2023-10-12T12:52:26-05:00 2022-12-31 954557617 Harrington Group CPAs LLP 2698 Mataro Street Pasadena CA 91107 990 2022-01-01 311625735 Treasure Island Sailing Center Foundation TREA 4154212225 698 California Avenue 112 San Francisco CA 94130 William J Hoehler Secretary/Treasurer 4154212225 2023-10-12 1 William Hoehler 999009999 0 Carlos A Davis CPA P02037008 6264036801 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Stuart Douglas Paine 698 California Avenue 112 San Francisco CA 94130 916574 0 X www.tisailing.org X 1998 CA Our mission is to create opportunities for people to learn and grow through sailing by providing facilities, sailing instruction, and access to the water for people of all socioeconomic backgrounds, abilities and skill levels from novice to the Olympian. 5 4 43 40 0 0 857932 589024 158020 155644 58669 68787 91868 103119 1166489 916574 0 0 0 0 583229 676777 0 0 10784 298816 387025 882045 1063802 284444 -147228 4716242 3736644 65897 39353 4650345 3697291 X Our mission is to create opportunities for people to learn and grow through sailing by providing facilities, sailing instruction, and access to the water for people of all socioeconomic backgrounds, abilities and skill levels from novice to the Olympian. TISC students participate in positive, skill building experiences learning water safety, responsibility, respect, communication, teamwork, leadership, and appreciation for their environment. TISC is a large scale, multiuser, year round sailing school on San Francisco Bay operated by dedicated staff and volunteers, emphasizing full community involvement by offering access to all, regardless of financial ability. 0 0 945537 155644 The Treasure Island Sailing Center provided 1,840 youth and adults of all abilities and socioeconomic backgrounds in the San Francisco Bay Area 28,641 hours of sailing opportunities for either instruction or recreation. The majority of our program serves youth and in 2022 provided 1506 youth with 21,603 hours of instruction. 91% of youth were provided scholarships. 1,075 of the Center's youth participated in a STEM program offered to the 4th and some 5th grade San Francisco Unified Public School students at no cost including transportation. 945537 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 43 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CA X Treasure Island Sailing Center Luxine Smith 4154212225 698 California Ave Bldg 112 San Francisco CA 94130 Carisa Harris-Adamson President (End 11/22) 2.00 X X 0 0 0 Stuart Douglas Paine ED/President (St. 4/22,Trans. 10/22) 40.00 X X 65256 0 797 William J Hoehler Secretary/Treasurer 2.00 X X 0 0 0 Paul Heineken Board Member 2.00 X 0 0 0 Bill Kreysler Board Member 2.00 X 0 0 0 Doug Smith Board Member 2.00 X 0 0 0 65256 0 797 0 0 0 0 0 427936 161088 589024 Program fees 900099 143044 143044 Sailing rental fees 713990 12175 12175 Merchandise sales 900099 425 425 155644 62437 62437 64358 0 64358 64358 64358 6350 0 6350 6350 6350 Other income 900099 38761 38761 38761 916574 155644 0 171906 66053 62404 2838 811 537054 507388 23074 6592 4497 4249 193 55 19617 18533 843 241 49556 46819 2129 608 26813 26813 85094 77863 6410 821 34261 32677 1217 367 15235 13864 1066 305 41534 38454 2396 684 11366 11288 60 18 37185 37185 22057 20382 1675 Miscellaneous 76334 37577 38757 Repairs & maintenance 25804 25804 Dues & memberships 9073 8793 280 Program outreach 1348 1336 10 2 921 921 1063802 945537 107481 10784 70303 156453 49630 7623 18793 1230 5882 14240 1182400 822627 279918 359773 4290716 3197325 1000 0 4716242 3736644 65897 39353 65897 39353 X 991838 882194 3658507 2815097 4650345 3697291 4716242 3736644 -147228 -805826 0 X 0 1 X 1 0 X 355399 458615 388869 857932 589024 2649839 355399 458615 388869 857932 589024 2649839 53912 2595927 180121 170439 159278 150537 126795 787170 54 11632 60578 45111 117375 3554384 1195476 0.73030 0.70090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3258313 -583216 85000 2590097 3182491 175822 100000 3258313 2815097 480982 480982 2815097 2651924 525888 362715 2815097 2815097 -63100 100073 2651924 1.00000 1 0 223136 18884 204252 959264 803743 155521 359773 X 110748 -805826 -805826 916574 0 916574 1063802 0 1063802 0 1063802 Part V, Line 4: Funds are used for the general purposes of the Foundation, per the terms of the gift. Part X, Line 2: TISC is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by TISC in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. TISC's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed. Form 990, Part VI, Section B, line 11b Form 990 is reviewed by the Board of Directors prior to filing with the IRS. The Board of Directors and Executive Director review a comprehensive set of financial documents each quarter. Form 990, Part VI, Section B, line 12c Periodic reviews are conducted to ensure that TISC operates in a manner consistent with its charitable purpose. Form 990, Part VI, Section C, line 19 All policies are available to persons upon request. Each year TISC has a financial audit by an independent CPA firm which is also reviewed by the Board of Directors.