Sea Star Base Galveston
- Assets
- $45.4m
- Revenue
- -$2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 45-3560703
Organization Overview
Sea Star Base Galveston is located in Galveston, TX. The organization was established in 2012. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sea Star Base Galveston is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITIES:SSBG'S WORLD CLASS STATE OF THE ART FACILITY AND FLEET OF VESSELS ARE AVAILABLE FOR COMMUNITY USE. THE MARINA, SWIMMING POOL, VOLLEYBALL COURT, AND OUTDOOR CHAPEL.
SAILING:THE GALVESTON COMMUNITY YOUTH SAILING CENTER (GCYSC) IS A SAILING SANCTIONED COMMUNITY SAILING CENTER THAT OFFERS CLASSES, MEMBERSHIPS, AND PROGRAMS WITH A SPECIAL EMPHASIS ON TEACHING YOUTH AND DISABLED INDIVIDUALS THE ART OF SAILING.
FISHING:SSBG OFFERS INSTRUCTIONAL FISHING LESSONS, AS WELL AS FISHING CHARTERS AND FISHING FROM THE DOCKS PROVIDING OPPORTUNITIES FOR DISADVANTAGED INDIVIDUALS TO LEARN AND EXPERIENCE THE JOYS OF FISHING AND TO LEARN ABOUT THE ECOSYSTEM AROUND THE GULF SHORE, SPECIFICALLY WITHIN AND AROUND OFFATTS BAYOU.
CAMPS:SSBG OFFERS YEAR-ROUND YOUTH CAMPS AND CLASSES FOCUSED ON THE MARINE, MARITIME, AND AQUATICS-BASED ACTIVITIES (SUCH AS SWIMMING LESSONS AND MARINE CONSERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Worth Nelson III President/executiv Director | 40 | $200,194 | |
Joseph Wesley Doolin Treasurer | 5 | $0 | |
Jim Galbraith Vice President | 5 | $0 | |
Michael Leblanc Director | 40 | $85,150 | |
Bret Hansen Accounting Manager | 40 | $83,650 | |
Roger Bellingar Facilities Manager | 40 | $70,150 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joseph W Doolin | 12/30/22 | $137,500 |
Leblanc Strategic Resources Llc | 12/30/22 | $125,850 |
Cornelio Ico Ojom | 12/30/22 | $114,668 |
Mcleod Alexander Powel & Apffe | 12/30/22 | $87,850 |
Michael A Loe | 12/30/22 | $80,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $54,260 |
| Interest on Savings | $9,869 |
| Dividends & Interest | $5 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,800,665 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $249 |
| Other Income | $96,108 |
| Total Revenue | -$2,640,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $285,344 |
| Other employee salaries and wages | $666,844 |
| Pension plans, employee benefits | $206,489 |
| Interest | $349,500 |
| Taxes | $0 |
| Depreciation | $1,651,951 |
| Occupancy | $169,259 |
| Travel, conferences, and meetings | $40,644 |
| Printing and publications | $0 |
| Other expenses | $1,020,178 |
| Total operating and administrative expenses | $4,653,029 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,653,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,474,872 |
| Savings and temporary cash investments | $516 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $292,786 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $42,589,258 |
| Other assets | $0 |
| Total assets | $45,357,432 |
| Accounts payable and accrued expenses | $59,097 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $7,000,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $74,377 |
| Total liabilities | $7,133,474 |