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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Leigh Shemitz President | Officer | 37.5 | $236,771 |
Margaret W Peterson Finance Director | Officer | 30 | $94,601 |
Anthony Allott Vice Chair | OfficerTrustee | 5 | $0 |
Bud Grebey Secretary | OfficerTrustee | 5 | $0 |
Doug Bora Chairman Of The Board | OfficerTrustee | 5 | $0 |
Fred Lorthioir Treasurer | OfficerTrustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Community Counseling Service Consulting Services | 6/29/22 | $301,000 |
Fuller & D'angelo Architecture Services | 6/29/22 | $319,993 |
Jones Lang Lasalle America Real Estate Services | 6/29/22 | $233,515 |
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 |
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. | $308,771 |
Compensation of current officers, directors, key employees. | $140,547 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $948,417 |
Pension plan accruals and contributions | $13,177 |
Other employee benefits | $59,046 |
Payroll taxes | $82,025 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $45,348 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $20,696 |
Fees for services: Other | $154,659 |
Advertising and promotion | $27,383 |
Office expenses | $60,330 |
Information technology | $54,134 |
Royalties | $0 |
Occupancy | $79,825 |
Travel | $13,451 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,430 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $123,119 |
Insurance | $100,943 |
All other expenses | $0 |
Total functional expenses | $2,327,399 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $630,815 |
Savings and temporary cash investments | $1,826,472 |
Pledges and grants receivable | $2,728,159 |
Accounts receivable, net | $390,540 |
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 | $71,931 |
Net Land, buildings, and equipment | $8,433,702 |
Investments—publicly traded securities | $1,851,545 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $26,628 |
Total assets | $15,959,792 |
Accounts payable and accrued expenses | $597,561 |
Grants payable | $0 |
Deferred revenue | $371,843 |
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 | $119,029 |
Total liabilities | $1,088,433 |
Net assets without donor restrictions | $9,550,533 |
Net assets with donor restrictions | $5,320,826 |
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 | $15,959,792 |
Over the last fiscal year, we have identified 3 grants that Sound Waters Inc has recieved totaling $127,500.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $2,128,911 |
Earnings | -$255,382 |
Admin Expense | $20,696 |
Net Contributions | $50,000 |
Ending Balance | $1,902,833 |
Organization Name | Assets | Revenue |
---|---|---|
New England Interstate Water Pollution Control Commission Lowell, MA | $13,941,857 | $17,678,985 |
Conservation Law Foundation Inc Boston, MA | $40,803,982 | $23,298,469 |
Waterkeeper Alliance Inc New York, NY | $5,512,348 | $11,721,218 |
New Ecology Inc Boston, MA | $3,455,228 | $7,374,959 |
West Harlem Environmental Action Inc New York, NY | $16,626,101 | $16,263,917 |
Consortium For Energy Efficiency Inc Middleton, MA | $3,900,688 | $3,677,638 |
Sound Waters Inc Stamford, CT | $15,959,792 | $5,964,857 |
Project For Public Spaces Inc New York, NY | $985,831 | $2,895,436 |
Catskill Center For Conservation And Development Inc Arkville, NY | $7,000,138 | $2,362,917 |
North Shore Land Alliance Inc Oyster Bay, NY | $13,439,856 | $3,087,972 |
New York Public Interest Research Group Inc New York, NY | $588,268 | $1,960,144 |
Regional Environmental Council Inc Worcester, MA | $1,577,691 | $1,815,308 |