Nonprofit · EIN 01-0778616
CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION
Tax-exempt · SAN DIEGO, CA 92106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $68,775 | $77,917 | -$9,142 | $118,460 | – | $118,460 |
| December 31, 2024 | 990-EZ | $108,095 | $111,174 | -$3,079 | $127,602 | – | $127,602 |
| December 31, 2023 | 990-EZ | $78,757 | $91,183 | -$12,426 | $130,681 | – | $130,681 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $13,025
- Membership dues
- $27,669
- Program service revenue
- $28,072
- Investment income
- $9
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,584
- Printing, publications and postage
- $54
- Other expenses
- $75,279
- Program services (functional)
- $60,907
Balance sheet and other
- Total assets, start of year
- $127,602
- Total assets, end of year
- $118,460
- Total liabilities, end of year
- –
- Net assets, end of year
- $118,460
- Cash, savings and investments
- $22,460
- Land and buildings
- $96,000
- Gross receipts
- $68,775
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chuck Bowers | Jr. Staff Commodore | 1 | $0 |
| Dale Greaney | Commodore and President | 2 | $0 |
| Shelly Raming | Treasurer | 4 | $0 |
| Colleen Cooke | Race Committee Chair | 3 | $0 |
| Renee Hirsh | Director at Large | 2 | $0 |
| MD Margo | Director at Large | 2 | $0 |
| Jerry Lewis | Vice Commodore | 2 | $0 |
| Susi Graff | Communications Director | 3 | $0 |
| Keith Ericson | Secretary | 2 | $0 |
| Chris Seidel | Rear Commodore | 2 | $0 |
| Toralf Strand | Fleet Captain | 1 | $0 |
| Connor Hancock | Membership Director | 1 | $0 |
| Carolyn Sherman | PHRF Representative | 1 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chuck Bowers | Commodore | 1 | $0 |
| Dale Greaney | Rear Commodore | 1 | $0 |
| Shelly Raming | Treasurer | 1 | $0 |
| Ryan Rogers | Fleet Captain | 1 | $0 |
| Colleen Cooke | Race Committee Chair | 1 | $0 |
| Lynsi Gibbons | Membership Director | 1 | $0 |
| Renee Hirsh | Director at Large | 1 | $0 |
| MD Margo | Director at Large | 1 | $0 |
| Jerry Lewis | PHRF Representative | 1 | $0 |
| Susi Graff | Communications Director | 1 | $0 |
| Keith Ericson | Secretary | 1 | $0 |
| Rich Chambers | Jr. Staff Commodore | 1 | $0 |
990-EZ for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chuck Bowers | Commodore | 1 | $0 |
| Jay Sorensen | Vice Commodore | 1 | $0 |
| Dale Greaney | Rear Commodore | 1 | $0 |
| Shelly Raming | Treasurer | 1 | $0 |
| Ryan Rogers | Fleet Captain | 1 | $0 |
| Colleen Cooke | Race Committee Chair | 1 | $0 |
| Lynsi Gibbons | Membership Director | 1 | $0 |
| Renee Hirsh | Director at Large | 1 | $0 |
| MD Margo | Director at Large | 1 | $0 |
| Jerry Lewis | PHRF Representative | 1 | $0 |
| Susi Graff | Communications Director | 1 | $0 |
| Keith Ericson | Secretary | 1 | $0 |
| Rich Chambers | Jr. Staff Commodore | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2907 SHELTER ISLAND DRIVE STE 105-5, SAN DIEGO, CA 92106-2797
- In care of
- % SHELLY RAMING
- Signed the 990-EZ
- SHELLY RAMING, TREASURER
- Phone
- (858) 232-7725
- Website
- WWW.CORTEZRACING.COM
- Return prepared by
- Munger & Company CPAs
California records
California keeps its own records of charities and corporations. Search them by EIN 01-0778616 or by the name CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PROMOTE CORINTHIAN SAILBOAT RACING AND BROADEN PARTICIPATION.
Program accomplishments
- SEE SCHEDULE O.
- ORGANIZE AND MANAGE ANNUAL BEER CAN SERIES - 10 WEEKLY RACES EACH WEDNESDAY NIGHT DURING THE SUMMER WITH 100 SAILBOATS WITH AVERAGE CREW OF 6.Expenses $16,691
- ORGANIZE AND MANAGE YACHT RACES - 12 WEEKEND REGATTAS WERE HELD. ALL RACES ARE OPEN TO BOTH MEMBERS AND NON-MEMBERS WITH MORE THAN 1,000 SAILORS PARTICIPATING DUIRING THE YEAR.Expenses $44,216
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 01-0778616
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70)
- Assets (IRS master file)
- $118,460
- Income (IRS master file)
- $68,775
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $68,775 | $77,917 | $118,460 | XML |
| 990-EZ | December 2024 | $108,095 | $111,174 | $127,602 | XML |
| 990-EZ | December 2023 | $78,757 | $91,183 | $130,681 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0778616).
Questions about CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION
- What is the EIN of CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION?
- The employer identification number (EIN) of CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION is 01-0778616.
- Is CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION?
- The 990-EZ for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does CORTEZ RACING ASSOCIATION A CALIFORNIA CORPORATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $68,775, expenses of $77,917 and total assets of $118,460 at year end.
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