Project Bluewater Racing
Project Bluewater Racing is a private foundation, based in LA MESA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $706K in total assets. In 2024, it awarded 7 grants totaling $66K. Net investment income was $133K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$706K
-20.6% YoY
Annual Giving
$66K
+230.0% YoY
Grant Count
7
+600.0% YoY
Avg Grant Size
$9K
-52.9% YoY
About Project Bluewater Racing
Based on IRS filings
Project Bluewater Racing is a private foundation, based in LA MESA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $706K in total assets. In 2024, it awarded 7 grants totaling $66K. Net investment income was $133K.
Ready to take the next step with Project Bluewater Racing?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $705,732 | $888,749 | $856,248 |
| Revenue | $158,572 | $103,371 | $78,583 |
| Expenses | $234,902 | $73,731 | $94,366 |
| Qualifying Distributions | $212,927 | $35,476 | $62,508 |
| Net Investment Income | $133,348 | $73,651 | $62,586 |
| Distributable Amount | $15,370 | $65,974 | $68,599 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT E CAPITA | PRESIDENT/CEO | 32 | $63,364 |
| NICHOLAS DORN | VICE PRESIDENT | 4 | — |
| MARIANNA N CAPITA | TREASURER | 2 | — |
| TOBIE BLOOM | SECRETARY | 14 | — |
| CANYON BREYER | TRUSTEE | 10 | — |
| SCHUYLER D CAPITA | TRUSTEE | 1 | — |
| BRADDON R CAPITA | TRUSTEE | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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