Star Of The Sea Foundation Inc
- Assets
- $5.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Key West, FL
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 30-0496670
Organization Overview
Star Of The Sea Foundation Inc is located in Key West, FL. The organization was established in 2009. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Star Of The Sea Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Star Of The Sea Foundation 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 12/2022, Star Of The Sea Foundation Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES GOODS AND SERVICES TO THE INDIGENT AND UNDERPRIVILIDGED RESIDENTS OF KEY WEST. THE SERVICES ARE PROVIDED WITH RESPECT AND COMPASSION WITH NO COSTS TO THE INDIVIDUALS SERVED.
Describe the Organization's Program Activity:
STAR OF THE SEA FOUNDATION (SOS) DISTRIBUTES FOOD, CLOTHING AND HOUSEHOLD ITEMS AND SERVICES TO THE INDIGENT AND UNDERPRIVILEGED RESIDENTS OF THE FLORIDA KEYS. OUR EMPHASIS IS ON FOOD. OUR SERVICES INCLUDE PROVIDING ACCESS AND INFORMATION ABOUT APPLYING FOR FOOD STAMPS, TEMPORARY CASH ASSISTANCE, MEDICAID AND OTHER SERVICES AS NEEDED AND APPROPRIATE.IN 2022, 160 VOLUNTEERS GAVE ALMOST 4,000 HOURS TO HELP US ACHIEVE OUR MISSION. ALMOST 2 MILLION POUNDS OF FOOD WAS DONATED TO OR PURCHASED BY SOS AND REDISTRIBUTED TO RESIDENTS OF MONROE COUNTY WHO WERE IN NEED. DURING 2022, OVER 11,000 RESIDENTS WERE SERVED BY OUR FOOD PANTRIES IN KEY WEST AND KEY LARGO. PRODUCE MAKES UP 50% OF THE FOOD DISTRIBUTED. IN ADDITION OUR COMMUNITY KITCHEN PREPARED MEALS FOR KIDS, ADULTS AN SENIORS. BY PAIRING HEALTH-FOCUSED INITIATIVES, LIKE COOKING EDUCATION OPPORTUNITIES WITH THE AVAILABILITY OF HEALTHY FOODS, OUR FOOD PANTRIES IMPROVE FOOD SECURITY FOR THOUSANDS OF MONROE COUNTY RESIDENTS.WITH OVER HALF OF MONROE COUNTY, FLORIDA RESIDENTS STRUGGLING WITH THE COST OF LIVING AND LACK OF AFFORDABLE HOUSING, SOS FOUNDATION STEPS IN TO ENSURE THAT ALL FAMILIES OR INDIVIDUALS HAVE THE FOOD SUPPORT THEY NEED SO THEY CAN CONCENTRATE ON OTHER ASPECTS OF LIFE THAT WILL HELP THEM REACH THEIR GOAL OF LIFTING OUT OF POVERTY. WE PROVIDE HEALTHY FOOD ACCESS ALONG WITH NUTRITION EDUCATION THAT BENEFITS THE HEALTH OF OUR ENTIRE COMMUNITY. 40% OF THE FOOD IN THE UNITED STATES NEVER REACHES THE DINNER TABLE AND ENTERS THE WASTE STREAM TO DECOMPOSE. UTILIZING FOOD THAT WOULD OTHERWISE BE WASTED IS THE MOST EFFICIENT WAY TO ADDRESS THE EPIDEMIC OF HUNGER FACING OUR COMMUNITY. SINCE 2006, THE STAR OF THE SEA FOUNDATION HAS BEEN RECOVERING PERFECTLY EDIBLE FOOD FROM SOUTH FLORIDA FARMERS AS WELL AS LOCAL BUSINESSES AND GROCERIES, AND REDIRECTING IT TO OUR NEIGHBORS' DINNER TABLES. ANY FOOD THAT CAN'T BE RECOVERED FOR HUMAN CONSUMPTION IS GIVEN TO THE MONROE COUNTY SHERIFF'S OFFICE ANIMAL FARM FOR ANIMAL FEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doria Goodrich President | OfficerTrustee | 2 | $0 |
Patricia Nossov Treasurer | OfficerTrustee | 10 | $0 |
Erica Hughes-Sterling Secretary | OfficerTrustee | 2 | $0 |
John C Baker Director | Trustee | 35 | $0 |
Nathan Eden Director | Trustee | 2 | $0 |
Thomas M Callahan Director/ceo | Officer | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $215,312 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,895,869 |
| Noncash contributions included in lines 1a–1f | $2,152,602 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,111,181 |
| Total Program Service Revenue | $38,816 |
| Investment income | $2,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,626 |
| Net Gain/Loss on Asset Sales | $58,434 |
| Net Income from Fundraising Events | $19,706 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,270,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,381,379 |
| 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 | $648,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,164 |
| Advertising and promotion | $2,317 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,174 |
| Insurance | $27,126 |
| All other expenses | $15,379 |
| Total functional expenses | $3,508,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,108,205 |
| Savings and temporary cash investments | $546,684 |
| 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 | $8,542 |
| Net Land, buildings, and equipment | $3,999,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,874 |
| Total assets | $5,941,120 |
| Accounts payable and accrued expenses | $30,020 |
| 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 | $1,910,933 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,960 |
| Total liabilities | $1,990,913 |
| Net assets without donor restrictions | $3,950,207 |
| 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 | $5,941,120 |