Seaside Sustainability Inc
Nonprofit profile at a glance
- EIN
- 474993870
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2018
- Location
- Gloucester, MA, USA
- Phone
- 9783813302
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Water Resource, Wetlands Conservation and Management
Reported finances
- Revenue
- $190,420
- Expenses
- $180,739
- Assets
- $63,836
- Liabilities
- $34,076
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- ERIC MAGERS (EXECUTIVE DIRECTOR)
People named in this filing
- ERIC MAGERS (EXECUTIVE DIRECTOR)
- RON MAGERS (DIRECTOR)
- LAWRENCE PIHL (TREASURER & CLERK)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To preserve and protect the world's oceans, seas, wetlands, and estuaries by motivating citizens to evaluate the critical issues facing the water environment, educating the public on best practices for sustainability, and providing guidance for taking effective action.
What it reported doing in 2024
The science division aims to illuminate and address marine environmental issues through youth-driven research and action. Our local interns, action team members, and board members actively clean our oceans and shorelines and perform a multitude of other research tasks, such as invasive green crab mitigation, and mudflat acidification testing. Seasisde sustainability partnered with black earth compost, llc to develop the north shore regional compost facility in manchester-by-the-sea on the former landfill to reduce the environmental impact of food waste on the north shore of Massachusetts.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 13
- Transparency & Controls: 100
- Sustainability: 33
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 13.3%; rating input score 13
- Program expense ratio: 14%; rating input score 14
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 5.1%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0.53; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 35%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: -16.8% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 16.8% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 24.7% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 13.3% of revenue deployed · 14% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $25K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 13/100.
- High — Financial Efficiency: Program expense ratio scored 14/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.