SeaVuria

EIN: 454256299 501(c)(3) Education

Mercer Island, WA

Total Revenue
$388,093
Total Expenses
$258,924
Total Assets
$301,111
Net Assets
$301,111
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
WA
Principal Officer
MaryMargaret Welch
Phone
2063558126
Tax Period
2024-01-01 to 2024-12-31

SeaVuria, founded in 2011, is a small nonprofit in the Education sector that reported $388K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 33% operating margin.

Mission

To make a difference in the lives of students in Kenya and the United States (Seattle, WA and surrounding area) through STEM (Science, Technology, Engineering, Math) opportunities that inspire them to be global citizens.

Program Service Accomplishments

Program 1
Expenses: $232,674 Revenue: $68,283

SeaVuria believes in a future where every student, regardless of gender or location, has access to cutting-edge technology and a robust STEM education. The organization's long-term goal is to nurture...

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SeaVuria believes in a future where every student, regardless of gender or location, has access to cutting-edge technology and a robust STEM education. The organization's long-term goal is to nurture a generation of learners who are equipped to lead, innovate, and contribute to the sustainable development of their communities and beyond. Some of the accomplishments of 2024 were: supporting 116 students with direct scholarships and serving over 4500 students through wrap-around services including mentorship sessions, access to technology, and science project support; providing extensive professional development programs, mentorship, and resource provisioning for 95 teachers across 10 schools; and connecting all 10 of the participating partner schools to the internet and deploying over 150 devices to these schools.

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Trantor Score

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 $319,810
Program Service Revenue $68,283
Investment Income $0
Other Revenue $0
TOTAL REVENUE $388,093

Expense Breakdown

Grants Paid $88,653
Salaries & Benefits $0
Fundraising Expenses $11,541
Program Expenses $232,674
Other Expenses $170,271
TOTAL EXPENSES $258,924

Year-over-Year Comparison

2024 2023 Change
Revenue $388,093 $211,073 +0.8%
Expenses $258,924 $146,671 +0.8%
Net Income $129,169 $64,402 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
60

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MaryMargaret Welch President and Executive Director 46.00
Officer Director
$0 $0 $0
Pam Kraus Treasurer 4
Officer Director
$0 $0 $0
Judith Ginn Secretary 4
Officer Director
$0 $0 $0
Beth Fritzler Director and Finance Chair 4
Director
$0 $0 $0
Matthew Reardon Director 4
Director
$0 $0 $0
Jeanne Chowning Director 4
Director
$0 $0 $0
Kimberly Frank Director 4
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 $388,093 $258,924 $301,111 $129,169
2023 $211,073 $146,671 $171,942 $64,402
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