Seasteading Institute
- Assets
- $951.5k
- Revenue
- $279.5k
- Investments
- $0.0
- Employees
- 3
- Location
- San Francisco, CA
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 26-2386590
Organization Overview
Seasteading Institute is located in San Francisco, CA. The organization was established in 2009. According to its NTEE Classification (V05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Social Science and related organizations. As of 12/2021, Seasteading Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seasteading Institute 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 12/2021, Seasteading Institute generated $279.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $286.9k during the year ending 12/2021. While expenses have increased by 0.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORKS TO ENABLE FLOATING CITIES WHICH WILL ALLOW THE NEXT GENERATION OF PIONEERS TO TEST NEW IDEAS FOR GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE SEASTEADING INSTITUTE GREW OUR ONLINE COMMUNITY BY HOSTING REGULAR ONLINE EVENTS AND STARTED A PROGRAM TO DEVELOP A NEW FLAG DESIGNATION FOR SEASTEADS.ALSO THE SEASTEADING INSTITUTE CREATED A FUND TO SUPPORT THE INCUBATOR OF OCEAN BUILDERS BY PROVIDING SCHOLARSHIPS TO INCUBATOR PARTICIPANTS WHO WERE WILLING TO TRAVEL TO PANAMA TO WORK ON OPEN-SOURCE PROJECTS RELATED TO LAUNCHING A SEAPOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Quirk President | OfficerTrustee | 43 | $86,787 |
Jonathan Cain Treasurer | OfficerTrustee | 1 | $0 |
Jim O'neill Secretary | OfficerTrustee | 1 | $0 |
Patri Freeman Board Member | Trustee | 1 | $0 |
Titus Gebel Chairman | Trustee | 20 | $0 |
Michael Gibson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,869 |
| Noncash contributions included in lines 1a–1f | $201,407 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,869 |
| Total Program Service Revenue | $1,185 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,571 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,515 |
| 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. | $86,787 |
| Compensation of current officers, directors, key employees. | $868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,200 |
| Pension plan accruals and contributions | $9,644 |
| Other employee benefits | $7,628 |
| Payroll taxes | $13,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,823 |
| Office expenses | $7,626 |
| Information technology | $3,622 |
| Royalties | $0 |
| Occupancy | $6,709 |
| Travel | $15,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $811 |
| Insurance | $2,828 |
| All other expenses | $3,908 |
| Total functional expenses | $286,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,722 |
| Savings and temporary cash investments | $146,347 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $710,075 |
| Total assets | $951,532 |
| Accounts payable and accrued expenses | $12,177 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,153 |
| Total liabilities | $15,330 |
| Net assets without donor restrictions | $936,202 |
| Net assets with donor restrictions | $0 |
| 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 | $951,532 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seasteading Institute has recieved totaling $668.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Applied Research Solutions Inc Santa Rosa, CA | $5,913,032 | $10,281,600 |
Center For American Greatness Inc Phoenix, AZ | $686,344 | $1,467,027 |
Hawaii Institute For Public Affairs Kailua, HI | $107,114 | $600,382 |
Center For Islamophobia Studies Berkeley, CA | $336,939 | $437,053 |
Morning Star Foundation Woodland, CA | $4,728,464 | $2,774,142 |
American Governance Foundation Inc San Francisco, CA | $539,480 | $848,763 |
Leverage Research Oakland, CA | $132,407 | $343,339 |
Seasteading Institute San Francisco, CA | $951,532 | $279,515 |
American Institute For Behavioral Research And Technology Vista, CA | $979,466 | $132,723 |
Artis Corporation Peoria, AZ | $95,772 | $71,766 |
Institute For Families And Nannies San Francisco, CA | $15,518 | $45,557 |
Trilience Research Pasadena, CA | $98,152 | $4,184 |