Project Bluewater Racing

La Mesa, CA
Tax-exempt since Feb. 2005
EIN: 20-1685136

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$103k (2023)

Expenses

$73.7k (2023)

Total Assets

$889k (2023)

Total Liabilities

$5.82k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$103,371

Expenses

$73,731

Net Income

$29,640

Net Assets

$882,926

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,632	5.4%
Interest Revenue	$46	0.0%
Dividends	$14,292	13.8%
Sales of Assets	$59,453	57.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,476	48.1%
Compensation of Officers*	$15,476	21.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$888,749
Total Liabilities	$5,823
Net Assets	$882,926

Compensation

Key Employees and Officers	Compensation	Other
Robert E Capita (President/Ceo)	$15,476	$0
Nicholas Dorn (Vice President)	$0	$0
Marianna N Capita (Treasurer)	$0	$0
Tobie Bloom (Secretary)	$0	$0
Canyon Breyer (Trustee)	$0	$0
Schuyler D Capita (Trustee)	$0	$0
Braddon R Capita (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 5, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$78,583

Expenses

$94,366

Net Income

-$15,783

Net Assets

$853,286

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$37	0.0%
Dividends	$9,670	12.3%
Sales of Assets	$58,043	73.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$62,508	66.2%
Compensation of Officers*	$9,118	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$856,248
Total Liabilities	$2,962
Net Assets	$853,286

Compensation

Key Employees and Officers	Compensation	Other
Robert E Capita (President/Director)	$9,118	$0
Bart S Ziegler (Vp/Director)	$0	$0
Marianna N Capita (Treasurer/Director)	$0	$0
Gretchen Matheson (Secretary/Director)	$0	$0
Kim Deering Thomas (Director)	$0	$0

+ View more people

990-PF

Filed on June 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$59,982

Expenses

$115,433

Net Income

-$55,451

Net Assets

$869,069

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,380	4.0%
Interest Revenue	$3	0.0%
Dividends	$9,095	15.2%
Sales of Assets	$36,426	60.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$87,638	75.9%
Compensation of Officers*	$17,113	14.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$872,384
Total Liabilities	$3,315
Net Assets	$869,069

Compensation

Key Employees and Officers	Compensation	Other
Robert E Capita (President/Director)	$17,113	$0
Bart S Ziegler (Vp/Director)	$0	$0
Marianna N Capita (Treasurer/Director)	$0	$0
Gretchen Matheson (Secretary/Director)	$0	$0
Kim Deering Thomas (Director)	$0	$0

+ View more people

990-PF

Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$5,946

Expenses

$75,743

Net Income

-$69,797

Net Assets

$924,520

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$831	14.0%
Interest Revenue	$5	0.1%
Dividends	$12,576	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,930	68.6%
Compensation of Officers*	$6,930	9.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$927,568
Total Liabilities	$3,048
Net Assets	$924,520

Compensation

Key Employees and Officers	Compensation	Other
Robert E Capita (President/Director)	$6,930	$0
Bart S Ziegler (Vp/Director)	$0	$0
Marianna N Capita (Treasurer/Director)	$0	$0
Gretchen Matheson (Secretary/Director)	$0	$0
Kim Deering Thomas (Director)	$0	$0

+ View more people

990-PF

Filed on May 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$44,664

Expenses

$112,314

Net Income

-$67,650

Net Assets

$994,317

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$900	2.0%
Interest Revenue	$505	1.1%
Dividends	$15,958	35.7%
Sales of Assets	$10,300	23.1%
Other Income	$6,013	13.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,322	70.6%
Compensation of Officers*	$5,400	4.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$997,264
Total Liabilities	$2,947
Net Assets	$994,317

Compensation

Key Employees and Officers	Compensation	Other
Robert E Capita (President/Director)	$5,400	$0
Bart S Ziegler (Vp/Director)	$0	$0
Marianna N Capita (Treasurer/Director)	$0	$0
Gretchen Matheson (Secretary/Director)	$0	$0
Kim Deering Thomas (Director)	$0	$0

+ View more people

990-PF

Filed on June 4, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$27,552

Expenses

$113,896

Net Income

-$86,344

Net Assets

$1,061,967

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,289	4.7%
Interest Revenue	$26	0.1%
Dividends	$18,517	67.2%
Sales of Assets	-$3,979
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,780	64.8%
Compensation of Officers*	$3,780	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,078,416
Total Liabilities	$16,449
Net Assets	$1,061,967

Compensation

Key Employees and Officers	Compensation	Other
Robert E Capita (President/Director)	$3,780	$0
Bart S Ziegler (Vp/Director)	$0	$0
Marianna N Capita (Treasurer/Director)	$0	$0
Gretchen Matheson (Secretary/Director)	$0	$0
Kim Deering Thomas (Director)	$0	$0

+ View more people

990-PF

Filed on May 10, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$42,241

Expenses

$66,512

Net Income

-$24,271

Net Assets

$1,168,311

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$700	1.7%
Interest Revenue	$9	0.0%
Dividends	$20,478	48.5%
Sales of Assets	$7,635	18.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,140	49.8%
Compensation of Officers*	$5,390	8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,199,830
Total Liabilities	$31,519
Net Assets	$1,168,311

Compensation

Key Employees and Officers	Compensation	Other
Robert E Capita (President/Director)	$5,390	$0
Bart S Ziegler (Vp/Director)	$0	$0
Marianna N Capita (Treasurer/Director)	$0	$0
Gretchen Matheson (Secretary/Director)	$0	$0
Kim Deering Thomas (Director)	$0	$0

+ View more people

990-PF

Filed on Oct. 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$25,512

Expenses

$33,549

Net Income

-$8,037

Net Assets

$1,192,582

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$780	3.1%
Interest Revenue	$2	0.0%
Dividends	$19,699	77.2%
Sales of Assets	-$6,536
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,250	30.6%
Compensation of Officers*	$250	0.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,192,724
Total Liabilities	$142
Net Assets	$1,192,582

Compensation

Key Employees and Officers	Compensation	Other
Gretchen Matheson (Secretary/Director)	$250	$0
Robert E Capita (President/Director)	$0	$0
Bart S Ziegler (Vp/Director)	$0	$0
Marianna N Capita (Treasurer/Director)	$0	$0
Kim Deering Thomas (Director)	$0	$0

+ View more people

990-PF

Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$36,773

Expenses

$51,298

Net Income

-$14,525

Net Assets

$1,200,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,256	8.9%
Interest Revenue	$2	0.0%
Dividends	$18,905	51.4%
Sales of Assets	$3,667	10.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,871	50.4%
Compensation of Officers*	$6,152	12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,201,003
Total Liabilities	$384
Net Assets	$1,200,619

Compensation

Key Employees and Officers	Compensation	Other
Robert E Capita (President/Director)	$5,902	$0
Marianna N Capita (Treasurer/Director)	$250	$0
Bart S Ziegler (Vp/Director)	$0	$0
Gretchen Matheson (Secretary/Director)	$0	$0
Kim Deering Thomas (Director)	$0	$0

+ View more people

990-PF

Filed on July 30, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$56,163

Expenses

$57,015

Net Income

-$852

Net Assets

$1,215,144

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,049	9.0%
Interest Revenue	$2	0.0%
Dividends	$20,699	36.9%
Sales of Assets	$21,559	38.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,270	53.1%
Compensation of Officers*	$3,400	6.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,215,664
Total Liabilities	$520
Net Assets	$1,215,144

Compensation

Key Employees and Officers	Compensation	Other
Robert E Capita (President/Director)	$3,400	$0
Bart S Ziegler (Vp/Director)	$0	$0
Marianna N Capita (Treasurer/Director)	$0	$0
Gretchen Matheson (Secretary/Director)	$0	$0
Kim Deering Thomas (Director)	$0	$0

+ View more people

990-PF

Filed on June 29, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$40,334

Expenses

$45,396

Net Income

-$5,062

Net Assets

$1,215,996

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$700	1.7%
Interest Revenue	$134	0.3%
Dividends	$25,547	63.3%
Sales of Assets	$13,953	34.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,479	80.4%
Compensation of Officers*	$6,358	14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,216,693
Total Liabilities	$697
Net Assets	$1,215,996

Compensation

Key Employees and Officers	Compensation	Other
Robert E Capita (President/Director)	$6,358	$0
Bart S Ziegler (Vp/Director)	$0	$0
Marianna N Capita (Treasurer/Director)	$0	$0
Gretchen Matheson (Secretary/Director)	$0	$0
Kim Deering Thomas (Director)	$0	$0

+ View more people

990-PF

Filed on Nov. 12, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$46,436

Expenses

$25,587

Net Income

$20,849

Net Assets

$1,221,058

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,578	7.7%
Interest Revenue	$160	0.3%
Dividends	$23,037	49.6%
Sales of Assets	$19,661	42.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,587	100%
Compensation of Officers*	$11,256	44.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,221,400
Total Liabilities	$342
Net Assets	$1,221,058

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$52,624

Expenses

$101,979

Net Income

-$49,355

Net Assets

$1,200,209

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,710	10.9%
Interest Revenue	$873	1.7%
Dividends	$27,003	51.3%
Sales of Assets	$19,038	36.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,979	100%
Compensation of Officers*	$12,657	12.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,200,459
Total Liabilities	$250
Net Assets	$1,200,209

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated September 25, 2025

Project Bluewater Racing

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $103k (2023)

Expenses $73.7k (2023)

Total Assets $889k (2023)

Total Liabilities $5.82k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$103k (2023)

Expenses

$73.7k (2023)

Total Assets

$889k (2023)

Total Liabilities

$5.82k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005