Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Nswkids Inc
EIN 45-4961791 • 501(c)3 • Mooresville, NC
Profile
To provide for educational & enrichment services
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.73x
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
67th percentile
Higher net margin than 67% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 12.6% of source-year revenue.
Asset Growth
90th percentile
Faster asset growth than 90% of similar nonprofits.
Revenue Growth
35th percentile
Faster revenue growth than 35% of similar nonprofits.
Balance Sheet
Assets
Up$324,446
Up $61,090 (+23%) from 2021
Liabilities
Up$562,000
Up $312,195 (+125%) from 2021
Net Assets
Down-$237,554
Down $251,105 (-1853%) from 2021
Revenue
Down$1,192,376
Down $499,633 (-30%) from 2021
Expenses
Down$1,015,231
Down $594,145 (-37%) from 2021
Net Income
Up$177,145
Up $94,512 (+114%) from 2021
Trend Graphs
Filings
Most recent year
2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $324,446
- Liabilities
- $562,000
- Net assets
- -$237,554
- Revenue
- $1,192,376
- Expenses
- $1,015,231
- Net income
- $177,145
Latest Detailed Filing
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Jun 24, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $1,548,832
Mission and Program Overview
Mission
Sealkids, inc. Provides academic testing, support and enrichment services to children of active duty naval special warfare personnel, and retired, reserve, separated seals.
SEALkids, Inc.(aka:NSWKids,Inc.)through its programs, supports the children of the Naval Special Warfare--everyday kids living in extraordinary circumstances. This encompassing approach of academic testing, tutoring, therapy, advocacy and enrichment fosters the success and well-being of the child, critically reducing family stresses and ultimately keeping today's Navy SEAL in the fight.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $433,051 | $408,288 | ▼ $24,763 |
| Land, Buildings, and Equipment, Net | $90,874 | $71,718 | ▼ $19,156 |
| Total Assets | $523,925 | $480,006 | ▼ $43,919 |
| Liabilities | |||
| Deferred Revenue | - | $75,000 | - |
| Accounts Payable and Accrued Expenses | $48,979 | $53,751 | ▲ $4,772 |
| Total Liabilities | $48,979 | $128,751 | ▲ $79,772 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $474,946 | $351,255 | ▼ $123,691 |
| Total Net Assets Fund Balance | $474,946 | $351,255 | ▼ $123,691 |
| Total Liabilities and Net Assets / Fund Balance | $523,925 | $480,006 | ▼ $43,919 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $71,718 | $31,905 | $103,623 |
| Land | $0 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Gretchen McIntosh | Executive Director | FT | $120,000 | $120,000 |
| Rosalee Robbins CPA PLLC | Chief Financial Officer | PT | $67,480 | $67,480 |
Board Members and Trustees
| Name | Title |
|---|---|
| Rear AdmiralRet Scott Moore | Chair |
| Molly Moore | Director |
| Ray Fitzgerald | Director |
| Tom Zaccagnino | Director |
| Greg Bonifield | Secretary |
| Joe Valentine | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,548,825
- Program Service Revenue
- $0
- Investment Income
- $7
- Other Revenue
- $0
- All Other Contributions
- $1,548,825
- Change in Net Assets
- $250,125
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,548,832
- Total Revenue per Audited Statements
- $1,548,832
- Total Revenue per Form 990
- $1,548,832
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $885,573 |
| Salaries, Compensation, and Employee Benefits | $413,134 |
| Total Fundraising Expense | $98,436 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $703,664 | $0 | $0 | $703,664 |
| Other Salaries and Wages | $221,453 | $18,378 | $23,944 | $263,775 |
| Current Officers, Directors, Trustees, and Key Employees | $40,000 | $40,000 | $40,000 | $120,000 |
| Fees for Services Accounting | $55,980 | $19,500 | $0 | $75,480 |
| Payroll Taxes | $20,001 | $4,466 | $4,892 | $29,359 |
| Advertising | $0 | $0 | $26,193 | $26,193 |
| Depreciation Depletion | $0 | $21,656 | $0 | $21,656 |
| Fees for Services Legal | $0 | $17,385 | $0 | $17,385 |
| Travel | $1,085 | $10,172 | $332 | $11,589 |
| Office Expenses | $2,280 | $6,439 | $820 | $9,539 |
| Other Expenses | $3,944 | $0 | $0 | $3,944 |
| Insurance | $0 | $3,681 | $0 | $3,681 |
| Information Technology | $159 | $159 | $159 | $477 |
| Total Functional Expenses | $1,048,959 | $151,312 | $98,436 | $1,298,707 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $1,298,707 |
| Expenses per Audited Statements | $1,297,523 |
| Total Expenses per Audited Statements | $1,297,523 |
| Expenses Not Reported on Financial Statements | $1,184 |
| Other Expense Adjustments | $1,184 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- Audit committee
- Yes
- Backup withholding compliance
- 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
- Yes
- 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
Filing and Contact Details
Filer
- Filer Name
- Sealkids Inc
- EIN
- 45-4961791
- Phone
- 7577498752
- Address
- 516 D RIVER HIGHWAY, MOORESVILLE, NC 28117
Signing Officer
- Name
- Gretchen McIntosh
- Title
- Executive Director
- Phone
- 7577498752
- Signed
- 2019-06-24
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Gretchen McIntosh
- Formed
- 2012
- Legal Domicile
- Nc
- Voting Board Members
- 6
- Independent Board Members
- 6
- Employees
- 5
- Volunteers
- 20
Preparer
- Firm
- Rosalee Robbins CPA Pllc
- Address
- 3750 HIGHWAY16 N, DENVER, NC 28037
- Preparer
- Rosalee Robbins CPA
- Phone
- 7044832935
Supplemental Narrative
Additional Explanations
Pt VI, Line 11B
“The Board of Directors review minutes of meetings and draft of Form 990 recommending changes before final approval. Final Copy of Form 990 sent to Board before filing.”
Pt VI, Line 8A
“The Executive Director reviews and sends copies of the draft of minutes of meetings and Form 990 to the board members.”
Pt VI, Line 12C
“The organization has a conflict of interest policy statement in its bylaws. It is expected that new members will comply with the requirements.”
Pt VI, Line 15A
“Salary comparable to other non profit organizations”
Pt VI, Line 2
“Current Board Chair and Director are husband and wife.”
Pt XI
“Depreciation different in audit from books - MACRs vs. Audit.”
Pt XII, Line 1
“The organization used accrual basis to match audit report as Form 990 is sent to different states for compliance purposes”
Pt VI, Line 8B
“Board of Directors has no other committees acting on its behalf”
Financial Statement Notes
Pt XII, Line 4B
“Depreciation expense based on MACRS vs Audit.”
Raw XML AppendixShowing 400 of 449 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.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 48979 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 53751 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | SEALkids, Inc.(aka:NSWKids,Inc.)through its programs, supports the children of the Naval Special Warfare--everyday kids living in extraordinary circumstances. This encompassing approach of academic testing, tutoring, therapy, advocacy and enrichment fosters the success and well-being of the child, critically reducing family stresses and ultimately keeping today's Navy SEAL in the fight. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 26193 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 26193 |
| IRS990/AllOtherContributionsAmt | 0 | 1548825 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | GRETCHEN MCINTOSH |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9379252206 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 36 S ROOSEVELT AVE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BEXLEY |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 43209 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 433051 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 408288 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 40000 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 40000 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 40000 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 120000 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1548825 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 7 |
| IRS990/CYOtherExpensesAmt | 0 | 885573 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 250125 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 413134 |
| IRS990/CYTotalExpensesAmt | 0 | 1298707 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 98436 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1548832 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd |