Seabrook Community Foundation
Seabrook Community Foundation shows consistent asset growth and zero executive compensation over a decade.
EIN: 208521827 · Pacific Beach, WA · NTEE: S32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $658K |
| Total Expenses | $432K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.1M |
| Transparency Score | 95/100 |
Is Seabrook Community Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seabrook Community Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seabrook Community Foundation
Seabrook Community Foundation (EIN: 208521827) is a nonprofit organization based in Pacific Beach, WA, classified under NTEE code S32. The organization reported total revenue of $658K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seabrook Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seabrook Community Foundation is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $706K |
| Total Expenses | $432K |
| Surplus / Deficit | +$274K |
| Total Assets | $3.1M |
| Total Liabilities | $3K |
| Net Assets | $3.1M |
| Operating Margin | 38.9% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 84.9 months |
Financial Health Grade: A
In 2023, Seabrook Community Foundation reported a surplus of $274K with revenue exceeding expenses, holds 84.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Seabrook Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.4% | +60.3% | +13.7% |
| 2022 | -4.1% | +9.5% | +12.5% |
| 2021 | +52.3% | -29.8% | +33.7% |
| 2020 | -5.1% | +4.6% | +10.5% |
| 2019 | +35.2% | +27.8% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seabrook Community Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Seabrook Community Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $274K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with assets exceeding $3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Seabrook Community Foundation's IRS 990 filings:
- Lack of detailed program, administrative, and fundraising expense breakdown in summary data (minor concern for granular analysis)
Strengths
The following positive indicators were identified for Seabrook Community Foundation:
- Consistent asset growth, increasing from $1,001,783 in 2014 to $3,055,857 in 2023.
- Zero officer compensation reported across all 14 filings, indicating high efficiency and mission focus.
- Low liabilities across most years, demonstrating sound financial management.
- Strong revenue growth over the past decade, from $179,915 in 2014 to $706,059 in 2023.
- Healthy ratio of assets to liabilities, indicating strong financial stability.
Frequently Asked Questions about Seabrook Community Foundation
Is Seabrook Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Seabrook Community Foundation (EIN: 208521827) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Seabrook Community Foundation spend its money?
Seabrook Community Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seabrook Community Foundation tax-deductible?
Seabrook Community Foundation is registered as a tax-exempt nonprofit (EIN: 208521827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seabrook Community Foundation CEO make?
Seabrook Community Foundation's highest-compensated officer earns $3 annually. The organization reported $658K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seabrook Community Foundation's spending goes to programs?
Seabrook Community Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seabrook Community Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Seabrook Community Foundation is above average for NTEE category S32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seabrook Community Foundation located?
Seabrook Community Foundation is headquartered in Pacific Beach, Washington and files with the IRS under EIN 208521827. It is classified under NTEE code S32.
How many years of IRS 990 filings does Seabrook Community Foundation have?
Seabrook Community Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $658K in total revenue.
Is Seabrook Community Foundation a good charity?
Based on the provided financial data, Seabrook Community Foundation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to directing funds to its mission by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $1,001,783 in 2014 to $3,055,857 in 2023, and revenue showing a general upward trend from $179,915 in 2014 to $706,059 in 2023.
What is the organization's approach to executive compensation?
The Seabrook Community Foundation has a highly transparent and efficient approach to executive compensation, consistently reporting 0% officer compensation across all 14 available filings, indicating a volunteer or unpaid leadership structure.
Filing History
IRS 990 filing history for Seabrook Community Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Seabrook Community Foundation's revenue has grown by 389.9%, moving from $144K to $706K. Total assets increased by 295% over the same period, from $774K to $3.1M. Total functional expenses rose by 431.1%, from $81K to $432K. In its most recent filing year (2023), Seabrook Community Foundation reported a surplus of $274K, with revenue exceeding expenses. The organization holds $3K in liabilities against $3.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $706K | $432K | $3.1M | $3K | — | — |
| 2022 | $770K | $269K | $2.7M | $0 | — | View 990 |
| 2021 | $804K | $246K | $2.4M | $4K | — | View 990 |
| 2020 | $528K | $350K | $1.8M | $0 | — | — |
| 2019 | $556K | $334K | $1.6M | $8K | — | View 990 |
| 2018 | $411K | $262K | $1.4M | $0 | — | View 990 |
| 2017 | $403K | $233K | $1.2M | $0 | — | View 990 |
| 2016 | $273K | $242K | $1.1M | $0 | — | View 990 |
| 2015 | $217K | $181K | $1.0M | $86 | — | View 990 |
| 2014 | $180K | $142K | $1.0M | $1K | — | View 990 |
| 2013 | $171K | $108K | $962K | $0 | — | View 990 |
| 2012 | $118K | $83K | $898K | $0 | — | View 990 |
| 2011 | $139K | $49K | $862K | $0 | — | View 990 |
| 2010 | $144K | $81K | $774K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $706K, expenses of $432K, and assets of $3.1M (revenue -8.4% year-over-year).
- 2022: Revenue of $770K, expenses of $269K, and assets of $2.7M (revenue -4.1% year-over-year).
- 2021: Revenue of $804K, expenses of $246K, and assets of $2.4M (revenue +52.3% year-over-year).
- 2020: Revenue of $528K, expenses of $350K, and assets of $1.8M (revenue -5.1% year-over-year).
- 2019: Revenue of $556K, expenses of $334K, and assets of $1.6M (revenue +35.2% year-over-year).
- 2018: Revenue of $411K, expenses of $262K, and assets of $1.4M (revenue +2.1% year-over-year).
- 2017: Revenue of $403K, expenses of $233K, and assets of $1.2M (revenue +47.4% year-over-year).
- 2016: Revenue of $273K, expenses of $242K, and assets of $1.1M (revenue +25.8% year-over-year).
- 2015: Revenue of $217K, expenses of $181K, and assets of $1.0M (revenue +20.7% year-over-year).
- 2014: Revenue of $180K, expenses of $142K, and assets of $1.0M (revenue +5.0% year-over-year).
- 2013: Revenue of $171K, expenses of $108K, and assets of $962K (revenue +44.7% year-over-year).
- 2012: Revenue of $118K, expenses of $83K, and assets of $898K (revenue -14.8% year-over-year).
- 2011: Revenue of $139K, expenses of $49K, and assets of $862K (revenue -3.6% year-over-year).
- 2010: Revenue of $144K, expenses of $81K, and assets of $774K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seabrook Community Foundation:
Data Sources and Methodology
This transparency report for Seabrook Community Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.