Sea Haven Inc
- Assets
- $2.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 1
- Location
- North Myrtle Beach, SC
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 57-0713478
Organization Overview
Sea Haven Inc is located in North Myrtle Beach, SC. The organization was established in 1982. According to its NTEE Classification (I44) the organization is classified as: Prison Alternatives, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sea Haven 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 12/2023, Sea Haven Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 4.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AN ALTERNATIVE TO YOUTH DETENTION AND TO PROVIDE SERVICES TO HOMELESS, RUNAWAY, AT RISK YOUTHS.
Describe the Organization's Program Activity:
THE CORPORATIONSS PURPOSE IS TO SERVE AS A NON SECURE RESIDENTIAL FACILITY SERVING AS AN ALTERNATIVE TO JAIL DETENTION AND TO PROVIDE RESIDENTIAL SERVICES FOR HOMELESS, RUNAWAY, AT RISK YOUTHS.
THE CORPORATION ALSO OPERATES A PROGRAM CALLED STREET OUTREACH CENTER PROJECT LIGHTHOUSE, A DROP IN CENTER FOR RUNWAY/HOMELESS STREET KIDS, WHICH PROVIDES COUNSELING, SAFE HOUSING, SHOWERS, LAUNDRY FACILITIES, EMERGENCY FOOD, SURVIVAL PACKETS, AND INFORMATIONAL/EDUCATIONAL MATERIAL.
THE CORPORATION WAS AWARDED A FEDERAL HUD COC GRANT TO PROVIDE HOUSING FOR RUNWAWAYS FROM THE AGES OF 18 TO 24.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Demattio President | OfficerTrustee | 2 | $0 |
Kristine Covelli Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Nicely Board Member | OfficerTrustee | 2 | $0 |
Marty Slapnik Board Member | Trustee | 2 | $0 |
Carla Williams Secretary | Trustee | 2 | $0 |
Edward Robinson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,775 |
| Related organizations | $0 |
| Government grants | $548,108 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,135 |
| Noncash contributions included in lines 1a–1f | $123,094 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $899,018 |
| Total Program Service Revenue | $783,771 |
| Investment income | $21,212 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,024,551 |
| 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. | $81,061 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $580,337 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,659 |
| Office expenses | $4,778 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $8,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,262 |
| Insurance | $50,930 |
| All other expenses | $401,404 |
| Total functional expenses | $1,464,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $994,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,962 |
| 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 | $11,126 |
| Net Land, buildings, and equipment | $1,689,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,997 |
| Total assets | $2,808,631 |
| Accounts payable and accrued expenses | $27,502 |
| 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 | $27,502 |
| Net assets without donor restrictions | $77,092 |
| Net assets with donor restrictions | $2,704,037 |
| 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 | $2,808,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
One Step Further Incorporated Greensboro, NC | $570,202 | $2,822,054 |
Generation Group Homes Of Greenville Inc Simpsonville, SC | $3,861,669 | $1,125,556 |
Youth Unlimited Inc High Point, NC | $3,529,108 | $1,683,144 |
Sea Haven Inc North Myrtle Beach, SC | $2,808,631 | $2,024,551 |
Emancipate Nc Inc Durham, NC | $1,703,132 | $1,112,752 |
Repay Inc Morganton, NC | $193,208 | $717,274 |
Pretrial Resources Center Inc Jacksonville, NC | $223,785 | $400,221 |
Youth Achieving Moral Maturity Inc Winston Salem, NC | $157 | $0 |
Spalding County Accountability Court Foundation Inc Griffin, GA | $9,094 | $0 |
Tyrrell Prison Work Farm Community Resource Council Kill Devil Hills, NC | $0 | $0 |