Inland Seas Education Association
- Assets
- $4.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Suttons Bay, MI
- Founding
- 08/1989
- Data as of
- 12/2021
- EIN
- 38-2866234
Organization Overview
Inland Seas Education Association is located in Suttons Bay, MI. The organization was established in 1989. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2021, Inland Seas Education Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inland Seas Education Association 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, Inland Seas Education Association generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 8.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE A LIFETIME OF GREAT LAKES CURIOSITY, STEWARDSHIP, AND PASSION IN PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
ENVIRONMENTAL STEWARDSHIP EDUCATION: TO PROVIDE SHIPBOARD AND ONSHORE GREAT LAKES EDUCATION PROGRAMS TO STUDENTS, FAMILIES, AND ADULTS. SINCE ITS FOUNDING IN 1989, OVER 150,000 PEOPLE HAVE SAILED UPON ISEA'S TALL SHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Sitkins Executive Director | Officer | 40 | $101,730 |
Sally Somsel Secretary | OfficerTrustee | 2 | $0 |
Mary Krantz Retired 2021 Treasurer | OfficerTrustee | 2 | $0 |
William Chaney Vice President | OfficerTrustee | 2 | $0 |
John Seefeld President | OfficerTrustee | 4 | $0 |
Pat Curtin Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,662 |
| Related organizations | $0 |
| Government grants | $208,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,383,578 |
| Noncash contributions included in lines 1a–1f | $617 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,596,173 |
| Total Program Service Revenue | $182,520 |
| Investment income | $99 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,284 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,737 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,151 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,789,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,432 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,299 |
| Compensation of current officers, directors, key employees. | $35,191 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354,650 |
| Pension plan accruals and contributions | $6,064 |
| Other employee benefits | $61,846 |
| Payroll taxes | $37,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,100 |
| Advertising and promotion | $5,879 |
| Office expenses | $15,653 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,599 |
| Travel | $9,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $175,993 |
| Interest | $412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,362 |
| Insurance | $22,099 |
| All other expenses | $2,293 |
| Total functional expenses | $1,114,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $834,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $93,000 |
| Accounts receivable, net | $13,980 |
| 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 | $10,773 |
| Net Land, buildings, and equipment | $3,258,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,210,803 |
| Accounts payable and accrued expenses | $62,928 |
| Grants payable | $0 |
| Deferred revenue | $11,100 |
| 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 | $0 |
| Total liabilities | $74,028 |
| Net assets without donor restrictions | $4,009,851 |
| Net assets with donor restrictions | $126,924 |
| 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 | $4,210,803 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Inland Seas Education Association has recieved totaling $10,100.
| Awarding Organization | Amount |
|---|---|
Barton J Ingraham & Gail G Ingraham Foundation Williamsburg, MI PURPOSE: BUILDING FUND | $10,000 |
William & Mary Swift Foundation Traverse City, MI PURPOSE: GENERAL PURPOSE GRANT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Energy Economics And Financial Analysis Inc Lakewood, OH | $13,305,538 | $13,260,731 |
Cincinnati Nature Center Association Milford, OH | $46,378,150 | $9,446,687 |
Conservancy For Cuyahoga Valley National Park Peninsula, OH | $13,776,563 | $7,516,986 |
Kalamazoo Nature Center Inc Kalamazoo, MI | $33,728,033 | $3,370,674 |
Joy Outdoor Education Center Foundation Inc Clarksville, OH | $10,764,640 | $3,173,386 |
Chippewa Nature Center Inc Midland, MI | $40,016,871 | $3,706,610 |
Michigan Energy Options Fka Urban Options East Lansing, MI | $1,227,478 | $2,384,619 |
Ecology Center Inc Ann Arbor, MI | $2,635,770 | $1,909,276 |
Howell Nature Center Llc Howell, MI | $2,842,329 | $3,291,821 |
Riveredge Nature Center Inc Newburg, WI | $10,456,592 | $2,741,879 |
Clean Fuels Ohio Columbus, OH | $1,270,989 | $2,189,876 |
Kohler Trust For Preservation Kohler, WI | $13,328,615 | $3,437,093 |