SEAPOINTE COLLEGE

EIN: 921349881 501(c)(3) Education

NORFOLK, VA

Total Revenue
$215,237
Total Expenses
$158,168
Total Assets
$76,375
Net Assets
$63,259
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
VA
Principal Officer
SARAH HUMMEL
Phone
7577771438
Tax Period
2023-01-01 to 2023-12-31

SEAPOINTE COLLEGE, founded in 2022, is a small nonprofit in the Education sector that reported $215K in total revenue in fiscal year 2023. The organization ran a surplus of $57K, a strong 27% operating margin.

Mission

SEAPOINTE COLLEGE WAS FOUNDED TO EDUCATE PEOPLE OF FAITH THROUGH A BIBLICAL APPROACH TO ACADEMIC EXCELLENCE, DISCIPLESHIP, AND COMMUNITY COLLABORATION THAT WILL EQUIP THEM TO POSITIVELY IMPACT THEIR COMMUNITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $147,809
Program Service Revenue $61,981
Investment Income $0
Other Revenue $5,447
TOTAL REVENUE $215,237

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $75,765
Fundraising Expenses $10,795
Program Expenses $131,177
Other Expenses $32,403
TOTAL EXPENSES $158,168

Year-over-Year Comparison

2023 2022 Change
Revenue $215,237 N/A N/A
Expenses $158,168 N/A N/A
Net Income $57,069 N/A N/A
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
8
Independent Members
8
Employees
2
Volunteers
44

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WANELLE ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
DEVON CHANDLER TREASURER 1.00
Officer Director
$0 $0 $0
ERIC MAJETTE DIRECTOR 1.00
Director
$0 $0 $0
CONNIE MEYER DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER B SHUPERT CHAIRMAN 1.00
Officer Director
$0 $0 $0
ROBERT SLOWIK SECRETARY 1.00
Officer Director
$0 $0 $0
DANA WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
KURT WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
SARAH HUMMEL PRESIDENT 40.00
Officer
$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 No data No data No data No data
2023 $215,237 $158,168 $76,375 $57,069
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