STAR OF THE SEA FOUNDATION INC

EIN: 300496670 501(c)(3) Health Care

KEY WEST, FL

Total Revenue
$4,356,403
Total Expenses
$4,545,895
Total Assets
$5,882,169
Net Assets
$3,945,610
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
FL
Principal Officer
MORGAN TRACEY
Phone
4107038212
Tax Period
2024-01-01 to 2024-12-31

STAR OF THE SEA FOUNDATION INC, founded in 2008, is a community nonprofit in the Health Care sector that reported $4.4M in total revenue in fiscal year 2024.

Mission

The Organization provides goods and services to the indigent and underprivilidged residents of Key West. The services are provided with respect and compassion with no costs to the individuals served.

Program Service Accomplishments

Program 1
Expenses: $4,279,136

Star of the Sea Foundation (SOS) distributes Food, clothing and household items and Services to the indigent and underprivileged residents of the Florida Keys. Our emphasis is on food. Our services...

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Star of the Sea Foundation (SOS) distributes Food, clothing and household items and Services to the indigent and underprivileged residents of the Florida Keys. Our emphasis is on food. Our services include providing access and information about applying for food stamps, temporary cash assistance, Medicaid and other services as needed and appropriate.In 2024, over 200 volunteers contributed a total of 24,420 hours to help us achieve our mission. 1.6 million pounds of food was donated to or purchased by SOS and redistributed to residents of Monroe County who were in need. During 2024, over 11,000 residents were served by our food pantries in Key West and Key Largo. Produce makes up 50% of the food distributed. In addition our community kitchen prepared meals for kids, adults and seniors. By pairing health-focused initiatives, like cooking education opportunities with the availability of healthy foods, our food pantries improve food security for thousands of Monroe County residents. 89,265 meals were prepared at SOS's Callahan Community Kitchen - an increase of 23% over prior year.With over half of Monroe County, Florida residents struggling with the cost of living and lack of affordable housing, SOS Foundation steps in to ensure that all families or individuals have the food support they need so they can concentrate on other aspects of life that will help them reach their goal of lifting out of poverty. We provide healthy food access along with nutrition education that benefits the health of our entire community. 40% of the food in the United States never reaches the dinner table and enters the waste stream to decompose. Utilizing food that would otherwise be wasted is the most efficient way to address the epidemic of hunger facing our community. Since 2006, the Star of the Sea Foundation has been recovering perfectly edible food from South Florida Farmers as well as local businesses and groceries, and redirecting it to our neighbors' dinner tables. Any food that can't be recovered for human consumption is given to the Monroe County Sheriff's Office Animal Farm for animal feed.In 2023, SOS launched the Eco Farm at the MARC House.With 60 Tower Gardens capableof producing thousands of pounds of produce each year, the SOS Eco Farm will provide our community with a sustainable stream of fresh, healthy fruits, vegetables, and herbs at our food pantries and in our meals programs. The SOS Eco Farm is maintained by SOS Staff and MARC House staff and clients, and it is open for the community to visit and learn.2023 also marked the launch of our Hands-On Childrens Cooking Classes. These interactive classes taught children important topics regarding nutrition and basiccooking skills. We are grateful to the many local chefs who helped lead these community classes.SOS was awarded the USDA's prestigious Farm to School Grant for the 2022-2023 school year and for summer sessions at the local Boys and Girls Club chapters. With the support of private foundations and generous individuals, SOS continued this curriculum through Fall 2023. The program consists of 16 weekly nutrition and agricultural education lessons at three Title One schools in Monroe County,school-wide taste-testing events, engaging field trips to Keys farms, and the use of local food items! In 2024, SOS expanded the educational outreach with new series of programs for cooking skills and modified version of the Smart Sprouts program at Montessori School and a Shop Smart, Save Big 5 week course.In June 2023, SOS began preparing and distributing freshly prepared, then frozen meals for children in the Summer Food Service Program (SFSP) and for low-income, homebound senior citizens. This new equipment and methodology will help SOS increase healthy food access for more people in need than ever before.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,236,185
Program Service Revenue $60,411
Investment Income $22,476
Other Revenue $37,331
TOTAL REVENUE $4,356,403

Expense Breakdown

Grants Paid $3,344,218
Salaries & Benefits $708,989
Fundraising Expenses $84,435
Program Expenses $4,279,136
Other Expenses $492,688
TOTAL EXPENSES $4,545,895

Year-over-Year Comparison

2024 2023 Change
Revenue $4,356,403 $4,161,019 +0.0%
Expenses $4,545,895 $3,983,954 +0.1%
Net Income $-189,492 $177,065 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
24
Volunteers
179

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$110,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Morgan Tracey-Barber Executive Dir. 40.00
Officer
$110,000 $0 $110,000
Doria Goodrich President 2.00
Officer Director
$0 $0 $0
Patricia Nossov Treasurer 10.00
Officer Director
$0 $0 $0
Erica Hughes-Sterling Secretary 2.00
Officer Director
$0 $0 $0
Thomas M Callahan Director/CEO 35.00
Officer Director
$0 $0 $0
Ginny Stones Director 35.00
Director
$0 $0 $0
John Baker Director 1.00
Director
$0 $0 $0
Nathan Eden Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,356,403 $4,545,895 $5,882,169 $-189,492
2023 No data No data No data No data
2022 $3,270,618 $3,508,974 $5,941,120 $-238,356
2021 $4,147,485 $4,213,915 $6,163,568 $-66,430
2020 $7,054,515 $5,667,724 $6,058,328 $1,386,791
2020 $7,202,486 $5,667,724 $6,238,605 $1,534,762
2019 $4,140,049 $4,134,866 $2,543,023 $5,183
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