Friends Of Seabrook Community
- Assets
- $88.6k
- Revenue
- $515.2k
- Investments
- $0.0
- Employees
- 65
- Location
- Seabrook, NH
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 81-2784942
Organization Overview
Friends Of Seabrook Community is located in Seabrook, NH. The organization was established in 2016. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Friends Of Seabrook Community employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Seabrook Community 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, Friends Of Seabrook Community generated $515.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $494.1k during the year ending 12/2022. While expenses have increased by 53.8% per year over the past 2 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 BUILD AND CREATE SAFE AND FUN ENVIRONMENTS THAT ALL AGES CAN ENJOY IN THE TOWN OF THE SEABROOK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF SEABROOK COMMUNITY HAS WORKED ON MANY PROJECTS THAT HAVE HELPED RE-DEFINE RECREATIONAL SPACES TO CREATE A FUN AND SAFE PLACE TO ENGAGE AND CREATE THOSE HEARTWARMING MEMORIES. SOME BIG PROJECTS THAT F.O.S.C. HAS CREATED ARE PLAYGROUNDS, BALL PITS, BASKETBALL COURTS, A COMMUNITY ICE SKATING RINK, AND A VETERANS MEMORIAL PARK SIGN AND PLAYGROUND. IN ADDITION, THE ORGANIZATION HAS OFFERED INCREASED AFTER-SCHOOL PROGRAMMING FOR SCHOOL-AGE YOUTH IN SEABROOK, NH.IN 2022, F.O.S.C. RECEIVED A 21ST CENTURY COMMUNITY LEARNING CENTER (21ST CCLC) GRANT TO PROVIDE EXTENDED DAY PROGRAMMING FOR YOUTH AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Forrest E Carter Jr Executive Director Of Programs | OfficerTrustee | 50 | $76,420 |
Owen Carter-Duffy Treasurer/secretary | OfficerTrustee | 5 | $0 |
Jill Gordon Chair | OfficerTrustee | 8 | $0 |
Tawnya Hazell Treasurer | OfficerTrustee | 5 | $0 |
Dawn Sanborn Board Member (left In 2022) | Trustee | 5 | $0 |
Marcella Dow Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $375,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,460 |
| Total Program Service Revenue | $0 |
| 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 | $65,700 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,160 |
| 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. | $85,837 |
| Compensation of current officers, directors, key employees. | $12,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,676 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,691 |
| Payroll taxes | $31,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,613 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,637 |
| Advertising and promotion | $0 |
| Office expenses | $1,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,435 |
| All other expenses | $0 |
| Total functional expenses | $494,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,961 |
| 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 | $43,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,559 |
| Accounts payable and accrued expenses | $1,853 |
| 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 | $16,767 |
| Other liabilities | $0 |
| Total liabilities | $18,620 |
| Net assets without donor restrictions | $0 |
| 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 | $69,939 |
| Total liabilities and net assets/fund balances | $88,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Rowing Inc Brighton, MA | $16,273,081 | $6,722,803 |
Josiah Willard Hayden Recreation Center Inc Lexington, MA | $26,597,268 | $5,479,768 |
Pilgrim Skating Arena Inc Hingham, MA | $11,883,485 | $3,566,472 |
Cunningham Foundation Milton, MA | $2,249,585 | $1,510,417 |
Mid-Coast Recreation Center Inc Rockport, ME | $2,729,113 | $1,206,062 |
Family Ice Falmouth, ME | $2,900,896 | $1,043,092 |
Albert & Amelia Ferst Operating Foundation Westfield, MA | $6,093,552 | $1,084,629 |
Northshire Civic Center Inc Manchester Center, VT | $5,228,998 | $1,057,975 |
Bristol Recreation Advisory Council Bristol, NH | $921,082 | $809,649 |
Big Rock Mars Hill, ME | $1,838,013 | $953,661 |
Friends Of Seabrook Community Seabrook, NH | $88,559 | $515,160 |
Cycle Kids Inc Cambridge, MA | $1,674,656 | $1,128,098 |