Seabee Memorial Scholarship Association Inc

Organization Overview

Seabee Memorial Scholarship Association Inc is located in Springfield, VA. The organization was established in 1971. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Seabee Memorial Scholarship Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seabee Memorial Scholarship Association Inc 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, Seabee Memorial Scholarship Association Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $724.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ASSOCIATION PROVIDES SCHOLARSHIP GRANTS TO SONS, DAUGHTERS AND GRANDCHILDREN OF INDIVIDUALS WHO HAVE SERVED IN THE U.S. NAVY SEABEES AND IN THE U.S. NAVY CIVIL ENGINEER CORPS AND RAISES FUNDS TO CONSTRUCT MONUMENTS AND MEMORIALS TO THE U.S. NAVY SEABEES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ASSOCIATION PROVIDES SCHOLARSHIP GRANTS TO SONS, DAUGHTERS AND GRANDCHILDREN OF INDIVIDUALS WHO HAVE SERVED IN THE U.S. NAVY SEABEES AND IN THE U.S. NAVY CIVIL ENGINEER CORPS AND RAISES FUNDS TO CONSTRUCT MONUMENTS AND MEMORIALS TO THE U.S. NAVY SEABEES.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Blount
Chairman
$0
Louis V Cariello
Vice Chairman
$0
Noah H Long Jr
Chairman Emeritus
$0
James Farley
Director
$0
Mark Handley
Director
$0
Keith Hamilton
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Miller Consulting Group Llc
Consulting
$128,653
Datoc Witten Group
Consulting
$148,429
Miller Consulting Group Llc
Consulting
$128,653
Datoc Witten Group
Consulting
$148,429
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$18,350
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,492,068
Noncash contributions included in lines 1a–1f $8,784
Total Revenue from Contributions, Gifts, Grants & Similar$1,510,418
Total Program Service Revenue$0
Investment income $130,452
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $133,269
Net Income from Fundraising Events $107,239
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $32,684
Miscellaneous Revenue$0
Total Revenue $1,914,062

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Seabee Memorial Scholarship Association Inc has recieved totaling $220,081.

Awarding OrganizationAmount
Running Deer Foundation

Boston, MA

PURPOSE: CHARITABLE PURPOSE

$150,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$62,826
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$5,949
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$856
Christians Giving Back Incorporated

Merrifield, VA

PURPOSE: GENERAL SUPPORT

$400
Pfizer Foundation Inc

New York, NY

PURPOSE: MATCHING GIFTS

$50
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,639,895
Earnings$1,756,937
Admin Expense$61,832
Net Contributions$3,677,063
Grants$410,243
Ending Balance$11,601,820

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