Seamens Church Institute Of Newport R I
- Assets
- $4.0m
- Revenue
- $507.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Newport, RI
- Founding
- 06/1935
- Data as of
- 12/2021
- EIN
- 05-0263174
Organization Overview
Seamens Church Institute Of Newport R I is located in Newport, RI. The organization was established in 1935. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Seamens Church Institute Of Newport R I employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seamens Church Institute Of Newport R I 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, Seamens Church Institute Of Newport R I generated $507.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $395.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. 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
TO PROTECT, PRESERVE AND ENHANCE THE MARITIME CULTURE OF NEWPORT AND NARRAGANSETT BAY BY PROVIDING EDUCATION, HOSPITALITY AND A SAFE HAVEN FOR THOSE WHO WORK, LIVE AND PLAY ON OR BY THE SEA
Describe the Organization's Program Activity:
Part 3 - Line 4a
LODGING SERVICES: THE LODGING PROGRAM PROVIDES SAFE AND AFFORDABLE TEMPORARY HOUSING TO MEN AND WOMEN OF THE SEA AND THOSE IN THE COMMUNITY FACING DIFFICULT TIMES, EITHER AT NO COST OR AT A GREATLY REDUCED RATE. IF INDIVIDUALS OR FAMILIES FALL OUTSIDE THE MISSION PARAMETERS, WE WORK WITH PARTNER AGENCIES TO SECURE APPROPRIATE EMERGENCY HOUSING.
DISCOVERY DECK: THE DISCOVERY DECK IS AN INTERACTIVE, EDUCATIONAL EXHIBIT SHOWCASING THE MARITIME INDUSTRY OF NEWPORT AND NARRAGANSETT BAY. THE FEATURED CONTENT INCLUDES BOATBUILDING, COMMERCIAL FISHING, AQUACULTURE, COMMERCIAL SHIPPING, THE NAVY, SCIENTIFIC RESEARCH AND ENVIRONMENTAL CONCERNS AFFECTING THE BAY. HANDS-ON ACTIVITIES INCLUDE A BLOCK AND TACKLE STATION, MAKER SPACE, ENERGY GRINDER AND SAND TABLE. PROGRAM PARTNERS, CLEAN OCEAN AND IYRS, HAVE EDUCATIONAL EXHIBITS ON DISPLAY AS WELL.
BASIC NEEDS SERVICES: THIS PROGRAM FOCUSES ON BASIC HUMAN NEEDS AND ADDRESSES THE NEEDIEST IN OUR COMMUNITY AND THE WATERFRONT. THE INSTITUTE PROVIDES CLOTHING, OUTERWEAR, TOILETRIES, SHOWERS, LAUNDRY AND OTHER PERSONAL CARE. THE INSTITUTE'S FACILITY IS OPEN 365 DAYS A YEAR TO ALLOW ACCESS TO SERVICES, ESPECIALLY TO THOSE MOST VULNERABLE IN A SEASONAL COMMUNITY.
EDUCATION, ENRICHMENT AND OUTREACH SERVICES: THE INSTITUTE MAKES ALL OF THE FACILITIES (INCLUDING ACCESS TO FAX, TELEPHONE, INTERNET/ WIFI AND MAIL COLLECTION SERVICES) AVAILABLE TO LOCAL AND VISITING MARINERS, WATERFRONT WORKERS, MEMBERS AND VISITORS TO THE NEWPORT COMMUNITY. SEAMEN'S SERVES AS A HUB OF INFORMATION AND REFERRALS TO A BUSY WATERFRONT AND SERVES AS A SAFE HAVEN AND MORE. THE INSTITUTE PLAYS HOST TO A VARIETY OF MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Souder Executive Director | Officer | 50 | $101,518 |
Monika Miller Treasurer | OfficerTrustee | 2 | $0 |
Jeff Shaw President | OfficerTrustee | 2 | $0 |
Deborah Penn Secretary | OfficerTrustee | 2 | $0 |
Tom Gibson Director | Trustee | 2 | $0 |
George Crowninshield Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,209 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,832 |
| Noncash contributions included in lines 1a–1f | $7,548 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,041 |
| Total Program Service Revenue | $71,179 |
| Investment income | $83,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,322 |
| Net Gain/Loss on Asset Sales | $130,880 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $507,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation of current officers, directors, key employees. | $34,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,262 |
| Advertising and promotion | $1,220 |
| Office expenses | $17,332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,853 |
| Travel | $0 |
| 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 | $69,405 |
| Insurance | $8,888 |
| All other expenses | $0 |
| Total functional expenses | $395,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $902 |
| 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 | $367 |
| Prepaid expenses and deferred charges | $5,869 |
| Net Land, buildings, and equipment | $1,841,431 |
| Investments—publicly traded securities | $1,739,843 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,411 |
| Total assets | $4,040,346 |
| Accounts payable and accrued expenses | $9,100 |
| Grants payable | $0 |
| Deferred revenue | $6,549 |
| 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 | $1,000 |
| Total liabilities | $16,649 |
| Net assets without donor restrictions | $2,358,918 |
| Net assets with donor restrictions | $1,664,779 |
| 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 | $4,040,346 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Seamens Church Institute Of Newport R I has recieved totaling $16,834.
| Awarding Organization | Amount |
|---|---|
Thomas A Rodgers Jr Family Foundation Newport, RI PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING; PROGRAM SUPPORT; GENERAL SUPPORT | $6,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $84 |
Endowment Analysis
| Beg. Balance | $1,739,843 |
| Earnings | -$287,741 |
| Ending Balance | $1,452,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Adventure Inc Beverly, MA | $1,895,624 | $4,703,745 |
Innercity Weightlifting Inc Boston, MA | $3,964,091 | $4,030,474 |
Doc Wayne Youth Services Inc Boston, MA | $1,355,215 | $2,243,484 |
Atlantic Hockey Association Inc Winthrop, MA | $457,452 | $1,032,133 |
Alternative Leisure Co Inc Watertown, MA | $246,126 | $463,727 |
Aim High Gymnastics Parents Association East Greenwich, RI | $130,154 | $420,128 |
Seamens Church Institute Of Newport R I Newport, RI | $4,040,346 | $507,345 |
Hackers For Hope Inc Bethel, CT | $0 | $340,673 |
Boston Taekwondo Project Inc Cambridge, MA | $61,416 | $340,500 |
Shelby American Automobile Club Inc Wallingford, CT | $58,970 | $346,439 |
Nantucket Disc Golf Inc Nantucket, MA | $497,722 | $247,967 |
Loon Freestyle Inc Marblehead, MA | $183,778 | $0 |