S E A L Foundation Inc
- Assets
- $183.1k
- Revenue
- $534.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Lakeville, MA
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 82-1500130
Organization Overview
S E A L Foundation Inc is located in Lakeville, MA. The organization was established in 2017. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, S E A L Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. S E A L Foundation 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 12/2021, S E A L Foundation Inc generated $534.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 60.0% each year . All expenses for the organization totaled $442.8k during the year ending 12/2021. While expenses have increased by 67.7% per year over the past 5 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
TO CREATE AND FUND EDUCATIONAL AND SOCIAL OPPORTUNITIES IN NON-PUBLIC SCHOOL AND CAMP SETTINGS FOR STUDENTS WHO LEARN DIFFERENTLY IN ORDER TO ENSURE THEY MAXIMIZE THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PATHWAYS APPROACH PROGRAM IS A SPECIAL EDUCATION PROGRAM INSERTED INTO A NON-PUBLIC SCHOOL SETTING. FUNDING IS PROVIDED TO SUPPORT THE HIRING OF A SPECIAL EDUCATION DIRECTOR, SPECIAL EDUCATION TEACHERS AND/OR TEACHING ASSISTANTS. AS THE PATHWAYS APPROACH PROGRAM DEVELOPS, THE FOUNDATION PROVIDES THE NECESSARY ON-SITE SUPPORT TO THE SCHOOL'S ADMINISTRATION, FACULTY, STAFF AND COMMUNITY MEMBERS THROUGH ONGOING PROFESSIONAL DEVELOPMENT AND THE PURCHASE OF EDUCATIONAL MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Peroni President/treasurer | OfficerTrustee | 40 | $43,174 |
Brett Peroni Clerk | OfficerTrustee | 10 | $0 |
John Oliveri Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,533 |
| Total Program Service Revenue | $253,712 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,360 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $534,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,737 |
| 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. | $43,174 |
| Compensation of current officers, directors, key employees. | $4,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,678 |
| Advertising and promotion | $1,007 |
| Office expenses | $7,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,794 |
| Travel | $7,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,065 |
| Insurance | $2,046 |
| All other expenses | $0 |
| Total functional expenses | $442,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,181 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,000 |
| Accounts receivable, net | $45,879 |
| 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 | $80,601 |
| Net Land, buildings, and equipment | $5,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $183,091 |
| Accounts payable and accrued expenses | $50,867 |
| Grants payable | $0 |
| Deferred revenue | $42,009 |
| 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 | $21,256 |
| Other liabilities | $0 |
| Total liabilities | $114,132 |
| Net assets without donor restrictions | $38,959 |
| Net assets with donor restrictions | $30,000 |
| 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 | $183,091 |
Grants Awarded
Over the last fiscal year, S E A L Foundation Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP STANG HIGH SCHOOL PURPOSE: TO PROVIDE FUNDS FOR A SPECIAL EDUCATION TEACHER | $25,000 |
SAINT STANISLAUS SCHOOL PURPOSE: TO PROVIDE FUNDS FOR A SPECIAL EDUCATION TEACHER | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that S E A L Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Don Rodman Family Foundation Foxboro, MA PURPOSE: PROGRAMS FOR AT-RISK CHILDREN | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Worcester City Campus Corporation Shrewsbury, MA | $408,230,540 | $37,285,221 |
New Visions For Public Schools Inc New York, NY | $79,613,761 | $33,356,068 |
Naf New York, NY | $28,094,768 | $18,819,868 |
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |
Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
Vmc Indemnity Company Inc Burlington, VT | $100,648,707 | $14,545,433 |
Uka Facilities Foundation Inc New York, NY | $167,163,417 | $25,000 |
Hill For Literacy Inc Woburn, MA | $4,985,114 | $5,142,068 |