S E A L Foundation Inc
- Assets
- $216.8k
- Revenue
- $642.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Lakeville, MA
- Founding
- 10/2017
- Data as of
- 12/2022
- 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 12/2022, S E A L Foundation Inc employed 11 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 12/2022, S E A L Foundation Inc generated $642.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.5% each year . All expenses for the organization totaled $576.9k during the year ending 12/2022. While expenses have increased by 60.8% 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
2022
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 | $64,231 |
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 | $136,653 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,520 |
| Total Program Service Revenue | $427,593 |
| 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 | $20,973 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $642,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,427 |
| 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. | $64,231 |
| Compensation of current officers, directors, key employees. | $12,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,218 |
| Advertising and promotion | $1,670 |
| Office expenses | $12,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,002 |
| Travel | $4,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,955 |
| Insurance | $2,192 |
| All other expenses | $0 |
| Total functional expenses | $576,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $97,531 |
| 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 | $69,780 |
| Net Land, buildings, and equipment | $3,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $216,846 |
| Accounts payable and accrued expenses | $80,900 |
| 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 | $1,800 |
| Other liabilities | $0 |
| Total liabilities | $82,700 |
| Net assets without donor restrictions | $124,146 |
| Net assets with donor restrictions | $10,000 |
| 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 | $216,846 |
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 |
|---|---|
SAINT STANISLAUS SCHOOL PURPOSE: TO PROVIDE FUNDS FOR A SPECIAL EDUCATION TEACHER | $10,000 |
BISHOP STANG HIGH SCHOOL PURPOSE: TO PROVIDE FUNDS FOR A SPECIAL EDUCATION TEACHER | $25,000 |