Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
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
2 people listed on the 990; $159K paid to officers and key staff.
Daniel Kleinman’s $80K as Founder CEO is at the 63rd 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
| Name | FY2024 | FY2023 |
|---|---|---|
| Daniel Kleinman | $80,000 | $47,385 |
| Tamara Kahn Zissman | $78,750 | — |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Fosters ocean and climate innovation through accessible education and community-building opportunities.
Questions for Seaworthy Foundation INC
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Seaworthys flagship startup program provides 12 weeks of bespoke support for both current and aspiring founders including access to Seaworthys global network resources service providers 1-on-1 support business curriculum grants support and opportunities for visibility.
Our largest annual or bi-annual event in May and or October elevating the work of Seaworthy founders participating in our latest cohort. Founders share their latest pitches and progress developed during the startup programs. The event features a distinguished keynote speaker partner spotlights and major announcements.
Seaworthys 2 month program equips students and professionals who are aspiring BlueTech founders with the knowledge skills and support needed to build an ocean impact startup. Each program occurs in partnership with universities industry associations and additional stakeholders in workforce development.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $375K | $250K |
| InvestmentsLn 11–13 | $0 | $0 |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $375K | $250K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $375K | $250K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $230K | $173K | ||
| Grants to domestic individualsLn 2 | $0 | $0 | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $193K | $174K | $19K | $0 |
| Pay of disqualified personsLn 6 | $0 | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $0 | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $0 | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $0 | $0 | $0 | $0 |
| Payroll taxesLn 10 | $0 | $0 | $0 | $0 |
| Management feesLn 11a | $0 | $0 | $0 | $0 |
| Legal feesLn 11b | $828 | $0 | $828 | $0 |
| Accounting feesLn 11c | $750 | $0 | $750 | $0 |
| Lobbying feesLn 11d | $0 | $0 | $0 | $0 |
| Professional fundraising feesLn 11e | $0 | $0 | ||
| Investment management feesLn 11f | $0 | $0 | $0 | $0 |
| Other fees for servicesLn 11g | $79K | $50K | $29K | $0 |
| Advertising and promotionLn 12 | $0 | $0 | $0 | $0 |
| Office expensesLn 13 | $2K | $0 | $2K | $0 |
| Information technologyLn 14 | $12K | $11K | $1K | $0 |
| RoyaltiesLn 15 | $0 | $0 | $0 | $0 |
| OccupancyLn 16 | $1K | $0 | $1K | $0 |
| TravelLn 17 | $6K | $3K | $3K | $0 |
| Travel and entertainment for public officialsLn 18 | $0 | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $31K | $28K | $3K | $0 |
| InterestLn 20 | $0 | $0 | $0 | $0 |
| Payments to affiliatesLn 21 | $1K | $0 | $1K | $0 |
| Depreciation, depletion and amortizationLn 22 | $0 | $0 | $0 | $0 |
| InsuranceLn 23 | $0 | $0 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | −$330 | $0 | −$330 | $0 |
| Total functional expensesLn 25 | $557K | $439K | $61K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $432K | $557K | −$125K | $250K | 990 PDF |
| FY2023 | $529K | $183K | $346K | $375K | 990 PDF |
| FY2022 | $98K | $29K | 990 PDF | ||
| FY2021 | $4K | $796 | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $431,973 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, no flags
Part VIII · Statement of revenue $431,973 across 14 lines filed
Part IX · Statement of functional expenses $557,273 across 29 lines filed
Part X · Balance sheet $249,840 assets, 22 lines filed
Part XI · Reconciliation of net assets $249,840 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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