Sound Waters Inc
- Assets
- $18.3m
- Revenue
- $3.5m
- Investments
- $284.1k
- Employees
- 89
- Location
- Stamford, CT
- Founding
- 11/1989
- Data as of
- 06/2024
- EIN
- 06-1263947
Organization Overview
Sound Waters Inc is located in Stamford, CT. The organization was established in 1989. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. As of 06/2024, Sound Waters Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Waters 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 06/2024, Sound Waters Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $3.8m during the year ending 06/2024. While expenses have increased by 8.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
CREATES OPPORTUNITIES FOR STUDENTS TO LEARN, TRAIN AND EXPLORE ON LONG ISLAND SOUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENVIRONMENTAL/CLIMATE SCIENCE TEACHING: SOUNDWATERS EDUCATION PROGRAMS COMBINE SCIENCE WITH EXPERIENCE TO CREATE JOYFUL LEARNING THAT SUPPORTS AND AMPLIFIES STUDENTS' CLASSROOM WORK. WE TEACH WITH BOOTS IN THE MUD, HANDS ON THE TILLER AND EYES ON THE MICROSCOPE TO CULTIVATE CURIOSITY ALONGSIDE THE SCIENTIFIC METHOD. OUR COASTAL RESILIENCY ACTIVITIES SUPPORT THIS CLIMATE SCIENCE LEARNING. FROM RESTORING A LOCAL SALT MARSH IN THE HARBOR TO GROWING KELP IN THE SOUND, THESE PROJECTS (AND MORE) IMPROVE THE HEALTH OF ENVIRONMENT AND PROVIDE PRACTICAL EXPERIENCE FOR STUDENTS. OUR GOAL IS TO NURTURE THE NEXT GENERATION TO STUDY, ENJOY AND PROTECT OUR ENVIRONMENT.
JOBS AND SKILLS TRAINING: LONG ISLAND SOUND IS OUR MILLION-ACRE CLASSROOM. WE TEACH JOB SKILLS ("HARBOR CORPS") WHERE RECENT HIGH SCHOOLS GRADS DRAW ON THE SOUND AS AN ECONOMIC RESOURCE; WE LEAD ADVANCED SCIENCE SKILLS CLASSES ("RESEARCH INTENSIVE") WHERE TALENTED HIGH SCHOOL STUDENTS CAN LEARN FROM THE SOUND AS AN ECOLOGICAL RESOURCE; AND WE TEACH YOUTH DEVELOPMENT SKILLS ("YOUNG MARINERS") WHERE MIDDLE SCHOOL STUDENTS CAN STUDY, SAIL AND ENGAGE WITH THE SOUND AS A RECREATIONAL RESOURCE. BY CONNECTING YOUNG PEOPLE TO LONG ISLAND SOUND, THEY GAIN JOBS AND SKILLS TRAINING TO LAUNCH THEIR COLLEGE AND CAREER PATHS.
PUBLIC ENGAGEMENT: SOUNDWATERS OFFERS PROGRAMS FOR THE BROADER COMMUNITY, WITH THE GOAL OF PROVIDING A PATHWAY FOR PEOPLE TO DEVELOP A MEANINGFUL CONNECTION WITH THEIR LOCAL ENVIRONMENT. THESE PROGRAMS RANGE FROM PUBLIC SAILS TO SUMMER CAMP TO PADDLE SPORTS TO COASTAL CLEAN-UPS AND MORE. THROUGH ALL OF THESE PROGRAMS, RESOURCES, AND A GREAT TEAM OF PEOPLE, SOUNDWATERS MAKES LONG ISLAND SOUND ACCESSIBLE, WITH THE GOAL OF CREATING A LEGACY OF JOYFUL LEARNING AND LIFELONG STEWARDSHIP. SOUNDWATERS BELIEVES THAT A HEALTHY COMMUNITY IS A HUMAN RIGHT AND WORKS EVERY DAY TO MAKE THIS A REALITY FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Allot Chair | OfficerTrustee | 5 | $0 |
Emily Dreas Vice Chair | OfficerTrustee | 5 | $0 |
Michele Segalla Treasurer | OfficerTrustee | 5 | $0 |
Clarence Grebey Secretary | OfficerTrustee | 5 | $0 |
Sara Adams Director | Trustee | 1 | $0 |
Sheila Bennett Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pavarani Contractor For Habor Site | 6/29/23 | $2,474,634 |
Edu Tek Ltd It Solutions Provider For Harbor Site | 6/29/23 | $212,446 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $431,715 |
| Related organizations | $0 |
| Government grants | $844,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,169,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,445,793 |
| Total Program Service Revenue | $884,036 |
| Investment income | $152,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,031 |
| Net Income from Fundraising Events | -$46,295 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,498,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $358,196 |
| Compensation of current officers, directors, key employees. | $45,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,381,848 |
| Pension plan accruals and contributions | $18,532 |
| Other employee benefits | $98,620 |
| Payroll taxes | $128,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,211 |
| Fees for services: Other | $221,071 |
| Advertising and promotion | $64,315 |
| Office expenses | $68,226 |
| Information technology | $96,318 |
| Royalties | $0 |
| Occupancy | $85,140 |
| Travel | $8,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,607 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $401,610 |
| Insurance | $177,167 |
| All other expenses | $19,802 |
| Total functional expenses | $3,810,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,376 |
| Savings and temporary cash investments | $1,976,774 |
| Pledges and grants receivable | $948,290 |
| Accounts receivable, net | $517,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,293 |
| Net Land, buildings, and equipment | $11,125,704 |
| Investments—publicly traded securities | $2,442,379 |
| Investments—other securities | $284,125 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $282,816 |
| Total assets | $18,306,592 |
| Accounts payable and accrued expenses | $364,461 |
| Grants payable | $0 |
| Deferred revenue | $472,430 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $253,436 |
| Total liabilities | $1,090,327 |
| Net assets without donor restrictions | $14,639,396 |
| Net assets with donor restrictions | $2,576,869 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,306,592 |