Seashare
- Assets
- $1.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Bainbridge Island, WA
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 91-1641242
Organization Overview
Seashare is located in Bainbridge Island, WA. The organization was established in 1995. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Seashare employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seashare 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, Seashare generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 3.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HUNGER RELIEF FACILITATOR PROVIDING SEAFOOD TO FOOD BANKS IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DONATED OVER 1,472,168 LBS OF SEAFOOD IN 2021 AND DIRECTLY COORDINATED THE PROCESSING AND DISTRIBUTION OF THIS PRODUCT TO VARIOUS HUNGER RELIEF ORGANIZATIONS IN 18 STATES. IT ALSO SUPPORTED APPROXIMATELY 226,351 LBS OF ADDITIONAL SEAFOOD DISTRIBUTIONS THOUGH ITS REGIONAL FOOD BANK PARTNERS. TOTAL EFFORTS PROVIDED OVER 1,698,519 LBS OF SEAFOOD PORTIONS TO FOOD BANK CLIENTS DOMESTICALLY IN 2021, OR APPROXIMATELY 6.8 MILLION SEAFOOD SERVINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Harmon Executive Direc | Officer | 40 | $181,336 |
William Orr President | OfficerTrustee | 2 | $0 |
Richard Mullins Treasurer | OfficerTrustee | 2 | $0 |
Greg Englin Vice President | OfficerTrustee | 2 | $0 |
Pat Shanahan Secretary | OfficerTrustee | 2 | $0 |
Glenn Reed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
High Liner Foods Seafood Processing | 12/30/21 | $105,270 |
Channel Fish Processing Seafood Processing | 12/30/21 | $504,093 |
Trident Seafoods Seafood Processing | 12/30/21 | $228,806 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $613 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,902,543 |
| Noncash contributions included in lines 1a–1f | $2,599,348 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,903,156 |
| Total Program Service Revenue | $0 |
| Investment income | $136 |
| 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 | $3,903,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,559,299 |
| 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. | $198,114 |
| Compensation of current officers, directors, key employees. | $19,811 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,718 |
| Pension plan accruals and contributions | $3,891 |
| Other employee benefits | $39,666 |
| Payroll taxes | $22,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,741 |
| Office expenses | $8,383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,800 |
| Travel | $11,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,632 |
| All other expenses | $0 |
| Total functional expenses | $3,874,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $527,367 |
| Accounts receivable, net | $26,928 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $155,540 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,261,413 |
| Accounts payable and accrued expenses | $2,993 |
| 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 | $2,993 |
| Net assets without donor restrictions | $731,053 |
| Net assets with donor restrictions | $527,367 |
| 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 | $1,261,413 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Seashare has recieved totaling $716,438.
| Awarding Organization | Amount |
|---|---|
Inland Empire Community Foundation Riverside, CA PURPOSE: Process and distribute seafood to food banks across the U.S. | $500,000 |
Coastal Villages Region Fund Anchorage, AK PURPOSE: COMMUNITY DEVELOPMENT | $41,666 |
Aven Foundation Medina, WA PURPOSE: IN SUPPORT OF HUNGER RELIEF. | $25,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $25,000 |
Liberty Mutual Foundation Inc Boston, MA PURPOSE: COVID-19 CRISIS RESPONSE: SEAFOOD FOR FOOD BANKS AND FEEDING CENTERS | $23,000 |
American Endowment Foundation Hudson, OH PURPOSE: FOOD, NUTRITION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aleutian-Pribilof Islands Anchorage, AK | $38,968,570 | $29,437,372 |
Friends Of Seattle Waterfront Seattle, WA | $32,295,569 | $18,451,565 |
Yakima County Development Association Yakima, WA | $2,653,869 | $12,280,886 |
Association Of Washington Cities Olympia, WA | $23,978,792 | $13,838,038 |
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Klamath-Lake Community Action Services Klamath Falls, OR | $1,233,106 | $7,011,875 |
The Contingent Portland, OR | $16,984,824 | $8,759,620 |
Southeast Effective Development Seattle, WA | $44,851,964 | $4,590,608 |
Evergreen Business Capital Seattle, WA | $8,313,121 | $5,500,753 |
Clean & Safe Inc Portland, OR | $4,418,996 | $6,074,621 |
Community Frameworks Spokane, WA | $20,309,475 | $6,692,007 |
Interim Community Development Association Seattle, WA | $18,632,697 | $4,931,753 |