Nonprofit · EIN 68-0405142
DIPSEA RACE FOUNDATION
Tax-exempt · MILL VALLEY, CA 94942
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $82,675 | $106,515 | -$23,840 | $879,632 | $0 | $879,632 |
| December 31, 2024 | 990 | $113,824 | $142,843 | -$29,019 | $903,472 | $0 | $903,472 |
| December 31, 2023 | 990 | $49,020 | $67,670 | -$18,650 | $932,491 | $0 | $932,491 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $70,213
- Program service revenue
- $10,700
- Investment income
- $1,762
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $15,100
- Compensation of officers, directors and key employees
- $25,000
- Salaries, compensation and benefits (total)
- $25,000
- Professional fundraising fees
- $0
- Accounting fees
- $3,078
- Travel
- $162
- Depreciation
- $3,073
- Program services (functional)
- $75,152
- Management and general (functional)
- $29,243
- Fundraising (functional)
- $2,120
Balance sheet and other
- Total assets, start of year
- $903,472
- Total assets, end of year
- $879,632
- Total liabilities, end of year
- $0
- Net assets, end of year
- $879,632
- Land, buildings and equipment
- $20,881
- Net assets without donor restrictions
- $95,853
- Net assets with donor restrictions
- $783,779
- Gross receipts
- $82,675
- Employees
- 0
- Year formed
- 1997
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Leon Hunting | Executive Dir. Trustee or director | 25 | $24,000 |
| Mervyn Regan | President Trustee or director, Officer | 5 | $1,000 |
| Louis Encalada | Director Trustee or director, Officer | 2 | $0 |
| Monica Farrar | Secretary Trustee or director | 2 | $0 |
| Pauli Larsen | Vice President Trustee or director | 2 | $0 |
| Stephen B Tracy | Treasurer Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Leon Hunting | Executive Dir. Trustee or director | 25 | $17,000 |
| Mervyn Regan | President Trustee or director, Officer | 5 | $0 |
| Louis Encalada | Director Trustee or director, Officer | 2 | $0 |
| Monica Farrar | Secretary Trustee or director | 2 | $0 |
| Pauli Larsen | Vice President Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mervyn Regan | President Trustee or director, Officer | 5 | $0 |
| Louis Encalada | Director Trustee or director, Officer | 2 | $0 |
| Monica Farrar | Secretary Trustee or director | 2 | $0 |
| Leon Hunting | Director Trustee or director | 2 | $0 |
| Ana Levaggi | Director Trustee or director | 0 | $0 |
| Charles Miller | Director Trustee or director | 2 | $0 |
| Todd Steeves | Treasurer Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 10, MILL VALLEY, CA 94942-0010
- Principal officer (990 for 2025)
- Stephen B Tracy, PO Box 10, Mill Valley, CA 94942
- Signed the 990
- Stephen B Tracy, Treasurer
- Phone
- (415) 990-1630
- Website
- www.dipseafoundation.org
- Return prepared by
- Richard K Chinlund CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 68-0405142 or by the name DIPSEA RACE 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
Preserve historic Dipsea tradition and encourage persons of all ages to appreciate and protect the Dipsea trail.
Program accomplishments
- 1. The Dipsea Kidz Program - a free running club held for young children after school at 2 seperate school sites in Marin County which have a large percentage of students that qualify for free lunch. The programs run in the fall and include participation in county-wide cross country meets; including a 5k fun run to cap off the season. In the Spring, the program contnues and includes participation in county wide track meets and some of the runners continue to train for the Dipsea Race, a 7.5 mile trail run starting in Mill Valley over Mount Tamalpais ending in Stinson Beach. There are 50-60 student participants each season. Running shoes and running shirts are provided for those who cannot afford them, as well as snacks. This program also provides leadership roles as evidenced by runners who have gone on to run in high school have come back to mentor the younger runners.2. The Dipsea Race Foundation awarded 3 highly competitive college scholarships to deserving High school students in the amount of $5,000 each.3. The Dipsea Race Foundation performed maintenance on the Dipsea Trail including repairs and replacement railings on the Dipsea stairs at multiple locations.Expenses $75,152
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 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
- 68-0405142
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70)
- Assets (IRS master file)
- $879,632
- Income (IRS master file)
- $82,675
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $82,675 | $106,515 | $879,632 | IRS |
| 990 | December 2024 | $113,824 | $142,843 | $903,472 | XML |
| 990 | December 2023 | $49,020 | $67,670 | $932,491 | XML |
| 990 | December 2022 | $118,340 | $123,211 | $951,141 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 68-0405142).
Questions about DIPSEA RACE FOUNDATION
- What is the EIN of DIPSEA RACE FOUNDATION?
- The employer identification number (EIN) of DIPSEA RACE FOUNDATION is 68-0405142.
- Is DIPSEA RACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to DIPSEA RACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DIPSEA RACE 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 DIPSEA RACE 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 DIPSEA RACE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DIPSEA RACE FOUNDATION?
- The 990 for the year ended December 31, 2025 names Stephen B Tracy.
- Who are the officers and directors of DIPSEA RACE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 6 people; 2 received compensation from the organization, the highest $24,000 (Leon Hunting, Executive Dir.).
- How much revenue does DIPSEA RACE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $82,675, expenses of $106,515 and total assets of $879,632 at year end.
Other nonprofits in MILL VALLEY
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- HARBOR POINT CHARITABLE FOUNDATION EIN 30-0276087 · last filed 990 for 2024
- TENNESSEE VALLEY STABLES FOUNDATION EIN 94-3212011 · last filed 990-EZ for 2025
- FIRST BASE FOUNDATION EIN 37-1499235 · last filed 990 for 2025
- CALIFORNIA GRIZZLIES EIN 90-0177206 · last filed 990-EZ for 2025
- VERTICAL HORIZONS EIN 93-3836608 · last filed 990-N for 2025
- SAN FRANCISCO BAY KNARR ASSOCIATION EIN 81-1661764 · last filed 990-EZ for 2025
All nonprofits in MILL VALLEY · California · Recreation and sports