2025-08-06T10:03:49-05:00 2024-12-31 472310177 GELMAN LLP 1 PARK PLAZA STE 950 IRVINE CA 92614 990 2024-01-01 272105969 INTERNATIONAL SURFING ASSOCIATION INC INTE 8585518580 2187 NEWCASTLE AVE 100 CARDIFF CA 92007 ROBERT FASULO EXECUTIVE DIRECTOR 8585518580 2025-07-09 1 1 SERGIO VASQUEZ CPA P01395480 7146672600 2024 2025-03-06 01:10:19Z ROBERT FASULO 2187 NEWCASTLE AVE 100 CARDIFF CA 92007 5718444 0 X ISASURF.ORG X 2010 CA TO DEVELOP AND PROMOTE THE SPORT OF SURFING GLOBALLY. THE ORGANIZATION IS RECOGNIZED BY THE INTERNATIONAL OLYMPIC COMMITTEE AS THE WORLD GOVERNING AUTHORITY FOR SURFING, STANDUP PADDLE (SUP) SURFING AND RACING, AND ALL OTHER WAVE RIDING ACTIVITIES. ADDITIONALLY, THE ORGANIZATION PROMOTES EDUCATIONAL DEVELOPMENT PROGRAMS THROUGHOUT THE WORLD INCLUDING INTERNATIONAL SCHOLARSHIPS FOR UNDER 18 JUNIOR SURFERS. PROMOTES TRAINING DEVELOPMENT PROGRAMS THROUGHOUT THE WORLD FOR JUDGING AND COACHING IN INTERNATIONAL WAVE RIDING COMPETITIONS. TO ORGANIZE, SUPERVISE AND OPERATE THE SURF SCHOOL PROGRAMS THROUGHOUT THE WORLD. TO DEDICATE RESOURCES AND EFFORTS TOWARDS THE INCLUSION OF WAVE RIDING SPORTS INTO THE OLYMPICS. 8 8 8 500 0 0 839491 831739 3842190 4825635 43401 38551 43162 20960 4768244 5716885 0 0 0 0 1106101 1250150 0 0 0 3803794 4373619 4909895 5623769 -141651 93116 4263048 2659908 2358807 638972 1904241 2020936 X TO DEVELOP AND PROMOTE THE SPORT OF SURFING GLOBALLY. THE ORGANIZATION IS RECOGNIZED BY THE INTERNATIONAL OLYMPIC COMMITTEE AS THE WORLD GOVERNING AUTHORITY FOR SURFING, STANDUP PADDLE (SUP) SURFING AND RACING, AND ALL OTHER WAVE RIDING ACTIVITIES. ADDITIONALLY, THE ORGANIZATION PROMOTES EDUCATIONAL DEVELOPMENT PROGRAMS THROUGHOUT THE WORLD INCLUDING INTERNATIONAL SCHOLARSHIPS FOR UNDER 18 JUNIOR SURFERS. PROMOTES TRAINING DEVELOPMENT PROGRAMS THROUGHOUT THE WORLD FOR JUDGING AND COACHING IN INTERNATIONAL WAVE RIDING COMPETITIONS. TO ORGANIZE, SUPERVISE AND OPERATE THE SURF SCHOOL PROGRAMS THROUGHOUT THE WORLD. TO DEDICATE RESOURCES AND EFFORTS TOWARDS THE INCLUSION OF WAVE RIDING SPORTS INTO THE OLYMPICS. 0 0 421571 2160374 THE ISA WORLD SURFING GAMES SHOWCASES THE BEST SURFERS FROM AROUND THE WORLD. THE WORLD SURFING GAMES CROWNS INDIVIDUAL GOLD MEDALS IN TWO DIVISIONS - OPEN MEN AND OPEN WOMEN; AS WELL AS AN OVERALL TEAM CHAMPION. 467714 666485 TO PROMOTE TRAINING & EDUCATIONAL DEVELOPMENT PROGRAMS THROUGHOUT THE WORLD FOR JUDGING AND COACHING INCLUDING INTERNATIONAL SCHOLARSHIPS FOR UNDER 18 JUNIOR SURFERS. ADDITIONALLY, DEDICATING RESOURCES AND EFFORTS TOWARDS THE INCLUSION OF WAVE RIDING SPORTS INTO THE OLYMPICS. 358096 748700 THE ISA WORLD JUNIOR SURFING CHAMPIONSHIP SHOWCASES THE BESTYOUNG SURFERS FROM AROUND THE WORLD. THE WORLD CHAMPIONSHIP CROWNSINDIVIDUAL GOLD MEDALS IN FOUR DIVISIONS - UNDER-18 BOYS, UNDER-16BOYS, UNDER-18 GIRLS, AND UNDER-16 GIRLS; AS WELL AS AN OVERALL TEAMCHAMPION. 3571397 1250076 WORLD PARA SURFING CHAMPIONSHIP, WORLD SUP & PADDLEBOARD CHAMPIONSHIPS, THE OLYMPICS, & WORLD LONGBOARD SURFING CHAMPIONSHIP. 3571397 1250076 4818778 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 8 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X ROBERT FASULO 8585518580 2187 NEWCASTLE AVENUE SUITE 100 CARDIFF CA 92007 FERNANDO AGUERRE PRESIDENT 20.00 X X 0 0 0 KARIN SIERRALTA VICE PRESIDENT 1.00 X X 0 0 0 SALLY FITZGIBBONS VICE PRESIDENT 1.00 X X 0 0 0 BARBARA KENDALL VICE PRESIDENT 1.00 X X 0 0 0 JEAN-LUC ARASSUS VICE PRESIDENT 1.00 X X 0 0 0 KIMIFUMI IMOTO MEMBER 1.00 X 0 0 0 JACOB FAERCH MEMBER 1.00 X 0 0 0 JUSTINE DUPONT MEMBER 1.00 X 0 0 0 ROBERT FASULO EXECUTIVE DIRECTOR 40.00 X 408490 0 0 408490 0 0 1 0 1 0 0 54739 777000 831739 WSG - INCOME 711300 2160374 2160374 WJSC - INCOME 711300 748700 748700 DEVELOPMENT PROGRAMS 900099 666485 666485 WSUPPC - INCOME 711300 345552 345552 WPSC - INCOME 711300 334161 334161 570363 570363 4825635 40110 40110 1559 -1559 -1559 -1559 LICENSING FEES 900099 11627 11627 OTHER REVENUE 711300 5301 5301 SERVICES AND OTHER FEE 711300 4032 4032 20960 5716885 4845036 0 40110 X 408490 245094 163396 653478 392087 261391 108451 65071 43380 79731 47839 31892 14145 14145 90200 90200 326640 326640 471822 469374 2448 209539 209539 55175 36958 18217 92567 55540 37027 141452 84871 56581 43972 26383 17589 1583 1583 2603 2603 10697 6418 4279 EVENT EXPENSES 2768872 2768872 BANK SERVICE CHARGES 52561 328 52233 PROGRAM SUPPLIES 47793 47793 MISCELLANEOUS 22067 21688 379 21931 14283 7648 5623769 4818778 804991 0 3373835 490435 3864 1609326 378741 142969 14876 35000 10526 2518 7037 8008 484695 374170 4263048 2659908 94439 92717 1704673 0 559695 546255 2358807 638972 X 0 0 0 0 1904241 2020936 1904241 2020936 4263048 2659908 93116 23579 0 X 0 1 X 0 0 X 1405850 1628700 1541076 839491 831739 6246856 1405850 1628700 1541076 839491 831739 6246856 0 0 0 6246856 19561 49502 27636 26251 15659 138609 1425411 1678202 1568712 865742 847398 6385465 0.97830 0.97520 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10526 2518 8008 8008 SECURITY DEPOSIT 10503 RIGHT OF USE ASSET, OPERATING 363667 374170 EVENT DEPOSITS 65000 OTHER ACCRUED EXPENSES 104616 OPERATING LEASE - SHORT TERM 116980 OPERATING LEASE - LONG TERM 259659 546255 X 5740464 23579 23579 5716885 0 5716885 5623769 0 5623769 0 5623769 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING JURISDICTIONS. MANAGEMENT HAS PERFORMED AN ANALYSIS OF POTENTIAL UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE CHANGED UPON EXAMINATION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN MANAGEMENT AND GENERAL EXPENSES. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. X X 0 0 0 0 0 0 0 0 0 ROBERT FASULO EXECUTIVE DIRECTOR 408490 0 0 0 0 0 0 0 0 0 408490 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A APPROVAL OF NEW MEMBERS AT BIENNIAL GENERAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B BIENNIAL GENERAL MEETING OF GENERAL ASSEMBLY CONSIDERS FINANCIAL STATEMENTS, ELECTION OF PERSONS TO SERVE, EXECUTIVE APPROBAL OF NEW MEMBERS AND CONSTITUTIONAL AMENDMENTS. FORM 990, PART VI, SECTION B, LINE 11B SPECIFIC OFFICERS REVIEW THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ARTICLE I A.PURPOSE - THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE INTERNATIONAL SURFING ASSOCIATIONS (ISA) INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. ARTICLE II - DEFINITIONS 1. INTERESTED PERSON - ANY DIRECTOR, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST AS DEFINED BELOW IS AN INTERESTED PERSON. 2 - FINANCIAL INTEREST. A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS DIRECTLY OR INDIRECTLY THROUGH BUSINESS INVESTMENT OR FAMILY OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE ISA HAS A TRANSACTION OR ARRANGEMENT, COMPENSATION ARRANGEMENT WITH THE ISA OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ISA HAS A TRANSACTION OR ARRANGEMENT OR POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN OR COMPENSATION ARRANGEMENT WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ISA IS NEGOTIAT1NG A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE NOT INSUBSTANTIAL. A FINANCIAL INTEREST IS NOT NECESSARILY A CONFLICT OF INTEREST UNDER ARTICLE III SECTION 2. A PERSON WHO HAS A FINANCIAL INTEREST MAY HAVE A CONFLICT OF INTEREST ONLY IF THE APPROPRIATE GOVERNING BOARD OR COMMITTEE DECIDES THAT A CONFLICT OF INTEREST EXISTS. ARTICLE III-PROCEDURES 1. DUTY TO DISCLOSE-IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. 2. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS-AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON HE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST-AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING BUT AFTER THE PRESENTATION HE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF AND THE VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ISA CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATIONS BEST INTEREST FOR ITS OWN BENEFIT AND WHETHER IT IS FAIR AND REASONABLE IN CONFORMITY WITH THE ABOVE DETERMINATION. IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. 4. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY-IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. AFTER HEARING THE MEMBERS RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, IF THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ARTICLE IV-RECORDS OF PROCEEDINGS-THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: A.THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE GOVERNING BOARDS OR COMMITTEES DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. B. THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS AN ACTIVE MEMBER OF OTHER NOT FOR PROFIT ORGANIZATIONS AND IS ALSO ACTIVE IN BUSINESS. THE PRESIDENT DOES COMPARE COMPENSATION TO OTHER NOT FOR PROFITS AND INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G DEVELOPMENT EXPENSES: PROGRAM SERVICE EXPENSES 467,714. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 467,714. PROFESSIONAL FEES/PAYMENTS TO CONTRACTORS: PROGRAM SERVICE EXPENSES 1,660. MANAGEMENT AND GENERAL EXPENSES 2,448. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,108. FORM 990, PART IX, LINE 24E BAD DEBT: PROGRAM SERVICE EXPENSES 9,088. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,088. TELEPHONE: PROGRAM SERVICE EXPENSES 5,195. MANAGEMENT AND GENERAL EXPENSES 3,463. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,658. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,185. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,185.