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← FRIENDS OF SEAMENS SOCIETY

Form 990 for tax year 2022

Filed by FRIENDS OF SEAMENS SOCIETY.

Totals

Total revenue
$625,842
Total expenses
$914,496
Contributions and grants received
$8,977
Grants paid
$348,824
Program service revenue
$570,000
Investment income
$46,865
Other revenue
$0
Total assets, end of year
$6,246,997
Total liabilities, end of year
$2,835,730
Net assets or fund balances, end of year
$3,411,267
Program services expenses (Part IX)
$699,514
Management and general expenses
$214,982
Fundraising expenses
$0
Program service expenses (Part III)
$699,514

Program services were 76.5% 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.

  • 1f · All other contributions, gifts and grants

    $8,977

  • 2a · Program service revenue: RENTAL INCOME

    total $570,000 · related or exempt $570,000

  • 3 · Investment income

    total $59,451 · excluded $59,451

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,062,344

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

    securities $1,074,930

  • 7c · Gain or loss

    securities -$12,586

  • 7d · Net gain or loss

    total -$12,586 · excluded -$12,586

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $348,824 · program services $348,824

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $120,000 · management and general $120,000

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $22,000 · management and general $22,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $33,894 · management and general $33,894

  • 11g · Fees: other

    total $200 · program services $0 · management and general $200 · fundraising $0

  • 12 · Advertising and promotion

    total $6,002 · program services $5,496 · management and general $506

  • 13 · Office expenses

    total $12,734 · program services $11,660 · management and general $1,074

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $3,570 · program services $3,269 · management and general $301

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $107,772 · program services $98,682 · management and general $9,090

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $244,270 · program services $223,668 · management and general $20,602

  • 23 · Insurance

    total $0

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $6,310 · management and general $6,310

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $4,845 · program services $4,436 · management and general $409

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $3,800 · program services $3,479 · management and general $321

  • 24d · Other expenses: MEMBERSHIP FEES

    total $275 · management and general $275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $383,985 · end of year $126,567

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $34,295 · end of year $27,750

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $93,818

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

    $6,925,310

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

    $3,982,405

  • 10c · Land, buildings and equipment, net

    beginning of year $3,187,175 · end of year $2,942,905

  • 11 · Investments: publicly traded securities

    beginning of year $2,925,675 · end of year $2,859,709

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $17,557 · end of year $196,248

  • 17 · Accounts payable and accrued expenses

    beginning of year $77,333 · end of year $74,455

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,994,033 · end of year $2,761,275

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $12,000 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,556 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,408,615 · end of year $3,405,941

  • 28 · Net assets with donor restrictions

    beginning of year $54,150 · end of year $5,326

Mission and programs · 2022

Mission

TO ASSIST, SUPPORT AND BENEFIT THE SEAMEN'S SOCIETY FOR CHILDREN AND FAMILIES, PRIMARILY THROUGH THE OWNERSHIP, DEVELOPMENT, MANAGEMENT AND MAINTENANCE OF REAL PROPERTY AND IMPROVEMENTS THERETO.

Activities or mission (Part I)

TO ASSIST, SUPPORT & BENEFIT THE SEAMEN'S SOCIETY FOR CHILDREN & FAMILIES, THROUGH THE OWNERSHIP, DEVELOPMENT, MANAGEMENT & MAINTENANCE OF REAL PROPERTY & IMPROVEMENTS THERETO.

  • IMPROVEMENTS AT 50 BAY STREET, STATEN ISLAND, NY UTILIZED BY THE AFFILIATE TO OPERATE A COMPREHENSIVE SOCIAL SERVICES AGENCY THAT OFFERS THE FOLLOWING PROGRAMS/SERVICES: FOSTER CARE AND ADOPTION, FAMILY SUPPORT SERVICES, DOMESTIC/INTIMATE PARTNER VIOLENCE INTERVENTION & COUNSELING, HOME HEALTH CARE MANAGEMENT, AND YOUTH ENRICHMENT PROGRAMS.

    Expenses $699,514 · Grants $348,824 · Revenue $570,000

As filed on the 2022 return.

Listed in Part VII

  • David W Gaskin

    EXECUTIVE VP/COO

    Total calculated
    $266,191
    From this org
    $0
    From related orgs
    $254,880
    Other
    $11,311
    Hours/week
    1 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,214 related
    Bonus
    $0
    Other
    $0 + $28,666 related
    Deferred
    $0 + $11,311 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $266,191 related

  • Philip I Zweiger

    CHIEF FINANCIAL OFFICER

    Total calculated
    $182,606
    From this org
    $0
    From related orgs
    $165,484
    Other
    $17,122
    Hours/week
    1 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,484 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,488 related
    Nontaxable benefits
    $0 + $8,634 related
    Filer's total
    $0 + $182,606 related

  • Jon Del Giorno

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Lee Stephens III

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Margaret S Accordino

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ralph Branca

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kim Dollard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Stirn-Ainslie

    TRUSTEE

    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

None.

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)

SCHEDULE J, PART I, LINE 3:
DAVID W. GASKIN, EXECUTIVE VP/COO, RECEIVED COMPENSATION FROM SEAMEN'S SOCIETY FOR CHILDREN AND FAMILIES, A RELATED 501(C)(3) ORGANIZATION SEAMEN'S SOCIETY FOR CHILDREN AND FAMILIES USED FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE VP/COO.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202441249349302089

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