The Seamens Foundation
- Assets
- $823.1k
- Revenue
- $28.8k
- Investments
- $805.3k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/1974
- Data as of
- 12/2022
- EIN
- 63-6018610
Organization Overview
The Seamens Foundation is located in Birmingham, AL. The organization was established in 1974. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seamens 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 12/2022, Seamens Foundation generated $28.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $37.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Seamens Foundation has awarded 26 individual grants totaling $165,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B Lee Board Member | 2 | $0 | |
J Edgar Brister Secretary/ Treas Board Member | 2 | $0 | |
D R Jordan V Pres And Board Member | 2 | $0 | |
Andrew A Saunders Pres And Board Member | 2 | $0 | |
Patrick J Wilson Board Member | 2 | $0 | |
T Lee Robinson Jr Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,258 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,559 |
| Capital Gain Net Income | $9,559 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,817 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,503 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,433 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $707 |
| Total operating and administrative expenses | $11,643 |
| Contributions, gifts, grants paid | $26,250 |
| Total expenses and disbursements | $37,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,734 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $805,331 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $823,065 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Seamens Foundation has awarded $26,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE CATHOLIC MARITIME CLUB PURPOSE: GENERAL OPERATING | $7,500 |
BUCKAROO FOUNDATION INC PURPOSE: GENERAL OPERATING | $5,000 |
PROPELLER CLUB OF THE UNITED STATES PORT PURPOSE: GENERAL OPERATING | $3,750 |
NATIONAL MARITIME MUSEUM GULF OF MEXICO PURPOSE: GENERAL OPERATING | $10,000 |