Skip to content
Nonprofiteer
← INLAND SEAS EDUCATION ASSOCIATION

Form 990 for tax year 2022

Filed by INLAND SEAS EDUCATION ASSOCIATION.

Totals

Total revenue
$2,325,670
Total expenses
$1,327,914
Contributions and grants received
$2,132,033
Grants paid
$0
Program service revenue
$115,413
Investment income
$856
Other revenue
$77,368
Total assets, end of year
$5,701,485
Total liabilities, end of year
$425,914
Net assets or fund balances, end of year
$5,275,571
Program services expenses (Part IX)
$985,364
Management and general expenses
$191,635
Fundraising expenses
$150,915
Program service expenses (Part III)
$985,364

Program services were 74.2% 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)

    $148,894

  • 1f · All other contributions, gifts and grants

    $1,983,139

  • 2a · Program service revenue: PROGRAM FEES

    total $98,042 · related or exempt $98,042

  • 2b · Program service revenue: BOAT SALES

    total $17,371 · related or exempt $17,371

  • 3 · Investment income

    total $856 · excluded $856

  • 6a · Gross rents

    real property $13,045

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $13,045

  • 6d · Net rental income or loss

    total $13,045 · excluded $13,045

  • 8a · Fundraising events: gross income

    $68,475

  • 8b · Fundraising events: direct expenses

    $11,378

  • 8c · Net income from fundraising events

    total $57,097 · excluded $57,097

  • 10a · Gross sales of inventory

    $8,700

  • 10b · Cost of goods sold

    $1,474

  • 10c · Net income from sales of inventory

    total $7,226 · related or exempt $7,226

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $150,860 · program services $109,880 · management and general $27,203 · fundraising $13,777

  • 7 · Other salaries and wages

    total $477,788 · program services $348,683 · management and general $85,781 · fundraising $43,324

  • 8 · Pension plan contributions

    total $8,533 · program services $5,956 · management and general $1,711 · fundraising $866

  • 9 · Other employee benefits

    total $45,847 · program services $31,693 · management and general $8,932 · fundraising $5,222

  • 10 · Payroll taxes

    total $48,223 · program services $34,666 · management and general $8,932 · fundraising $4,625

  • 11c · Fees: accounting

    total $39,319 · program services $25,557 · management and general $7,864 · fundraising $5,898

  • 11g · Fees: other

    total $77,653 · program services $42,002 · management and general $6,796 · fundraising $28,855

  • 12 · Advertising and promotion

    total $4,354 · program services $4,329 · fundraising $25

  • 13 · Office expenses

    total $19,153 · program services $12,673 · management and general $3,532 · fundraising $2,948

  • 16 · Occupancy

    total $24,615 · program services $17,773 · management and general $4,755 · fundraising $2,087

  • 17 · Travel

    total $13,770 · program services $9,542 · management and general $2,434 · fundraising $1,794

  • 19 · Conferences, conventions and meetings

    total $54,642 · program services $35,572 · management and general $10,897 · fundraising $8,173

  • 20 · Interest

    total $90 · program services $49 · management and general $20 · fundraising $21

  • 22 · Depreciation, depletion and amortization

    total $92,771 · program services $60,301 · management and general $18,554 · fundraising $13,916

  • 23 · Insurance

    total $45,546 · program services $38,714 · management and general $3,911 · fundraising $2,921

  • 24a · Other expenses: SHIP OPERATING EXPENSE

    total $158,576 · program services $153,576 · fundraising $5,000

  • 24b · Other expenses: DIRECT PROGRAM EXPENSES

    total $33,204 · program services $33,172 · management and general $32

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $18,890 · program services $7,694 · fundraising $11,196

  • 24d · Other expenses: CHARTER EXPENSES

    total $11,267 · program services $11,267

  • 24e · All other expenses

    total $2,813 · program services $2,265 · management and general $281 · fundraising $267

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $834,282 · end of year $609,164

  • 3 · Pledges and grants receivable

    beginning of year $93,000 · end of year $947,300

  • 4 · Accounts receivable

    beginning of year $13,980 · end of year $62,329

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,773 · end of year $10,235

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

    $5,318,283

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

    $1,245,826

  • 10c · Land, buildings and equipment, net

    beginning of year $3,258,768 · end of year $4,072,457

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,928 · end of year $36,395

  • 19 · Deferred revenue

    beginning of year $11,100 · end of year $13,769

  • 23 · Secured mortgages and notes payable

    end of year $375,750

  • 27 · Net assets without donor restrictions

    beginning of year $4,009,851 · end of year $4,354,343

  • 28 · Net assets with donor restrictions

    beginning of year $126,924 · end of year $921,228

Mission and programs · 2022

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 150,000 PEOPLE HAVE SAILED UPON ISEA'S TALL SHIPS.

    Expenses $985,364 · Revenue $122,639

As filed on the 2022 return.

Listed in Part VII

  • Fred Sitkins

    EXECUTIVE DIRECTOR

    Total calculated
    $150,860
    From this org
    $144,597
    From related orgs
    $0
    Other
    $6,263
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,597
    Bonus
    $0
    Other
    $0
    Deferred
    $3,863
    Nontaxable benefits
    $2,400
    Filer's total
    $150,860

  • John Seefeld

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • William Chaney

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Pat Curtin

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sally Somsel

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Harold Lassers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thom Yocum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Forbes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jerry Ring

    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

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
2022
Filed
24 May 2023
IRS schema version
2022v5.0
Source object
202331459349300223

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.