Small Public Charity

CORTEZ RACING ASSOCIATION

CORTEZ RACING ASSOCIATION, of San Diego, CA, is a Small Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $69K in revenue, $78K in expenses, $118K in total assets.

EIN: 010778616 San Diego, CA Amateur Sports Competitions NTEE: N70 Latest filing: 2025
Total Revenue$69K
Total Expenses$78K
Total Assets$118K
Grant Records0
Filing Years2019–2025

Mission

PROMOTE CORINTHIAN SAILBOAT RACING AND BROADEN PARTICIPATION.

Where $100 goes at Cortez Racing Association

How Cortez Racing Association divides every $100 it spends, from its own Form 990-EZ filings, averaged across 5 years.

$73 Programs the work itself
$27 Everything else operations and overhead

Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.

Inside the $73 for programs

$53
Organize and manage yacht races
73% of program spending
$20
Organize and manage annual beer can series
27% of program spending
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Source: Form 990-EZ filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PHRF Representative Carolyn Sherman
Rear Commodore Chris Seidel
Jr. Staff Commodore Chuck Bowers
Race Committee Chair Colleen Cooke
Membership Director Connor Hancock
Commodore and President Dale Greaney

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $69K $78K $118K
2024 $108K $111K $128K
2023 $79K $91K $131K
2022 $183K $57K $143K
2019 $51K $61K $31K

Between 2019 and 2025, reported annual revenue grew from $51K to $69K (+35%), with total assets most recently reported at $118K.

Interactive year-over-year charts and full filing details available with membership.

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