Pacific Cup Yacht Club

EIN: 68-0188186 · San Francisco, CA · Data spans: TY2018–TY2024

Most recent filing: Tax Year 2024.

A more recent filing may not yet be published.

Sailing's public record, made legible. All numbers come directly from this organization's own sworn 990 filing. Patterns are computed from years of filings — not assessments or judgments.

Read trends in context: compare like with like, note the filing year, and treat major disruptions (like 2020–2021) as discontinuities rather than a continuous baseline.

Missing or N/A does not always mean absent. It can mean the item was not disclosed on that form, not collected on that filing type, or not available for that year.

Accrual basisNo audit disclosedPart XII · TY2022
Total Revenueℹ️Form 990, Part VIII — Statement of Revenue. Includes contributions, grants, member dues, program service revenue, and investment income. Does NOT include borrowed funds or asset sales proceeds.

$196,535

Total Expensesℹ️Form 990, Part IX (full 990) or Part I Line 17 (990-EZ) — Total functional expenses. Includes program service expenses, management and general, and fundraising. The gap between revenue and expenses is the operating surplus or deficit for the year.

$257,253

Total Assetsℹ️Form 990, Part X — Balance Sheet, end of year. Includes cash, receivables, investments, land, buildings, and equipment.

N/A

Net Assetsℹ️Form 990, Part X — Total assets minus total liabilities. Positive = financially solvent. Negative = liabilities exceed assets. Also called 'fund balance.'

$174,360

W-2 employee count not reported for most recent filing · TY2024 · 990EZ

Total compensation, benefits & payroll taxes (Part IX)

TY2022

$0

Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.

Named officers/key employees (Part VII‑A) show reportable compensation only and are already included in the Part IX total above. They are not additive.

Professional & consulting fees (Part IX, line 11)

No professional or consulting fees reported in Part IX for TY2022.

Historical Trends

Revenue vs. Expenses

Net Revenue / Operating Margin

Net Assets

Revenue Trend

Tax YearPeriodFormRevenueExpensesNet RevenueNet Assets
TY2018Before 2020990$267,793$208,953$58,840$171,638
TY2019Before 2020990$40,360$60,559-$20,199$151,439
TY20202020–2021990$8,081$12,961-$4,880$136,616
TY20212020–2021990$30,847$30,468$379$136,995
TY20222022+990$266,148$259,683$6,465$143,460
TY20232022+990EZ$167,633$76,829$90,804$235,078
TY20242022+990EZ$196,535$257,253-$60,718$174,360

Revenue trend is a filing-history view. It helps you compare operating periods, not infer the club's live condition today.

Revenue Breakdown (Part VIII — most recent year)

Form 990, Part VIII — Statement of Revenue. Includes, but is not limited to: Line 1 = contributions and grants (including member dues reported as contributions). Lines 2a–2f = program service revenue (activities that directly further the organization's exempt purpose). Line 3 = investment income. The specific mix varies by organization type. Source: the organization's own sworn filing.

LineDescriptionAmount
12Total revenue$266,148
1bMembership dues$7,750
1fAll other contributions, gifts, grants$17,250
1hTotal contributions and grants$25,000
2aContainer Shipping$12,200
2bEvents$67,445
2cRace Entry Fees$121,283
2dSeminars$34,255
2fTotal program service revenue$235,183
3Investment income$22

Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.

Officers & Key Staff (Part VII)

How to read this section

This is not a full staff directory. It is the subset of people the organization had to disclose in Form 990, Part VII (the officer, director, trustee, key employee, and highest-compensated employee section of the filing). Why this matters: a missing name does not mean a person was not employed or involved.

Total Volunteer Board Hours/Week (Selected Year): 130

Hours per week are self-reported by each officer on Form 990, Part VII. They are not verified.

Officers and directors as reported on Form 990, Part VII. These are typically unpaid, elected positions. If an officer receives compensation, it will appear in the Paid Staff tab.

Operationally, this section is most useful for understanding disclosed leadership structure, compensation visibility, and board labor — not for reconstructing the full staffing model of a club.

NameTitleHours/WeekStatus
Jim QuanciPresident10Volunteer
Rowena CalsonDirector10Volunteer
Melinda ErkelensDirector10Volunteer
M MoradzadehDirector10Volunteer
Rowena CalsonVice President10Volunteer
Hawkeye KingSecretary10Volunteer
Harold MarshTreasurer10Volunteer
Patrick LewisDirector10Volunteer
Bobbi TosseDirector10Volunteer
Robert HindenDirector10Volunteer
Cory SchillaciDirector10Volunteer
Julia PaxtonDirector10Volunteer
Caitlin GutekunstDirector10Volunteer

Programs (Part III — most recent year)

Form 990, Part III — Statement of Program Service Accomplishments. These are the activities that directly further the organization's exempt purpose. Expenses, grants, and revenue are as reported in the organization's own sworn filing.

The 22nd running of the race was a success. 65 started the race and 60 made it to Hawaii, 5 having turned back for various reasons.

Expenses: $69,646

Events held in Hawaii were successes, including welcome parties and award ceremonies. Costs of entertainment were covered by event-specific ticket sales. All the items shipped arrived safely, both to Hawaii and returned.

Expenses: $111,356

3 seminars were held, including (1) Pacific Offshore Academy seminar, and (2) Safety-at-Sea seminars. Both cover a range of essential knowledge and practical skills to enhance the safety of the event, as well as the general safety of all sailors.

Expenses: $24,212

Governance & Transparency Signals

The IRS Form 990 is a sworn disclosure document — not just a tax return. Beyond financials, it captures governance policies, compensation practices, and relationships between insiders and the organization. Every category below comes directly from that filing. When a field is blank, it is often because this form type doesn’t require it, or the org doesn’t meet the threshold that triggers disclosure. That context is itself worth knowing.

Conflict of Interest Policy

Form 990, Part VI — Line 12a

Not reported — this organization files Form 990-EZ, which does not include this schedule.

Part VI governance questions — including the conflict of interest policy — appear only on the full Form 990. This organization files a shorter form available to smaller or specialized filers. Full 990 filers must answer these questions and make the responses public.

Whistleblower Protection Policy

Form 990, Part VI — Line 13

Not reported — this organization files Form 990-EZ, which does not include this schedule.

Whistleblower policy disclosure is part of the full Form 990’s Part VI. The IRS added this question after Sarbanes-Oxley to encourage nonprofits to adopt protections analogous to those required of public companies.

Officer & Key Employee Compensation (Part VII)

Form 990, Part VII — Named individuals with reportable compensation

No individual compensation reported for this organization in the most recent filing.

This is the norm for volunteer-run sailing clubs. Part VII still exists in the filing — it simply shows $0 compensation for all listed officers and directors, meaning this club is led entirely by unpaid volunteers. When you see compensation appear here in other organizations, it marks a meaningful transition: the club has grown to the point where professional management was hired. The largest clubs in this corpus — those above $3M in revenue — are the most likely to have paid executive staff.

Independent Compensation Consultant

Schedule J, Part I — Organizations filing when comp exceeds $150K

Not reported — this organization files Form 990-EZ, which does not include this schedule.

Schedule J is a supplement to the full Form 990 only. It captures how high executive pay was set and what perquisites were provided.

Equity-Based Compensation

Schedule J, Part II — Per-person compensation detail

Not reported — this organization files Form 990-EZ, which does not include this schedule.

Related-Party Transactions (Schedule L)

Schedule L — Transactions with Interested Persons (officers, directors, their families, controlled entities)

Schedule L requires disclosure of loans, grants, and business transactions between the organization and its own insiders — board members, officers, key employees, and their family members or entities they control. Nonprofits are not prohibited from transacting with insiders, but they must disclose it, follow fair-market-value standards, and document that the transaction benefited the organization, not just the insider. These disclosures exist because self-dealing is the most direct way nonprofit assets can flow to those in control.

Schedule L detail is extracted from full Form 990 XML. This organization files Form 990-EZ, which uses different disclosure rules.

Schedule O — Supplemental Information (most recent year)

Organizations use Schedule O to provide additional explanation for answers given on the main 990 form. These are direct excerpts from the filed document.

Other Expenses.1002

Office Expenses $7

Other Expenses.1003

Information Technology $3897

Other Assets.1005

Accounts Receivable - Beginning $8162 Accounts Receivable - Ending $1296

Other Expenses.8

In-kind Goods $5000

Other Expenses.1

Hawaii Events $91561

Mission

To conduct a sailboat race from San Francisco Bay to the Hawaiian Islands every other year in the even-numbered years.

As stated in the organization's 990 filing.

IRS Source Filings

Source filings are IRS e-file records in XML (Extensible Markup Language) format — a structured data standard used by the IRS for electronic filing. If you open one of these links, it will look like code. That's not an error — that's what XML looks like. Harbor Commons processes this raw XML and presents the structured, readable view you see above.

Why this matters: the XML is the receipt. Harbor Commons is the reading layer on top of that receipt. If you ever need to verify a number, wording choice, or disclosure, the source filing is where to check.

Similar Organizations

Finding peer organizations…

📡 Filing Signals (12 total)

Trends and shifts computed from this organization's own public filings across all available years. Signals highlight where numbers changed — not whether those changes are good or bad. Only people with inside knowledge of this organization can interpret what these signals mean.

Signals describe filing history, not the club's live operating state. The newest filing may still lag current reality by many months.

See an error?

If you spot a data discrepancy, misattribution, or filing mismatch — let us know.

Send us a signal →
Questions or corrections? Send us a signal →