Civic Intelligence

Seal Future Foundation Inc.

990 • Fiscal year 2016 • EIN 46-0565393

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 28, 2017

Organization Profilewww.sealfuturefund.org
111 E 14th StNew York, NY 10003

(646) 479-2294

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.23x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • NTEE T12 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

0.12x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • NTEE T12 • <$500k nonprofits • Source year 2016

Net Margin

77th percentile

36%

Higher net margin than 77% of similar nonprofits.

2016 filings • NTEE T12 • <$500k nonprofits • Source year 2016

Top Officer Pay

99th percentile

$24,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2016 filings • NTEE T12 • <$500k nonprofits • Source year 2016

Asset Growth

91st percentile

555%

Faster asset growth than 91% of similar nonprofits.

2016 filings • NTEE T12 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

97%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • NTEE T12 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$162,815

Up $137,939 (+555%) from 2015

Net Assets

Up

$125,963

Up $106,087 (+534%) from 2015

Liabilities

Up

$36,852

Up $31,852 (+637%) from 2015

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin77th percentile

Revenue

Up

$296,082

Up $146,060 (+97%) from 2015

Expenses

Down

$189,996

Down $19,621 (-9.4%) from 2015

Net Income

Up

$106,086

Up $165,681 (+278%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $89,324Liabilities 2013: $0Net Assets 2013: $89,3242013Assets 2014: $79,471Liabilities 2014: $0Net Assets 2014: $79,4712014Assets 2015: $24,876Liabilities 2015: $5,000Net Assets 2015: $19,8762015Assets 2016: $162,815Liabilities 2016: $36,852Net Assets 2016: $125,9632016Assets 2017: $586,588Liabilities 2017: $43,280Net Assets 2017: $543,3082017Assets 2018: $462,365Liabilities 2018: $24,437Net Assets 2018: $437,9282018Assets 2019: $405,489Liabilities 2019: $34,960Net Assets 2019: $370,5292019Assets 2021: $2,289,159Liabilities 2021: $19,170Net Assets 2021: $2,269,9892021Assets 2022: $1,409,526Liabilities 2022: $48,293Net Assets 2022: $1,361,2332022Assets 2024: $2,057,117Liabilities 2024: $99,193Net Assets 2024: $1,957,9242024

Highlighted filing

2016

Assets$162,815
Liabilities$36,852
Net Assets$125,963
Open 2016 Filing

Operations Trend

Revenue Growth85th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2013: $82,676Expenses 2013: $7,850Net Income 2013: $74,8262013Revenue 2014: $62,315Expenses 2014: $72,168Net Income 2014: -$9,8532014Revenue 2015: $150,022Expenses 2015: $209,617Net Income 2015: -$59,5952015Revenue 2016: $296,082Expenses 2016: $189,996Net Income 2016: $106,0862016Revenue 2017: $900,601Expenses 2017: $483,257Net Income 2017: $417,3442017Revenue 2018: $615,871Expenses 2018: $721,250Net Income 2018: -$105,3792018Revenue 2019: $928,141Expenses 2019: $995,540Net Income 2019: -$67,3992019Revenue 2021: $3,651,337Expenses 2021: $1,933,969Net Income 2021: $1,717,3682021Revenue 2022: $2,361,528Expenses 2022: $3,221,773Net Income 2022: -$860,2452022Revenue 2024: $3,597,132Expenses 2024: $3,450,143Net Income 2024: $146,9892024

Highlighted filing

2016

Revenue$296,082
Expenses$189,996
Net Income$106,086
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 28, 2017
Return Version
2016v3.0
Gross Receipts
$492,337
Mission and Program Overview

Mission

The mission of the seal future foundation is to provide navy seals a foundation that supports their well-being, education, and career to continue a life of service within their communities.

The mission of the SEAL Future Fund is to prepare transitioning Navy SEALs for a civilian life of purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,565$158,125▲ $141,560
Land, Buildings, and Equipment, Net$8,311$4,690▼ $3,621
Loans From Officers Directors$5,000$1,500▼ $3,500
Total Assets$24,876$162,815▲ $137,939
Liabilities
Other Liabilities-$35,352-
Total Liabilities$5,000$36,852▲ $31,852
Net Assets / Fund Balance
Unrestricted Net Assets$19,876$125,963▲ $106,087
Total Net Assets Fund Balance$19,876$125,963▲ $106,087
Total Liabilities and Net Assets / Fund Balance$24,876$162,815▲ $137,939

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,690$18,312-
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Allison WilsonManaging DirectorPT$24,000$24,000
Yenieneh YesusSecretaryManaging DirectorPT$23,000$23,000
Jonathan WilsonChairmanCEOPT$16,000$16,000

Board Members and Trustees

NameTitle
Paul Polakowski IIIManaging Director
Revenue and Support

Revenue Composition

Contributions and Grants
$491,685
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-195,603
All Other Contributions
$219,645
Change in Net Assets
$106,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,996
Grants and Similar Amounts Paid$40,000
Total Fundraising Expense$889
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$91,525-$91,525
Grants to Domestic Individuals$40,000--$40,000
Occupancy-$16,000-$16,000
Information Technology-$10,730-$10,730
Office Expenses-$7,154-$7,154
Conferences and Meetings-$5,565$889$6,454
Depreciation Depletion-$4,710-$4,710
Fees for Services Accounting-$3,725-$3,725
Other Expenses$2,225$5,047-$2,225
Travel-$1,881-$1,881
Fees for Services Legal-$75-$75
Total Functional Expenses$42,695$146,412$889$189,996
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$196,255
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
NE Shoot$56,000$56,000$32,936$23,064
Desert Shoot$28,614$28,614$56,631$-28,017
Total Events$272,040$272,040$196,255$75,785
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$5,000$1,500▼ $3,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$35,352
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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 governing body review Part VI line 11

“Trustees of the organization receive and review a copy of the Form 990 and all accompanying federal and state schedules prior to filing of the return.”

Conflict of interest policy compliance Part VI line 12C

“Perceived, potential, and true conflicts of interest are discussed among trustees as they occur. Conflicted parties recuse themselves from discussion and voting on these matters. New trustees receive information about the organizations conflict of interest policy upon agreeing to serve in this capacity.”

CEO executive director top management comp Part VI line 15A

“Compensation is discussed among trustees and is based on review of compensation studies of similarly situated organizations.”

Other officer or key employee compensation Part VI line 15B

“Compensation is discussed among trustees and is based on review of compensation studies of similarly situated organizations.”

Governing documents etc available to public Part VI line 19

“Governing documents are available to the general public upon reasonable request.”

Filing and Contact Details

Filer

Filer Name
Seal Future Fund Inc
EIN
46-0565393
Address
111 E 14th St, New York, NY 10003

Signing Officer

Name
Paul Polakowski III
Title
President
Phone
6464792294
Signed
2017-11-28
Discuss with paid preparer
No

Organization Details

Formed
2012
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
575

Preparer

Firm
Chehov & Associates Inc
Address
10755 Scripps Poway Pkwy Ste 199, San Diego, CA 92131
Preparer
David A Yoshida
Phone
6193098486
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Rounding adjustment”

Raw XML Appendix373 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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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Cash
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Scholarship Committee requires grantees to provide proof of appropriate usage of any scholarship grant funds consistent with such grantees scholarship application. In some cases, the Scholarship Committee will pay scholarship grant funds directly to the qualified educational institution that the grantee attends.Grantees provide a status report to the Scholarship Committee which the Committee uses to determine whether or not the grantee continues to qualify for scholarship support (or, in some cases as warranted, must return previously received funds).
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Brian D Martel
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Chairman
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt01500
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Trustees of the organization receive and review a copy of the Form 990 and all accompanying federal and state schedules prior to filing of the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Perceived, potential, and true conflicts of interest are discussed among trustees as they occur. Conflicted parties recuse themselves from discussion and voting on these matters. New trustees receive information about the organizations conflict of interest policy upon agreeing to serve in this capacity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation is discussed among trustees and is based on review of compensation studies of similarly situated organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is discussed among trustees and is based on review of compensation studies of similarly situated organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents are available to the general public upon reasonable request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Rounding adjustment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024876
IRS990/TotalAssetsEOYAmt0162815
IRS990/TotalAssetsGrp/BOYAmt024876
IRS990/TotalAssetsGrp/EOYAmt0162815
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0491685
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0889
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0146412
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt042695
IRS990/TotalFunctionalExpensesGrp/TotalAmt0189996
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05000
IRS990/TotalLiabilitiesEOYAmt036852
IRS990/TotalLiabilitiesGrp/BOYAmt05000
IRS990/TotalLiabilitiesGrp/EOYAmt036852
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt019876
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0125963
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt042695
IRS990/TotalReportableCompFromOrgAmt063000
IRS990/TotalRevenueGrp/ExclusionAmt0-196255
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0652
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0296082
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0575
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024876
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0162815
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01881
IRS990/TravelGrp/TotalAmt01881
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt019876
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0125963
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.sealfuturefund.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul Polakowski III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06464792294
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Seal Future Fund Inc
ReturnHeader/Filer/BusinessNameControlTxt0SEAL
ReturnHeader/Filer/EIN0460565393
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 E 14th St
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010003
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0972E0BA302185793E40C2E115CF883275C7661FD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0972E0BA302185793E40C2E115CF883275C7661FD
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId03046912017338wdjnahd
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-12-04
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.183.162.76
ReturnHeader/FilingSecurityInformation/IPDt02017-12-04
ReturnHeader/FilingSecurityInformation/IPTm019:15:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274407087
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Chehov & Associates Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010755 Scripps Poway Pkwy Ste 199
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Diego
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092131
ReturnHeader/PreparerPersonGrp/PhoneNum06193098486
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David A Yoshida
ReturnHeader/ReturnTs02017-12-04T19:14:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$162,815
Liabilities
$36,852
Net assets
$125,963
Revenue
$296,082
Expenses
$189,996
Net income
$106,086
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.10$1.96$3.60$3.45$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.05$1.36$2.36$3.22$0.86
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.02$2.27$3.65$1.93$1.72
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.03$0.37$0.93$1.00$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.02$0.44$0.62$0.72$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.04$0.54$0.90$0.48$0.42
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.04$0.13$0.30$0.19$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.02$0.15$0.21$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.06$0.07$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.08$0.01$0.07
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits