Form 990 for tax year 2023
Filed by FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC.
Totals
- Total revenue
- $1,607,808
- Total expenses
- $734,227
- Contributions and grants received
- $1,201,725
- Grants paid
- $0
- Program service revenue
- $400,009
- Investment income
- $6,074
- Other revenue
- $0
- Total assets, end of year
- $4,263,228
- Total liabilities, end of year
- $30,130
- Net assets or fund balances, end of year
- $4,233,098
- Program services expenses (Part IX)
- $511,767
- Management and general expenses
- $125,501
- Fundraising expenses
- $96,959
- Program service expenses (Part III)
- $511,767
Program services were 69.7% 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
$1,201,725
-
2a · Program service revenue: TUITION & CHARTER INCOME
total $381,002 · related or exempt $381,002
-
2b · Program service revenue: OPERATING REVENUE - OTHER
total $19,007 · related or exempt $19,007
-
3 · Investment income
total $6,074 · excluded $6,074
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $156,000 · program services $156,000
-
7 · Other salaries and wages
total $172,898 · program services $57,783 · management and general $72,358 · fundraising $42,757
-
9 · Other employee benefits
total $12,985 · program services $8,440 · management and general $2,857 · fundraising $1,688
-
10 · Payroll taxes
total $34,286 · program services $22,286 · management and general $7,543 · fundraising $4,457
-
11g · Fees: other
total $42,632 · program services $15,382 · management and general $22,250 · fundraising $5,000
-
12 · Advertising and promotion
total $9,610 · fundraising $9,610
-
13 · Office expenses
total $6,578 · program services $683 · management and general $710 · fundraising $5,185
-
14 · Information technology
total $8,193 · program services $5,325 · management and general $1,802 · fundraising $1,066
-
16 · Occupancy
total $37,058 · program services $24,088 · management and general $8,153 · fundraising $4,817
-
17 · Travel
total $6,358 · fundraising $6,358
-
22 · Depreciation, depletion and amortization
total $120,954 · program services $120,954
-
23 · Insurance
total $20,820 · program services $20,095 · management and general $456 · fundraising $269
-
24a · Other expenses: PROGRAM SUPPLIES
total $57,558 · program services $55,558 · management and general $2,000
-
24b · Other expenses: EXPENSES - OTHER
total $20,877 · program services $3,299 · management and general $3,886 · fundraising $13,692
-
24c · Other expenses: BANK AND OTHER FEES
total $15,846 · program services $10,300 · management and general $3,486 · fundraising $2,060
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $6,834 · program services $6,834
-
24e · All other expenses
total $4,740 · program services $4,740
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $694,198 · end of year $572,324
-
2 · Savings and temporary cash investments
beginning of year $89,046 · end of year $1,434,292
-
4 · Accounts receivable
beginning of year $730
-
9 · Prepaid expenses and deferred charges
end of year $35,889
-
10a · Land, buildings and equipment: cost or other basis
$2,436,809
-
10b · Land, buildings and equipment: accumulated depreciation
$352,586
-
10c · Land, buildings and equipment, net
beginning of year $2,166,619 · end of year $2,084,223
-
15 · Other assets
beginning of year $430,000 · end of year $136,500
-
17 · Accounts payable and accrued expenses
beginning of year $16,338 · end of year $21,040
-
19 · Deferred revenue
beginning of year $10,460 · end of year $9,090
-
27 · Net assets without donor restrictions
beginning of year $2,536,925 · end of year $3,497,675
-
28 · Net assets with donor restrictions
beginning of year $816,870 · end of year $735,423
Mission and programs · 2023
Mission
FUEL OFFERS COLLEGE CURRICULUM IN AN EXPERIMENTAL FRAMEWORK ONBOARD A WORLD-VOYAGING SAILING SHIP.
Activities or mission (Part I)
FUEL OFFERS COLLEGE CURRICULUM IN AN EXPERIMENTAL FRAMEWORK ONBOARD A WORLD VOYAGING SAILING SHIP. THROUGH VOYAGES AT SEA, FUEL EMBOLDENS YOUTH TO IMPROVE THE WORLD.
-
FUEL PROVIDES STUDENTS LIFE CHANGING JOURNEYS WHICH ALLOW THEM TO DISCOVER THEIR PERSONAL POTENTIAL THROUGH LEARNING. UPON COMPLETION OF THE PROGRAM STUDENTS WILL RECEIVE THEIR FIRST SEA SERVICE LETTER THAT CAN BE USED TOWARDS OBTAINING A UNITED STATES COAST GUARD CAPTAINS LICENSE.
Expenses $511,767
As filed on the 2023 return.
Listed in Part VII
-
Harry DickersonHARRY DICKERSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Sally WalshSALLY WALSH
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 5
-
John KeeneJOHN KEENE
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Tracey Overbeck SteadTRACEY OVERBECK STEAD
CLERK
- Total calculated
- $0
- Hours/week
- 5
-
Peter F Carr IIPETER F CARR II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Derek Fairchild-CoppolettiDEREK FAIRCHILD-COPPOLETTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sally WalshSALLY WALSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brian BristolBRIAN BRISTOL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Harry DickersonHARRY DICKERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John KeeneJOHN KEENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tracey Overbeck SteadTRACEY OVERBECK STEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel Ian RidgewayDANIEL IAN RIDGEWAY
CO-EXEC DIRE
- Total calculated
- $78,000
- From this org
- $78,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Casey BlumCASEY BLUM
CO-EXEC DIRE
- Total calculated
- $78,000
- From this org
- $78,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433109349300603
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