SEA EDUCATION ASSOCIATION INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SEA EDUCATION ASSOCIATION INC (EIN 04-2702102)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2011-11-14
- IRS object ID
- 201143189349304454
- Schema version
- 2010v3.4
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-14T13:04:09-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLUM SHAPIRO & COMPANY PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 HINGHAM STREET | AddressLine1 |
| City | ROCKLAND | City |
| State | MA | State |
| ZIP Code | 02370 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042702102 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEA EDUCATION ASSOCIATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SEAE | NameControl |
| Phone | 5085403954 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6 | AddressLine1 |
| City | WOODS HOLE | City |
| State | MA | State |
| ZIP Code | 02543 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SCOTT BRANCO | Name |
| Title | DIRECTOR OF FINANCE AND ADMIN | Title |
| Phone | 5085403954 | Phone |
| Date Signed | 2011-11-08 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEVIN T WHITE | Name |
| Phone | 7819821001 | Phone |
| Date Prepared | 2011-11-08 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN BULLARD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6 | AddressLine1 |
| City | WOODS HOLE | City |
| State | MA | State |
| ZIP Code | 02543 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 6845872 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SEA.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1971 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 138 | TotalNbrEmployees |
| Total Nbr Volunteers | 23 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1392235 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1306329 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 3669320 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5241091 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 446869 | InvestmentIncomePriorYear |
| Investment Income Current Year | 174367 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 29954 | OtherRevenuePriorYear |
| Other Revenue Current Year | 78857 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5538378 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6800644 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 616312 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 923363 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2814408 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3209144 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 347203 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2315519 | OtherExpensePriorYear |
| Other Expenses Current Year | 2803939 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5746239 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6936446 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -207861 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -135802 | RevenuesLessExpensesCY |
| Total Assets BOY | 14445195 | TotalAssetsBOY |
| Total Assets EOY | 14552777 | TotalAssetsEOY |
| Total Liabilities BOY | 4315540 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4123441 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10129655 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10429336 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5013859 | Expense |
| Grants | 891833 | Grants |
| Revenue | 4953566 | Revenue |
| Description | 175 STUDENTS PARTICIPATED IN "SEA SEMESTER", AN ACADEMIC, SCIENTIFIC, AND HANDS-ON PROGRAM DESIGNED TO EDUCATE COLLEGE STUDENTS ABOUT THE SCIENCE AND CULTURE OF THE SEA. THE STUDENTS COMPLETED THEIR STUDIES ON OUR CAMPUS IN WOODS HOLE, MASSACHUSETTS AND AT SEA ONBOARD ONE OF TWO 134 FOOT SAIL TRAINING VESSELS OPERATING IN THE ATLANTIC AND PACIFIC OCEANS. ONBOARD THE VESSELS, STUDENTS UTILIZED SCIENTIFIC EQUIPMENT TO COMPLETE SELF DESIGNED RESEARCH PROJECTS. AN ADDITIONAL 19 STUDENTS COMPLETED SIMILAR SEMESTER LONG PROGRAMS CONDUCTED IN COLLABORATION WITH ONE OTHER EDUCATIONAL INSTITUTION. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 406793 | Expense |
| Grants | 31530 | Grants |
| Revenue | 287525 | Revenue |
| Description | SEA OFFERED THREE HIGH SCHOOL SUMMER SEMINARS FOCUSING ON THE COASTAL AND OFFSHORE MARINE ENVIRONMENT AROUND CAPE COD, AND A PROGRAM IN THE SOUTHERN CALIFORNIA BIGHT. 71 STUDENTS STUDIED THE MARINE ENVIRONMENT FROM A VARIETY OF PERSPECTIVES - SCIENTIFIC, HISTORICAL, LITERARY, AND NAUTICAL. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 5420652 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 38 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 138 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCOTT BRANCO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5085403954 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 WOODS HOLE ROAD PO BOX 6 | AddressLine1 |
| City | WOODS HOLE | City |
| State | MA | State |
| ZIP Code | 02543 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| ASHLEY TOBIN | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| BARTLETT MCGUIRE | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR SCOTT DONEY | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR LAURIE ANN POHL | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DON H MCLUCAS JR | ||||||
| TRUSTEE THRU JUNE, 2011 | 5.00 | X | 0 | 0 | 0 | |
| KEN POTTER | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR AUDREY MEYER | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR RICHARD W MURRAY | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| RICHARD WILSON | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| JOHN E GERNGROSS JR | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR RONALD BAIRD | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| PHILIP R MCKNIGHT | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| RICHARD H HAWKINS | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| PETER B ELLIS | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MARGARET E BRANDON | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR W JEFFREY BOLSTER | ||||||
| TRUSTEE THRU JUNE, 2011 | 5.00 | X | 0 | 0 | 0 | |
| LEVIN H CAMPBELL JR | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MEGHANN HORNER-SMITH | ||||||
| TRUSTEE THRU JUNE, 2011 | 5.00 | X | 0 | 0 | 0 | |
| WALTER R BROWN | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DR JIAN LIN | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| CHRISTOPHER H PENN | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| LAUREN MORGENS | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| KATHLEEN HEALY | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| JAY STERNE | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| JOHN K BULLARD | ||||||
| TRUSTEE/PRESIDENT | 45.00 | X | 77697 | 0 | 1741 | X |
| LINDA COX MAGUIRE | ||||||
| TRUSTEE/CHAIR | 5.00 | X | 0 | 0 | 0 | X |
| DR EDMUND B CABOT | ||||||
| TRUSTEE/VICE CHAIR | 5.00 | X | 0 | 0 | 0 | X |
| DR SUSAN E HUMPHRIS | ||||||
| TRUSTEE/VICE CHAIR | 5.00 | X | 0 | 0 | 0 | X |
| RICHARD M BURNES JR | ||||||
| TRUSTEE/VICE CHAIR | 5.00 | X | 0 | 0 | 0 | X |
| RICHARD S CHANDLER | ||||||
| TRUSTEE/CLERK | 5.00 | X | 0 | 0 | 0 | X |
| JACOB F BROWN II | ||||||
| TRUSTEE/TREASURER | 5.00 | X | 0 | 0 | 0 | X |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 77697 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1741 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 92014 | GovernmentGrants |
| All Other Contributions | 1214315 | AllOtherContributions |
| Noncash Contributions | 84773 | NoncashContributions |
| Total Contributions | 1306329 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 5234942 | 5234942 |
| HOUSING INCOME | 611600 | 6149 | 6149 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5241091 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 82395 | TotalRevenueColumn |
| Exclusion | $82,395 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 131098 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 39126 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 91972 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 91972 | TotalRevenueColumn |
| Exclusion | $91,972 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 8136 | GrossSalesOfInventory |
| Cost Of Goods Sold | 6102 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2034 | TotalRevenueColumn |
| Exclusion | $2,034 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| OTHER INCOME | 611600 | 48133 | $48,133 |
| ROOF ANTENNAE INCOME | 531190 | 19044 | $19,044 |
| ALUMNI EVENTS | 611600 | 9646 | $9,646 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 76823 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6800644 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5241091 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $253,224 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 923363 | Total |
| Program Services | 923363 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96078 | Total |
| Program Services | 7205 | ProgramServices |
| Management And General | 68055 | ManagementAndGeneral |
| Fundraising | 20818 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2660733 | Total |
| Program Services | 1934711 | ProgramServices |
| Management And General | 531048 | ManagementAndGeneral |
| Fundraising | 194974 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43719 | Total |
| Program Services | 30937 | ProgramServices |
| Management And General | 8797 | ManagementAndGeneral |
| Fundraising | 3985 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 211177 | Total |
| Program Services | 124738 | ProgramServices |
| Management And General | 64305 | ManagementAndGeneral |
| Fundraising | 22134 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 197437 | Total |
| Program Services | 141507 | ProgramServices |
| Management And General | 41101 | ManagementAndGeneral |
| Fundraising | 14829 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7356 | Total |
| Management And General | 7356 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26000 | Total |
| Management And General | 26000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57375 | Total |
| Program Services | 43145 | ProgramServices |
| Management And General | 9030 | ManagementAndGeneral |
| Fundraising | 5200 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19593 | Total |
| Management And General | 19593 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 272808 | Total |
| Program Services | 136004 | ProgramServices |
| Management And General | 95237 | ManagementAndGeneral |
| Fundraising | 41567 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99443 | Total |
| Program Services | 71243 | ProgramServices |
| Management And General | 22263 | ManagementAndGeneral |
| Fundraising | 5937 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110312 | Total |
| Program Services | 96452 | ProgramServices |
| Management And General | 12071 | ManagementAndGeneral |
| Fundraising | 1789 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 314631 | Total |
| Program Services | 205914 | ProgramServices |
| Management And General | 97164 | ManagementAndGeneral |
| Fundraising | 11553 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47252 | Total |
| Program Services | 1081 | ProgramServices |
| Management And General | 32370 | ManagementAndGeneral |
| Fundraising | 13801 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 178134 | Total |
| Program Services | 135509 | ProgramServices |
| Management And General | 42625 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 620556 | Total |
| Program Services | 591911 | ProgramServices |
| Management And General | 24948 | ManagementAndGeneral |
| Fundraising | 3697 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179130 | Total |
| Program Services | 165772 | ProgramServices |
| Management And General | 13358 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| FOOD | 231408 | 231408 |
| SHIPBOARD R&M | 174675 | 174675 |
| FUEL | 146346 | 146346 |
| SHIP SUPPLIES | 132039 | 132039 |
| ACADEMIC FEES | 47832 | 47832 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139049 | Total |
| Program Services | 78860 | ProgramServices |
| Management And General | 53270 | ManagementAndGeneral |
| Fundraising | 6919 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6936446 | Total |
| Program Services | 5420652 | ProgramServices |
| Management And General | 1168591 | ManagementAndGeneral |
| Fundraising | 347203 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 499070 | BOY |
| EOY | 158501 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94245 | BOY |
| EOY | 454083 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1974 | BOY |
| EOY | 154500 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27192 | BOY |
| EOY | 19843 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18613 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 238470 | BOY |
| EOY | 141053 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 19643058 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10911429 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9070284 | BOY |
| EOY | 8731629 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2935405 | BOY |
| EOY | 2665351 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1430926 | BOY |
| EOY | 2105947 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129016 | BOY |
| EOY | 121870 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14445195 | BOY |
| EOY | 14552777 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 440376 | BOY |
| EOY | 458329 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 870455 | BOY |
| EOY | 786757 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2454709 | BOY |
| EOY | 2328355 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 550000 | BOY |
| EOY | 550000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4315540 | BOY |
| EOY | 4123441 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5734806 | BOY |
| EOY | 5758503 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 173675 | BOY |
| EOY | 341049 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4221174 | BOY |
| EOY | 4329784 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10129655 | BOY |
| EOY | 10429336 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14445195 | BOY |
| EOY | 14552777 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -135802 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 435483 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4345529 | BeginningOfYearBalance |
| Contributions | 8610 | Contributions |
| Investment Earnings Or Losses | 610775 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 130700 | GrantsOrScholarships |
| Other Expenditures | 81894 | OtherExpenditures |
| End Of Year Balance | 4752320 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4242843 | BeginningOfYearBalance |
| Contributions | 37383 | Contributions |
| Investment Earnings Or Losses | 291220 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 147300 | GrantsOrScholarships |
| Other Expenditures | 78617 | OtherExpenditures |
| End Of Year Balance | 4345529 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5251235 | BeginningOfYearBalance |
| Contributions | 41145 | Contributions |
| Investment Earnings Or Losses | -807848 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 69151 | GrantsOrScholarships |
| Other Expenditures | 172538 | OtherExpenditures |
| End Of Year Balance | 4242843 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.07400 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.89000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.03600 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 190484 | OtherCostOrOtherBasis |
| Book Value | 190484 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3046894 | OtherCostOrOtherBasis |
| Depreciation | 2168501 | Depreciation |
| Book Value | 878393 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3045297 | OtherCostOrOtherBasis |
| Depreciation | 2742272 | Depreciation |
| Book Value | 303025 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13360383 | OtherCostOrOtherBasis |
| Depreciation | 6000656 | Depreciation |
| Book Value | 7359727 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 8731629 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| BOND FUND | 394480 | F |
| EQUITY FUND | 1711467 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 2105947 | TotalOfBookValueSecurities |
| Total Revenue | 6800644 | TotalRevenue |
| Total Expenses | 6936446 | TotalExpenses |
| Excess Or Deficit For Year | -135802 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 465718 | NetUnrealizedGLOnInvestments |
| Investment Expenses | -30235 | InvestmentExpenses |
| Total Adjustments | 435483 | TotalAdjustments |
| Excess Or Deficit Per FS | 299681 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 6318866 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 465718 | NetUnrealizedGainsInvestments |
| Other Revenues | -923363 | OtherRevenues |
| Revenue Not Rptd F990 | -457645 | RevenueNotRptdF990 |
| Revenue Subtotal | 6776511 | RevenueSubtotal |
| Investment Expenses Not Included | 30235 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -6102 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 24133 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 6800644 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6019185 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 6102 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 6102 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6013083 | ExpensesSubtotal |
| Other Expenses Not Included | 923363 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 923363 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 6936446 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 XII, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID -923,363. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | COST OF GOODS SOLD -6,102. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 6,102. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 923,363. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 OCEANANIC AND ATMOSPHERIC ADMINISTRATION (NOAA). THE ORGANIZATION RECEIVED GRANT FUNDS TO SUPPORT STUDENTS PARTICIPATING IN THE DIVERSITY PARTNERSHIP IN EDUCATION PROGRAM. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| FINANCIAL AID FOR STUDENTS ATTENDING COLLEGE PROGRAMS | 100 | 891833 |
| FINANCIAL AID FOR STUDENTS ATTENDING HIGH SCHOOL PROGRAMS | 24 | 31530 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | |||||
| 2003-09-01 | 1091000 | PAYOFF OLD LOANS AND CONSTRUCT/RENOVATE REAL PROPERTY AND VESSELS | 0 | 0 | 0 |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK | |||||
| 2003-10-15 | 2309000 | PAYOFF OLD LOANS AND CONSTRUCT/RENOVATE REAL PROPERTY AND VESSELS | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|
| 725027 | 1091000 | 27275 | 31806 | 1031919 | 2003 | 0 | 0 | 1 | 1 |
| 346618 | 2309000 | 46180 | 555820 | 1707000 | 2003 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|
| NA | ||||||
| 0 | 1 | 0 | 0 | NA | 0 | 0 |
| NA | ||||||
| 0 | 1 | 0 | 0 | NA | 0 | 0 |
Schedule L IRS990ScheduleL
Loan Table LoanTable (3 entries)
| Purpose Of LoanPurposeOfLoan | Loan To OrganizationLoanToOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| DR EDMUND B CABOT | ||||||
| CASH FLOW | X | $262,500 | 262500 | 0 | 1 | 1 |
| MR RICHARD M BURNES | ||||||
| CASH FLOW | X | $262,500 | 262500 | 0 | 1 | 1 |
| MR JOHN K BULLARD | ||||||
| CASH FLOW | X | $25,000 | 25000 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 550000 | TotalBalanceDue |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 22 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 84773 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV AT DONATION | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | GIFTS OF MARKETABLE SECURITIES ARE RECEIVED BY A THIRD PARTY BROKER. THE BROKER HAS STANDING ORDERS TO SELL THE SECURITIES ON THE SCHOOL'S BEHALF AND FORWARD THE NET PROCEEDS TO THE SCHOOL. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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. | |
| 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 12C | |
| 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. | FORM 990, PART VI, SECTION B, LINE 15A | |
| THE FORM 990 IS AVAILABLE ON THE ORGANIZATION'S WEBSITE, WWW.SEA.EDU. | FORM 990, PART VI, SECTION C, LINE 18 | |
| 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. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 465,718. INVESTMENT EXPENSES: -30,235. TOTAL TO FORM 990, PART XI, LINE 5: 435,483. | FORM 990, PART XI, LINE 5: |
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