Seabeck Conference Center
- Assets
- $8.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 33
- Location
- Seabeck, WA
- Founding
- 01/1972
- Data as of
- 12/2021
- EIN
- 91-6011617
Organization Overview
Seabeck Conference Center is located in Seabeck, WA. The organization was established in 1972. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Seabeck Conference Center employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seabeck Conference Center 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, Seabeck Conference Center generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONFERENCE FACILITY OPERATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED MORE THAN 2227 GUESTS SEEKING A TRANQUIL SETTING FOR THEIR CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kraining Charles Executive Director | Officer | 40 | $91,200 |
Tesch Gloria Administrator | Officer | 40 | $77,094 |
Tucker Charlotte President | OfficerTrustee | 0.5 | $0 |
Henrickson Peter Treasurer | OfficerTrustee | 0.5 | $0 |
Hesterberg Bev Secretary | OfficerTrustee | 0.5 | $0 |
Peck Julie Vice President/president | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $222,212 |
| All other contributions, gifts, grants, and similar amounts not included above | $846,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,068,559 |
| Total Program Service Revenue | $578,343 |
| Investment income | $1,827 |
| 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 | $1,648,729 |
| 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. | $194,739 |
| Compensation of current officers, directors, key employees. | $35,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,196 |
| Pension plan accruals and contributions | $29,740 |
| Other employee benefits | $88,943 |
| Payroll taxes | $41,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,150 |
| Fees for services: Accounting | $6,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $28,965 |
| Information technology | $20,147 |
| Royalties | $0 |
| Occupancy | $112,632 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,813 |
| Insurance | $79,113 |
| All other expenses | $10,879 |
| Total functional expenses | $1,344,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,981 |
| Savings and temporary cash investments | $426,648 |
| Pledges and grants receivable | $919,591 |
| Accounts receivable, net | $12,237 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,845 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,938,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,634,515 |
| Accounts payable and accrued expenses | $359,548 |
| Grants payable | $0 |
| Deferred revenue | $239,405 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $200,000 |
| Secured mortgages and notes payable | $2,792,084 |
| Unsecured mortgages and notes payable | $304,563 |
| Other liabilities | $0 |
| Total liabilities | $3,895,600 |
| Net assets without donor restrictions | $1,874,827 |
| Net assets with donor restrictions | $2,864,088 |
| 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 | $8,634,515 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Seabeck Conference Center has recieved totaling $382,298.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW BUILDING CONSTRUCTION | $350,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,031 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Rosa Foundation McMinnville, OR PURPOSE: SUPPORT PHYSICALOPERATION OFCONFERENCE CENTER | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $267 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridge Ministries Bellevue, WA | $2,376,467 | $5,280,770 |
Interact Ministries Inc Boring, OR | $2,444,865 | $2,307,839 |
Tacoma New Life Presbyterian Church Tacoma, WA | $6,383,396 | $1,529,207 |
Seabeck Conference Center Seabeck, WA | $8,634,515 | $1,648,729 |
Mike Silva Evangelism Inc Beaverton, OR | $624,310 | $1,401,568 |
National Christian Forensics And Communications Association Yakima, WA | $658,986 | $1,127,319 |
Pacific Northwest Outreach Inc Gresham, OR | $30,778 | $1,201,443 |
Vipassana Community Foundation Onalaska, WA | $1,437,686 | $1,373,097 |
Reid Saunders Evangelistic Association Salem, OR | $3,747,589 | $2,249,149 |
Experience Mission Inc Nordland, WA | $149,819 | $967,227 |
Pyung An Presbyterian Church Auburn, WA | $2,407,251 | $1,427,456 |
Bible Teaching Inc Silverton, OR | $513,314 | $1,166,261 |