Alexandria Seaport Foundation
- Assets
- $1.6m
- Revenue
- $934.3k
- Investments
- $0.0
- Employees
- 30
- Location
- Alexandria, VA
- Founding
- 12/1982
- Data as of
- 09/2023
- EIN
- 54-1208614
Organization Overview
Alexandria Seaport Foundation is located in Alexandria, VA. The organization was established in 1982. As of 09/2023, Alexandria Seaport Foundation employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alexandria Seaport 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 09/2023, Alexandria Seaport Foundation generated $934.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $834.5k during the year ending 09/2023. While expenses have increased by 6.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THE WOODWORKING AND BOAT BUILDING, THE ALEXANDRIA SEAPORT FOUNDATION BUILDS WORKFORCE SKILLS, SELF-WORTH, AND COMMUNITY FOR DISCONNECTED YOUTHS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRENTICE PROGRAM - PROVIDE YOUNG MEN AND WOMEN, AGES 18-23, WITH SKILLS NECESSARY TO BECOME INDEPENDENT, PRODUCTIVE ADULTS. THIS IS A FULL-TIME PAID PROGRAM LASTING APPROXIMATELY 8-10 MONTHS.
COMMISSION PROJECTS - COMMISSION PROJECTS ARE A TRAINING GROUND FOR APPRENTICES. THE PROJECTS INCLUDE NEW BOAT CONTSTRUCTION, BOAT REPAIR AND OTHER CARPENTRY PROJECTS
COMMUNITY OUTREACH - ACTIVITIES DESIGNED TO CONNECT WITH THE COMMUNITY, HONOR ALEXANDRIA'S MARITIME HERITAGE AND ACTIVATE THE LOCAL WATERFRONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Morris Chair | OfficerTrustee | 2 | $0 |
Richard Bell Director | Trustee | 1 | $0 |
Janet Blair-Fleetwood Treasurer | OfficerTrustee | 1 | $0 |
Tracy Nickelsburg Secretary | OfficerTrustee | 1 | $0 |
Harold Mangold Director | Trustee | 1 | $0 |
Kathy Seifert Former Executive Director | Officer | 40 | $129,486 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $844,651 |
| Noncash contributions included in lines 1a–1f | $42,462 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $874,986 |
| Total Program Service Revenue | $4,885 |
| Investment income | $22,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,983 |
| Net Income from Fundraising Events | $25,487 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $934,255 |
| 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. | $145,776 |
| Compensation of current officers, directors, key employees. | $60,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,990 |
| Pension plan accruals and contributions | $4,866 |
| Other employee benefits | $15,092 |
| Payroll taxes | $40,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,629 |
| Fees for services: Accounting | $12,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,164 |
| Fees for services: Other | $55,470 |
| Advertising and promotion | $1,575 |
| Office expenses | $4,033 |
| Information technology | $5,175 |
| Royalties | $0 |
| Occupancy | $1,873 |
| Travel | $4,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,711 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,884 |
| Insurance | $40,271 |
| All other expenses | $25,731 |
| Total functional expenses | $834,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,341 |
| Savings and temporary cash investments | $369,156 |
| Pledges and grants receivable | $202,000 |
| Accounts receivable, net | $4,369 |
| 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 | $7,306 |
| Net Land, buildings, and equipment | $289,671 |
| Investments—publicly traded securities | $468,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,411 |
| Total assets | $1,589,593 |
| Accounts payable and accrued expenses | $36,707 |
| 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 | $20,700 |
| Total liabilities | $57,407 |
| Net assets without donor restrictions | $209,564 |
| Net assets with donor restrictions | $1,322,622 |
| 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 | $1,589,593 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alexandria Seaport Foundation Alexandria, VA | $1,589,593 | $934,255 |
Friends Of Elizabeth Ii Inc Manteo, NC | $7,521,288 | $638,968 |
Holland Village Inc Lumberton, NC | $22,670 | $20,110 |
Dorchester Skipjack Committe Inc Cambridge, MD | $429,382 | $0 |
Hampton Roads Naval Historical Foundation Norfolk, VA | $143,296 | $0 |