Nonprofit · EIN 94-2956977
ST FRANCIS SAILING FOUNDATION
Tax-exempt · SAN FRANCISCO, CA 94104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $641,606 | $449,796 | $191,810 | $8,117,884 | $3,675 | $8,114,209 |
| December 31, 2023 | 990 | $460,558 | $560,118 | -$99,560 | $7,733,728 | $17,700 | $7,716,028 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $82,015
- Program service revenue
- $0
- Investment income
- $559,591
- Net gain from sales of assets
- $178,567
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $357,580
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,232
- Accounting fees
- $52,850
- Depreciation
- $11,626
- Program services (functional)
- $383,361
- Management and general (functional)
- $63,435
- Fundraising (functional)
- $3,000
Balance sheet and other
- Total assets, start of year
- $7,733,728
- Total assets, end of year
- $8,117,884
- Total liabilities, end of year
- $3,675
- Net assets, end of year
- $8,114,209
- Land, buildings and equipment
- $39,106
- Net assets without donor restrictions
- $5,461,582
- Net assets with donor restrictions
- $2,652,627
- Gross receipts
- $641,606
- Employees
- 0
- Volunteers
- 23
- Year formed
- 1984
- 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 |
|---|---|---|---|
| ROLF KAISER | PAST PRESIDENT Trustee or director | 5 | $0 |
| WILLIAM HOEHLER | SECRETARY Trustee or director, Officer | 10 | $0 |
| GREG MEAGHER | TREASURER Trustee or director, Officer | 10 | $0 |
| PAMELA HEALY | PAST PRESIDENT Trustee or director | 5 | $0 |
| WILLIAM LEROY | PRESIDENT EMIRITUS Trustee or director | 5 | $0 |
| MIKE MARTIN | DIRECTOR Trustee or director | 5 | $0 |
| PETER STONEBERG | DIRECTOR Trustee or director | 5 | $0 |
| MICHELLE SLADE | DIRECTOR Trustee or director | 5 | $0 |
| MICHELLE HARRIS | DIRECTOR Trustee or director | 5 | $0 |
| MAUREEN RODDY | DIRECTOR Trustee or director | 5 | $0 |
| PAUL HEINEKEN | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| JENNY SWETT | DIRECTOR Trustee or director | 5 | $0 |
| KIMBALL LIVINGSTON | DIRECTOR Trustee or director | 5 | $0 |
| STEPHANIE MARTIN | DIRECTOR Trustee or director | 5 | $0 |
| MOLLY CARAPIET | DIRECTOR Trustee or director | 5 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH LITTLE | PRESIDENT Trustee or director, Officer | 10 | $0 |
| AL SARGENT | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROLF KAISER | PRESIDENT Trustee or director, Officer | 10 | $0 |
| WILLIAM HOEHLER | SECRETARY Trustee or director, Officer | 10 | $0 |
| GREG MEAGHER | TREASURER Trustee or director, Officer | 10 | $0 |
| PAMELA HEALY | PAST PRESIDENT Trustee or director | 5 | $0 |
| BILL KREYSLER | PAST PRESIDENT Trustee or director | 5 | $0 |
| MIKE MARTIN | DIRECTOR Trustee or director | 5 | $0 |
| PETER STONEBERG | DIRECTOR Trustee or director | 5 | $0 |
| MICHELLE SLADE | DIRECTOR Trustee or director | 5 | $0 |
| MICHELLE HARRIS | DIRECTOR Trustee or director | 5 | $0 |
| MAUREEN RODDY | DIRECTOR Trustee or director | 5 | $0 |
| PAUL HEINEKEN | DIRECTOR Trustee or director | 5 | $0 |
| JENNY SWETT | DIRECTOR Trustee or director | 5 | $0 |
| PAM RORKE LEVY | DIRECTOR Trustee or director | 5 | $0 |
| KIMBALL LIVINGSTON | DIRECTOR Trustee or director | 5 | $0 |
| ELIZABETH ANATHAN | DIRECTOR Trustee or director | 5 | $0 |
| MOLLY CARAPIET | DIRECTOR Trustee or director | 5 | $0 |
| ELIZABETH LITTLE | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 551, SAN FRANCISCO, CA 94104-0551
- Principal officer (990 for 2024)
- GREG MEAGHER, 150 SUTTER STREET PO BOX 551, SAN FRANCISCO, CA 94104
- Signed the 990
- GREG MEAGHER, TREASURER
- Phone
- (510) 541-2543
- Website
- WWW.STFSF.ORG
- Return prepared by
- SD MAYER & ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2956977 or by the name ST FRANCIS 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 FOUNDATION SUPPORTS THE TRAINING, DEVELOPMENT AND PARTICIPATION OF AMATEUR SAILORS IN NATIONAL AND INTERNATIONAL COMPETITION AND SUPPORTS YOUTH ENGAGEMENT AND DISABLED ACCESS TO THE SPORT OF SAILING.
Program accomplishments
- THE ST. FRANCIS SAILING FOUNDATION PROVIDES SUPPORT TO PROMISING YOUNG SAILORS JUST BEGINNING THEIR COMPETITIVE SAILING CAREERS AND ADVANCED COMPETITIVE SAILORS IN THE NATIONAL AND INTERNATIONAL COMPETITION. A PRIORITY OF THE FOUNDATION IS TO PROVIDE SUPPORT FOR US SAILORS AND WINDSURFERS WHO SHOW EXCEPTIONAL PROMISE TO ENABLE THEM TO COMPETE IN THE NATIONAL AND INTERNATIONAL COMPETITIONS LEADING UP TO THE OLYMPICS. THE FOUNDATION MAKES GRANTS TO DEVELOP THE INTERST AND SKILLS OF YOUTH IN THE SPORT OF SAILING BY SUPPORTING PROGRAMS THAT INTRODUCE YOUTH TO SAILING THROUGH THE PROGRAMS OF THE TREASURE ISLAND SAILING CENTER AND SEA SCOUTS, AND BY PROVIDING SCHOLARSHIPS FOR DISADVANTAGED YOUTH TO ATTEND SUMMER SAILING DAY CAMPS AND TRAINING PROGRAMS OFFERED BY THE ST. FRANCIS YACHT CLUB. THE FOUNDATION ALSO SUPPORTS EXPANDED ACCESS TO THE SPORT OF SAILING WITH A GRANT TO THE BAY AREA ASSOCIATION OF DISABLED SAILORS TO SUPPORT PARTICIPATION IN NATIONAL COMPETITIVE RACES.Expenses $383,361 · grants $357,580
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
- 94-2956977
- 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
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,117,884
- Income (IRS master file)
- $641,606
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $641,606 | $449,796 | $8,117,884 | XML |
| 990 | December 2023 | $460,558 | $560,118 | $7,733,728 | XML |
| 990 | December 2022 | $1,178,296 | $386,410 | $7,064,012 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 94-2956977).
Questions about ST FRANCIS SAILING FOUNDATION
- What is the EIN of ST FRANCIS SAILING FOUNDATION?
- The employer identification number (EIN) of ST FRANCIS SAILING FOUNDATION is 94-2956977.
- Is ST FRANCIS SAILING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to ST FRANCIS SAILING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ST FRANCIS 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 ST FRANCIS 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 ST FRANCIS 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 ST FRANCIS SAILING FOUNDATION?
- The 990 for the year ended December 31, 2024 names GREG MEAGHER.
- Who are the officers and directors of ST FRANCIS SAILING FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does ST FRANCIS SAILING FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $641,606, expenses of $449,796 and total assets of $8,117,884 at year end.
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