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Balboa Yacht Club Maritime Sciences And Seamanship Foundation

Organization summary

Type of Nonprofit

Designated as a 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.

Category: Recreation, Sports, Leisure, Athletics / Swimming, Water Recreation (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$129k (2023)

Expenses
$103k (2023)

Total Assets
$276k (2023)

Total Liabilities
$700 (2023)

Years with missing data
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

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$129,126
Expenses
$102,844
Net Income
$26,282
Net Assets
$274,841
Notable Sources of Revenue Percent of Total Revenue
Contributions $53,735
41.6%
Program Services $57,391
44.4%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,000
13.9%
Assets/Debt
Total Assets $275,541
Total Liabilities $700
Net Assets $274,841
Compensation
Key Employees and Officers Compensation Other
William Seals (President & Ceo) $0 $0
Art Mitchell (Director) $0 $0
Gary Davidson (Director) $0 $0
Bob Lorenzetti (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$95,992
Expenses
$101,918
Net Income
-$5,926
Net Assets
$248,559
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,928
14.5%
Program Services $40,511
42.2%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $41,553
43.3%
Assets/Debt
Total Assets $248,559
Total Liabilities $0
Net Assets $248,559
Compensation
Key Employees and Officers Compensation Other
William A Seals (President) $0 $0
Norm Shepherd (Cfo Director) $0 $0
Robert Lorenzetti (Director) $0 $0
Gary Davidson (Director) $0 $0
Arthur Mitchell (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$85,640
Expenses
$69,536
Net Income
$16,104
Net Assets
$254,485
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,978
12.8%
Program Services $11,495
13.4%
Investment Income $0
Net Fundraising $63,167
73.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $256,485
Total Liabilities $2,000
Net Assets $254,485
Compensation
Key Employees and Officers Compensation Other
William A Seals (President) $0 $0
Richard Pacelli (Secretary) $0 $0
Norm Shepherd (Cfo Director) $0 $0
Robert Lorenzetti (Director) $0 $0
Gary Davidson (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$114,215
Expenses
$54,398
Net Income
$59,817
Net Assets
$238,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,000
4.4%
Program Services $0
Investment Income $0
Net Fundraising $109,215
95.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $241,281
Total Liabilities $2,900
Net Assets $238,381
Compensation
Key Employees and Officers Compensation Other
William A Seals (President) $0 $0
Richard Pacelli (Secretary) $0 $0
Norm Shepherd (Cfo Director) $0 $0
Robert Lorenzetti (Director) $0 $0
Gary Davidson (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$74,235
Expenses
$100,465
Net Income
-$26,230
Net Assets
$178,564
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,286
12.5%
Program Services $44,118
59.4%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,831
28.1%
Assets/Debt
Total Assets $180,864
Total Liabilities $2,300
Net Assets $178,564
Compensation
Key Employees and Officers Compensation Other
William A Seals (President) $0 $0
Richard Pacelli (Secretary) $0 $0
Norm Shepherd (Cfo Director) $0 $0
Robert Lorenzetti (Director) $0 $0
Gary Davidson (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$83,635
Expenses
$127,299
Net Income
-$43,664
Net Assets
$204,794
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,117
27.6%
Program Services $0
Investment Income $18,025
21.6%
Net Fundraising $41,943
50.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $550
0.7%
Assets/Debt
Total Assets $207,094
Total Liabilities $2,300
Net Assets $204,794
Compensation
Key Employees and Officers Compensation Other
William A Seals (President) $0 $0
Richard Pacelli (Secretary) $0 $0
Norm Shepherd (Cfo Director) $0 $0
Robert Lorenzetti (Director) $0 $0
Gary Davidson (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$88,111
Expenses
$70,756
Net Income
$17,355
Net Assets
$202,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,500
24.4%
Program Services $10,520
11.9%
Investment Income $0
Net Fundraising $55,446
62.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $645
0.7%
Assets/Debt
Total Assets $234,291
Total Liabilities $31,900
Net Assets $202,391
Compensation
Key Employees and Officers Compensation Other
William A Seals (President) $0 $0
Richard Pacelli (Secretary) $0 $0
Norm Shepherd (Cfo Director) $0 $0
Robert Lorenzetti (Director) $0 $0
Gary Davidson (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$54,734
Expenses
$53,094
Net Income
$1,640
Net Assets
$186,612
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $570
1.0%
Investment Income $0
Net Fundraising $42,497
77.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,667
21.3%
Assets/Debt
Total Assets $212,612
Total Liabilities $26,000
Net Assets $186,612
Compensation
Key Employees and Officers Compensation Other
William A Seals (President) $0 $0
Richard Pacelli (Secretary) $0 $0
Robert Tyler (Director) $0 $0
Glenn Highland (Director) $0 $0
Brian Cushard (Director) $0 $0
Ray Lewis (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$134,639
Expenses
$63,384
Net Income
$71,255
Net Assets
$184,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $84,064
62.4%
Program Services $0
Investment Income $0
Net Fundraising $50,575
37.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $206,972
Total Liabilities $22,000
Net Assets $184,972
Compensation
Key Employees and Officers Compensation Other
William A Seals (President) $0 $0
Richard Pacelli (Secretary) $0 $0
Robert Tyler (Director) $0 $0
Glenn Highland (Director) $0 $0
Brian Cushard (Director) $0 $0
Warren Person (Director) $0 $0
Ray Lewis (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$32,684
Expenses
$46,858
Net Income
-$14,174
Net Assets
$83,133
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,806
97.3%
Investment Income $878
2.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $83,133
Total Liabilities $0
Net Assets $83,133

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

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.

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