Vermilion Sea Institute
- Assets
- $158.4k
- Revenue
- $315.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Seattle, WA
- Founding
- 10/2007
- Data as of
- 12/2022
- EIN
- 20-8381814
Organization Overview
Vermilion Sea Institute is located in Seattle, WA. The organization was established in 2007. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Vermilion Sea Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermilion Sea Institute 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 12/2022, Vermilion Sea Institute generated $315.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $372.7k during the year ending 12/2022. While expenses have increased by 18.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND IMPLEMENT PROGRAMS THAT SUPPORT ECOLOGY, CULTURE AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MARINE DEBRIS PREVENTION PROGRAMS ARE DRIVEN BY THE LEADERSHIP AND PARTICIPATION OF YOUNG PEOPLE AND COMMUNITY MEMBERS. WE ARE COMMITTED TO IMPROVING OUR COMMUNITY AND REDUCING WASTE IN BAHIA DE LOS ANGELES THROUGH THE FOLLOWING PROJECTS. 1. WE EMPOWER YOUNG PEOPLE TO TAKE CHARGE AND LEAD EFFORTS TO REDUCE PLASTIC WASTE AND MARINE DEBRIS THROUGH PUBLIC EDUCATION, BEACH CLEANUPS, DATA COLLECTION, AND COMMUNITY-POWERED CAMPAIGNS. THESE YOUTH COLLECT VALUABLE DATA FOLLOWING NOAA PROTOCOLS AND CONTRIBUTE TO GLOBAL UNDERSTANDING OF MARINE DEBRIS. FURTHER, THROUGH HANDS-ON COLLABORATION WITH VISITORS, THEY EMPOWER OTHERS TO DO THE SAME. 2. WE IMPROVE OUR COMMUNITY AND REDUCE WASTE THROUGH THE CREATION, OPERATION, AND CONTINUOUS DEVELOPMENT OF A SPECIALIZED COMMUNITY RECYCLING CENTER. OUR NEWLY ACQUIRED, SPECIALIZED, MACHINES EFFICIENTLY PROCESS POST-CONSUMER PLASTICS, PROVIDING A MORE SUSTAINABLE SOLUTION TO PLASTIC WASTE MANAGEMENT. WE PRIORITIZE COMMUNITY ENGAGEMENT AND A CIRCULAR ECONOMY, STRIVING TO MAXIMIZE THE IMPACT OF OUR RECYCLING EFFORTS AND REDUCE THE AMOUNT OF WASTE THAT ENDS UP IN OUR LOCAL DESERT AND OCEANS.
THE ORGANIZATION FACILITATED INQUIRY-BASED FIELD STUDIES IN DESERT AND MARINE ECOSYSTEMS FOR EDUCATIONAL GROUPS AT TWO FIELD STATIONS IN BAJA CALIFORNIA. IN 2022, 257 STUDENTS AND SCIENCE RESEARCHERS PARTICIPATED IN THE PROGRAMS. THE ORGANIZATION DEVELOPED, CONDUCTED, COORDINATED, AND FACILITATED PROGRAMS TO PROVIDE HANDS-ON LEARNING EXPERIENCES FOR UNIVERSITIES, SCHOOLS, AND OTHER EDUCATIONAL GROUPS. THE PROGRAMS AIMED TO ENHANCE UNDERSTANDING AND APPRECIATION OF THE ECOSYSTEMS, PROMOTE SCIENTIFIC INQUIRY, AND INSPIRE CREATION OF OTHER CHANGE INITIATIVES IN VISITORS' OWN COMMUNITIES.
WE OFFER PARTICIPANT-DRIVEN EDUCATIONAL CURRICULA AND OUTDOOR EDUCATION ACTIVITIES TO UNDERSERVED LOCAL STUDENTS OF COLOR, FOCUSING ON DEVELOPING WATER EXPLORATION SKILLS, SELF-CARE, TEAM BUILDING, LEADERSHIP, AND CONSERVATION SKILLS. IN 2022, 76 STUDENTS PARTICIPATED IN THESE PROGRAMS, WHICH HELP TO INSTILL CONSERVATION-RELATED VALUES AND PROTECT THE ENVIRONMENT FOR FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghann Mcdonald President & Treasurer | Officer | 40 | $30,356 |
Aaron Hirsch Director | Trustee | 1 | $0 |
Veronica Volny Secretary | OfficerTrustee | 1 | $0 |
Autumn Moore Barkus Director | Trustee | 1 | $2,000 |
T'noya Thompson Vice President | OfficerTrustee | 1 | $0 |
Joshua Maximon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,753 |
| Total Program Service Revenue | $204,907 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $315,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,062 |
| Compensation of current officers, directors, key employees. | $2,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,438 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,794 |
| Advertising and promotion | $26 |
| Office expenses | $1,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,422 |
| Travel | $43,879 |
| 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 | $3,907 |
| Insurance | $2,255 |
| All other expenses | $129,256 |
| Total functional expenses | $372,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,693 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,125 |
| Total assets | $158,444 |
| Accounts payable and accrued expenses | $2,959 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $2,959 |
| Net assets without donor restrictions | $155,485 |
| Net assets with donor restrictions | $0 |
| 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 | $158,444 |