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← INLAND SEAS EDUCATION ASSOCIATION

Form 990 for tax year 2025

Filed by INLAND SEAS EDUCATION ASSOCIATION.

Totals

Total revenue
$4,591,108
Total expenses
$1,642,264
Contributions and grants received
$4,194,180
Grants paid
$0
Program service revenue
$253,544
Investment income
$89,936
Other revenue
$53,448
Total assets, end of year
$11,638,129
Total liabilities, end of year
$127,238
Net assets or fund balances, end of year
$11,510,891
Program services expenses (Part IX)
$1,010,350
Management and general expenses
$215,691
Fundraising expenses
$416,223
Program service expenses (Part III)
$1,010,350

Program services were 61.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $18,112

  • 1f · All other contributions, gifts and grants

    $4,176,068

  • 2a · Program service revenue: SAILING PROGRAMS

    total $134,982 · related or exempt $134,982

  • 2b · Program service revenue: PROGRAM FEES

    total $86,415 · related or exempt $86,415

  • 2c · Program service revenue: BOAT SALES

    total $32,147 · related or exempt $32,147

  • 3 · Investment income

    total $114,442 · excluded $114,442

  • 6a · Gross rents

    real property $40,740

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $40,740

  • 6d · Net rental income or loss

    total $40,740 · excluded $40,740

  • 7b · Less cost or other basis and sales expenses

    other assets $24,506

  • 7c · Gain or loss

    other assets -$24,506

  • 7d · Net gain or loss

    total -$24,506 · excluded -$24,506

  • 10a · Gross sales of inventory

    $5,083

  • 10b · Cost of goods sold

    $1,120

  • 10c · Net income from sales of inventory

    total $3,963 · related or exempt $3,963

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $8,745 · related or exempt $8,745

  • 11e · Other revenue, total

    $8,745

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $197,031 · program services $119,412 · management and general $26,877 · fundraising $50,742

  • 7 · Other salaries and wages

    total $763,098 · program services $454,586 · management and general $98,654 · fundraising $209,858

  • 8 · Pension plan contributions

    total $16,278 · program services $9,743 · management and general $2,645 · fundraising $3,890

  • 9 · Other employee benefits

    total $53,929 · program services $37,554 · management and general $10,272 · fundraising $6,103

  • 10 · Payroll taxes

    total $83,094 · program services $48,787 · management and general $10,479 · fundraising $23,828

  • 11c · Fees: accounting

    total $35,645 · program services $23,882 · management and general $7,129 · fundraising $4,634

  • 11g · Fees: other

    total $36,803 · program services $4,761 · management and general $555 · fundraising $31,487

  • 12 · Advertising and promotion

    total $7,800 · program services $7,800

  • 13 · Office expenses

    total $21,111 · program services $13,906 · management and general $4,110 · fundraising $3,095

  • 16 · Occupancy

    total $36,701 · program services $19,879 · management and general $14,359 · fundraising $2,463

  • 17 · Travel

    total $10,376 · program services $6,961 · management and general $2,069 · fundraising $1,346

  • 19 · Conferences, conventions and meetings

    total $8,830 · program services $5,916 · management and general $1,766 · fundraising $1,148

  • 20 · Interest

    total $1 · program services $1

  • 22 · Depreciation, depletion and amortization

    total $140,272 · program services $93,983 · management and general $28,054 · fundraising $18,235

  • 23 · Insurance

    total $69,784 · program services $63,686 · management and general $3,671 · fundraising $2,427

  • 24a · Other expenses: SHIP OPERATING EXPENSE

    total $105,823 · program services $63,163 · management and general $127 · fundraising $42,533

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $29,613 · program services $11,365 · management and general $4,344 · fundraising $13,904

  • 24c · Other expenses: DIRECT PROGRAM EXPENSES

    total $21,290 · program services $21,290

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,785 · program services $3,675 · management and general $580 · fundraising $530

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,515,744 · end of year $4,551,398

  • 3 · Pledges and grants receivable

    beginning of year $997,005 · end of year $1,568,704

  • 4 · Accounts receivable

    beginning of year $5,693 · end of year $57,275

  • 8 · Inventories for sale or use

    beginning of year $235 · end of year $235

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,335 · end of year $11,335

  • 10a · Land, buildings and equipment: cost or other basis

    $7,000,997

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,551,815

  • 10c · Land, buildings and equipment, net

    beginning of year $4,088,812 · end of year $5,449,182

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,044 · end of year $65,009

  • 19 · Deferred revenue

    beginning of year $6,733 · end of year $62,229

  • 27 · Net assets without donor restrictions

    beginning of year $7,339,449 · end of year $9,700,470

  • 28 · Net assets with donor restrictions

    beginning of year $1,222,598 · end of year $1,810,421

Mission and programs · 2025

Mission

THE INLAND SEAS EDUCATION ASSOCIATION (ISEA) IS A NON-PROFIT CHARITABLE ORGANIZATION WITH THE MISSION TO INSPIRE A LIFETIME OF GREAT LAKES CURIOSITY, STEWARDSHIP, AND PASSION IN PEOPLE OF ALL AGES.

Activities or mission (Part I)

TO INSPIRE A LIFETIME OF GREAT LAKES CURIOSITY, STEWARDSHIP, AND PASSION IN PEOPLE OF ALL AGES.

  • ENVIRONMENTAL STEWARDSHIP EDUCATION: TO PROVIDE SHIPBOARD AND ONSHORE GREAT LAKES EDUCATION PROGRAMS TO STUDENTS, FAMILIES, AND ADULTS. SINCE ITS FOUNDING IN 1989, OVER 192,000 PEOPLE HAVE SAILED UPON ISEA'S TALL SHIPS.

    Expenses $1,010,350 · Revenue $266,252

As filed on the 2025 return.

Listed in Part VII

  • Mark Forbes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathy Schaeffer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Constanza Hazelwood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Seefeld

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Longo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dale Rolley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sally Somsel

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Pat Curtin

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • William Chaney

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Seefeld

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Fred Sitkins

    EXECUTIVE DIRECTOR

    Total calculated
    $197,031
    From this org
    $171,667
    From related orgs
    $0
    Other
    $25,364
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,667
    Bonus
    $40,000
    Other
    $0
    Deferred
    $5,262
    Nontaxable benefits
    $20,102
    Filer's total
    $197,031

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE COMMITTEE LEADS A PERFORMANCE EVALUATION OF THE EXECUTIVE DIRECTOR EACH YEAR AND MAKES A SALARY AND BENEFIT RECOMMENDATION TO THE FULL BOARD FOR APPROVAL BASED ON THE RESULTS OF THE PERFORMANCE EVALUATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
8 June 2026
IRS schema version
2025v4.1
Source object
202642119349300219

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