The Sea Gate Association

The information for The Sea Gate Association is as of the organization's most recent filing in December '21. This organization is located in Brooklyn, NY. It has been in existence for 86 years, following its founding in 1935.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Sea Gate Association's NTEE code is Z99. The "Z" indicates that the organization's classification is currently unknown. The NTEE code does not provide information about the major and minor classifications of the organization. The classification description states that Z99 is a temporary code used for organizations until more information is available to classify them in major groups A through Y. The Sea Gate Association is governed by section 4 of the Internal Revenue Code, which is for Civic Leagues, Social Welfare Organizations, and Local Associations of Employees. The mission of the organization is to serve as a Homeowners Association.

Program Areas

The program area known as Sea Gate New York is responsible for protecting and securing the area, as well as maintaining communal properties and providing basic public services for the association members.

Organization Staffing

The Sea Gate Association is run by Vincent Cirino, who serves as the President of the organization. The organization has a small labor force, with only 144 employees. None of the employees are paid over $100k per year. Additionally, there are no volunteers supporting the organization's work.

Board Governance

The Sea Gate Association appears to be well-governed based on the information provided. The organization has 15 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further enhances the credibility of the organization's governance. The fact that board meetings and committee meetings are documented demonstrates transparency and accountability within the organization. This documentation ensures that decisions and discussions are properly recorded and can be reviewed if necessary. Additionally, providing copies of the 990 to the board prior to filing shows a commitment to open communication and financial transparency. However, there are some areas where the organization could improve its governance practices. The absence of a conflict of interest policy and a whistleblower policy leaves the organization vulnerable to potential ethical and legal issues. These policies are essential for addressing conflicts of interest and encouraging the reporting of any wrongdoing within the organization. Additionally, the lack of a document retention policy raises concerns about the organization's ability to maintain important records and documents. Overall, while The Sea Gate Association demonstrates some strong governance practices, there are areas where improvements could be made to further enhance transparency, accountability, and ethical conduct within the organization.

Organization Growth

The Sea Gate Association has experienced significant growth over the given time period. Contributions and grants received went from $0 in 2014 to $5.5 million in 2021. Program service revenue increased from $3.9 million in 2014 to $5.8 million in 2021. Other revenue also saw a substantial increase, going from $47.3 thousand in 2014 to $1.1 million in 2021. Total revenue grew from $4.0 million in 2014 to $12.4 million in 2021. Employee salaries increased from $1.5 million in 2014 to $2.7 million in 2021. Total expenses also rose from $3.2 million in 2014 to $6.3 million in 2021. Additionally, the number of employees grew from 75 in 2014 to 144 in 2021. These indicators demonstrate the significant growth of The Sea Gate Association over the given time period.