Seabrook Community Foundation
- Assets
- $2.4m
- Revenue
- $803.6k
- Investments
- $641.8k
- Employees
- 0
- Location
- Pacific Beach, WA
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 20-8521827
Organization Overview
Seabrook Community Foundation is located in Pacific Beach, WA. The organization was established in 2008. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seabrook Community Foundation 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, Seabrook Community Foundation generated $803.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $245.8k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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.
Since 2015, Seabrook Community Foundation has awarded 85 individual grants totaling $1,013,887. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SEABROOK COMMUNITY FOUNDATION'S MISSION IS TO PROVIDE SCHOLARSHIP ASSISTANCE FOR STRUGGLING/UNDERPRIVILEGED YOUTH AND UNMET OR CRITICAL SUPPORTIVE SERVICES FOR THE COMMUNITY TO THE REMOTE, RURAL, TRIBAL, AND COASTAL AREAS WITHIN THE SURROUNDING GRAYS HARBOR COUNTY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SEABROOK COMMUNITY FOUNDATION PROVIDED CRITICAL SUPPORT TO THE COMMUNITY DURING THIS YEAR OF SHUT-DOWNS AND UNCERTAINTY. FOOD PROGRAMS WERE CREATED WITH COLLABORATION OF LOCAL RESTAURANTS TO OUTREACH LOCAL CHILDREN AND FAMILIES THAT WERE STRUGGLING. VENTILATORS AND PPE WERE DONATED TO OUR HOSPITAL WHEN CONCERN OF LACK OF MEDICAL EQUIPMENT WAS IN THREAT. WE ASSISTED LOCAL NON-PROFITS AS THEY FOUND NEW WAYS TO DEEPEN THEIR IMPACT WITH THE COMMUNITY THROUGH MEALS AND THE NEED TO OUTREACH THROUGH MOBILE DELIVERY. WE PROVIDED SCHOOLS WITH 1 TO 1 ELECTRONIC DEVICE SUPPORT SO THAT STUDENTS WERE ABLE TO CONTINUE TO HAVE REMOTE ACCESS TO THEIR TEACHERS, CLASSROOMS, AND SCHOOLS. WE PROVIDED SCHOLARSHIPS TO OVER 50 STUDENTS TO ENCOURAGE AND FINANCIALLY SUPPORT THEIR PURSUIT OF VOCATIONAL/TECHNICAL AND ACADEMIC TRAINING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christi Boora Executive Director | Officer | 18 | $41,606 |
Kelly Page Treasurer | OfficerTrustee | 1 | $0 |
Ellen Melocik Secretary | OfficerTrustee | 1 | $0 |
Helen Gilbert President | OfficerTrustee | 1 | $0 |
Titus Capoeman Board Member | Trustee | 1 | $0 |
Peter Harris Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $803,114 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $803,114 |
| Total Program Service Revenue | $0 |
| Investment income | $437 |
| 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 | $803,551 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,180 |
| Grants and other assistance to domestic individuals. | $122,878 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,606 |
| Compensation of current officers, directors, key employees. | $20,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,095 |
| Fees for services: Accounting | $5,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,270 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,844 |
| 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 | $290 |
| Insurance | $984 |
| All other expenses | $76 |
| Total functional expenses | $245,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $571,977 |
| Savings and temporary cash investments | $287,563 |
| 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 | $12,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $39,597 |
| Investments—publicly traded securities | $834,924 |
| Investments—other securities | $641,797 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,388,358 |
| Accounts payable and accrued expenses | $4,200 |
| 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 | $4,200 |
| Net assets without donor restrictions | $2,333,803 |
| Net assets with donor restrictions | $50,355 |
| 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 | $2,388,358 |
Grants Awarded
Over the last fiscal year, Seabrook Community Foundation has awarded $56,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Ocean Shores, WA PURPOSE: REFRIGERATOR FOOD TRUCK TO SERVICE NORTH BEACH, WASHINGTON AREA AND OPERATIONS. | $26,200 |
Aberdeen, WA PURPOSE: OPERATIONS. | $20,000 |
NORTH BEACH SCHOOL DISTRICT #64 PURPOSE: OPERATIONS. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Seabrook Community Foundation has recieved totaling $3,071.
| Awarding Organization | Amount |
|---|---|
Lucky Seven Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $571 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cook Inlet Lending Center Inc Anchorage, AK | $29,381,290 | $14,919,049 |
New West Community Capital Inc Boise, ID | $45,251,574 | $3,085,847 |
Alliance 2005 Omak, WA | $220,258 | $1,289,298 |
Lemhi County Economic Development Corporation Salmon, ID | $408,880 | $806,548 |
Hopexchange Inc Scio, OR | $468,873 | $942,517 |
Food Roots Tillamook, OR | $436,936 | $587,342 |
Strongertowns Port Townsend, WA | $246,235 | $422,479 |
Iaf Northwest Seattle, WA | $144,672 | $327,249 |
Seabrook Community Foundation Pacific Beach, WA | $2,388,358 | $803,551 |
South Willamette Solutions Oakridge, OR | $15,189 | $0 |
Valley County Economic Development Council Inc Mccall, ID | $222,901 | $211,605 |
Rural Peoples Platform Winthrop, WA | $3,681 | $0 |