Pangeaseed Foundation FY2022 filing

Tax-deductible

Keaau, HI501(c)(3)EnvironmentEIN 47-2605555Revenue $795K in FY2022

On file with the IRSpangeaseed.foundation15-875 Lemiwai Rd, 96749-5006 · Keaau, HITax-exempt since Feb 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Pangeaseed foundation's mission is to empower individuals and communities to create meaningful environmental change for oceans through science, education, and artivism.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $6K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$59K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$795K
+105% vs prior year
Spent
$641K
To programs
79%
Net assets
$379K
By yearFY2019–FY2024
Revenue
$795K
FY2022▲ +105%
Tap a bar for its year
Revenue by fiscal year
FY2019$350K
FY2020$388K
FY2022$795K
FY2023$320K
FY2024$193K
Expenses
$641K
FY2022▲ +126%
Tap a bar for its year
Expenses by fiscal year
FY2019$299K
FY2020$284K
FY2022$641K
FY2023$535K
FY2024$320K
Net assets
$379K
FY2022▲ +76%
Tap a bar for its year
Net assets by fiscal year
FY2019$111K
FY2020$216K
FY2022$379K
FY2023$164K
FY2024$37K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $508K Management & general 17% · $106K Fundraising 4% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$60,000Pt VII · Sec A
Secretary & Director of Operations
$60,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Archie Packard’s $70K as Executive Director is at the 51st percentile of top reported officer pay among 1989 $100K–1M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020FY2019
Archie Packard$70,000$70,000$60,000$45,000$37,125
Akira Biondo$70,000$70,000$60,000$45,000$31,875

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers communities for ocean environmental change through science, education, and art.

Questions for Pangeaseed Foundation

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Provided by the organization

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3 programs · $387K · in their own filed words · FY2022
01

Sea Walls

Artists for oceans is pangeaseed foundation's public art program that brings the ocean into streets across the world through large-scale, public, educational murals that address pressing marine environmental issues.

$191Kprogram expense
02

Printed oceans is pangeaseed foundation's fine art print program that raises awareness and educates about pressing marine environmental issues through the lens of some of today's most respected creative minds.

$161Kprogram expense
03

Oceaneers is pangeaseed foundation's sea change book program aims to inspire the next generation of ocean stewards through science-based instruction that is infused with creative problem-solving and artistic influence.

$36Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$795K
Ln 12
Gifts and grantsLn 1h$574K
Other incomeLn 4–11$220K
Money outPt IX
$641K
Ln 25
Programscol B$508K
Managementcol C$106K
Fundraisingcol D$27K
Owns and owesPt X
$379K
net assets · Ln 32
Cash and savingsLn 1–2$434K
Total assetsLn 16$438K
LiabilitiesLn 26$59K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$574K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$220K
Total revenueLn 12$795K
Assets in detailPt X, end of year
CashLn 1$434K
Cash and savings togetherLn 1–2$434K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$438K
LiabilitiesLn 26$59K
Net assetsLn 32$379K
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$385K$434K
Land, buildings, equipmentLn 10c$0$4K
Total assetsLn 16$385K$438K
LiabilitiesLn 26$13K$59K
Net assetsLn 32$371K$379K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$120K$62K$34K$23K
Other salaries and wagesLn 7$5K$3K$2K$1K
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$12K$6K$3K$2K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$215K$210K$5K
Advertising and promotionLn 12$34K$20K$14K
Office expensesLn 13$78K$77K$2K
Information technologyLn 14$41K$37K$4K
OccupancyLn 16$7K$3K$4K
TravelLn 17$84K$83K$1K
Depreciation, depletion and amortizationLn 22$625$87$538
InsuranceLn 23$5K$2K$3K
Other expenses (24a–d)Ln 24$13K$5K$8K$0
Total functional expensesLn 25$641K$508K$106K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $193K$320K−$127K$37K 990 PDF
FY2023 $320K$535K−$215K$164K 990 PDF
FY2022 Viewing $795K$641K$154K$379K 990 PDF
FY2021 Not on file
FY2020 $388K$284K$105K$216K 990 PDF
FY2019 $350K$299K$51K$111K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $794,784 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $616,435$574,314
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $196,178$220,470
I-12 Total revenuePrior year $812,613$794,784
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $127,833$154,618
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $529,308$485,901
I-18 Total expensesPrior year $657,141$640,519
I-19 Revenue less expensesPrior year $155,472$154,265
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $794,784 across 9 lines filed
Lines not itemized here account for $220,470 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$574,314
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$574,314
VIII-12 Total revenueRelated to mission $220,470 · Unrelated business $0 · Excluded from tax $0$794,784
Part IX · Statement of functional expenses $640,519 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $62,301 · Management $34,466 · Fundraising $23,233$120,000
IX-7 Other salaries and wagesPrograms $2,772 · Management $1,534 · Fundraising $1,034$5,340
IX-9 Other employee benefitsManagement $17,513$17,513
IX-10 Payroll taxesPrograms $6,108 · Management $3,379 · Fundraising $2,278$11,765
IX-11c Accounting feesManagement $8,019$8,019
IX-11g Other fees for servicesPrograms $209,879 · Management $4,792$214,671
IX-12 Advertising and promotionPrograms $20,074 · Management $13,754$33,828
IX-13 Office expensesPrograms $76,674 · Management $1,698$78,372
IX-14 Information technologyPrograms $36,667 · Management $4,119$40,786
IX-16 OccupancyPrograms $3,311 · Management $3,867$7,178
IX-17 TravelPrograms $82,526 · Management $1,496$84,022
IX-22 Depreciation, depletion and amortizationPrograms $87 · Management $538$625
IX-23 InsurancePrograms $2,099 · Management $2,843$4,942
IX-24 Other expenses (24a–d)Programs $5,115 · Management $8,343 · Fundraising $0$13,458
IX-25 Total functional expensesPrograms $507,613 · Management $106,361 · Fundraising $26,545$640,519
Part X · Balance sheet $438,021 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $384,556$434,382
X-10c Land, buildings and equipment, netStart of year $0$3,639
X-16 Total assetsStart of year $384,556$438,021
X-17 Accounts payable and accrued expensesStart of year $13,461$59,361
X-26 Total liabilitiesStart of year $13,461$59,361
X-27 Net assets without donor restrictionsStart of year $371,095$378,660
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $371,095$378,660
X-33 Total liabilities and net assetsStart of year $384,556$438,021
Part XI · Reconciliation of net assets $378,660 net assets at year end
XI-1 Total revenue$794,784
XI-2 Total expenses$640,519
XI-3 Revenue less expenses$154,265
XI-4 Net assets at start of year$371,095
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$146,700
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$378,660

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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