Nonprofit · EIN 94-2702731
MONTEREY PENINSULA YOUTH SAILING FOUNDATION
Tax-exempt (reinstated) · MONTEREY, CA 93942
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $61,801 | $91,155 | -$29,354 | $1,587,365 | $0 | $1,587,365 |
| December 31, 2023 | 990 | $43,924 | $33,090 | $10,834 | $1,428,027 | $0 | $1,428,027 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $17,466
- Program service revenue
- $0
- Investment income
- $32,985
- Net income from fundraising events
- $11,350
- Other revenue
- $11,350
Expenses
- Grants and similar amounts paid
- $84,095
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Program services (functional)
- $84,095
- Management and general (functional)
- $7,060
Balance sheet and other
- Total assets, start of year
- $1,428,027
- Total assets, end of year
- $1,587,365
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,587,365
- Publicly traded securities
- $1,526,040
- Gross receipts
- $61,801
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1980
- 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 |
|---|---|---|---|
| DAVID A MORRIS IV | PRESIDENT/CEO Trustee or director, Officer | 2 | $0 |
| DEBRA S MORRIS | SECRETARY/CFO Trustee or director, Officer | 1 | $0 |
| RICHARD CLARK | V.P./DIRECTOR Trustee or director, Officer | 1 | $0 |
| PARKER WOOD | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MACEWEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID A MORRIS IV | PRESIDENT/CEO Trustee or director, Officer | 2 | $0 |
| DEBRA S MORRIS | SECRETARY/CFO Trustee or director, Officer | 1 | $0 |
| RICHARD CLARK | V.P./DIRECTOR Trustee or director, Officer | 1 | $0 |
| PARKER WOOD | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MACEWEN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2222, MONTEREY, CA 93942-2222
- Mailing address (990-N for 2021)
- PO Box 2222, Monterey CA 93942
- Principal officer (990 for 2024)
- DAVID MORRIS, PO BOX 2222, MONTEREY, CA 93942
- Principal officer (990-N for 2021)
- David Morris, PO Box 2222, Monterey CA 93942
- Signed the 990
- DAVID A MORRIS IV, PRESIDENT
- Phone
- (831) 277-5602
- Website
- www.mpysf.org
- Return prepared by
- BIANCHI KASAVAN & POPE LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2702731 or by the name MONTEREY 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
THE SUPPORT EDUCATION AND PROMOTION OF SAFE BOATING/SAILING AND KNOWLEDGE OF RULES, REGULATIONS AND OCEAN ECOLOGY OF SUCH FOR THE YOUTH OF MONTEREY BAY MAINLY THROUGH GRANTS TO EXISTING JUNIOR SAILING PROGRAMS.
Program accomplishments
- JUNIOR SAILING PROGRAM - EQUIPMENT FOR MONTEREY PENINSULA YACHT CLUBExpenses $63,480 · grants $63,480
- JUNIOR SAILING PROGRAM - INFRASTRUCTURE FOR MONTEREY PENINSULA YACHT CLUBExpenses $8,598 · grants $8,598
- JUNIOR SAILING PROGRAM - INSTRUCTOR AND TRAINING FOR MONTEREY PENINSULA YACHT CLUB AND STILLWATER YACHT CLUBExpenses $12,017 · grants $12,017
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
- 94-2702731
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $1,587,365
- Income (IRS master file)
- $61,801
Revocation and reinstatement
- Exemption revoked
- May 15, 2019
- Posted by the IRS
- August 21, 2019
- Reinstated
- Effective March 15, 2020
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $61,801 | $91,155 | $1,587,365 | XML |
| 990 | December 2023 | $43,924 | $33,090 | $1,428,027 | XML |
| 990 | December 2022 | $1,403,766 | $44,645 | $1,244,940 | IRS |
| 990-N for 2021 Officer: David Morris | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Robert Dunaven | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Robert Dunaven | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 94-2702731).
Questions about MONTEREY PENINSULA YOUTH SAILING FOUNDATION
- What is the EIN of MONTEREY PENINSULA YOUTH SAILING FOUNDATION?
- The employer identification number (EIN) of MONTEREY PENINSULA YOUTH SAILING FOUNDATION is 94-2702731.
- Is MONTEREY PENINSULA YOUTH SAILING FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2019 and reinstated it effective March 15, 2020.
- Are donations to MONTEREY PENINSULA YOUTH SAILING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTEREY 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 MONTEREY 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 MONTEREY 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 MONTEREY PENINSULA YOUTH SAILING FOUNDATION?
- The 990 for the year ended December 31, 2024 names DAVID MORRIS.
- Who are the officers and directors of MONTEREY PENINSULA YOUTH SAILING FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does MONTEREY PENINSULA YOUTH SAILING FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $61,801, expenses of $91,155 and total assets of $1,587,365 at year end.
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