Overview
What is The Dipsea Race Foundation?
The Dipsea Race Foundation is a nonprofit organization situated in Mill Valley, California. Its primary focus is to uphold the historic tradition of the Dipsea Race and encourage individuals of all ages to appreciate and safeguard the Dipsea trail. To achieve this, the foundation provides college scholarships to deserving high school students who have actively participated in the race as runners or volunteers, showcasing exceptional academic, athletic, and community contributions. In 2022, nine such scholarships of $5,000 each were awarded. Moreover, the foundation extends its support to underprivileged and at-risk youth, enrolling 100 children in the Dipsea Race program. These children are equipped with quality running shoes and a t-shirt, with 15 of them qualifying to participate in the competitive race. Additionally, they participated in the Jingle Bells 5K in Sausalito, raising funds for the Matthew Turner Scholarship Foundation and celebrating with a pancake breakfast.
Official website here: www.dipseafoundation.org
Is The Dipsea Race Foundation legitimate?
The Dipsea Race Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Dipsea Race Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.dipseafoundation.org
What is the mission statement of The Dipsea Race Foundation?
The mission of The Dipsea Race Foundation is centered around preserving the historical tradition of the Dipsea trail and inspiring individuals of all ages to value and safeguard this trail. The organization achieves this by offering college scholarships to deserving high school students who have demonstrated exemplary academic, athletic, and community involvement in the Dipsea Race. In addition, they provide opportunities for low-income and at-risk youth, offering them running equipment and participation in the Dipsea Race and other events, such as the Jingle Bells 5K. The foundation also contributes to the Matthew Turner Scholarship Foundation and hosts events like a pancake breakfast for the participating children.
Official website here: www.dipseafoundation.org
Who is the CEO of The Dipsea Race Foundation?
Mervyn Regan is the President of The Dipsea Race Foundation.
Official website here: www.dipseafoundation.org
What is the revenue of The Dipsea Race Foundation?
The Dipsea Race Foundation's revenue in 2022 was $118,340.
Official website here: www.dipseafoundation.org
Who are the executives of The Dipsea Race Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.dipseafoundation.org
Where can I find the form 990 for The Dipsea Race Foundation?
The Dipsea Race Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dipseafoundation.org
Learn more at the official website: www.dipseafoundation.org
Mission Statement of The Dipsea Race Foundation
The Dipsea Race Foundation, in its mission, strives to preserve the historical significance of the Dipsea trail and fosters an appreciation for it among individuals of all ages. By doing so, the organization encourages the protection and conservation of this cherished trail. Beyond this, the foundation awards college scholarships to exceptional high school students who have actively participated in the Dipsea Race as runners or volunteers, recognizing their academic excellence, athletic prowess, and dedication to their communities.
In the year 2022, the foundation awarded nine scholarships of $5,000 each to deserving students. Additionally, the organization took initiatives to engage low-income and at-risk youth with the Dipsea Race. In 2022, 100 such children were enrolled in the program and provided with appropriate running shoes and t-shirts. Fifteen of these children then became eligible to participate in the competitive Dipsea Race, further encouraging their involvement in the event. Furthermore, these children also participated in the Jingle Bells 5K in Sausalito, CA, contributing a portion of the proceeds to the Matthew Turner Scholarship Foundation. The children were also treated to a rewarding pancake breakfast at the Spiniker Restaurant in Sausalito.
In summary, the Dipsea Race Foundation's mission revolves around preserving the Dipsea trail's historical legacy while inspiring appreciation and protection among various age groups. It also extends its reach to supporting and recognizing talented high school students through scholarships and encouraging the participation of underprivileged youth in the Dipsea Race events.
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Impact
October, 2024
The Dipsea Race Foundation significantly impacts the community by preserving the historic tradition of the Dipsea Race and promoting appreciation for the iconic Dipsea trail. Through its initiatives, the Foundation engages people of all ages, fostering a sense of stewardship towards this natural treasure.
In 2022, the Foundation awarded nine college scholarships of $5,000 each to graduating high school students who have actively participated in the Dipsea Race as runners or volunteers. These students showcased exceptional qualities as athletes, scholars, and community members, emphasizing the Foundation's commitment to recognizing and nurturing local talent.
The Foundation also enrolled 100 low-income and at-risk youth in its programs, providing essential resources like running shoes and t-shirts to encourage their participation in physical activities. Notably, 15 of these children qualified to compete in the competitive Dipsea Race, gaining them invaluable experience and confidence. Their involvement extended to events like the Jingle Bells 5K in Sausalito, where they contributed by donating part of the proceeds to the "Matthew Turner Scholarship Foundation." As a form of celebration and community engagement, these participants enjoyed a pancake breakfast at the Spinnaker Restaurant in Sausalito, further weaving them into the fabric of the local culture.
In summary, the Dipsea Race Foundation fosters youth development, supports educational aspirations, and cultivates a collective responsibility for preserving natural landmarks, creating a positive ripple effect throughout Mill Valley and beyond.
This information is meant to be a general summary of The Dipsea Race Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $56
- Gross Receipts: $118,340
Assets and Liabilities:
- Total Assets: $951,141
- Total Liabilities: $0
- Net Assets: $951,141
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Organization Details
Founding Year
1997
Phone
(415) 990-1630Principal Officer
Mervyn Regan
Main Address
PO Box 10, Mill Valley, CA, 94942
Website
www.dipseafoundation.orgNTEE Category
Code: N70 - Recreation
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