Nonprofit · EIN 26-3550483
LOS ANGELES SAILING FOUNDATION
Tax-exempt · SAN PEDRO, CA 90731
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $49,500 | $52,722 | -$3,222 | $112,112 | – | $112,112 |
| December 31, 2024 | 990-EZ | $34,730 | $33,142 | $1,588 | $115,334 | – | $115,334 |
| December 31, 2023 | 990-EZ | $34,150 | $35,459 | -$1,309 | $113,746 | – | $113,746 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $49,500
Expenses
- Grants and similar amounts paid
- $49,885
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,595
- Other expenses
- $1,242
- Program services (functional)
- $49,885
Balance sheet and other
- Total assets, start of year
- $115,334
- Total assets, end of year
- $112,112
- Total liabilities, end of year
- –
- Net assets, end of year
- $112,112
- Cash, savings and investments
- $80,528
- Gross receipts
- $49,500
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 |
|---|---|---|---|
| TERRANCE BROWN | President | 4 | $0 |
| BILL ROGERS | Director | 1 | $0 |
| JAMES MORGAN | DIRECTOR | 1 | $0 |
| MALCOLM D MCDUFFIE | Treasurer/Secre | 4 | $0 |
| MIKE SHOOK | Director | 1 | $0 |
| DAVID CALLOWAY | Director | 1 | $0 |
| SAGE MARIE | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRANCE BROWN | President | 4 | $0 |
| BILL ROGERS | Director | 1 | $0 |
| JAMES MORGAN | DIRECTOR | 1 | $0 |
| MALCOLM D MCDUFFIE | Treasurer/Secre | 4 | $0 |
| MIKE SHOOK | Director | 1 | $0 |
| DAVID CALLOWAY | Director | 1 | $0 |
| SAGE MARIE | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRANCE BROWN | President | 4 | $0 |
| BILL ROGERS | Director | 1 | $0 |
| JAMES MORGAN | DIRECTOR | 1 | $0 |
| MALCOLM D MCDUFFIE | Treasurer/Secre | 4 | $0 |
| MIKE SHOOK | Director | 1 | $0 |
| DAVID CALLOWAY | Director | 1 | $0 |
| SAGE MARIE | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 285 WHALERS WALK, SAN PEDRO, CA 90731-7277
- In care of
- % ERIC GRAY
- Mailing address (990-N for 2019)
- 285 Whalers Walk, San Pedro CA 90731
- Principal officer (990-N for 2019)
- Terrance Brown, 2156 Alcyona Drive, Los Angeles CA 90068
- Signed the 990-EZ
- MALCOLM D MCDUFFIE, Treasurer
- Phone
- (310) 831-1203
- Return prepared by
- Charles McDonough Accountancy Corp
California records
California keeps its own records of charities and corporations. Search them by EIN 26-3550483 or by the name LOS ANGELES SAILING FOUNDATION.
- 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
OUR FOUNDATION HAS BEEN ESTABLISHED TO SUPPORT THE SPORT OF SAILING AND TO PROMOTE THE STEWARDSHIP OF THE MARINE ENVIRONMENT. WE REACH OUT TO YOUTH AND TO THOSE WHO WOULD NOT NORMALLY HAVE ACCESS TO SAILING AND MARINE EXPERIENCE BY OFFERING SAILING SCHOLARSHIPS, EDUCATION, AND BY SUPPORTING RELEVANT PROGRAMS AND ORGANIZATIONS.
Program accomplishments
- DURING 2025 THE LOS ANGELES SAILING FOUNDATION MADE GRANTS TO THE LOS ANGELES YACHT CLUB TO SUPPORT THE BOATS OWNED BY LOS ANGELES SAILING FOUNDATION AND CHARTERED TO LOS ANGELES YACHT CLUB FOR USE IN ITS COMMUNITY SAILING AND AS A SAILING PROGRAMS FOR HARBOR CUP INTERCOLLEGIATE REGATTA IN ADDITION THE FOUNDATION SUPPORTS THE LETS GO SAILING EVENT.Expenses $49,885 · grants $49,885
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 26-3550483
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $112,112
- Income (IRS master file)
- $49,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $49,500 | $52,722 | $112,112 | IRS |
| 990-EZ | December 2024 | $34,730 | $33,142 | $115,334 | XML |
| 990-EZ | December 2023 | $34,150 | $35,459 | $113,746 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Terrance Brown | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2018 | – | – | – | 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 26-3550483).
Questions about LOS ANGELES SAILING FOUNDATION
- What is the EIN of LOS ANGELES SAILING FOUNDATION?
- The employer identification number (EIN) of LOS ANGELES SAILING FOUNDATION is 26-3550483.
- Is LOS ANGELES SAILING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to LOS ANGELES SAILING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOS ANGELES SAILING FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LOS ANGELES SAILING FOUNDATION 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 LOS ANGELES SAILING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of LOS ANGELES SAILING FOUNDATION?
- The 990-N for 2019 names Terrance Brown.
- Who are the officers and directors of LOS ANGELES SAILING FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LOS ANGELES SAILING FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $49,500, expenses of $52,722 and total assets of $112,112 at year end.
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