Civic Intelligence

Seas Foundation Ltd.

990 • Fiscal year 2021 • EIN 27-0868173

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 10, 2022

Organization Profile
826 South 8th Street Suite 3Sheboygan, WI 53081

(920) 457-8609

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

53rd percentile

11%

Faster asset growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

44%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,979,236

Up $195,822 (+11%) from 2020

Net Assets

Up

$1,979,236

Up $195,822 (+11%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin98th percentile

Revenue

Up

$199,390

Up $61,023 (+44%) from 2020

Expenses

Up

$17,615

Up $1,981 (+13%) from 2020

Net Income

Up

$181,775

Up $59,042 (+48%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2021

Assets$1,979,236
Liabilities$0
Net Assets$1,979,236
Open 2021 Filing

Operations Trend

Revenue Growth74th 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

2021

Revenue$199,390
Expenses$17,615
Net Income$181,775
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 10, 2022
Return Version
2021v4.0
Gross Receipts
$199,390
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$1,782,506$1,978,903▲ $196,397
Cash and Non-Interest-Bearing Accounts$908$333▼ $575
Total Assets$1,783,414$1,979,236▲ $195,822
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,783,414$1,979,236▲ $195,822
Total Net Assets Fund Balance$1,783,414$1,979,236▲ $195,822
Total Liabilities and Net Assets / Fund Balance$1,783,414$1,979,236▲ $195,822

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,978,903--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,783,414-▲ $213,437-$1,979,236
2020$1,538,911-▲ $260,137-$1,783,414
2019$1,276,527$984▲ $274,887-$1,538,911
2018$1,376,239-▼ $85,263-$1,276,527
2017$1,180,056-▲ $209,307-$1,376,239
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Eric ZufeltPresident/tr
Adam BrotzDirector
James TestwuideDirector
Jason BemisDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$199,390
Other Revenue
$0
Change in Net Assets
$181,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,615
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-$17,040-$17,040
Fees for Services Accounting-$575-$575
Total Functional Expenses$0$17,615$0$17,615
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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 president. 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
826 SOUTH 8TH STREET SUITE 3, SHEBOYGAN, WI 53081

Signing Officer

Name
Eric Zufelt
Title
President/treasurer
Phone
9204578609
Signed
2022-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Zufelt
Formed
2009
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
4
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 Appendix340 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 IS NOW BEING 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED AND SIGNED BY THE PRESIDENT. IT IS AVAILABLE UPON REQUEST TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0455479135
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01837 SUPERIOR AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SHEBOYGAN
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053081
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IRS990ScheduleR/PaidEmployeesSharingInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0199390
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01979236
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/CityNm0SHEBOYGAN
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IRS990/USAddress/ZIPCd053081
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC ZUFELT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09204578609
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEAS FOUNDATION LTD
ReturnHeader/Filer/BusinessNameControlTxt0SEAS
ReturnHeader/Filer/EIN0270868173
ReturnHeader/Filer/PhoneNum09204578609
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ReturnHeader/Filer/USAddress/CityNm0SHEBOYGAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
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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/PreparationDt02022-06-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID HAMANN
ReturnHeader/ReturnTs02022-06-20T08:32:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ERIC
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ZUFELT
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,979,236
Liabilities
$0
Net assets
$1,979,236
Revenue
$199,390
Expenses
$17,615
Net income
$181,775
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
2021Detailed filing. Detailed filing data is available for this year.$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
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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