SeaLegacy Foundation Inc

EIN: 883386612 501(c)(3)

Royal Palm Beach, FL

Total Revenue
$1,259,763
Total Expenses
$2,089,473
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
FL
Principal Officer
Ryan Kissick
Phone
5613868606
Tax Period
2024-01-01 to 2024-12-31

SeaLegacy Foundation Inc, founded in 2022, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 66% operating deficit.

Mission

To inspire people to fall in love with the ocean, amplify a network of changemakers around the world, and catalyze hands-on diplomacy through hopeful, world-class visual storytelling.

Program Service Accomplishments

Program 1
Expenses: $947,620

Produced three (3) episodes of A Sea of Hope, spotlighting some of the world's most important conservation opportunities that are being championed by ou co-founders and transformative front-line...

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Produced three (3) episodes of A Sea of Hope, spotlighting some of the world's most important conservation opportunities that are being championed by ou co-founders and transformative front-line partners. These impact campaigns include:Aotearoa New Zealand: The Beauty and The Barrens, a focus on NZ's 30X30 opportunityProtecting the Reef Documenting the bleaching of Australia's Great Barrier ReefProtecting the Bight Documenting Australia's Southern Right WhaleLeveraging world-class content to expand the audience: In addition to our popular A Sea of Hope impact campaign series, Sealegacy also produced three episodes of educational 'gateway' content published under our Marine Museum portfolio. These episodes included:Marine Museum: Underwater Swim with Giant Mantas Marine Museum: Coral Reef AdventureMarine Museum: Underwater Journey - Humpback WhalesAdvancing our focus on content management a comprehensive content organizational plan was approved to allow for seamless access to content. This process will revolutionize the operational work flows internally (driving down costs for staff, increasing efficiencies) and will help to make content easily accessible for external partners and campaigns. Additional workflow improvements for this process include:Remote access to contentAbility to upload, download, clean, and catalog in-real-timeIncreased connectivity and access for other teams (i.e. marketing, partnerships, development)Reduction of hours needed to produce campaignsIncrease of team member work-flow satisfactionIn 2024 we launched a comprehensive expedition and pre-production strategic planning initiative to better connect our scientific field work and content collection to our programmatic impact, and to the impact of our partners in key regions where we shared a joint mission to increase conservation impact. In addition to the expedition planning briefs, we welcomed the production team into the expedition framework so we could optimize pre-production, optimize field staff, and layer in important top-side support to our co-founders and partners.

Program 2
Expenses: $291,575

Our content created Billions of engagements, and 1st time opportunities to grow our audience Through world class campaigns and significant amplification from our co-founders. This amplification and...

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Our content created Billions of engagements, and 1st time opportunities to grow our audience Through world class campaigns and significant amplification from our co-founders. This amplification and distribution generated valuable world-class earned media and significant fundraising.We further activated our campaigns by creating ocean explainers that provided a wealth of scientific and conservation insights to our audiences. These distribution amplifiers created by Sealegacy include:Ocean SchoolOcean Insight Explainers

Program 3
Expenses: $218,680

SeaLegacy partnered with some of the world's leading ocean conservation funders and partners to create campaigns designed to educate the general population and elected officials with a goal of...

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SeaLegacy partnered with some of the world's leading ocean conservation funders and partners to create campaigns designed to educate the general population and elected officials with a goal of significantly growing marine protected areas (MPA)s. MPAs help to rewild our ocean, protect front-line communities, and maintain the ocean's overall resilience.SeaLegacy was the communication agency of record to help the Dominican Republic (DR) announce their momentous 30x30 protections the first in the Caribbean. This campaign was also created in partnership with the DR and key conservation funding partners. It was also a center-point for the 2024 Our Ocean Greece conference. Sealegacy was able to broadly distribute this campaign to a large global general population and was also able to use this campaign as an ocean diplomacy tool, to encourage other potential blue leaders to take the leap into 30x30 for their countries, and follow in the footsteps of the DR. A link to the campaign

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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 $1,023,763
Program Service Revenue $236,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,259,763

Expense Breakdown

Grants Paid $155,015
Salaries & Benefits $753,794
Fundraising Expenses $90,650
Program Expenses $1,457,875
Other Expenses $1,180,664
TOTAL EXPENSES $2,089,473

Year-over-Year Comparison

2024 2023 Change
Revenue $1,259,763 $2,318,690 -0.5%
Expenses $2,089,473 $2,372,153 -0.1%
Net Income $-829,710 $-53,463 +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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Governance

Voting Members
5
Independent Members
5
Employees
6
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Ryan Kissick Board Chairman 3.00
Officer Director
$0 $0 $0
Jon McCormack Treasurer 3.00
Officer Director
$0 $0 $0
Carolina Manhusen Secretary 3.00
Officer Director
$0 $0 $0
James A Cooper Director 3.00
Director
$0 $0 $0
Julia Jackson Director 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
2024 $1,259,763 $2,089,473 No data $-829,710
2023 $2,318,690 $2,372,153 $1,492,747 $-53,463
2022 $1,326,487 $443,314 $1,095,426 $883,173
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