Seal Legacy Foundation
- Assets
- $170.1k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/2011
- Data as of
- 12/2021
- EIN
- 45-3117712
Organization Overview
Seal Legacy Foundation is located in Austin, TX. The organization was established in 2011. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seal Legacy Foundation 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, Seal Legacy Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 12.0% 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.
Since 2014, Seal Legacy Foundation has awarded 20 individual grants totaling $3,285,394. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO FAMILIES OF WOUNDED AND FALLEN UNITED STATES NAVY SEALS, EDUCATIONAL ASSISTANCE FOR SEALS AND THEIR FAMILIES, AND OTHER CHARITABLE CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL ASSISTANCE AND SUPPORT GRANTS TO FAMILIES OF WOUNDED AND FALLEN U.S. NAVY SEALS. ASSISTANCE AND SUPPORT IS PROVIDED FOR EDUCATION, FUNERAL, HEALTH AND WELLNESS, LIVING AND QUALITY OF LIFE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Brownell Vice-Chairman | OfficerTrustee | 3 | $0 |
Shawn Johnson Chairman | OfficerTrustee | 3 | $0 |
Ken Moore Treasurer | OfficerTrustee | 3 | $0 |
Rick Joslin Director | Trustee | 3 | $0 |
Jon Dalton Director | Trustee | 3 | $0 |
Frank Butler Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seal Leadership Llc Management Services | 12/30/21 | $175,000 |
Coaching Charities Mgmt & Fndrsng Svcs | 12/30/21 | $330,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,249,571 |
| Related organizations | $0 |
| Government grants | $71,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $633,589 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,954,360 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$668,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,286,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $280,000 |
| Grants and other assistance to domestic individuals. | $259,954 |
| 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 | $113,773 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $151,697 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $532,438 |
| Advertising and promotion | $2,575 |
| Office expenses | $21,023 |
| Information technology | $6,087 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,984 |
| 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 | $0 |
| Insurance | $4,667 |
| All other expenses | $1,632 |
| Total functional expenses | $2,205,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,082 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $170,082 |
| Accounts payable and accrued expenses | $4,398 |
| 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 | $0 |
| Total liabilities | $4,398 |
| Net assets without donor restrictions | $0 |
| 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 | $165,684 |
| Total liabilities and net assets/fund balances | $170,082 |
Grants Awarded
Over the last fiscal year, Seal Legacy Foundation has awarded $280,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Virginia Beach, VA PURPOSE: Charitable | $180,000 |
Somerville, MA PURPOSE: Charitable | $50,000 |
SEAL KIDS PURPOSE: Charitable | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Seal Legacy Foundation has recieved totaling $656,145.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $405,500 |
Gatewood Family Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $50,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $32,500 |
Greater Houston Community Foundation Houston, TX PURPOSE: PUBLIC BENEFIT | $30,000 |
Foles Believe Foundation Inc Austin, TX PURPOSE: Program Service | $25,000 |
Endowment Analysis
| Beg. Balance | $140,000 |
| Ending Balance | $140,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kaleo Foundation Oklahoma City, OK | $289,356 | $10,074,414 |
Seal Legacy Foundation Austin, TX | $170,082 | $2,286,086 |
Ann L Rhodes And Carol Greene Rhodes Charitable Tr Dallas, TX | $35,343,894 | $5,681,948 |
Boot Campaign Inc Dallas, TX | $2,111,579 | $2,406,130 |
Nusenda Foundation Albuquerque, NM | $2,974,689 | $839,894 |
Aid The Silent Boerne, TX | $604,363 | $626,209 |
Reach Out Honduras Inc McKinney, TX | $460,182 | $516,327 |
N-Star Events Inc Austin, TX | $48,682 | $512,909 |
Shootout For Soldiers Inc Houston, TX | $202,368 | $354,670 |
Kohaw Foundation Edmond, OK | $2,898,511 | $101,686 |
Kendall County Wild Game Dinner Boerne, TX | $102,358 | $245,393 |
Aha Art House Dallas Dallas, TX | $1,838,098 | $239,110 |