Waterfront Education
- Assets
- $52.8k
- Revenue
- $275.0k
- Investments
- $0.0
- Employees
- 20
- Location
- Torrance, CA
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 46-1543808
Organization Overview
Waterfront Education is located in Torrance, CA. The organization was established in 2013. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2022, Waterfront Education employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterfront Education 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, Waterfront Education generated $275.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $259.7k during the year ending 12/2022. While expenses have increased by 32.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL EXPERIENCES FOCUSED ON THE MARINE ENVIRONMENT AND CONSERVATION. OUR PROGRAMS AND EVENTS UTILIZE OUR LOCAL OCEAN WATERS AS A NATURAL LEARNING PLATFORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL EXPERIENCES FOCUSED ON THE MARINE ENVIRONMENT AND CONSERVATION. OUR PROGRAMS AND EVENTS UTILIZE OUR LOCAL OCEAN WATERS AS A NATURAL LEARNING PLATFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chentai Reid Program Director | Trustee | 40 | $34,431 |
Christian Sharifjoo Operations Director | OfficerTrustee | 40 | $27,578 |
Lea Delorenzis Finance Director | OfficerTrustee | 25 | $18,513 |
Julie Coll President | Officer | 40 | $13,513 |
Robert Nichols It Director | Trustee | 0.5 | $0 |
Mark Machuzek Marketing Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,509 |
| Total Program Service Revenue | $263,352 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $123 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,888 |
| Compensation of current officers, directors, key employees. | $31,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,401 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,834 |
| Office expenses | $3,113 |
| Information technology | $828 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47 |
| 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 | $4,774 |
| All other expenses | $16,946 |
| Total functional expenses | $259,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,091 |
| Savings and temporary cash investments | $14,259 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,492 |
| 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 | $52,842 |
| Accounts payable and accrued expenses | $4,760 |
| 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 | $1,006 |
| Other liabilities | $0 |
| Total liabilities | $5,766 |
| Net assets without donor restrictions | $47,076 |
| 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 | $52,842 |