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SEAL FUTURE FOUNDATION INC: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
SEAL FUTURE FOUNDATION INC (EIN 46-0565393)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-16
IRS object ID
201533209349201928
Schema version
2014v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-11-16T11:17:12-06:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY VIRCHOW KRAUSE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11650 MARKET STREET SUITE 4500AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19103ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460565393EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SEAL FUTURE FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSEALBusinessNameControlTxt
Phone9732147189PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 ASTOR PLACE NO 6BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10003ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRIAN MARTELLIPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone9732147189PhoneNum
Signature2015-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIUS GREEN CPA JDPreparerPersonNm
PTINP00350393PTIN
Phone2159720701PhoneNum
Preparation2015-11-13PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website AddressWWW.SEALFUTUREFUND.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$71,425GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$66,083ContributionsGiftsGrantsEtcAmt
Fundraising Gross Income$4,262FundraisingGrossIncomeAmt
Special Events Direct Expenses$9,110SpecialEventsDirectExpensesAmt
Special Events Net Income Loss-$4,848SpecialEventsNetIncomeLossAmt
Other Revenue Total$1,080OtherRevenueTotalAmt
Total Revenue$62,315TotalRevenueAmt
Salaries Other Comp Empl Bnft$23,000SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$1,650FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$6,078OccupancyRentUtltsAndMaintAmt
Other Expenses Total$41,440OtherExpensesTotalAmt
Total Expenses$72,168TotalExpensesAmt
Excess Or Deficit For Year-$9,853ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$89,324NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$79,471NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$68,857BOYAmt
EOY$65,082EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$20,467BOYAmt
EOY$14,389EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$89,324BOYAmt
EOY$79,471EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$89,324BOYAmt
EOY$79,471EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTHE SEAL FUTURE FUND'S (SFF) MISSION IS TO PROVIDE RESOURCES TO EQUIP ACTIVE DUTY AND VETERAN NAVY SEALS FOR SUCCESS IN THE CIVILIAN WORLD.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTHE MISSION OF SFF IS TO PROVIDE RESOURCES TO EQUIP ACTIVE DUTY, RETIRED, AND VETERAN NAVY SEALS FOR SUCCESS IN THE CIVILIAN WORLD.THE FOUNDERS OF SFF IDENTIFIED SEVERAL FINANCIAL, PROFESSIONAL, AND CULTURAL CHALLENGES THAT SEALS FACE WHEN TRANSITIONING TO CIVILIAN LIFE. THEY ALSO RECOGNIZED THAT THE SEAL COMMUNITY IS FILLED WITH EXCEPTIONALLY TALENTED INDIVIDUALS WHO HAVE BEEN TESTED AND PROVEN UNDER EXTREME CONDITIONS. WITH HELP, THESE INDIVIDUALS REPRESENT A TALENT POOL THAT IS TO DATE LARGELY UNDERUTILIZED BY CIVILIAN INSTITUTIONS.SFF WORKS TO ACHIEVE ITS MISSION BY IDENTIFYING THE KEY POINTS OF FRICTION IN THIS TRANSITION AND DEVELOPING PROGRAMS TO HELP GUIDE SEALS PAST THEM. SFF PROVIDES:EDUCATIONAL ASSISTANCEINDUSTRY EXPOSUREPROFESSIONAL NETWORKINGEDUCATIONAL ASSISTANCE:IN 2014, SFF RECEIVED PRELIMINARY APPROVAL FROM THE IRS TO CONDUCT A SCHOLARSHIP PROGRAM. IN THE SUMMER OF 2014, SFF LAUNCHED ITS INAUGURAL SCHOLARSHIP INITIATIVE, OFFERING UP TO TEN $5,000 SCHOLARSHIPS TO ACTIVE AND VETERAN SEALS WHO WERE ENROLLED IN QUALIFYING EDUCATIONAL INSTITUTIONS FOR THE 2014-2015 SCHOOL YEAR. THE SCHOLARSHIP APPLICATIONS WERE REVIEWED, BUT SCHOLARSHIPS WERE NOT PAID UNTIL CALENDAR YEAR 2015.INDUSTRY EXPOSURE & PROFESSIONAL NETWORKING:TWO OF THE KEY FRICTIONS IN A VETERAN'S TRANSITION ARE THEIR LACK OF CIVILIAN INDUSTRY EXPOSURE AND THEIR LACK OF A PROFESSIONAL NETWORK OUTSIDE OF THE NAVY. A SEAL WHO HAS SPENT TEN YEARS IN THE NAVY DOES NOT KNOW THE FULL RANGE OF CAREERS AVAILABLE TO HIM WHEN HE LEAVES THE SERVICE, AND HE HAS NOT BUILT UP A NETWORK OF CONTACTS.IN 2014, SFF CREATED A GLOBAL INDUSTRY COUNCIL, COMPOSED OF SUCCESSFUL BUSINESS LEADERS SPANNING MULTIPLE INDUSTRY SECTORS. THIS COUNCIL IS TASKED WITH SOURCING OPPORTUNITIES WITHIN THESE INDUSTRIES FOR SEALS TO EXPLORE.IN 2014, SFF ALSO TESTED A PILOT INTERNSHIP PROGRAM, WHERE SELECTED SEALS SPEND UP TO ONE WEEK IMMERSED IN DIFFERENT CORPORATIONS, MEETING THE LEADERSHIP TEAMS AND SHADOWING MEMBERS OF THE VARIOUS DEPARTMENTS.DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$19,534ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$19,534TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
BRIAN MARTELLI
CHAIRMAN40.00$8,000$0$0
JONATHAN WILSON
VICE PRESIDENT5.00$0$0$0
BRIAN VON SCHMID END 314
DIRECTOR0.00$0$0$0
YENIENEH YESUS
MANAGING DIRECTOR20.00$8,000$0$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRIAN MARTELLIBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 ASTOR PLACE SUITE 6BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10003ZIPCd
FieldValueIRS element (for citing)
Phone9732147189PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$15,348CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$82,676CurrentTaxYearMinus1YearAmt
Current Tax Year$66,083CurrentTaxYearAmt
Total$164,107TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$15,348CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$82,676CurrentTaxYearMinus1YearAmt
Current Tax Year$66,083CurrentTaxYearAmt
Total$164,107TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$79,388SubstantialContributorsTotAmt
Public Support Total170$84,719PublicSupportTotal170Amt
Total Support$164,107TotalSupportAmt
Gross Receipts Rltd Activities$1,080GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1CECIL FAMILY PRIVATE DINNEREvent1Nm
Gross Receipts Event1$24,622GrossReceiptsEvent1Amt
Charitable Contri Event1$20,360CharitableContriEvent1Amt
Gross Revenue Event1$4,262GrossRevenueEvent1Amt
Non Cash Prizes Event1$640NonCashPrizesEvent1Amt
Food And Beverage Event1$3,622FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$4,849OtherDirectExpensesEvent1Amt
Gross Receipts Total$24,622GrossReceiptsTotalAmt
Charitable Contributions Tot$20,360CharitableContributionsTotAmt
Gross Revenue Total Events$4,262GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$640NonCashPrizesTotalEventsAmt
Food And Beverage Total Events$3,622FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$4,849OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$9,111DirectExpenseSummaryEventsAmt
Net Income Summary-$4,849NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUEDESCRIPTION: MERCHANDISE REVENUE. AMOUNT: 1,080.
FORM 990-EZ, PART I, LINE 14DESCRIPTION: DEPRECIATION/AMORTIZATION. AMOUNT: 6,078.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: ADVERTISING. AMOUNT: 1,545. DESCRIPTION: MERCHANDISING EXPENSES. AMOUNT: 1,245. DESCRIPTION: BUSINESS DEVELOPMENT. AMOUNT: 1,326. DESCRIPTION: TRAVEL EXPENSES. AMOUNT: 11,732. DESCRIPTION: SAAS EXPENSES. AMOUNT: 2,950. DESCRIPTION: WEBSITE EXPENSES. AMOUNT: 17,144. DESCRIPTION: GRAPHIC DESIGN. AMOUNT: 3,783. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 240. DESCRIPTION: ADMINISTRATIVE FEES. AMOUNT: 1,475. TOTAL TO FORM 990-EZ, LINE 16: 41,440.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 20,467. END OF YEAR AMOUNT: 14,389.

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