Alexandria Seaport Foundation
- Assets
- $876.9k
- Revenue
- $609.2k
- Investments
- $0.0
- Employees
- 25
- Location
- Alexandria, VA
- Founding
- 12/1982
- Data as of
- 09/2021
- EIN
- 54-1208614
Organization Overview
Alexandria Seaport Foundation is located in Alexandria, VA. The organization was established in 1982. As of 09/2021, Alexandria Seaport Foundation employed 25 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 09/2021, Alexandria Seaport Foundation generated $609.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $683.7k during the year ending 09/2021. While expenses have increased by 4.0% per year over the past 6 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
THROUGH THE BUILDING AND USE OF WOODEN BOATS, ASF HELPS YOUNG PEOPLE TURN THEIR LIVES AROUND AND PROVIDE FAMILIES, COMMUNITY GROUPS AND SCHOOLS WITH MEANINGFUL EDUCATIONAL AND SOCIAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRENTICE PROGRAM - PROVIDE YOUNG MEN AND WOMEN, AGES 17-23, 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 |
|---|---|---|---|
Kathy Seifert Executive Director | Officer | 40 | $112,671 |
Helen Morris Chair | OfficerTrustee | 2 | $0 |
Janet Blair-Fleetwood Treasurer | OfficerTrustee | 1 | $0 |
Tracy Nickelsburg Secretary | OfficerTrustee | 1 | $0 |
Christopher Harris Director | Trustee | 1 | $0 |
Harold Mangold Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,990 |
| Membership dues | $0 |
| Fundraising events | $36,900 |
| Related organizations | $0 |
| Government grants | $81,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $441,171 |
| Noncash contributions included in lines 1a–1f | $10,244 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $563,035 |
| Total Program Service Revenue | $7,805 |
| Investment income | $7,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,479 |
| Net Income from Fundraising Events | $8,129 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $609,185 |
| 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. | $112,671 |
| Compensation of current officers, directors, key employees. | $45,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,606 |
| Payroll taxes | $30,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,098 |
| Fees for services: Other | $65,811 |
| Advertising and promotion | $1,050 |
| Office expenses | $4,295 |
| Information technology | $7,251 |
| Royalties | $0 |
| Occupancy | $1,948 |
| Travel | $0 |
| 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 | $38,281 |
| Insurance | $33,911 |
| All other expenses | $22,049 |
| Total functional expenses | $683,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,819 |
| Savings and temporary cash investments | $72,047 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,194 |
| 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 | $12,317 |
| Net Land, buildings, and equipment | $340,539 |
| Investments—publicly traded securities | $405,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,450 |
| Total assets | $876,932 |
| Accounts payable and accrued expenses | $37,801 |
| 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 | $37,801 |
| Net assets without donor restrictions | $340,666 |
| Net assets with donor restrictions | $498,465 |
| 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 | $876,932 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Alexandria Seaport Foundation has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
The Joseph E & Marjorie B Jones Foundation Annapolis, MD PURPOSE: BOATBUILDING APPRENTICE PROGRAM | $60,000 |
William And Karin Banks Foundation Inc Monterey, VA PURPOSE: FOUNDATION DONATIONS | $15,000 |
Graham Family Foundation Inc Middleburg, VA PURPOSE: GENERAL PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Elizabeth Ii Inc Manteo, NC | $8,842,100 | $2,209,902 |
Alexandria Seaport Foundation Alexandria, VA | $876,932 | $609,185 |
Holland Village Inc Lumberton, NC | $15,570 | $41,582 |
Dorchester Skipjack Committe Inc Cambridge, MD | $387,844 | $0 |
Hampton Roads Naval Historical Foundation Norfolk, VA | $143,296 | $0 |