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Nonprofiteer
← SEA MEADOW MARINE FOUNDATION

Form 990 for tax year 2024

Filed by SEA MEADOW MARINE FOUNDATION.

Totals

Total revenue
$1,418,205
Total expenses
$146,032
Contributions and grants received
$1,299,957
Grants paid
$1,150
Program service revenue
$114,202
Investment income
$4,046
Other revenue
$0
Total assets, end of year
$2,904,731
Total liabilities, end of year
$1,453,025
Net assets or fund balances, end of year
$1,451,706
Program services expenses (Part IX)
$56,761
Management and general expenses
$84,030
Fundraising expenses
$5,241
Program service expenses (Part III)
$56,761

Program services were 38.9% 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)

    $790,000

  • 1f · All other contributions, gifts and grants

    $509,957

  • 2a · Program service revenue: RENT

    total $113,002 · related or exempt $113,002

  • 2b · Program service revenue: CONSULTATION

    total $1,200 · related or exempt $1,200

  • 3 · Investment income

    total $4,046 · excluded $4,046

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,150 · program services $1,150

  • 5 · Compensation of officers, directors and key employees

    total $600 · program services $600

  • 11b · Fees: legal

    total $2,683 · management and general $2,683

  • 11c · Fees: accounting

    total $7,698 · management and general $7,698

  • 11g · Fees: other

    total $4,706 · program services $4,706

  • 12 · Advertising and promotion

    total $10,482 · program services $1,791 · management and general $3,450 · fundraising $5,241

  • 13 · Office expenses

    total $1,794 · program services $964 · management and general $830

  • 14 · Information technology

    total $1,936 · program services $1,936

  • 16 · Occupancy

    total $17,949 · program services $17,927 · management and general $22

  • 19 · Conferences, conventions and meetings

    total $135 · management and general $135

  • 20 · Interest

    total $67,951 · management and general $67,951

  • 22 · Depreciation, depletion and amortization

    total $13,624 · program services $13,624

  • 23 · Insurance

    total $3,866 · program services $2,605 · management and general $1,261

  • 24a · Other expenses: Educational collaborati

    total $6,200 · program services $6,200

  • 24b · Other expenses: In-Kind Expense

    total $5,258 · program services $5,258

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,878 · end of year $56,703

  • 2 · Savings and temporary cash investments

    beginning of year $230,527 · end of year $213,714

  • 4 · Accounts receivable

    beginning of year $926 · end of year $1,067,846

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,166

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

    $1,606,541

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

    $40,873

  • 10c · Land, buildings and equipment, net

    beginning of year $1,269,653 · end of year $1,565,668

  • 15 · Other assets

    beginning of year $800 · end of year $800

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,158 · end of year $124,267

  • 23 · Secured mortgages and notes payable

    beginning of year $1,347,259 · end of year $1,327,758

  • 25 · Other liabilities

    beginning of year $1,000 · end of year $1,000

  • 27 · Net assets without donor restrictions

    beginning of year $63,189 · end of year $1,287,838

  • 28 · Net assets with donor restrictions

    beginning of year $116,344 · end of year $163,868

Mission and programs · 2024

Mission

The Sea Meadow Marine Foundation preserves Maine's working waterfront through a collaborative, sustainable approach to regenerate our coast, improve marine and public health, and protect our maritime heritage. We strive to integrate environmental science and educational opportunities into our support of the marine economy.

Activities or mission (Part I)

The Sea Meadow Marine Foundation preserves Maine's working waterfront through a collaborative, sustainable approach to regenerate our coast, improve marine and public health, and protect our maritime heritage. Maine's coastal lands are under increasing pressure from real estate developers. Our primary goal is to preserve and maintain affordable access to the working waterfront for individuals and families who make their living from the sea. Our main program is leasing space/access to these groups.

  • The Sea Meadow Marine Foundation preserves Maine's working waterfront through a collaborative, sustainable approach to regenerate our coast, improve marine and public health, and protect our maritime heritage. Maine's coastal lands are under increasing pressure from real estate developers. Our primary goal is to preserve and maintain affordable access to the working waterfront for individuals and families who make their living from the sea. Our main program is leasing space/access to these groups.

    Expenses $56,761 · Grants $1,150 · Revenue $114,202

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chadwick Strater

    President

    Total calculated
    $0
    Hours/week
    4.5

  • Rebecca Rundquist

    Vice-President

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Austin Plaster

    Secretary

    Total calculated
    $0
    Hours/week
    4.5

  • David Dickison

    Treasurer

    Total calculated
    $0
    Hours/week
    6

  • John Gillespie

    Director

    Total calculated
    $0
    Hours/week
    1

  • Taja Harper

    Director

    Total calculated
    $0
    Hours/week
    1

  • Negina Lowe

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nick Planson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jaclyn Robidoux

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Walztoni

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bruce Ward

    Director

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
21 July 2025
IRS schema version
2024v5.2
Source object
202522029349300232

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