Sea-Legs Inc
- Assets
- $10.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New London, CT
- Founding
- 09/1998
- Data as of
- 03/2017
- EIN
- 04-3420792
Organization Overview
Sea-Legs Inc is located in New London, CT. The organization was established in 1998. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sea-Legs Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2017, Sea-Legs Inc generated $35.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $41.0k during the year ending 03/2017. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3
ENHANCE RECREATIONAL, VOCATIONAL, AND EDUCATIONAL OPTIONS FOR UNDERPRIVILEGED CHILDREN USING THE SEA AND MARITIME EXPERIENCE AS A MEANS FOR PERSONAL, SOCIAL AND FUTURE ECONOMIC POTENTIAL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Lathrop President | 30 | $0 | |
Craig Spear Board Member | 0 | $0 | |
Paul Jakoboski Treasurer | 5 | $0 | |
Anthony Lathrop Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,959 |
| Total Program Service Revenue | $16,470 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,827 |
| Other Revenue | $1 |
| Total Revenue | $35,257 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,261 |
| Professional fees and other payments to independent contractors | $4,812 |
| Occupancy, rent, utilities, and maintenance | $2,000 |
| Printing, publications, postage, and shipping | $114 |
| Other expenses | $30,797 |
| Total expenses | $40,984 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,283 |
| Other assets | $0 |
| Total assets | $10,319 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,319 |