Totals
- Total revenue
- $10,645,271
- Total expenses
- $9,251,112
- Contributions and grants received
- $6,714,636
- Grants paid
- $303,273
- Program service revenue
- $3,109,534
- Investment income
- $631,479
- Other revenue
- $189,622
- Total assets, end of year
- $23,348,494
- Total liabilities, end of year
- $2,332,460
- Net assets or fund balances, end of year
- $21,016,034
- Program services expenses (Part IX)
- $7,060,562
- Management and general expenses
- $1,676,508
- Fundraising expenses
- $514,042
- Program service expenses (Part III)
- $7,060,562
Program services were 76.3% 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)
$420,952
-
1f · All other contributions, gifts and grants
$6,293,684
-
1g · Noncash contributions included above
$89,332
-
2a · Program service revenue: TUITION AND FEES
total $2,625,957 · related or exempt $2,625,957
-
2b · Program service revenue: SEMINARS & OTHER FEES
total $483,577 · related or exempt $483,577
-
3 · Investment income
total $161,560 · excluded $161,560
-
6a · Gross rents
real property $24,739
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $24,739
-
6d · Net rental income or loss
total $24,739 · excluded $24,739
-
7a · Gross sales of assets other than inventory
securities $3,273,765
-
7b · Less cost or other basis and sales expenses
securities $2,803,846
-
7c · Gain or loss
securities $469,919
-
7d · Net gain or loss
total $469,919 · excluded $469,919
-
11a · Other revenue: OTHER INCOME
total $144,978 · excluded $144,978
-
11b · Other revenue: HOUSING INCOME
total $19,905 · excluded $19,905
-
11e · Other revenue, total
$164,883
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $303,273 · program services $303,273
-
5 · Compensation of officers, directors and key employees
total $261,662 · program services $196,247 · management and general $49,715 · fundraising $15,700
-
7 · Other salaries and wages
total $3,581,536 · program services $2,380,743 · management and general $870,604 · fundraising $330,189
-
8 · Pension plan contributions
total $77,915 · program services $47,105 · management and general $22,038 · fundraising $8,772
-
9 · Other employee benefits
total $387,570 · program services $155,912 · management and general $213,863 · fundraising $17,795
-
10 · Payroll taxes
total $292,178 · program services $201,088 · management and general $65,792 · fundraising $25,298
-
11b · Fees: legal
total $6,072 · management and general $6,072
-
11c · Fees: accounting
total $28,360 · management and general $28,360
-
11e · Fees: professional fundraising services
total $63,000 · fundraising $63,000
-
11g · Fees: other
total $75,399 · program services $15,997 · management and general $59,402
-
12 · Advertising and promotion
total $27,292 · management and general $27,292
-
13 · Office expenses
total $229,155 · program services $173,112 · management and general $46,586 · fundraising $9,457
-
14 · Information technology
total $129,290 · program services $88,651 · management and general $33,201 · fundraising $7,438
-
16 · Occupancy
total $415,222 · program services $386,168 · management and general $25,304 · fundraising $3,750
-
17 · Travel
total $437,056 · program services $338,531 · management and general $84,072 · fundraising $14,453
-
19 · Conferences, conventions and meetings
total $24,254 · program services $2,553 · management and general $20,210 · fundraising $1,491
-
22 · Depreciation, depletion and amortization
total $710,326 · program services $677,924 · management and general $28,220 · fundraising $4,182
-
23 · Insurance
total $334,733 · program services $302,317 · management and general $32,416
-
24a · Other expenses: GRANT SUBAWARDS AND SUB
total $531,582 · program services $531,582
-
24b · Other expenses: SHIPBOARD R&M
total $476,634 · program services $476,634
-
24c · Other expenses: FOOD
total $283,446 · program services $283,446
-
24d · Other expenses: SHIP SUPPLIES
total $230,385 · program services $230,385
-
24e · All other expenses
total $344,772 · program services $268,894 · management and general $63,361 · fundraising $12,517
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $133,178 · end of year $55,764
-
2 · Savings and temporary cash investments
beginning of year $2,978,567 · end of year $2,792,111
-
3 · Pledges and grants receivable
beginning of year $956,633 · end of year $264,347
-
4 · Accounts receivable
beginning of year $343,128 · end of year $883,222
-
9 · Prepaid expenses and deferred charges
beginning of year $263,459 · end of year $176,148
-
10a · Land, buildings and equipment: cost or other basis
$27,975,540
-
10b · Land, buildings and equipment: accumulated depreciation
$17,104,669
-
10c · Land, buildings and equipment, net
beginning of year $6,891,400 · end of year $10,870,871
-
11 · Investments: publicly traded securities
beginning of year $8,503,815 · end of year $7,696,900
-
12 · Investments: other securities
beginning of year $598,869 · end of year $609,131
-
17 · Accounts payable and accrued expenses
beginning of year $264,704 · end of year $352,248
-
19 · Deferred revenue
beginning of year $1,147,663 · end of year $1,980,212
-
27 · Net assets without donor restrictions
beginning of year $11,212,225 · end of year $12,569,163
-
28 · Net assets with donor restrictions
beginning of year $8,044,457 · end of year $8,446,871
Mission and programs · 2022
Mission
SEA IS A GLOBAL TEACHING, LEARNING AND RESEARCH COMMUNITY DEDICATED TO THE EXPLORATION, UNDERSTANDING AND STEWARDSHIP OF MARINE AND MARITIME ENVIRONMENTS. SEA EMPOWERS STUDENTS WITH LIFE-CHANGING SEA VOYAGES OF SCIENTIFIC AND CULTURAL DISCOVERY, ACADEMIC RIGOR AND PERSONAL GROWTH. OUR SEA SEMESTER PROGRAM FEATURES AN INTERDISCIPLINARY CURRICULUM AND DYNAMIC LEADERSHIP DEVELOPMENT EXPERIENCE - ON SHORE AND AT SEA ABOARD TALL SHIPS.
Activities or mission (Part I)
WINNER OF THE 2016 NATIONAL SCIENCE BOARD PUBLIC SERVICE AWARD, SEA EDUCATES AND INSPIRES OCEAN SCHOLARS, STEWARDS, AND LEADERS. SEA OFFERS HIGH SCHOOL AND UNDERGRADUATE STUDENTS AN ADVENTURE WITH A PURPOSE, COMBINING ACADEMIC STUDIES ON SHORE WITH HANDS-ON, FIELD-BASED LEARNING AT SEA ABOARD TALL SHIP RESEARCH VESSELS.
-
69 UNDERGRADUATES AND 9 GAP YEAR STUDENTS PARTICIPATED IN SEA SEMESTER PROGRAMS: BOSTON UNIVERSITY ACCREDITED STUDY ABROAD PROGRAMS FOCUSED ON THE OCEAN ENVIRONMENT. SEA SEMESTER STUDENTS ENROLLED FROM 16 COLLEGES AND UNIVERSITIES AND SEA AWARDED FINANCIAL ASSISTANCE TO 43% OF ENROLLED UNDERGRAD AND 11% OF GAP STUDENTS. GAP YEAR STUDENTS ARE CURRENTLY A GROWING PERCENTAGE OF ENROLLED STUDENTS. STUDENTS BEGIN THEIR STUDIES ON OUR CAMPUS IN WOODS HOLE, MA AND THEN JOIN ONE OF OUR TWO 134-FOOT SAIL TRAINING VESSELS FOR A SAILING RESEARCH EXPERIENCE IN THE ATLANTIC, PACIFIC, OR CARIBBEAN. WHILE AT SEA, STUDENTS ACT AS FULL MEMBERS OF THE SAILING CREW AND SCIENTIFIC TEAM, OPERATING ALL ASPECTS OF THE VESSEL WHILE COMPLETING SELF-DESIGNED RESEARCH PROJECTS IN A VARIETY OF DISCIPLINES.
Expenses $5,437,784 · Grants $250,134 · Revenue $2,123,646
-
117 STUDENTS FROM 103 SCHOOLS ATTENDED 6 HIGH SCHOOL PROGRAMS OFFERED DURING THE SUMMER OF 2022. ALL SESSIONS OFFERED THE OPPORTUNITY TO STUDY THE MARINE ENVIRONMENT FROM A VARIETY OF DIFFERENT PERSPECTIVES: SCIENTIFIC, HISTORICAL, LITERARY AND NAUTICAL. SEA AWARDED FINANCIAL ASSISTANCE TO 14% OF STUDENTS ENROLLED IN THE HIGH SCHOOL PROGRAMS.
Expenses $423,333 · Grants $53,139 · Revenue $502,311
-
SIX COLLABORATIVE PROGRAMS WERE HELD WITH WILLIAMS COLLEGE, THE UNIVERSITY OF CHICAGO, WOODS HOLE OCEANOGRAPHIC INSTITUTION, AND THE UNIVERSITY OF PENNSYLVANIA WHARTON SCHOOL OF BUSINESS. INHERENT IN THE ENVIRONMENT OF THE SAILING SCHOOL VESSEL, THE OPPORTUNITY FOR TEAM BUILDING AND LEADERSHIP SKILLS ARE BOTH ATTRACTIVE COMPONENTS FOR UNIVERSITIES IN A CHALLENGING ENVIRONMENT. THE COLLABORATIVE PROGRAMS ARE OFFERED IN THE ATLANTIC, PACIFIC, AND CARIBBEAN.
Expenses $1,199,445 · Revenue $483,577
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John WigglesworthJOHN WIGGLESWORTH
PRESIDENT AS OF 11/22; OUTGOING TRUSTEE
- Total calculated
- $21,029
- From this org
- $21,029
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jessica C McWadeJESSICA C MCWADE
TRUSTEE/CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Richard W CostRICHARD W COST
TRUSTEE/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Jeremy R SalesinJEREMY R SALESIN
TRUSTEE/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Robert C KnappROBERT C KNAPP
TRUSTEE/TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Linda Cox MaguireLINDA COX MAGUIRE
TRUSTEE/CLERK
- Total calculated
- $0
- Hours/week
- 5
-
Jeanne FoussardJEANNE FOUSSARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Elizabeth Gryska-RiceELIZABETH GRYSKA-RICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Richard H HawkinsRICHARD H HAWKINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Dr Susan E HumphrisDR SUSAN E HUMPHRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Ambrose Jearld JrAMBROSE JEARLD JR
TRUSTEE
- Total calculated
- $30,000
- From this org
- $30,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Stephen LasterSTEPHEN LASTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Beau LescottBEAU LESCOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Ivan LukeIVAN LUKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Erin Myers MadeiraERIN MYERS MADEIRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Caleb McClennenCALEB MCCLENNEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Philip McKnightPHILIP MCKNIGHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Sarah MurdockSARAH MURDOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Kenneth PotterKENNETH POTTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Rebeccah SparkesREBECCAH SPARKES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Willis G WangWILLIS G WANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jacqueline F WebbJACQUELINE F WEBB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Margaret BrandonMARGARET BRANDON
PRESIDENT UNTIL 10/22
- Total calculated
- $181,552
- From this org
- $171,591
- From related orgs
- $0
- Other
- $9,961
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,258
- Bonus
- $0
- Other
- $37,333
- Deferred
- $5,148
- Nontaxable benefits
- $4,813
- Filer's total
- $181,552
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
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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)
- PART I, LINE 4A
- THE OUTGOING PRESIDENT RECEIVED SEVERANCE PAYMENTS TOTALING $27,733, INCLUDED AS OTHER REPORTABLE COMPENSATION.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430899349300323
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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