Rising Seas Institute Inc
- Assets
- $264.0k
- Revenue
- $457.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 91-2164203
Organization Overview
Rising Seas Institute Inc is located in Boca Raton, FL. The organization was established in 2003. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rising Seas Institute 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, Rising Seas Institute Inc generated $457.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $292.3k during the year ending 12/2022. While expenses have increased by 32.5% per year over the past 4 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 PROVIDE INTELLECTUAL AND PRACTICAL LEADERSHIP FOR THE CHALLENGE OF ADAPTING TO RISING SEA LEVELS AND SERVE AS A RESOURCE AND GLOBAL REFERENCE CENTER FOR THE PUBLIC, DIVERSE PROFESSIONS, GOVERNMENT AGENCIES, ACADEMIA, AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL EXPEDITIONS - WE ORGANIZE FACT FINDING EXPEDITIONS TO GLACIERS AND ICE SHEETS WHICH ARE THE ULTIMATE SOURCE OF RISING SEA LEVEL SO THAT LEADERS UNDERSTAND THE MAGNITUDE, POTENTIAL ABRUPTNESS, AND UNSTOPPABLE ASPECTS OF RISING SEA LEVEL, PARTICULARLY GREENLAND AND ANTARCTICA. WE ALSO SERVE AS EXPERT LECTURERS ON OTHER SELECT TRIPS. THESE ARE HIGH LEVEL DISCUSSIONS WITH SCIENTISTS, MILITARY LEADERS, AND LEADERS FROM ACROSS SOCIETY WHO CAN HELP ASSESS AND PREPARE FOR CHANGE IN THE PUBLIC INTEREST.
PUERTO RICO PROGRAM - STARTING IN MID-2021, THE RISING SEAS INSTITUTE HAS PARTNERED WITH THE PUERTO RICO SCIENCE TECHNOLOGY AND RESEARCH TRUST, A 501C3 TO CREATE A PROGRAM, THE CARIBBEAN CENTER FOR RISING SEAS, EFFECTIVELY AS A JOINT VENTURE. THE GOAL IS TO HELP PUERTO RICO AND THE CARIBBEAN ADAPT AND THRIVE IN THE NEW ERA OF INCREASING FLOOD RISK FROM STORMS, TIDES, AND SEA LEVEL RISE. THE PROGRAM WILL ESTABLISH PUERTO RICO'S LEADERSHIP AS A CENTER OF EXCELLENCE AND INNOVATION, SERVING AS A MODEL FOR THE REGION ON HOW TO PREPARE FOR THE CHALLENGES AHEAD.
PUBLIC LECTURES AND MEDIA INTERVIEWS - THE FOUNDERS OF THE RISING SEAS INSTITUTE, JOHN ENGLANDER AND ROBERT W. CORELL, HAVE GIVEN MORE THAN A HUNDRED PRESENTATIONS AND INTERVIEWS OVER THE LAST DECADE EXPLAINING THE SCIENCE OF RISING SEA LEVEL AND THE NEED TO PLAN BETTER FOR ADAPTATION. THE NEW YORK TIMES PUBLISHED A MAJOR ARTICLE ABOUT CLIMATE CHANGE BY BRET STEPHENS ON OCTOBER 30TH, 2022, AND CREDITED THE WORK OF THE RISING SEAS INSTITUTE. OTHER MEDIA INTERVIEWS HAVE INCLUDED NPR, FOX BUSINESS CHANNEL, AND CHINA TV, AS EXAMPLES. ONE PARTICULAR LECTURE IN LONDON AT THE PRESTIGIOUS ROYAL INSTITUTION IN FEBRUARY 2019, "SEA LEVEL RISE CAN NO LONGER BE STOPPED; WHAT NEXT?" HAS BEEN WATCHED ON YOUTUBE BY WELL OVER THREE HUNDRED AND FIFTY THOUSAND PEOPLE GLOBALLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert W Corell Director | Trustee | 10 | $10,000 |
Timothy Schweikert Director | Trustee | 1 | $0 |
J Mark Grosvenor Director | Trustee | 1 | $0 |
Molly Bingham Director | Trustee | 1 | $0 |
John Englander Director | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,945 |
| Total Program Service Revenue | $141,920 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $457,865 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,908 |
| Advertising and promotion | $582 |
| Office expenses | $3,938 |
| Information technology | $4,650 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $170,876 |
| 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 | $14,699 |
| Insurance | $0 |
| All other expenses | $5,576 |
| Total functional expenses | $292,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,751 |
| Savings and temporary cash investments | $18,101 |
| Pledges and grants receivable | $31,710 |
| 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 | $0 |
| 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 | $2,457 |
| Total assets | $264,019 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $19,000 |
| 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 | $19,000 |
| Net assets without donor restrictions | $245,019 |
| Net assets with donor restrictions | $0 |
| 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 | $264,019 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rising Seas Institute Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
J Mark Grosvenor Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $50,000 |
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