452153 1230870 0.70090 0.72910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3182491 530940 100000 3613431 2815097 480982 480982 2815097 2651924 525888 362715 2815097 2815097 -63100 100073 2651924 2638052 177045 2815097 1.00000 1 0 223136 13161 209975 834329 764386 69943 24903 24903 0 279918 X 1638760 472271 472271 1166489 0 1166489 882045 0 882045 0 882045 Part V, Line 4: Funds are used for the general purposes of the Foundation, per the terms of the gift. Part X, Line 2: TISC is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by TISC in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. TISC's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed. Form 990, Part VI, Section B, line 11b Form 990 is reviewed by the Board of Directors prior to filing with the IRS. The Board of Directors and Executive Director review a comprehensive set of financial documents each month. Form 990, Part VI, Section B, line 12c Periodic reviews are conducted to ensure that TISC operates in a manner consistent with its charitable purpose. Form 990, Part VI, Section C, line 19 All policies are available to persons upon request. Each year TISC has a financial audit by an independent CPA firm which is also reviewed by the Board of Directors.