Apparent Winds EIN 87-4332088

Apparent Winds FY2023 filing

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Sailing globally to collect and share stories of environmental and cultural preservation while doing marine research. For fiscal year 2023 it reported $146K in revenue, $139K in expenses, and $23K in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Mount Pleasant, SC
Website
www.apprentwinds.org
Filings
3 on file (2022–2023)
Revenue
$146KFY2023
Expenses
$139K
Net assets
$23K
People
6
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-4332088 Public charity (501(c)(3)) Mount Pleasant, SC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Sailing globally to collect and share stories of environmental and cultural preservation while doing marine research.
Leadership
Stephen Berger · Board Chair
Money in and out
$146K revenue, $139K expenses
Bottom line
19% program efficiency
Where the money goes · FY2023
Total revenue
$146K
Pt VIII · Ln 12
Total expenses
$139K
Pt IX · Ln 25
Net assets
$23K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8K
Where spending went · Part IX cols B–D
Program services $0.19 Management & general $0.81
Program efficiency
19%
of spending reaches programs
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$146K
FY2023▼ -71%
Expenses
$139K
FY2023▼ -71%
Total assets
$23K
FY2023▲ +49%
Total liabilities
$0
FY2023
Total revenue
$146K
Pt VIII · Ln 12
Total expenses
$139K
Pt IX · Ln 25
Net assets
$23K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8K
Total assetsPt X · Ln 16$23K
Program-expense ratioPt IX · col B19%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $26K of program spending, described in the organization's own filed words · FY2023.
01

2023 was an exciting year Apparent Winds. In January, our crew set sail from San Diego to conduct our first marine cetacean research expedition. We hosted six cetacean biologists aboard with a mission to find and study Killer whales in the Sea of Cortez.

$26Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CApparent Winds
EINHdr · item D87-4332088
Principal addressHdr · item CMount Pleasant, SC
WebsiteHdr · item Jwww.apprentwinds.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C60)
Ruling yearIRS BMFApr 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Prentice Brower III’s $29K as Executive Director is at the 16th percentile of top reported officer pay among 1981 $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.

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Statement of Revenue

Part VIII
Contributions & grants100%$146K
Total revenueLn 12$146K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.19 Management & general $0.81
Program services19%$26K
Management & general81%$112K
Total functional expensesLn 25$139K

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$23K
Total liabilitiesLn 26$0
Total net assetsLn 32$23K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $23K · Operating expenses/yr $139K
2.0 months
Where the money goes
Program services
Program services $26K · Total expenses $139K
19%
Management & General
Management & general $112K · Total expenses $139K
81%
Fundraising
Fundraising $0 · Total expenses $139K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $322K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $146K · Total revenue $146K
100%
Government reliance
Government grants — · Total revenue $146K
Earned-income share
Program service revenue $0 · Total revenue $146K
0%
Investment reliance
Investment income $0 · Total revenue $146K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $139K
0%
Growth & trend
Revenue growth (YoY)
This year $146K · Prior year $498K
-71%
Net-asset trend (YoY)
End of year $23K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $146K · Expenses $139K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $23K
Net-asset ratio
Net assets $23K · Total assets $23K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $23K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephen Berger · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $139K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $13K · Total expenses $139K
9%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 19%
Overhead ratio 81%
Fundraising cost ratio 0%
Revenue growth -71%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$187K revenue · ⤓ 990 PDF
FY2023$146K revenue · viewing · ⤓ 990 PDF
FY2022$498K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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