SEASIDE SUSTAINABILITY INC

EIN: 474993870 501(c)(3) Environment

GLOUCESTER, MA

Total Revenue
$132,364
Total Expenses
$462,412
Total Assets
$55,179
Net Assets
$20,079
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
ERIC MAGERS
Phone
9783813302
Tax Period
2023-01-01 to 2023-12-31

SEASIDE SUSTAINABILITY INC, founded in 2015, is a small nonprofit in the Environment sector that reported $132K in total revenue in fiscal year 2023. Expenses of $462K exceeded revenue, resulting in a 249% operating deficit.

Mission

TO PRESERVE AND PROTECT THE WORLD'S OCEANS, SEAS, WETLANDS, AND ESTUARIES BY MOTIVATING CITIZENS TO EVALUATE THE CRITICAL ISSUES FACING THE WATER ENVIRONMENT, EDUCATING THE PUBLIC ON BEST PRACTICES FOR SUSTAINABILITY, AND PROVIDING GUIDANCE FOR TAKING EFFECTIVE ACTION.

Program Service Accomplishments

Program 1
Expenses: $34,396

SEASIDE EDUCATION ADVENTURE (SEA) INCORPORATES MARINE ECOLOGY THEMES INTO HANDS-ON INVESTIGATIONS DESIGNED TO EXPOSE LOCAL YOUTH TO THE SHORT AND LONG TERM EFFECTS OF A VARIETY OF OCEAN THREATS...

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SEASIDE EDUCATION ADVENTURE (SEA) INCORPORATES MARINE ECOLOGY THEMES INTO HANDS-ON INVESTIGATIONS DESIGNED TO EXPOSE LOCAL YOUTH TO THE SHORT AND LONG TERM EFFECTS OF A VARIETY OF OCEAN THREATS. THESE BOAT-BASED INQUIRIES TAKE PARTICIPANTS OUT ONTO THE WATER TO EXPLORE TOPICS IN OCEANOGRAPHY, MARINE STEWARDSHIP AND ECOSYSTEM BALANCE.

Program 2
Expenses: $336,149

THE SCIENCE DIVISION AIMS TO ILLUMINATE AND ADDRESS MARINE ENVIRONMENTAL ISSUES THROUGH YOUTH-DRIVEN RESEARCH AND ACTION. OUR LOCAL INTERNS, ACTION TEAM MEMBERS, AND BOARD MEMBERS ACTIVELY CLEAN OUR...

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THE SCIENCE DIVISION AIMS TO ILLUMINATE AND ADDRESS MARINE ENVIRONMENTAL ISSUES THROUGH YOUTH-DRIVEN RESEARCH AND ACTION. OUR LOCAL INTERNS, ACTION TEAM MEMBERS, AND BOARD MEMBERS ACTIVELY CLEAN OUR OCEANS AND SHORELINES AND PERFORM A MULTITUDE OF OTHER RESEARCH TASKS, SUCH AS INVASIVE GREEN CRAB MITIGATION, AND MUDFLAT ACIDIFICATION TESTING.SEASIDE SUSTAINABILITY PARTNERED WITH BLACK EARTH COMPOST, LLC TO DEVELOP THE NORTH SHORE REGIONAL COMPOST FACILITY IN MANCHESTER-BY-THE-SEA ON THE FORMER LANDFILL TO REDUCE THE ENVIRONMENTAL IMPACT OF FOOD WASTE ON THE NORTH SHORE OF MASSACHUSETTS.

Program 3
Expenses: $13,758

OUR LEGISLATURE DIVISION WORKS WITH LOCAL CITIES AND GOVERNMENT OFFICIALS TO ENACT LEGISLATION TO REDUCE THE USE OF SINGLE-USE PLASTIC ITEMS, WHICH NEGATIVELY IMPACTS OUR ENVIRONMENT, HEALTH AND...

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OUR LEGISLATURE DIVISION WORKS WITH LOCAL CITIES AND GOVERNMENT OFFICIALS TO ENACT LEGISLATION TO REDUCE THE USE OF SINGLE-USE PLASTIC ITEMS, WHICH NEGATIVELY IMPACTS OUR ENVIRONMENT, HEALTH AND OCEANS. WE ACT AS A LIAISON BETWEEN COMMUNITIES, CITIES, AND TOWNS TO PRESERVE THE NATURAL BEAUTY OF OUR HOME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $131,945
Program Service Revenue $0
Investment Income $419
Other Revenue $0
TOTAL REVENUE $132,364

Expense Breakdown

Grants Paid $315,511
Salaries & Benefits $71,310
Fundraising Expenses $18,471
Program Expenses $384,303
Other Expenses $75,591
TOTAL EXPENSES $462,412

Year-over-Year Comparison

2023 2022 Change
Revenue $132,364 $126,714 +0.0%
Expenses $462,412 $148,034 +2.1%
Net Income $-330,048 $-21,320 +14.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
1
Volunteers
N/A

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
1
$0
Total Directors
4
$65,631
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC MAGERS EXECUTIVE DIRECTOR 40.00
Director
$65,631 $0 $65,631
RON MAGERS DIRECTOR 2.00
Director
$0 $0 $0
LAWRENCE PIHL TREASURER & CLERK 2.00
Officer Director
$0 $0 $0
JESSE DEBENEDICTIS 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
2023 $132,364 $462,412 $55,179 $-330,048
2022 $126,714 $148,034 $381,908 $-21,320
2021 $101,062 $54,482 $381,870 $46,580
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