Seaside Sustainability Inc
- Assets
- $381.9k
- Revenue
- $126.7k
- Investments
- $23.5k
- Employees
- 1
- Location
- Gloucester, MA
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-4993870
Organization Overview
Seaside Sustainability Inc is located in Gloucester, MA. The organization was established in 2016. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seaside Sustainability 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 12/2022, Seaside Sustainability Inc generated $126.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $148.0k during the year ending 12/2022. While expenses have increased by 11.4% per year over the past 5 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
TO PRESERVE AND PROTECT THE WORLD'S OCEANS, SEAS, WETLANDS, AND ESTUARIES BY MOTIVATING CITIZENS TO EVALUATE THE CRITICAL ISSUES FACING THE WATER ENVIRONMENT, EDUCATING THE PUBLIC ON BEST PRACTICES FOR SUSTAINABILITY, AND PROVIDING GUIDANCE FOR TAKING EFFECTIVE ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEASIDE EDUCATION ADVENTURE (SEA) INCORPORATES MARINE ECOLOGY THEMES INTO HANDS-ON INVESTIGATIONS DESIGNED TO EXPOSE LOCAL YOUTH TO THE SHORT AND LONG TERM EFFECTS OF A VARIETY OF OCEAN THREATS. THESE BOAT-BASED INQUIRIES TAKE PARTICIPANTS OUT ONTO THE WATER TO EXPLORE TOPICS IN OCEANOGRAPHY, MARINE STEWARDSHIP AND ECOSYSTEM BALANCE.
THE SCIENCE DIVISION AIMS TO ILLUMINATE AND ADDRESS MARINE ENVIRONMENTAL ISSUES THROUGH YOUTH-DRIVEN RESEARCH AND ACTION. OUR LOCAL INTERNS, ACTION TEAM MEMBERS, AND BOARD MEMBERS ACTIVELY CLEAN OUR OCEANS AND SHORELINES AND PERFORM A MULTITUDE OF OTHER RESEARCH TASKS, SUCH AS INVASIVE GREEN CRAB MITIGATION, AND MUDFLAT ACIDIFICATION TESTING.
OUR LEGISLATURE DIVISION WORKS WITH LOCAL CITIES AND GOVERNMENT OFFICIALS TO ENACT LEGISLATION TO REDUCE THE USE OF SINGLE-USE PLASTIC ITEMS, WHICH NEGATIVELY IMPACTS OUR ENVIRONMENT, HEALTH AND OCEANS. WE ACT AS A LIAISON BETWEEN COMMUNITIES, CITIES, AND TOWNS TO PRESERVE THE NATURAL BEAUTY OF OUR HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Magers Executive Director | Trustee | 40 | $66,846 |
Ron Magers Director | Trustee | 1 | $0 |
Rick Ciolino Director | Trustee | 1 | $0 |
Lawrence Pihl Treasurer & Clerk | OfficerTrustee | 2 | $0 |
Alan Mccoy Chairman | OfficerTrustee | 15 | $0 |
John Russo Director | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,576 |
| Total Program Service Revenue | $0 |
| Investment income | $103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,714 |
| 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. | $66,846 |
| Compensation of current officers, directors, key employees. | $26,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,858 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,157 |
| Office expenses | $11,381 |
| Information technology | $3,847 |
| Royalties | $0 |
| Occupancy | $12,029 |
| Travel | $226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $864 |
| Interest | $150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181 |
| Insurance | $3,723 |
| All other expenses | $0 |
| Total functional expenses | $148,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,337 |
| 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 | $90 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,481 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $381,908 |
| Accounts payable and accrued expenses | $114 |
| 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 | $35,100 |
| Other liabilities | $0 |
| Total liabilities | $35,214 |
| 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 | $346,694 |
| Total liabilities and net assets/fund balances | $381,908 |