SEA LEG FOUNDATION

EIN: 811659154 501(c)(3) Environment

LINCOLN, DE

Total Revenue
$370,946
Total Expenses
$348,052
Total Assets
$54,631
Net Assets
$54,631
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
ZACHARY KING
Phone
3028410963
Tax Period
2023-01-01 to 2023-12-31

SEA LEG FOUNDATION, founded in 2016, is a small nonprofit in the Environment sector that reported $371K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $348K left a modest 6% surplus.

Mission

TO SUPPORT OUR COMMUNITIES OF SUSSEX AND KENT COUNTIES OF DELAWARE BY PROVIDING ASSISTANCE TO FAMILIES AND GROUPS IN NEED. WE PRIORIZE MILITARY FAMILIES, FIRST RESPONDERS AND THOSE WHO ARE ACTIVE AND SUPPORT/SERVICE OUR COMMUNITIES (TEACHERS, NURSES, FIREFIGHTERS, POLICE OFFICERS, ETC., AND THEIR SUPPORTING STAFFS).

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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 $1,432
Program Service Revenue $369,514
Investment Income $0
Other Revenue $0
TOTAL REVENUE $370,946

Expense Breakdown

Grants Paid $6,164
Salaries & Benefits $1,254
Fundraising Expenses $299,037
Program Expenses $6,164
Other Expenses $340,634
TOTAL EXPENSES $348,052

Year-over-Year Comparison

2023 2022 Change
Revenue $370,946 $322,723 +0.1%
Expenses $348,052 $302,283 +0.2%
Net Income $22,894 $20,440 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZACHARY KING President 4.00
Director
$0 $0 $0
MARISSA KING Treasurer 3.00
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 $370,946 $348,052 $54,631 $22,894
2022 $322,723 $302,283 $31,737 $20,440
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