FOUNDATION FOR UNDERWAY EXPERIENTIA L LEARNING INC

EIN: 814752116 501(c)(3) Education

VINEYARD HAVEN, MA

Total Revenue
$1,607,808
Total Expenses
$734,227
Total Assets
$4,263,228
Net Assets
$4,233,098
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MA
Principal Officer
SALLY WALSH
Phone
5085609237
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR UNDERWAY EXPERIENTIA L LEARNING INC, founded in 2016, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $874K, a strong 54% operating margin.

Mission

FUEL OFFERS COLLEGE CURRICULUM IN AN EXPERIMENTAL FRAMEWORK ONBOARD A WORLD-VOYAGING SAILING SHIP.

Program Service Accomplishments

Program 1
Expenses: $511,767

FUEL PROVIDES STUDENTS LIFE CHANGING JOURNEYS WHICH ALLOW THEM TO DISCOVER THEIR PERSONAL POTENTIAL THROUGH LEARNING. UPON COMPLETION OF THE PROGRAM STUDENTS WILL RECEIVE THEIR FIRST SEA SERVICE...

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FUEL PROVIDES STUDENTS LIFE CHANGING JOURNEYS WHICH ALLOW THEM TO DISCOVER THEIR PERSONAL POTENTIAL THROUGH LEARNING. UPON COMPLETION OF THE PROGRAM STUDENTS WILL RECEIVE THEIR FIRST SEA SERVICE LETTER THAT CAN BE USED TOWARDS OBTAINING A UNITED STATES COAST GUARD CAPTAINS LICENSE.

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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 $1,201,725
Program Service Revenue $400,009
Investment Income $6,074
Other Revenue $0
TOTAL REVENUE $1,607,808

Expense Breakdown

Grants Paid $0
Salaries & Benefits $376,169
Fundraising Expenses $96,959
Program Expenses $511,767
Other Expenses $358,058
TOTAL EXPENSES $734,227

Year-over-Year Comparison

2023 2022 Change
Revenue $1,607,808 $1,498,775 +0.1%
Expenses $734,227 $597,317 +0.2%
Net Income $873,581 $901,458 0.0%
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
16
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
5
$156,000
Total Directors
10
$156,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRY DICKERSON CHAIRMAN 5.00
Officer
$0 $0 $0
SALLY WALSH VICE CHAIRMA 5.00
Officer
$0 $0 $0
JOHN KEENE TREASURER 5.00
Officer
$0 $0 $0
TRACEY OVERBECK STEAD CLERK 5.00
Director
$0 $0 $0
PETER F CARR II DIRECTOR 2.00
Director
$0 $0 $0
DEREK FAIRCHILD-COPPOLETTI DIRECTOR 2.00
Director
$0 $0 $0
SALLY WALSH DIRECTOR 2.00
Director
$0 $0 $0
BRIAN BRISTOL DIRECTOR 2.00
Director
$0 $0 $0
HARRY DICKERSON DIRECTOR 2.00
Director
$0 $0 $0
JOHN KEENE DIRECTOR 2.00
Director
$0 $0 $0
TRACEY OVERBECK STEAD DIRECTOR 2.00
Director
$0 $0 $0
DANIEL IAN RIDGEWAY CO-EXEC DIRE 5.00
Officer Director
$78,000 $0 $78,000
CASEY BLUM CO-EXEC DIRE 5.00
Officer Director
$78,000 $0 $78,000
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 No data No data No data No data
2023 $1,607,808 $734,227 $4,263,228 $873,581
2022 $1,498,775 $597,317 $3,380,593 $901,458
2021 $751,966 $800,418 $2,459,430 $-48,452
2020 $2,390,950 $2,154,146 $2,323,100 $236,804
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