Seal Future Foundation Inc
- Assets
- $2.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-0565393
Organization Overview
Seal Future Foundation Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Seal Future Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seal Future 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 12/2021, Seal Future Foundation Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 37.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NAVY SEALS A FOUNDATION THAT SUPPORTS THEIR WELL-BEING, EDUCATION, AND CAREER TO CONTINUE A LIFE OF SERVICE WITHIN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE REPORTING YEAR, THE ORGANIZATION PROVIDED ITS FOUR PILLARS OF PROGRAMS AND SERVICES (CAREER, EDUCATION, HEALTH, AND COMMUNITY) TO 1,213 NEW SEALS FOR TOTAL OF 2,593 SEALS SERVED SINCE INCEPTION. THE ORGANIZATION EXPERIENCED IN 100% TRANSITION SUCCESS RATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Wilson Chairman And CEO | OfficerTrustee | 40 | $91,017 |
Paul Polakowski III President And Treasurer | Officer | 40 | $48,000 |
Damian Creamer Board Member | Trustee | 1 | $0 |
Bradford Peters Board Member | Trustee | 1 | $0 |
Denise Bottigieri PHD Director | Trustee | 1 | $0 |
Steve Moreno Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,151,595 |
| Related organizations | $0 |
| Government grants | $66,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,082,855 |
| Noncash contributions included in lines 1a–1f | $16,196 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,301,082 |
| Total Program Service Revenue | $0 |
| Investment income | $54 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $383 |
| Net Income from Fundraising Events | $1,325,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,956 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,651,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $55,305 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,017 |
| Compensation of current officers, directors, key employees. | $18,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,520 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $52,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,075 |
| Fees for services: Accounting | $38,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,248 |
| Advertising and promotion | $15,309 |
| Office expenses | $53,907 |
| Information technology | $13,794 |
| Royalties | $0 |
| Occupancy | $9,330 |
| Travel | $8,613 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,321 |
| Insurance | $11,421 |
| All other expenses | $0 |
| Total functional expenses | $1,933,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,545 |
| Savings and temporary cash investments | $1,940,245 |
| 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 | $57,474 |
| Prepaid expenses and deferred charges | $3,118 |
| Net Land, buildings, and equipment | $4,227 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $550 |
| Total assets | $2,289,159 |
| Accounts payable and accrued expenses | $19,170 |
| 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 | $19,170 |
| Net assets without donor restrictions | $2,269,989 |
| 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 | $2,289,159 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Seal Future Foundation Inc has recieved totaling $732,152.
| Awarding Organization | Amount |
|---|---|
Kings Grant Foundation Tampa, FL PURPOSE: EDUCATIONAL & LEADERSHIP CHARITY | $150,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $130,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $72,500 |
Smidt Fam Foundation Newbury Park, CA PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE. | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $35,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |