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Nonprofiteer
← SEAS FOUNDATION LTD

Form 990 for tax year 2024

Filed by SEAS FOUNDATION LTD.

Totals

Total revenue
$1,555,084
Total expenses
$13,288
Contributions and grants received
$1,353,000
Grants paid
$0
Program service revenue
$0
Investment income
$202,084
Other revenue
$0
Total assets, end of year
$4,031,295
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,031,295
Program services expenses (Part IX)
$0
Management and general expenses
$13,288
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1d · Related organizations

    $1,350,000

  • 1f · All other contributions, gifts and grants

    $3,000

  • 3 · Investment income

    total $83,296 · excluded $83,296

  • 7a · Gross sales of assets other than inventory

    other assets $118,788

  • 7c · Gain or loss

    other assets $118,788

  • 7d · Net gain or loss

    total $118,788 · excluded $118,788

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $600 · management and general $600

  • 11f · Fees: investment management

    total $12,688 · management and general $12,688

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,774 · end of year $7,174

  • 12 · Investments: other securities

    beginning of year $2,442,265 · end of year $4,024,121

  • 27 · Net assets without donor restrictions

    beginning of year $2,447,039 · end of year $4,031,295

Mission and programs · 2024

Mission

TO RECEIVE AND ADMINISTER FUNDS FOR THE SUPPORT OF SAILING EDUCATION ASSOCIATION OF SHEBOYGAN INC AND SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES AS IT RELATES TO SAILING EDUCATION ASSOCIATION OF SHEBOYGAN INC.

  • TO RECEIVE AND ADMINISTER FUNDS FOR THE SUPPORT OF SAILING EDUCATION ASSOCIATION OF SHEBOYGAN INC AND SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES AS IT RELATES TO SAILING EDUCATION ASSOCIATION OF SHEBOYGAN INC.

As filed on the 2024 return.

Listed in Part VII

  • ERIC ZUFELT

    PRESIDENT/TR

    Total calculated
    $0
    Hours/week
    0.1

  • JASON BEMIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • ADAM BROTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • JAMES TESTWUIDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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.

Grants on this return

No itemized grants to organizations 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
2024
Filed
10 July 2025
IRS schema version
2024v5.0
Source object
202541979349301214

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