Friends Of Seamens Society
- Assets
- $6.5m
- Revenue
- $776.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 09/2001
- Data as of
- 06/2022
- EIN
- 13-4139603
Organization Overview
Friends Of Seamens Society is located in Staten Island, NY. The organization was established in 2001. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Seamens Society 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, Friends Of Seamens Society generated $776.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $721.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 5 years. 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
TO ASSIST, SUPPORT & BENEFIT THE SEAMEN'S SOCIETY FOR CHILDREN & FAMILIES, THROUGH THE OWNERSHIP, DEVELOPMENT, MANAGEMENT & MAINTENANCE OF REAL PROPERTY & IMPROVEMENTS THERETO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENTS AT 50 BAY STREET, STATEN ISLAND, NY UTILIZED BY THE AFFILIATE TO OPERATE A COMPREHENSIVE SOCIAL SERVICES AGENCY THAT OFFERS THE FOLLOWING PROGRAMS/SERVICES: FOSTER CARE AND ADOPTION, FAMILY SUPPORT SERVICES, DOMESTIC/INTIMATE PARTNER VIOLENCE INTERVENTION & COUNSELING, HOME HEALTH CARE MANAGEMENT, AND YOUTH ENRICHMENT PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David W Gaskin Executive Vp/coo | OfficerTrustee | 1 | $0 |
Philip I Zweiger Chief Financial Officer | Officer | 1 | $0 |
Jon Del Giorno Chairman | OfficerTrustee | 1 | $0 |
Lee Stephens III Treasurer | OfficerTrustee | 1 | $0 |
Margaret S Accordino Secretary | OfficerTrustee | 1 | $0 |
Ralph Branca Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,313 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,413 |
| Total Program Service Revenue | $570,000 |
| Investment income | $45,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,778 |
| Net Income from Fundraising Events | -$7,736 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $776,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,057 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $120,000 |
| 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 | $37,678 |
| Fees for services: Other | $21,158 |
| Advertising and promotion | $0 |
| Office expenses | $14,030 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $155,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,579 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $721,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $383,985 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,295 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,187,175 |
| Investments—publicly traded securities | $2,925,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,557 |
| Total assets | $6,548,687 |
| Accounts payable and accrued expenses | $77,333 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,994,033 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,556 |
| Total liabilities | $3,085,922 |
| Net assets without donor restrictions | $3,408,615 |
| Net assets with donor restrictions | $54,150 |
| 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 | $6,548,687 |