Nonprofit · EIN 46-0468229
PENINSULA YOUTH SAILING FOUNDATION
Tax-exempt · WOODSIDE, CA 94062
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $916,831 | $983,687 | -$66,856 | $294,680 | $157,464 | $137,216 |
| December 31, 2023 | 990 | $756,774 | $730,850 | $25,924 | $451,797 | $219,592 | $232,205 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $318,415
- of which government grants
- $158,631
- Program service revenue
- $593,457
- Investment income
- $4,959
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $492,943
- Salaries, compensation and benefits (total)
- $579,441
- Professional fundraising fees
- $0
- Accounting fees
- $17,145
- Occupancy
- $67,431
- Travel
- $28,900
- Depreciation
- $58,647
- Program services (functional)
- $961,527
- Management and general (functional)
- $22,160
Balance sheet and other
- Total assets, start of year
- $451,797
- Total assets, end of year
- $294,680
- Total liabilities, end of year
- $157,464
- Net assets, end of year
- $137,216
- Land, buildings and equipment
- $191,496
- Gross receipts
- $916,831
- Employees
- 29
- Volunteers
- 150
- Year formed
- 2002
- State of legal domicile
- CA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY O'BRYAN | EXECUTIVE DI Officer | 40 | $132,987 |
| TIAGO DIAS | DIRECTOR Trustee or director | 2 | $0 |
| KATHERINE HUMPHREYS | DIRECTOR Trustee or director | 2 | $0 |
| STEVEN KAN | CHAIRMAN Trustee or director | 2 | $0 |
| CHRIS MORROW | TREASURER Trustee or director | 8 | $0 |
| DIANA PSYRAS | SECRETARY Trustee or director | 2 | $0 |
| CHRISTOPHER WENISCH | DIRECTOR Trustee or director | 2 | $0 |
| KIMBERLY WULLSCHLEGER | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY VANDEMOER | EXECUTIVE DI Officer | 40 | $129,864 |
| WINSTON BUMPUS | TREASURER Officer | 10 | $0 |
| KATE GLASSON | SECRETARY Officer | 0.5 | $0 |
| KATE HUMPHREYS | DIRECTOR Officer | 0.5 | $0 |
| STEVEN KAN | CHAIRMAN Officer | 0.5 | $0 |
| KATIE PETTIBONE | DIRECTOR Officer | 0.5 | $0 |
| KIM WULLSCHLEGER | DIRECTOR Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 620866, WOODSIDE, CA 94062-0866
- In care of
- % GRAHAM FINLAYSON
- Principal officer (990 for 2024)
- MOLLY O'BRYAN, PO BOX 620866, WOODSIDE, CA 94062
- Signed the 990
- MOLLY O'BRYAN, EXECUTIVE DIRECTOR
- Phone
- (650) 851-5144
- Website
- HTTP://WWW.PYSF.US
- Return prepared by
- RPCTAX LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 46-0468229 or by the name PENINSULA YOUTH 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
TO SUPPORT AMATEUR YOUTH SAILING BY PROVIDING INSTRUCTION AND FACILITIES TO ACCOMODATE SAILORS OF ALL SKILL LEVELS AND SOCIOECONOMIC BACKGROUNDS.
Program accomplishments
- PENINSULA YOUTH SAILING FOUNDATION PROVIDES INSTRUCTION ON MARITIME SAFETY, SAILING AND SAILBOAT RACING THROUGH COACHING AFTER SCHOOL AND ON WEEKENDS FOR YOUTH AGES 8-18 YEARS OLD. STUDENTS LEARN TO SAIL VARIOUS SAILBOATS AND LEARN BASIC SAILING INSTRUCTIONS AND SAFETY, AND PROGRESS TO COMPETE AS PART OF A TEAM IN HIGH SCHOOL REGATTAS THROUGHOUT CALIFORNIA. ADDITIONALLY, JUNIOR RACING PROVIDES AN OPPORTUNITY FOR SAILORS TO LEARN HOW TO SAIL IN OPTIMIST, 420 AND LASER SAILBOATS AND TO COMPETE IN REGATTAS THROUGHOUT THE US IN THE SPRING SEASON. WE HAD OVER 110 YOUTH SAIL IN THE SPRING SEASON IN 2024.Expenses $197,588 · revenue $159,385
- DURING THE SUMMER, PENINSULA YOUTH SAILING FOUNDATION HOLDS 1-2 WEEK LONG SUMMER CAMPS FOR YOUTH (8 TO 18 YEARS OLD). CLASSES RANGE FROM BASIC SAILING INSTRUCTION AND SAFETY TO MORE ADVANCED RACING TACTICS. WE HAD APPROXIMATELY 300 YOUTH PARTICIPATE IN SUMMER CAMPS IN 2024.Expenses $427,640 · revenue $214,445
- PENINSULA YOUTH SAILING FOUNDATION PROVIDES INSTRUCTION ON MARITIME SAFETY, SAILING AND SAILBOAT RACING THROUGH COACHING AFTER SCHOOL AND ON WEEKENDS FOR YOUTH AGES 8-18 YEARS OLD. STUDENTS LEARN TO SAIL VARIOUS SAILBOATS AND LEARN BASIC SAILING INSTRUCTIONS AND SAFETY, AND PROGRESS TO COMPETE AS PART OF A TEAM IN HIGH SCHOOL REGATTAS THROUGHOUT CALIFORNIA. ADDITIONALLY, JUNIOR RACING PROVIDES AN OPPORTUNITY FOR SAILORS TO LEARN HOW TO SAIL IN OPTIMIST, 420 AND LASER SAILBOATS AND TO COMPETE IN REGATTAS THROUGHOUT THE US IN THE FALL SEASON. WE HAD OVER 130 YOUTH SAIL IN THE FALL SEASON IN 2024.Expenses $336,299 · revenue $219,627
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0468229
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60)
- Assets (IRS master file)
- $294,680
- Income (IRS master file)
- $916,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $916,831 | $983,687 | $294,680 | XML |
| 990 | December 2023 | $756,774 | $730,850 | $451,797 | XML |
| 990 | December 2022 | $708,019 | $761,886 | $370,891 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 46-0468229).
Questions about PENINSULA YOUTH SAILING FOUNDATION
- What is the EIN of PENINSULA YOUTH SAILING FOUNDATION?
- The employer identification number (EIN) of PENINSULA YOUTH SAILING FOUNDATION is 46-0468229.
- Is PENINSULA YOUTH SAILING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to PENINSULA YOUTH SAILING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENINSULA YOUTH SAILING FOUNDATION 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 PENINSULA YOUTH SAILING FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENINSULA YOUTH SAILING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PENINSULA YOUTH SAILING FOUNDATION?
- The 990 for the year ended December 31, 2024 names MOLLY O'BRYAN.
- Who are the officers and directors of PENINSULA YOUTH SAILING FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $132,987 (MOLLY O'BRYAN, EXECUTIVE DI).
- How much revenue does PENINSULA YOUTH SAILING FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $916,831, expenses of $983,687 and total assets of $294,680 at year end.
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All nonprofits in WOODSIDE · California · Recreation and sports