Civic Intelligence

Seas Foundation Ltd.

990 • Fiscal year 2017 • EIN 27-0868173

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

Organization Profile
630 Riverfront Dr Ste 110Sheboygan, WI 53081

(920) 457-8609

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

97th percentile

82%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-41%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$1,377,089

Up $196,183 (+17%) from 2016

Net Assets

Up

$1,376,239

Up $196,183 (+17%) from 2016

Liabilities

Flat

$850

Flat from 2016

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin97th percentile

Revenue

Down

$74,080

Down $51,492 (-41%) from 2016

Expenses

Up

$13,124

Up $4,046 (+45%) from 2016

Net Income

Down

$60,956

Down $55,538 (-48%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $526,504Liabilities 2010: $0Net Assets 2010: $526,5042010Assets 2011: $507,725Liabilities 2011: $901Net Assets 2011: $506,8242011Assets 2012: $511,814Liabilities 2012: $25,866Net Assets 2012: $485,9482012Assets 2013: $568,147Liabilities 2013: $1,019Net Assets 2013: $567,1282013Assets 2014: $581,525Liabilities 2014: $1,046Net Assets 2014: $580,4792014Assets 2016: $1,180,906Liabilities 2016: $850Net Assets 2016: $1,180,0562016Assets 2017: $1,377,089Liabilities 2017: $850Net Assets 2017: $1,376,2392017Assets 2018: $1,277,377Liabilities 2018: $850Net Assets 2018: $1,276,5272018Assets 2019: $1,538,911Liabilities 2019: $0Net Assets 2019: $1,538,9112019Assets 2020: $1,783,414Liabilities 2020: $0Net Assets 2020: $1,783,4142020Assets 2021: $1,979,236Liabilities 2021: $0Net Assets 2021: $1,979,2362021Assets 2022: $1,632,095Liabilities 2022: $0Net Assets 2022: $1,632,0952022Assets 2023: $2,447,039Liabilities 2023: $0Net Assets 2023: $2,447,0392023Assets 2024: $4,031,295Liabilities 2024: $0Net Assets 2024: $4,031,2952024

Highlighted filing

2017

Assets$1,377,089
Liabilities$850
Net Assets$1,376,239
Open 2017 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,4992010Expenses 2011: $6,4562011Expenses 2012: $74,0832012Revenue 2013: $38,563Expenses 2013: $32,538Net Income 2013: $6,0252013Revenue 2014: $31,969Expenses 2014: $36,029Net Income 2014: -$4,0602014Revenue 2016: $125,572Expenses 2016: $9,078Net Income 2016: $116,4942016Revenue 2017: $74,080Expenses 2017: $13,124Net Income 2017: $60,9562017Revenue 2018: $123,735Expenses 2018: $14,449Net Income 2018: $109,2862018Revenue 2019: $87,206Expenses 2019: $13,487Net Income 2019: $73,7192019Revenue 2020: $138,367Expenses 2020: $15,634Net Income 2020: $122,7332020Revenue 2021: $199,390Expenses 2021: $17,615Net Income 2021: $181,7752021Revenue 2022: $105,186Expenses 2022: $12,492Net Income 2022: $92,6942022Revenue 2023: $590,333Expenses 2023: $8,890Net Income 2023: $581,4432023Revenue 2024: $1,555,084Expenses 2024: $13,288Net Income 2024: $1,541,7962024

Highlighted filing

2017

Revenue$74,080
Expenses$13,124
Net Income$60,956
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.3
Gross Receipts
$74,080
Mission and Program Overview

Mission

To receive and administer funds for the support of sailing education association of sheboygan inc and scientific, educational and charitable purposes as it relates to sailing education association of sheboygan inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,180,906$1,376,150▲ $195,244
Cash and Non-Interest-Bearing Accounts-$939-
Total Assets$1,180,906$1,377,089▲ $196,183
Liabilities
Other Liabilities$850$850→ $0
Total Liabilities$850$850→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,180,056$1,376,239▲ $196,183
Total Net Assets Fund Balance$1,180,056$1,376,239▲ $196,183
Total Liabilities and Net Assets / Fund Balance$1,180,906$1,377,089▲ $196,183

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,376,150--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,180,056-▲ $209,307-$1,376,239
2016$592,486$500,000▲ $96,648-$1,180,056
2015$580,479$70,000▼ $16,445-$592,486
2014$567,128-▲ $49,380-$580,479
2013$485,948-▲ $113,718-$567,128
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Stephen J GouldPresident
Adam BrotzDirector
Jason BemisDirector
Eric ZufeltSecretary/tr
Robert MelzerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$74,080
Other Revenue
$0
Change in Net Assets
$60,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,124
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$12,078-$12,078
Fees for Services Accounting-$800-$800
Fees for Services Legal-$226-$226
Other Expenses-$20-$20
Total Functional Expenses$0$13,124$0$13,124
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organization$850
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

“There currently are no committees, only the board of directors.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed and signed by the secreatry/treasurer. It is available upon request to all board members.”

Form 990, Page 6, Part VI, Line 19

“All governing documents of the organization are available upon request.”

Filing and Contact Details

Filer

Filer Name
Seas Foundation Ltd
EIN
27-0868173
Phone
9204578609
Address
630 RIVERFRONT DR STE 110, SHEBOYGAN, WI 53081

Signing Officer

Name
Eric Zufelt
Title
Secretary/treasurer
Phone
9204578609
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Zufelt
Formed
2009
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Corson Peterson & Hamann Sc
Address
2203 SOUTH MEMORIAL PLACE, SHEBOYGAN, WI 53081
Preparer
David Hamann
Phone
9204573641
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Endowment funds are maintained to provide support to the organizations supported by the organization.”

Raw XML Appendix366 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SEAS FOUNDATION, LTD WAS ORGANIZED IN 2009 TO SUPPORT SAIL SHEBOYGAN LTD. DURING 2016 THERE WAS A RESTRUCTURING AMONG SAIL SHEBOYGAN LTD AND SAILING EDUCATION ASSOCIATION OF SHEBOYGAN INC. THE ORIGINAL PURPOSE OF SEAS FOUNDATION LTD WAS TO PROVIDE FINANCIAL SUPPORT TO AN ORGANIZATION THAT PROMOTES SAILING AND THAT PURPOSE WILL NOW BE ACCOMPLISHED THROUGH SAILING EDUCATION ASSOCIATION OF SHEBOYGAN INC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SEAS FOUNDATION LTD BOARD IS MADE UP OF A MAJORITY OF BOARD MEMBERS FROM SAILING EDUCATION ASSOCIATION OF SHEBOYGAN INC. THIS ALLOWS SEAS FOUNDATION LTD TO BE RESPONSIVE TO THE NEEDS AND REQUIREMENTS OF SAILING EDUCATION ASSOCIATION OF SHEBOYGAN INC.
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE CURRENTLY ARE NO COMMITTEES, ONLY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED AND SIGNED BY THE SECREATRY/TREASURER. IT IS AVAILABLE UPON REQUEST TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0SAILING EDUCATION ASSN OF SHEBOYGAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0455479135
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SAILING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0630 RIVERFRONT DRIVE 230
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SHEBOYGAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053081
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01377089
IRS990/TotalAssetsGrp/BOYAmt01180906
IRS990/TotalAssetsGrp/EOYAmt01377089
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013124
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt013124
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0850
IRS990/TotalLiabilitiesEOYAmt0850
IRS990/TotalLiabilitiesGrp/BOYAmt0850
IRS990/TotalLiabilitiesGrp/EOYAmt0850
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01376239
IRS990/TotalRevenueGrp/ExclusionAmt074080
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt074080
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01180906
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01377089
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01180056
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01376239
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0SHEBOYGAN
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053081
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC ZUFELT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09204578609
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEAS FOUNDATION LTD
ReturnHeader/Filer/BusinessNameControlTxt0SEAS
ReturnHeader/Filer/EIN0270868173
ReturnHeader/Filer/PhoneNum09204578609
ReturnHeader/Filer/USAddress/AddressLine1Txt0630 RIVERFRONT DR STE 110
ReturnHeader/Filer/USAddress/CityNm0SHEBOYGAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053081
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C86639362E10E9B237D756F2CE0685901FCB66CD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C86639362E10E9B237D756F2CE0685901FCB66CD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.103.247.9
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:48:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391806517
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORSON PETERSON & HAMANN SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02203 SOUTH MEMORIAL PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHEBOYGAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053081
ReturnHeader/PreparerPersonGrp/PhoneNum09204573641
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID HAMANN
ReturnHeader/ReturnTs02018-05-14T14:48:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,377,089
Liabilities
$850
Net assets
$1,376,239
Revenue
$74,080
Expenses
$13,124
Net income
$60,956
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$0.00$4.03$1.56$0.01$1.54
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$0.00$2.45$0.59$0.01$0.58
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.00$1.63$0.11$0.01$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.00$1.98$0.20$0.02$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$0.00$1.78$0.14$0.02$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.00$1.54$0.09$0.01$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.00$1.28$0.12$0.01$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.07$0.01$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.13$0.01$0.12
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.00$0.58$0.03$0.04$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.04$0.03$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.03$0.49$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.51$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.00