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Sea Link EIN 92-0177106 Form 990 (PDF) Claim this org

Sea Link FY2021 filing

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A private foundation based in Reno, NV. It reported about $146K in revenue for 2020. For fiscal year 2021 it reported $146K in revenue, $233K in expenses, and $2.3M in net assets.Pt I

Type
Private foundation / grantmaker · Education
Location
Reno, NV
Filings
5 on file (2021–2021)
Revenue
$146KFY2021
Expenses
$233K
Net assets
$2.3M
People
0
Filings
5
Updates
0
More identity details & actions ⌄
EIN  92-0177106 Private foundation / grantmaker Reno, NV
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Reno, NV. It reported about $146K in revenue for 2020.
Money in and out
$146K revenue, $233K expenses
Bottom line
—
Grants paid & assets · FY2021
Total revenue
$146K
Pt VIII · Ln 12
Total expenses
$233K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$87K
Total assets
2.3M
deployed as grants and operations
Grants paid
143K
in FY2021
Grants made
11grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 11 grants · $200K · 2024–2024
Sampson OliverFY2024$20,000
Kegan MooreFY2024$20,000
Gerik SherrillFY2024$20,000
Riley DealFY2024$20,000
Dylan BorerFY2024$20,000
Michael LapinskiFY2024$20,000
Carson CowanFY2024$20,000
Kai BiagiFY2024$20,000
Francis ShermanFY2024$20,000
Erika RauwolfFY2024$20,000
Darren BrooksFY2024$50

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$18K
Median grantPart XV$20K
Largest grantPart XV$20K

Summary of the Filing

Part I · fiscal year 2021 · Form 990-PF
Revenue
$146K
FY2021
Expenses
$233K
FY2021
Total assets
$2.3M
FY2021
Total liabilities
$1K
FY2021
Total revenue
$146K
Pt VIII · Ln 12
Total expenses
$233K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Total assetsPt II$2.3M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSea Link
EINHdr · item D92-0177106
Principal addressHdr · item CReno, NV
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B19)
Ruling yearIRS BMFDec 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Sea Link executive salaries →

Statement of Revenue

Part VIII
Investment income$107K · 73%
Contributions & grants$36K · 25%
Other revenue$3K · 2%
Investment income73%$107K
Contributions & grants25%$36K
Other revenue2%$3K
Total revenueLn 12$146K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.61 Operating & administrative $0.39
Grants & contributions paid61%$143K
Operating & administrative39%$90K
Total functional expensesLn 25$233K

Balance Sheet

Part X · end of year
CashLn 1$806K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$1K
Total net assetsLn 32$2.3M
Months of cash on handcomputed41.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.3M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $146K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $146K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $146K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $146K · Expenses $233K
-60%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
—
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $233K
No individual compensation reported on this filing
Personnel share
not reported

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. Peer cohort: .

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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
FY2025 (Latest)$178K revenue · ⤓ 990 PDF
FY2024$237K revenue · ⤓ 990 PDF
FY2023$204K revenue · ⤓ 990 PDF
FY2022$186K revenue · ⤓ 990 PDF
FY2021$146K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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