2013-11-08T14:20:26-06:00 2013-06-30 061009205 BLUM SHAPIRO & COMPANY PC 1 PINE HILL DRIVE SUITE 301 QUINCY MA 021697431 990 2012-07-01 042702102 SEA EDUCATION ASSOCIATION INC SEAE 5085403954 PO BOX 6 WOODS HOLE MA 02543 SCOTT BRANCO 5085403954 2013-11-05 1 KEVIN T WHITE P00097855 7819821001 2013-11-05 2012 2016-02-24 21:20:13Z MARGARET E BRANDON PO BOX 6 WOODS HOLE MA 02543 9429379 0 X WWW.SEA.EDU X 1971 MA SEA IS AN EDUCATIONAL INSTITUTION DEDICATED TO EXPLORATION, UNDERSTANDING, AND STEWARDSHIP OF THE OCEANS, AND THEIR RELATIONSHIP WITH HUMAN AFFAIRS. SEA OFFERS STUDENTS A RIGOROUS, INTERDISCIPLINARY CURRICULUM WITH CHALLENGING VOYAGES OF SCIENTIFIC DISCOVERY AND PERSONAL GROWTH ABOARD TALL SHIPS. 24 22 148 23 0 0 1366816 4519467 5435202 4582887 994008 149313 51740 83237 7847766 9334904 1474474 955280 0 0 3514110 3642161 0 0 433696 2813980 3126590 7802564 7724031 45202 1610873 13534018 15157849 4027509 3684675 9506509 11473174 X SEA IS AN EDUCATIONAL INSTITUTION DEDICATED TO EXPLORATION, UNDERSTANDING, AND STEWARDSHIP OF THE OCEANS, AND THEIR RELATIONSHIP WITH HUMAN AFFAIRS. SEA OFFERS STUDENTS A RIGOROUS, INTERDISCIPLINARY CURRICULUM WITH CHALLENGING VOYAGES OF SCIENTIFIC DISCOVERY AND PERSONAL GROWTH ABOARD TALL SHIPS. 0 0 5040832 926860 3642122 147 STUDENTS PARTICIPATED IN SEA SEMESTER PROGRAMS, WHICH ARE UNDERGRADUATE FIELD PROGRAMS IN MARINE AND ENVIRONMENTAL STUDIES DESIGNED TO EDUCATE STUDENTS ABOUT THE SCIENCE AND CULTURE OF THE SEA. THE STUDENTS BEGAN THEIR STUDIES ON OUR CAMPUS IN WOODS HOLE, MASSACHUSETTS AND COMPLETED THEIR PROGRAM AT SEA ON BOARD ONE OF TWO 134 FOOT SAIL TRAINING VESSELS OPERATING IN THE ATLANTIC, PACIFIC, OR CARIBBEAN. WHILE AT SEA, STUDENTS ACTED AS FULL MEMBERS OF THE SAILING CREW AND SCIENTIFIC TEAM, OPERATING ALL ASPECTS OF THE VESSEL WHILE COMPLETING SELF-DESIGNED OCEANOGRAPHIC RESEARCH PROJECTS. SEA SEMESTER STUDENTS ENROLLED FROM 113 DIFFERENT COLLEGES AND UNIVERSITIES. OVER 50% OF OUR STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE; OF THOSE, 95% RECEIVE AID DIRECTLY FROM SEA. 308208 28420 407770 103 STUDENTS PARTICIPATED IN SEA HIGH SCHOOL SUMMER SEMINARS, 3-WEEK PROGRAMS DESIGNED TO OFFER AN INTERDISCIPLINARY APPROACH TO THE MARINE ENVIRONMENT THROUGH OCEANOGRAPHY, MARITIME STUDIES, AND NAUTICAL SCIENCE. SEMINARS FOCUSED ON THE COASTAL AND OFFSHORE MARINE ENVIRONMENT AROUND CAPE COD, THE COASTAL ECOLOGY OF THE GULF OF MAINE, AND THE MARINE ENVIRONMENT OF THE SOUTHERN CALIFORNIA BIGHT. SEA HIGH SCHOOL SUMMER SEMINARS WERE ATTENDED BY STUDENTS FROM 100 DIFFERENT HIGH SCHOOLS. 455276 0 549430 SEVEN COLLABERATIVE PROGRAMS WERE HELD WITH SIX OTHER INSTITUTIONS IN WHICH STUDENTS FROM THOSE INSTITUTIONS PARTICIPATED IN 10 DAY PROGRAMS DESIGNED TO OFFER AN INTERDISCIPLINARY APPROACH TO THE MARINE ENVIRONMENT THROUGH OCEANOGRAPHY, MARITIME STUDIES, AND NAUTICAL SCIENCE. SUCH PROGRAMS WERE HELD IN THE ATLANTIC, PACIFIC, OR CARIBBEAN. 5804316 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 39 0 1 148 1 0 0 0 0 0 0 0 0 0 0 X 24 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X SCOTT BRANCO 5085403954 171 WOODS HOLE ROAD PO BOX 6 WOODS HOLE MA 02543 ASHLEY TOBIN 5.00 X 0 0 0 BARTLETT MCGUIRE 5.00 X 0 0 0 DR SCOTT DONEY 5.00 X 0 0 0 KEN POTTER 5.00 X 0 0 0 DR RICHARD W MURRAY 5.00 X 0 0 0 RICHARD WILSON 5.00 X 0 0 0 DR RONALD BAIRD 5.00 X 0 0 0 RICHARD H HAWKINS 5.00 X 0 0 0 PETER B ELLIS 5.00 X 0 0 0 LEVIN H CAMPBELL JR 5.00 X 0 0 0 WALTER R BROWN 5.00 X 0 0 0 DR JIAN LIN 5.00 X 0 0 0 CHRISTOPHER H PENN 5.00 X 0 0 0 LAUREN MORGENS 5.00 X 0 0 0 KATHLEEN HEALY 5.00 X 0 0 0 JOHN GERNGROSS 5.00 X 0 0 0 LAURIE POHL 5.00 X 0 0 0 MARGARET BRANDON 5.00 X 6750 0 0 LINDA COX MAGUIRE 5.00 X X 0 0 0 TIMOTHY MCGEE 45.00 X X 42500 0 116 RICHARD M BURNES JR 5.00 X X 0 0 0 DR SUSAN E HUMPHRIS 5.00 X X 0 0 0 RICHARD S CHANDLER 5.00 X X 0 0 0 JACOB F BROWN II 5.00 X X 0 0 0 SCOTT F BRANCO 45.00 X 105838 0 14367 155088 0 14483 1 0 0 0 0 232296 4287171 207006 4519467 TUITION AND FEES 611600 4582887 4582887 4582887 118705 118705 124202 93594 30608 30608 30608 8359 881 7478 7478 OTHER INCOME 611600 28566 28566 ROOF ANTENNAE INCOME 531190 19758 19758 TRAINING & OTHER FEES 611710 16435 16435 11000 11000 75759 9334904 4599322 0 216115 955280 955280 127849 9589 90559 27701 2920231 2099770 556878 263583 67575 45431 14289 7855 311736 198961 88264 24511 214770 148183 46229 20358 2195 2195 32000 32000 272305 37950 227646 6709 15256 15256 295801 176093 76266 43442 63725 45654 14267 3804 109453 96148 11588 1717 430848 311090 102630 17128 40497 3938 30698 5861 152115 111428 40687 603945 572620 27282 4043 201560 189646 11914 FOOD 231349 231349 SHIP SUPPLIES 158283 158283 FUEL 144874 144874 SHIPBOARD R&M 92252 92252 280132 175777 97371 6984 7724031 5804316 1486019 433696 128375 40692 150225 760339 10985 7850 17808 18453 6251 144348 159305 20076314 12120414 8265434 7955900 2614974 3682613 2087145 2418868 114724 107578 13534018 15157849 368589 393101 749752 715363 2194671 1821027 714497 755184 4027509 3684675 X 5024406 6733382 148389 290822 4333714 4448970 9506509 11473174 13534018 15157849 X 1610873 357616 -1824 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4684965 115256 507377 123791 96489 5087318 4752320 103930 32837 118300 85822 4684965 4345529 8610 610775 130700 81894 4752320 4242843 37383 291220 147300 78617 4345529 5251235 41145 -807848 69151 172538 4242843 0.08500 0.87450 0.04050 0 0 190484 190484 3058329 2389409 668920 3220435 2996873 223562 13607066 6734132 6872934 7955900 BOND FUNDS 404120 F EQUITY FUNDS 2014748 F 2418868 8738121 357616 -955280 -597664 9335785 -881 -881 9334904 6771456 1824 881 2705 6768751 955280 955280 7724031 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOLS ENDOWMENT FUNDS ARE PRIMARILY INTENDED TO SUPPORT SCHOLARSHIPS FOR STUDENTS AND ACADEMIC PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -955,280. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -881. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 881. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 955,280. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 OUR STUDENTS COME FROM ALL PARTS OF THE UNITED STATES, AND THEREFORE, WE ARE NOT ABLE TO REACH ALL PARTS OF THE GENERAL COMMUNITY WHICH WE SERVE BY PUBLICIZING OUR RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPERS OR BROADCAST MEDIA. INSTEAD, IN ADDITION TO PUBLICIZING OUR RACIALLY NONDISCRIMINATORY POLICY IN ALL OF OUR BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS, WE ALSO PUBLICIZE OUR POLICY ON OUR WEBSITE IN ORDER TO REACH ALL PARTS OF THE GENERAL COMMUNITY WHICH WE SERVE. GIVEN THESE FACTS AND CIRCUMSTANCES, THE ASSOCIATION HAS SATISFIED THE PUBLICITY REQUIREMENT OF REV. PROC. 75-50, 1975-2 C.B. 587, SECTION 4.03, AS IT HAS DEMONSTRATED THAT ITS PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS IN ALL GEOGRAPHIC AREAS ARE REASONABLY DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS IN ALL OF THE GENERAL COMMUNITIES WHICH WE SERVE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 DURING THE CURRENT YEAR, THE ORGANIZATION RECEIVED FINANCIAL ASSISTANCE FROM THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION (NOAA). THE ORGANIZATION RECEIVED GRANT FUNDS TO SUPPORT STUDENTS PARTICIPATING IN THE WOODS HOLE PARTNERSHIP EDUCATION PROGRAM ($89,345). IN ADDITION, THE ORGANIZATION RECEIVED GRANT FUNDS FROM THE NOAA TO SUPPORT DIVERSITY EFFORTS IN THE WOODS HOLE SCIENTIFIC COMMUNITY ($3,800). DURING THE CURRENT YEAR, THE ORGANIZATION ALSO RECEIVED FINANCIAL ASSISTANCE FROM THE NATIONAL SCIENCE FOUNDATION (NSF). THE ORGANIZATION RECEIVED GRANT FUNDS TO SUPPORT STUDENTS PARTICIPATING IN THE SEA SEMESTER MARINE BIODIVERSITY AND CONSERVATION ($48,244). IN ADDITION, THE ORGANIZATION RECEIVED GRANT FUNDS FROM NSF TO SUPPORT PLASTICS RESEARCH ($90,907). 1 FINANCIAL AID FOR STUDENTS ATTENDING COLLEGE PROGRAMS 93 926860 FINANCIAL AID FOR STUDENTS ATTENDING HIGH SCHOOL PROGRAMS 14 28420 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: A MAJORITY OF FINANCIAL AID IS PROVIDED TO STUDENTS BASED ON FINANCIAL NEED, WHILE THERE ARE SMALL AMOUNTS AWARDED BASED ON MERIT. STUDENTS SUBMIT APPLICATIONS FOR ASSISTANCE TO THE ASSOCIATE DEAN OF STUDENTS AND FINANCIAL SERVICES. THE APPLICATIONS INCLUDE DOCUMENTATION AND PROOF OF NEED OR ACHIEVEMENT. THE ASSOCIATE DEAN OF STUDENTS AND FINANCIAL SERVICES REVIEWS THE APPLICATIONS AND SELECTS THE STUDENTS TO RECEIVE THE ASSISTANCE. THE SELECTIONS ARE COMMUNICATED TO THE BUSINESS OFFICE AND STUDENT BILLING IS ADJUSTED ACCORDINGLY. THE DIRECTOR OF FINANCE AND ADMINISTRATION REVIEWS THE STUDENT BILLING RECORDS TO DETERMINE FINANCIAL AID HAS BEEN APPLIED APPROPRIATELY. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 2003-10-15 2309000 PAYOFF OLD LOANS AND CONSTRUCT/RENNOVATE REAL PROPERTY AND VESSELS 0 0 0 A 487973 2309000 46180 555820 1707000 2003 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 0 0 0 0 A 0 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK DATE THE REBATE COMPUTATION WAS PERFORMED: 10/14/2008 DR EDMUND B CABOT FORMER TRUSTEE/VICE CHAIR CASH FLOW X 262500 374148 0 1 1 MR RICHARD M BURNES TRUSTEE/VICE CHAIR CASH FLOW X 262500 381036 0 1 1 755184 X 12 132206 FMV AT DONATION X 1/4 METER2 MOCNESS SYSTEM 1 74800 FMV AT DONATION 0 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE AMOUNTS IN PART I, COLUMN B REPRESENT THE NUMBER OF INDIVIDUAL STOCKS AND OTHER ITEMS RECEIVED. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS MEMBERS DEFINED AS "OVERSEERS". THESE MEMBERS ELECT OFFICERS, TRUSTEES AND OVERSEERS TO THE ASSOCIATION'S GOVERNING BODY. OVERSEERS ARE MADE UP OF DONORS AND INDIVIDUALS WITH EXPERTISE IN THE FIELDS OF TEACHING, FUNDRAISING, FINANCES AND SAILING. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE RIGHT TO ELECT OFFICERS, TRUSTEES AND OVERSEERS TO THE ASSOCIATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 AND ALL REQUIRED SCHEDULES WERE DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. THE TREASURER AND DIRECTOR OF FINANCE AND ADMINISTRATION REVIEWED THE SECTION ON GOVERNANCE WITH THE BOARD DURING A BOARD MEETING, ALONG WITH OTHER SPECIFIC SECTIONS AND SCHEDULES OF THE FORM 990. THE BOARD WAS THEN GIVEN THE OPPORTUNITY TO REVIEW THE ENTIRE FORM 990 AND RELATED SCHEDULES FOR REASONABLENESS, AND TO FORWARD COMMENTS AND QUESTIONS TO THE TREASURER AND THE DIRECTOR OF FINANCE AND ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND ALL OFFICERS OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE DISCLOSURES AND DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. ANY PERSONS IDENTIFIED AS HAVING A CONFLICT RELATIVE TO A TRANSACTION OR DECISION ON WHICH THE BOARD OF TRUSTEES IS DELIBERATING ARE EXCLUDED FROM SUCH DELIBERATIONS OR DECISION MAKING. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION OF THE PRESIDENT. THE EXECUTIVE COMMITTEE UTILIZES COMPARABILITY DATA THAT DEMONSTRATED THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THIS DATA MAY INCLUDE EXPERT COMPENSATION STUDIES BY INDEPENDENT FIRMS, WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS, DOCUMENTED TELEPHONE CALLS ABOUT SIMILAR POSITIONS AT BOTH NONPROFIT AND FOR-PROFIT ORGANIZATIONS, AND INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS. THE EXECUTIVE COMMITTEE DOCUMENTS ALL SUCH DELIBERATIONS AND DECISIONS MADE. THESE PROCEDURES WERE LAST UNDERTAKEN DURING THE YEAR ENDED JUNE 30, 2013. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE ON THE ORGANIZATION'S WEBSITE, WWW.SEA.EDU. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAINTAINS COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AT ITS CORPORATE OFFICE AT 171 WOODS HOLE ROAD, FALMOUTH MASSACHUSETTS. THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE, WWW.SEA.EDU. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT -1,824.