Sea Turtle Inc
- Assets
- $16.8m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 27
- Location
- South Padre Island, TX
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 74-2042030
Organization Overview
Sea Turtle Inc is located in South Padre Island, TX. The organization was established in 2000. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Sea Turtle Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sea Turtle 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, Sea Turtle Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 15.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEA TURTLE INC PROVIDES EDUCATIONCONSERVATIONAND REHABILITATION RELATED TO ENDANGERED MARINE TURTLE SPECIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION PROGRAM'S OBJECTIVES FOCUS ON EDUCATING AND PROVIDING INFORMATION TO THE PUBLIC ON CONSERVATION, MARINE SEA TURTLES, REHABILITATION, AND BEING GOOD OCEAN STEWARDS. THE OBJECTIVES ARE ACCOMPLISHED VIA ONSITE EDUCATION, FIELD TRIPS, AND VIRTUAL PROGRAMS AND FIELD TRIPS. THROUGH OUR EDUCATION CENTER ONSITE VISITORS LEARN ABOUT OUR MISSION AND PROGRAMS. VISITORS HAVE ACCESS TO OUR TURTLE RESIDENT CENTER AND REHABILITATION HOSPITAL. IN 2022, STUDENTS AND GENERAL PUBLIC VISITORS TO OUR FACILITY LEARNED ABOUT OUR MISSION VIA FIELD TRIPS, ONLINE, AND ONSITE EDUCATION PROGRAMS.
OUR REHABILITATION EFFORTS INCLUDED TURTLE RESCUES, REHABILITATION, RELEASING TURTLES BACK TO THE GULF OF MEXICO, AND EDUCATIONAL PROGRAMS FOR SCHOOL CHILDREN AND GENERAL PUBLIC VISITING OUR FACILITIES. OUR REHABILITATION CENTER PROVIDED CARE TO SICK AND INJURED TURTLES, AND SEA TURTLES THAT LIVE IN OUR FACILITY PERMANENTLY. WE RETRIEVED DOA TURTLES AND SUCCESSFULLY RELEASED TURTLES INTO THE OCEAN. THE REHABILITATION PROGRAM INCLUDES PROVIDING SEA TURTLES WITH MEDICAL TREATMENT, MEDICATION, SCANS, SURGERIES, AND ANY OTHER TREATMENT OR REHABILITATION NEEDED TO TREAT THE INJURED OR SICK TURTLES.
CONSERVATION EFFORTS INCLUDE BEACH PATROLS. NEST PROTECTION, EXCAVATION, CORRAL CREATING AND OVERSIGHT. EACH YEAR FROM MARCH TO SEPTEMBER, WE PATROL BY FOOT AND ATV MORE THAN 50 MILES OF BEACH TO WATCH AND RESPOND TO NESTING FEMALE SEA TURTLES. IN 2022, WE LOGGED THOUSANDS OF PATROLLING HOURS AND COVERED MILES. OUR PATROLLING EFFORTS RESULTED IN LOCATING TURTLE NESTS, EXCAVATION, AND PROTECTION OF THOUSANDS OF EGGS AND THE RELEASE OF HATCHING SEA TURTLES. THESE CONSERVATION EFFORTS ARE ACCOMPLISHED THROUGH THE EFFORTS OF PERMANENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy K Grant Chief Executive Office | Officer | 40 | $80,000 |
Jc Whitfield Board Member Voting | Trustee | $0 | |
Heather H Graham Board Member Voting | Trustee | $0 | |
Nikkie S Hodgson PHD Board Member Voting | Trustee | $0 | |
Shane Wilson Chairman Emeritus Voti | Trustee | $0 | |
Jeff George Board Member Voting | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,949 |
| Fundraising events | $44,208 |
| Related organizations | $0 |
| Government grants | $91,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,129,943 |
| Noncash contributions included in lines 1a–1f | $38,635 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,312,675 |
| Total Program Service Revenue | $1,303,779 |
| Investment income | $4,831 |
| 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 | $729,681 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,457,150 |
| 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. | $79,904 |
| Compensation of current officers, directors, key employees. | $79,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $602,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,461 |
| Payroll taxes | $52,206 |
| Fees for services: Management | $3,720 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,637 |
| Advertising and promotion | $20,347 |
| Office expenses | $8,260 |
| Information technology | $18,727 |
| Royalties | $0 |
| Occupancy | $23,805 |
| Travel | $1,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $415,515 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,226 |
| Insurance | $64,291 |
| All other expenses | $68,437 |
| Total functional expenses | $2,167,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,241,794 |
| Savings and temporary cash investments | $514,837 |
| 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 | $230,951 |
| Prepaid expenses and deferred charges | $305,486 |
| Net Land, buildings, and equipment | $6,738,383 |
| Investments—publicly traded securities | $246,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $561,592 |
| Total assets | $16,839,088 |
| Accounts payable and accrued expenses | $30,474 |
| Grants payable | $0 |
| Deferred revenue | $34,279 |
| Tax-exempt bond liabilities | $4,359,677 |
| 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 | $30,177 |
| Total liabilities | $4,454,607 |
| Net assets without donor restrictions | $10,535,617 |
| Net assets with donor restrictions | $1,848,864 |
| 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 | $16,839,088 |