Sound Waters Inc

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 06/2022, Sound Waters Inc employed 73 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 06/2022, Sound Waters Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SOUNDWATERS CREATES OPPORTUNITES FOR STUDENTS TO LEARN, TRAIN AND EXPLORE ON LONG ISLAND SOUND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOR OVER 30 YEARS WE HAVE ENGAGED HUNDREDS OF THOUSANDS OF CHILDREN AND ADULTS TO BUILD A DEEPER INTEREST AND LITERACY IN SCIENCE FOR IMPROVED SCHOOL ACHIEVEMENT AND TO RAISE AWARENESS ABOUT WHAT WE ALL CAN DO TO PROTECT THE HEALTH OF THE SOUND. WE UTILIZE OUR LEARNING LAB AND AQUARIUM, HANDS-ON ACTIVITIES ON THE SHORELINE AND UNIQUE ON-THE-WATER SAILING EXPERIENCES TO ACHIEVE HIGH-IMPACT LEARNING AND RETENTION, INCREASE CONFIDENCE, MOTIVATION AND POSITIVE BEHAVIOR, AND CREATE LIFELONG LEARNERS.KEY PROGRAMS INCLUDE: 1) RIGOROUS, EXPERIENTIAL SCIENCE EDUCATION, PRE-K THROUGH HIGH SCHOOL; 2) STEM EDUCATION SAILS ABOARD OUR 80-FOOT, THREE-MASTED SCHOONER SOUNDWATERS; 3) SKILL-BUILDING INTERNSHIP AND MENTORING FOR HIGH SCHOOL STUDENTS; 4) SUMMER ENRICHMENT FOR ALL STUDENTS; 5) MARITIME SKILLS TRAINING FOR YOUTH 18-24; 6) OUTREACH/ EVENTS FOR THE BROADER COMMUNITY INCLUDING PUBLIC SAILS, PADDLE SPORTS, MARINE DEBRIS REMOVAL ACTIVITIES AND MORE. SOUNDWATERS ANNUAL REACH IS TREMENDOUS: 111 SCHOOLS, 37 TOWNS, 225 PUBLIC SAILS, 270 VOLUNTEERS, THOUSANDS OF ATTENDEES AT PUBLIC EVENTS. WE ANNUALLY REACH 40,000 ADULTS AND CHILDREN. MORE THAN 50% OF CHILDREN WE SERVE ARE FROM LOW INCOME HOUSEHOLDS. SOUNDWATERS IS COMMITTED TO ENSURING THAT NO CHILD OR SCHOOL WILL BE EXCLUDED FROM OUR PROGRAMS DUE TO AN INABILITY TO PAY. SOUNDWATERS INNOVATES CONSTANTLY TO DEVELOP NEW WAYS TO IMPROVE LONG ISLAND SOUND. CURRENT RESEARCH PROJECTS INCLUDE AQUACULTURE, WITH A FOCUS ON OYSTERS AND KELP (SEAWEED). BOTH PROJECTS INVOLVE GROWING A CROP THAT BOTH IMPROVES WATER QUALITY AND IS ECONOMICALLY VIABLE. AT BOTH OUR OYSTER UPWELLER AND OUR KELP FARM, SOUNDWATERS IS EXPLORING NEW WAYS TO IMPROVE THE SOUND AND ENGAGE THE PUBLIC. LIKE MOST ORGANIZATIONS AND PEOPLE, SOUNDWATERS WAS DEEPLY AFFECTED BY THE COVID-19 PANDEMIC. BEGINNING IN MARCH, 2020 MOST SCHOOL-BASED PROGRAMS WERE CANCELLED. WE PIVOTED TO REMOTE PROGRAMS AND WERE ABLE TO EDUCATE THOUSANDS OF CHILDREN ON AN EXCITING NEW, VIRTUAL PLATFORM.SOUNDWATERS IS CURRENTLY COMPLETING THE MULTIYEAR HARBOR AMBITIONS CAMPAIGN TO BUILD A STATE-OF-THE-ART HARBOR CENTER AT BOCCUZZI PARK IN STAMFORD (WITH COMPLETION EXPECTED IN FALL 2022) AND TO LAUNCH, EXPAND AND ENDOW STUDENT ACCESS TO NEW ENVIRONMENTAL AND LIFE-CHANGING PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Leigh Shemitz
President
$236,771
Margaret W Peterson
Finance Director
$94,601
Anthony Allott
Vice Chair
$0
Bud Grebey
Secretary
$0
Doug Bora
Chairman Of The Board
$0
Fred Lorthioir
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Community Counseling Service
Consulting Services
$301,000
Fuller & D'angelo
Architecture Services
$319,993
Jones Lang Lasalle America
Real Estate Services
$233,515
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$311,473
Related organizations$0
Government grants $2,490,412
All other contributions, gifts, grants, and similar amounts not included above$2,317,389
Noncash contributions included in lines 1a–1f $408,692
Total Revenue from Contributions, Gifts, Grants & Similar$5,119,274
Total Program Service Revenue$895,583
Investment income $56,487
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$81,360
Net Income from Fundraising Events -$45,004
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,964,857

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Sound Waters Inc has recieved totaling $127,500.

Awarding OrganizationAmount
Oaklawn Foundation

Wilton, CT

PURPOSE: EXPLORERS' PROGRAM AND SCHOLARSHIP FUND MULTI YEAR GRANTS:$25,000 FOR 2023-2025

$75,000
Oaklawn Foundation

Wilton, CT

PURPOSE: EXPLORERS PROGRAM YEAR 3 OF 3; SCHOLARSHIP FUND YEAR 2 OF 5 AND DIRECTOR'S GRANT TO 501C ORGANIZATION

$50,000
Selkowitz Family Foundation

Stamford, CT

PURPOSE: PROTECTING LONG ISLAND SOUND THROUGH EDUCATION

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,128,911
Earnings-$255,382
Admin Expense$20,696
Net Contributions$50,000
Ending Balance$1,902,833

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