Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $350

• 2a · Program service revenue: RENTAL INCOME

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

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $77,266 · excluded $77,266

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $1,220,263

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

  securities $1,003,152

• 7c · Gain or loss

  securities $217,111 · other assets $0

• 7d · Net gain or loss

  total $217,111 · excluded $217,111

• 8a · Fundraising events: contributions included on line 1c

  $350

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $145,200 · management and general $145,200

• 11c · Fees: accounting

  total $42,467 · management and general $42,467

• 11f · Fees: investment management

  total $36,961 · management and general $36,961

• 11g · Fees: other

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

• 13 · Office expenses

  total $10,948 · program services $9,610 · management and general $1,338

• 17 · Travel

  total $3,740 · program services $3,283 · management and general $457

• 20 · Interest

  total $75,071 · program services $65,895 · management and general $9,176

• 22 · Depreciation, depletion and amortization

  total $250,579 · program services $219,952 · management and general $30,627

• 24a · Other expenses: MISCELLANEOUS EXPENSE

  total $18,983 · program services $16,663 · management and general $2,320

• 24b · Other expenses: MEMBERSHIP FEES

  total $250 · management and general $250

• 24e · All other expenses

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

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $204,728 · end of year $45,634

• 4 · Accounts receivable

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

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

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

  $6,925,310

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

  $4,477,253

• 10c · Land, buildings and equipment, net

  beginning of year $2,698,636 · end of year $2,448,057

• 11 · Investments: publicly traded securities

  beginning of year $3,237,916 · end of year $3,232,219

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $254,675 · end of year $714,723

• 17 · Accounts payable and accrued expenses

  beginning of year $86,235 · end of year $80,648

• 20 · Tax-exempt bond liabilities

  beginning of year $2,500,582 · end of year $2,256,771

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $3,825,562 · end of year $4,119,288

• 28 · Net assets with donor restrictions

  beginning of year $11,326 · end of year $11,676

The filer's explanations (Part III)

Schedule J, Part I, Line 3

DAVID W. GASKIN, CHIEF EXECUTIVE OFFICER, 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.