Civic Intelligence

Seacology

EIN 87-0495235 • 501(c)3 • Berkeley, CA

Profile

Seacology protects the threatened species and habitats of the worlds islands by working directly with local people to both conserve their natural resources and improve their quality of life.

1623 Solano AvenueBerkeley, CA 94707

www.seacology.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.12x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

18th percentile

-10%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$328,743

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

30th percentile

-1.1%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-38%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$12,559,203

Down $140,466 (-1.1%) from 2023

Liabilities

Down

$337,281

Down $5,356 (-1.6%) from 2023

Net Assets

Down

$12,221,922

Down $135,110 (-1.1%) from 2023

Revenue

Down

$2,852,831

Down $1,746,717 (-38%) from 2023

Expenses

Down

$3,140,957

Down $18,334 (-0.6%) from 2023

Net Income

Down

-$288,126

Down $1,728,383 (-120%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $2,968,690Liabilities 2011: $71,446Net Assets 2011: $2,897,2442011Assets 2012: $2,896,828Liabilities 2012: $75,525Net Assets 2012: $2,821,3032012Assets 2013: $3,280,642Liabilities 2013: $122,742Net Assets 2013: $3,157,9002013Assets 2014: $3,899,706Liabilities 2014: $63,312Net Assets 2014: $3,836,3942014Assets 2015: $7,288,481Liabilities 2015: $72,105Net Assets 2015: $7,216,3762015Assets 2016: $8,117,364Liabilities 2016: $34,004Net Assets 2016: $8,083,3602016Assets 2017: $8,440,172Liabilities 2017: $79,629Net Assets 2017: $8,360,5432017Assets 2018: $7,062,811Liabilities 2018: $70,144Net Assets 2018: $6,992,6672018Assets 2019: $8,011,031Liabilities 2019: $77,724Net Assets 2019: $7,933,3072019Assets 2020: $9,816,635Liabilities 2020: $96,052Net Assets 2020: $9,720,5832020Assets 2021: $10,971,501Liabilities 2021: $143,166Net Assets 2021: $10,828,3352021Assets 2022: $10,148,588Liabilities 2022: $427,195Net Assets 2022: $9,721,3932022Assets 2023: $12,699,669Liabilities 2023: $342,637Net Assets 2023: $12,357,0322023Assets 2024: $12,559,203Liabilities 2024: $337,281Net Assets 2024: $12,221,9222024

Highlighted filing

2024

Assets$12,559,203
Liabilities$337,281
Net Assets$12,221,922

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,561,114Expenses 2011: $1,520,290Net Income 2011: $40,8242011Revenue 2012: $1,426,869Expenses 2012: $1,596,660Net Income 2012: -$169,7912012Revenue 2013: $1,784,331Expenses 2013: $1,492,483Net Income 2013: $291,8482013Revenue 2014: $2,433,970Expenses 2014: $1,656,772Net Income 2014: $777,1982014Revenue 2015: $5,656,024Expenses 2015: $2,097,557Net Income 2015: $3,558,4672015Revenue 2016: $3,212,004Expenses 2016: $2,361,037Net Income 2016: $850,9672016Revenue 2017: $3,089,494Expenses 2017: $2,817,397Net Income 2017: $272,0972017Revenue 2018: $2,262,258Expenses 2018: $3,082,216Net Income 2018: -$819,9582018Revenue 2019: $2,606,916Expenses 2019: $2,596,410Net Income 2019: $10,5062019Revenue 2020: $3,266,402Expenses 2020: $2,331,008Net Income 2020: $935,3942020Revenue 2021: $3,747,320Expenses 2021: $2,650,959Net Income 2021: $1,096,3612021Revenue 2022: $3,256,392Expenses 2022: $2,820,441Net Income 2022: $435,9512022Revenue 2023: $4,599,548Expenses 2023: $3,159,291Net Income 2023: $1,440,2572023Revenue 2024: $2,852,831Expenses 2024: $3,140,957Net Income 2024: -$288,1262024

Highlighted filing

2024

Revenue$2,852,831
Expenses$3,140,957
Net Income-$288,126

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.34$12.2$2.85$3.14$0.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$0.34$12.4$4.60$3.16$1.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.43$9.72$3.26$2.82$0.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$0.14$10.8$3.75$2.65$1.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.82$0.10$9.72$3.27$2.33$0.94
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.01$0.08$7.93$2.61$2.60$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.06$0.07$6.99$2.26$3.08$0.82
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.44$0.08$8.36$3.09$2.82$0.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.12$0.03$8.08$3.21$2.36$0.85
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.29$0.07$7.22$5.66$2.10$3.56
2014Detailed filing. Detailed filing data is available for this year.$3.90$0.06$3.84$2.43$1.66$0.78
2013Summary only. Only limited summary data is available for this year.$3.28$0.12$3.16$1.78$1.49$0.29
2012Summary only. Only limited summary data is available for this year.$2.90$0.08$2.82$1.43$1.60$0.17
2011Summary only. Only limited summary data is available for this year.$2.97$0.07$2.90$1.56$1.52$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 10, 2025
Return Version
2024v5.2
Gross Receipts
$3,680,091
Mission and Program Overview

Mission

Seacology protects the threatened species and habitats of the worlds islands by working directly with local people to both conserve their natural resources and improve their quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,411,101$8,052,465▼ $358,636
Savings and Temporary Cash Investments$1,689,449$2,361,023▲ $671,574
Pledges and Grants Receivable$1,552,805$1,091,940▼ $460,865
Cash and Non-Interest-Bearing Accounts$736,275$756,912▲ $20,637
Prepaid Expenses and Deferred Charges$102,850$129,520▲ $26,670
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$12,699,669$12,559,203▼ $140,466
Other Assets Total$207,189$167,343▼ $39,846
Liabilities
Other Liabilities$212,042$174,698▼ $37,344
Accounts Payable and Accrued Expenses$130,595$162,583▲ $31,988
Total Liabilities$342,637$337,281▼ $5,356
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,566,766$9,106,821▲ $540,055
Net Assets With Donor Restrictions$3,790,266$3,115,101▼ $675,165
Total Net Assets Fund Balance$12,357,032$12,221,922▼ $135,110
Total Liabilities and Net Assets / Fund Balance$12,699,669$12,559,203▼ $140,466

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$24,459$24,459
Leasehold Improvements-$20,782$20,782
Equipment-$7,963$7,963

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,445,926$12,800▲ $429,647-$4,758,538
2023$3,829,680-▲ $741,812-$4,445,926
2022$4,256,348$272,327▼ $698,995-$3,829,680
2021$3,907,092-▲ $459,445-$4,256,348
2020$3,433,143-▲ $582,617-$3,907,092
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Duane SilversteinExecutive DirectorFT$256,258$72,485$328,743
Karen PetersonSr Mgr Spec. Init.FT$113,342$41,466$154,808
Erin CoyneInst. Giving Off.FT$106,347$39,350$145,697
Kevin ClaassenAcct. Mgr.FT$116,119$21,391$137,510

Board Members and Trustees

NameTitle
Paul CoxChairman
Douglas HerstPresident
Ken MurdockVice Chair
Kimberly Myers HewlettVice President
Kristin ReedVice President
Sandie TillotsonVice President
David HollandDirector
Jake WalkerDirector
Karen YarkinDirector
Michael StaffieriDirector
Michael WardDirector
Peter ReadDirector
Rachel DibnerDirector
Scott HalstedDirector
Scott WilsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,112,552
Program Service Revenue
$16,133
Investment Income
$721,692
Other Revenue
$2,454
All Other Contributions
$2,112,552
Change in Net Assets
$-288,126

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$51,502Fair Market Value (FMV)
Total Noncash Contributions7$51,502-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,767,335
Revenue Not Reported on Financial Statements
$85,496
Revenue Not Reported on Form 990
$262,612
Other Revenue Adjustments
$14,623
Total Revenue per Audited Statements
$3,029,947
Total Revenue per Form 990
$2,852,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,360,393
Grants and Similar Amounts Paid$1,027,648
Other Expenses$752,916
Total Fundraising Expense$440,672
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$981,717--$981,717
Other Salaries and Wages$397,858$41,437$185,208$624,503
Current Officers, Directors, Trustees, and Key Employees$276,380$68,449$27,548$372,377
Pension Plan Contributions$98,642$15,596$31,343$145,581
Other Employee Benefits$98,361$10,719$35,514$144,594
Fees for Services Other$55,493-$44,798$100,291
Travel$65,734$8,338$7,979$82,051
Payroll Taxes$49,619$7,861$15,858$73,338
Fees for Service Investment Mgmnt Fees-$70,873-$70,873
All Other Expenses$24,928$3,976$24,188$53,092
Occupancy$30,285$4,803$9,706$44,794
Grants to Domestic Orgs$43,360--$43,360
Fees for Services Accounting-$40,138-$40,138
Other Expenses$22,584-$53,518$22,584
Insurance$6,826$5,674$2,144$14,644
Office Expenses$8,752$1,313$2,868$12,933
Grants to Domestic Individuals$2,571--$2,571
Total Functional Expenses$23,460$2,090$5,151$30,701

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,165,057
Total Expenses per Form 990$3,140,957
Expenses per Audited Statements$3,055,461
Expenses Not Reported on Form 990$109,596
Expenses Not Reported on Financial Statements$85,496
Other Expense Adjustments$14,623
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Green EmpowermentPortland, OR501(c)(3)Micro-hydro Installation$26,710
Mad Dog InitiativeGreenbrier, AR501(c)(3)Primary School and Furnishings$9,650
Reef Renewal Fdn CuracaoLarchmont, NY-Reef Builders Preservation$7,000

International Summary

Employees
31
Spending
$1,272,332

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribGrantsProject Monitoring00$339,866
East Asia & the PacificGrantsProject Monitoring00$302,405
Sub-saharan AfricaGrantsProject Monitoring00$115,735
East Asia & the PacificProgram ServicesPublic Education010$105,341
South AsiaGrantsProject Monitoring00$100,538
Central AmericaProgram ServicesProject Monitoring07$80,578
South AmericaGrantsProject Monitoring00$53,545
EuropeGrants-00$42,390
Sub-saharan AfricaProgram Services-05$27,811
North AmericaGrants-00$27,238
South AmericaProgram ServicesProject Monitoring04$25,970
South AsiaProgram Services-02$18,986
EuropeProgram Services-01$15,000
EuropeProgram Services-01$10,700
North AmericaProgram Services-01$6,229
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$174,698
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 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
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, Part VI, Section B, Line 11B

THE ORGANIZATION HAS ADOPTED THE FOLLOWING POLICY:1) The draft of the Internal Revenue Service Form 990 be distributed toall members of the Seacology Board of Directors as a PDF file via email within 5 days of the deadline for submitting the Form 990 to taxing authorities (original or extended deadline); and 2) That the draft of the Internal Revenue Service Form 990 will be reviewed and approved by the Chairman of the Board, the Executive Director, and the Accounting Manager, each acting on behalf of the Board of Directors, prior to submitting the Form 990 to taxing authorities.

Form 990, Part VI, Section B, Line 12C

The following policy has been adopted by the organization: no member of the board of directors shall participate in any discussion or vote on any matter in which he or she or a member of his or her immediate family has potential conflict of interest due to having material economic involvement regarding the matter being discussed. When such a matter presents itself, the director must announce his or her potential conflict, disqualify himself or herself, and be excused from the meeting until discussion is over on the matter involved. The president of the meeting is expected to make an inquiry if such conflict appears to exist and the board member has not made it known.each member of the board of directors, employees and independent contracts (who receive more than $25,000 per year from seacology) shall annually sign a statement which affirms that such person:a. Has received a copy of the conflict of interest policy,b. Has read and understands the policy,c. Has agreed to comply with the policy,d. Disclose the existence of any potential conflicts of interest, ande. Understands seacology is a charitable organization and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.f. Seacology is concerned with conflicts of interest that create actual or potential job-related concerns, especially in the areas of confidentiality, donor relations, safety, security, and morale. If there is any actual or potential conflict of interest between you and a donor, competitor, supplier, vendor, or contractor to the organization, you must disclose it to your supervisor. If an actual or potential conflict of interest is determined to exist, the organization will take such steps as it deems necessary to reduce or eliminate this conflict.added by the executive director in september 2023:for employees and contractors (who receive more than $25,000 per year from seacology):conflicts of interest is a situation in which a person has a duty to more than one person or organization, but cannot do justice to the actual or potentially adverse interests of both parties. A conflict of interest arises where an employees personal interests or concerns or an employees immediate family members personal interests or concerns conflict (or gives the appears of a conflict) with the employers interests or concerns. Common conflicts of interest include: use of company information or equipment for personal gain. Self-dealing. Moonlighting. Receiving gifts from persons with whom the company does business. Reporting to a family member (nepotism).

Form 990, Part VI, Section B, Line 15A

The compensation committee reviews the compensation of the executive director. One compensation committee meeting is held per year.

Form 990, Part VI, Section B, Line 15B

The compensation committee reviews the compensation of officers and key employees with the exception of the accounting manager who is listed as an officer in part vii since they are the top financial employee per irs guidelines but otherwise they are not an officer of the organization. One compensation committee meeting is held per year.

Form 990, Part VI, Section C, Line 19

Financial Reports: Seacology prepares an Annual Report and distributes it to the public via email, mail, and by posting it on Seacologys website. The Annual Report contains an unaudited ending-year statement of financial activites with a note that recommends the public contact the Seacology office mid-year to obtain a copy of audited financial statements. Seacology also distributes the Internal Revenue Services form 990 to the public by posting a copy to the Seacology website.Governing documents, and conflict of interest policy: Seacology distributes policies approved by the board of directors, including the conflict of interest policy, to staff in an employee manual and/or accounting manual, to the board of directors in a board handbook, and stores these policies along with governing documents in a readily accessable area of the main office for staff to provide to the public upon request.

Filing and Contact Details

Filer

Filer Name
Seacology
EIN
87-0495235
Phone
5105593505
Address
1623 SOLANO AVENUE, BERKELEY, CA 94707

Signing Officer

Name
Duane Silverstein
Title
Executive Director
Signed
2025-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Duane Silverstein
Formed
1991
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
9
Volunteers
16

Preparer

Firm
Doran & Associates
Address
70 MITCHELL BLVD Ste 102, San Rafael, CA 94903
Preparer
Lisa Doran CPA
Phone
4154911130
Supplemental Narrative

Additional Explanations

Part III, Row 4A, Statement of Program Service Accomplishments

Seacology's 2024 projects funded a variety of community benefits in return for various protections, including: 1. Replanting and protection of 7.5-acre eroded riparian area in brazil on cotijuba island in exchange for refurbishing of community hall and agroecology help.2. Protection of 2,471 acres of mangroves for 25 years in cameroon on manoka island in exchange for drinking water supply system, solar electrification kits, and training in soap-making.3. Protection of 64 acres of habitat of rare magellanic plover and other wildlife in chile on grand tierra del fuego island.4. Protection of 49 acres of restored mangroves in dominican republic bajo yuna mangroves national park in exchange for ranger station and office for surveillance and patrol of the park.5. Protection of 288 acres of tropical forest for 15 years in indonesia near cikidang village in exchange for new kindergarten and early childhood education center; monitoring post and equipment; coffee growing materials; native tree seedlings.6. Permanent 2,487-acre marine no-take zone in marshall islands on maloelap atoll in exchange for small building at airstrip.7. Restoration and protection of 2.6 acres of coral reef in mexico on isabel island in exchange for improved livelihoods for fishers beyond protected area.8. Seagrass replanting of 20 to 30 square-meter plots in a 5-acre area in spain on mallorca island.9. Conservation of 1,236-acre forest watershed for 20 years in philippines near sitio lapat in exchange for electricity from new micro-hydro facility.10. Support for 17 miles of wildlife conservation corridors in sri lanka's central highlands in exchange for creation of 15 conservation resource rooms at local schools, support for forest guardians youth education, and awareness training.11. Protection of 2,229 acres of marine habitat for 20 years in tanzania (zanzibar) on tumbatu island in exchange for new conservation information center and mariculture training.12. Public outreach campaign to stop tourism practices that harm endangered marine turtles in dutch caribbean on curacao.13. Preservation of critical reef builders in dutch caribbean on curacao in exchange for protection of ecosystem services, enhancing best practices among restoration practitioners.14. Provide funding to operate the lanka mangrove museum for one year in sri lanka.15. Advocacy for marae moana, the world's largest marine park in cook islands in exchange for youth ambassador program to advocate for cook islands marine conservation.16. Protection of 586 acres of seagrass ecosystems for 10 years in dominican republic near las calderas bay in exchange for strengthening of mangrove beekeepers cooperative and wildlife-based tourism, community awareness.17. Restoration and protection of five acres of mangroves for 10 years; hydrological restoration of over one-half mile of mangrove channel; waste management and conservation training in el salvador on san sebastian island in exchange for environmental and waste management education and training in ecological mangrove rehabilitation, support for women's small business initiatives, fence for school sports field.18. Protection and enhancement of 136 coastal marine acres; composting; outreach on endangered turtle protection for 15 years in honduras on san carlos island in exchange for water collection and storage systems for 30 families.19. Continued protection of 300,000-acre no-take marine area in indonesia near gamta and magei villages in exchange for new kindergarten for two villages.20. Protection of 19,185 acres, including 7,230 acres of primary forest, for 15 years in madagascar near ambalaomby commune in exchange for secondary school; training and materials for coffee cultivation.21. Protection and reforestation of 2,348 acres of forest, habitat of critically endangered tortoises and lemurs, for 10 years in madagascar near villages of malaintsatroke, mahazoarivo, and ala mahevelo in exchange for gear for patrols; native plant nurseries, environme

Part III, Row 4B, Statement of Program Service Accomplishments

Mohammed kolugege served in his local government for 32 years as a field assistant in the fisheries department, teacher, and information officer. During his tenure, he passionately spread environmental awareness to people of all generations with creativity and compassion and helped to implement eco-friendly pole and line tuna fisheries throughout the lakshadweeps. He also advocatedagainst stiff resistanceto save shipwrecks off the coast of minicoy, which had been colonized by thriving corals and other sea creatures. Preserving them protects both the islands maritime heritage and its valuable marine ecosystems. The community designated these shipwreck sites as no-take areas as part of a seacology project in 2009. Today they are some of the best scuba diving sites in minicoy.in addition to his official work, mohammed kolugege has been a driving force behind the revival of the unique folk songs and dances of minicoy. A creative writer and lyricist, he has even adapted these songs to advocate for environmental protection, and they are performed in schools and at village functions across the island. Recently, a song he wrote about the mesmerizing beauty of the coral islands was released at a grand function in kavaratti, the capital of lakshadweep. He is the only person from minicoy island to have received the best folk song award from the lakshadweep sahitya kala academy.mohammed kolugege has received other accolades as well. In 2013, the indian government awarded him the indira gandhi paryavaran puraskar award for outstanding contributions in the field of environmental protection. He was also chosen to attend the iucn world conservation congress as a community leader from minicoy island to learn more about locally managed marine areas, and bring his new knowledge back to his island.since retiring from government service, mohammed kolugege has continued to serve his community as a social worker, conservationist, and musician. He collects and preserves many irreplaceable artifacts and relics from minicoy island that could have otherwise been lost. These artifacts are now safely housed in the maliku museum, which was built with financial support from seacology, and are appreciated by both visitors and community members.this prestigious recognition has made me proud and happy, mohammed kolugege said after he learned of his selection for the seacology prize. I now feel a greater responsibility for the preservation of our museums collection as well.k.g. Mohammeds advocacy for minicoys fragile ecosystems and his commitment to preserving its unique history and traditions truly reflect seacologys core values, said seacology executive director duane silverstein. This years seacology prize is a much-deserved international recognition of his tireless work, which is a model for grassroots conservation leaders around the world.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The Quasi-endowment held for operating purposes fund shall make an annual distribution to the Corporation general account for annual operating purposes in an amount to be determined by the Board, between 0% and 6% of the market value of the endowment fund on the preceding December 31. Such distribution shall be made no later than March 31 of each year. The annual distribution amount shall be initially set at 0% until the endowment fund reaches a balance of $5,000,000, at which time the annual distribution amount will be set at 4% of the moving average of the last three years total market value of the endowment fund on each December 31. An increase of the 6% maximum limit may be changed by the Board only with a dual vote per the procedures set forth below for extraordinary distributions from the endowment account. The annual distribution amount should be set by the Board within a range normally considered prudent.A separate quasi-endowment fund was established in 2016 to contribute to the Corporations long-term viability. Each year, some of these separate quasi-endowment funds will be withdrawn and deposited into the general operating account to be used for projects and operations, other than the Sri Lanka Mangrove protection program. In 2016, the amount withdrawn was $100,000, with future withdrawals to increase by CPI. Quasi-endowment Extraordinary Distributions: In order to withdraw and distribute funds from the Quasi-endowment to the general operating account in excess of the annual distribution amount established by the Board, the proposed withdrawal must be communicated to the Board members and the vote of at least 75% of the acting Board members, not just a quorum of those present, must approve the withdrawal by two separate votes at least 30 days apart. Such notice shall be given in person, or by written or electronic communication as provided in the By-Laws for the giving of notices.Amounts earned on investment returns for the Quasi-endowment Fund are released from restriction and appropriated as earned.Distributions from the Falealupo Endowment may be made from both investment principal and income. Amounts earned on investment returns for the Falealupo Endowment are appropriated as earned. Distributions from the Falealupo Endowment are made on a case-by-case basis.

Part X : FIN48 Footnote

ASC 740-10, Accounting for Uncertainty in Income Taxes - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Corporation to report information regarding its exposure to various tax positions taken by the Corporation. The Corporation has determined whether any tax positions have met the recognition threshold and has measured the Corporations exposure to those tax positions. Management believes that the Corporation has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed (four years for California). Any interest or penalties assessed to the Corporation are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Expedition expenses $14623

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Expedition expenses $14623

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07861
IRS990/PayrollTaxesGrp/ProgramServicesAmt049619
IRS990/PayrollTaxesGrp/TotalAmt073338
IRS990/PensionPlanContributionsGrp/FundraisingAmt031343
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt015596
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt098642
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IRS990/PrincipalOfficerNm0DUANE SILVERSTEIN
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ANNUAL SEACOLOGY PRIZE RECOGNIZES AN INDIGENOUS ISLANDER FOR EXCEPTIONAL ACHIEVEMENT IN PRESERVING THE ENVIRONMENT AND CULTURE OF HIS OR HER HOME COUNTRY. THE SEACOLOGY BOARD OF DIRECTORS CHOSE MOHAMMED KOLUGEGE AS THE 2024 PRIZE RECIPIENT. THE LONGTIME CONSERVATIONIST HAS DEDICATED HIS LIFE TO PROTECTING THE ENVIRONMENTAL AND CULTURAL HERITAGE OF MINICOY ISLAND IN LAKSHADWEEP, INDIA. ADDITIONAL DESCRIPTION ON SCHEDULE O.
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