The Sealark Foundation Inc C/O Robert J Laughlin Esq
Sealark Foundation maintains over $100M in assets despite recent years of expenses exceeding revenue and zero reported officer compensation.
EIN: 133747240 · Boston, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31.5M |
| Total Expenses | $6.4M |
| Program Spending | 80% |
| Net Assets | $99.2M |
| Transparency Score | 75/100 |
Is The Sealark Foundation Inc C/O Robert J Laughlin Esq Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Sealark Foundation Inc C/O Robert J Laughlin Esq directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Sealark Foundation Inc C/O Robert J Laughlin Esq
The Sealark Foundation Inc C/O Robert J Laughlin Esq (EIN: 133747240) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $31.5M and total assets of $100.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Sealark Foundation Inc C/O Robert J Laughlin Esq's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Sealark Foundation Inc C/O Robert J Laughlin Esq is a large nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $6.4M |
| Surplus / Deficit | $-4,422,827 |
| Total Assets | $99.2M |
| Total Liabilities | $1 |
| Net Assets | $99.2M |
| Operating Margin | -219.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 184.8 months |
Financial Health Grade: B
In 2023, The Sealark Foundation Inc C/O Robert J Laughlin Esq reported a deficit of $4.4M with expenses exceeding revenue, holds 184.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Sealark Foundation Inc C/O Robert J Laughlin Esq's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.6% | +3.8% | -4.5% |
| 2022 | -75.2% | -15.9% | -2.6% |
| 2021 | +298.7% | +13.5% | +5.0% |
| 2020 | -95.5% | +98.2% | -3.6% |
| 2019 | +12580.5% | +136.3% | +438.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 The Sealark Foundation Inc C/O Robert J Laughlin Esq with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Sealark Foundation Inc C/O Robert J Laughlin Esq allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $4.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Sealark Foundation consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive team or that executive compensation is categorized under other expense lines, which would reduce transparency regarding leadership costs.
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 The Sealark Foundation Inc C/O Robert J Laughlin Esq's IRS 990 filings:
- Consistent trend of expenses exceeding revenue in recent years (e.g., 2023, 2022, 2020, 2015, 2014, 2013, 2011), indicating reliance on asset drawdowns.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
- Significant volatility in annual revenue, which could indicate an unpredictable funding model if not managed by a robust endowment strategy.
Strengths
The following positive indicators were identified for The Sealark Foundation Inc C/O Robert J Laughlin Esq:
- Strong financial reserves with over $100 million in assets as of the latest filing, providing significant stability.
- Consistently low to zero liabilities across all filings, indicating excellent financial management and low debt.
- Consistent reporting of 0% officer compensation, suggesting either volunteer leadership or highly efficient executive cost management.
- Long and consistent IRS 990 filing history (10 filings), demonstrating transparency and compliance.
Frequently Asked Questions about The Sealark Foundation Inc C/O Robert J Laughlin Esq
Is The Sealark Foundation Inc C/O Robert J Laughlin Esq a legitimate charity?
Based on AI analysis of IRS 990 filings, The Sealark Foundation Inc C/O Robert J Laughlin Esq (EIN: 133747240) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does The Sealark Foundation Inc C/O Robert J Laughlin Esq spend its money?
The Sealark Foundation Inc C/O Robert J Laughlin Esq directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Sealark Foundation Inc C/O Robert J Laughlin Esq tax-deductible?
The Sealark Foundation Inc C/O Robert J Laughlin Esq is registered as a tax-exempt nonprofit (EIN: 133747240). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Sealark Foundation Inc C/O Robert J Laughlin Esq's spending goes to programs?
The Sealark Foundation Inc C/O Robert J Laughlin Esq directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Sealark Foundation Inc C/O Robert J Laughlin Esq located?
The Sealark Foundation Inc C/O Robert J Laughlin Esq is headquartered in Boston, Massachusetts and files with the IRS under EIN 133747240.
How many years of IRS 990 filings does The Sealark Foundation Inc C/O Robert J Laughlin Esq have?
The Sealark Foundation Inc C/O Robert J Laughlin Esq has 10 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 $31.5M in total revenue.
How does The Sealark Foundation Inc sustain its operations when expenses consistently exceed revenue, as seen in 2023 ($6.4M expenses vs. $2.0M revenue) and 2022 ($6.2M expenses vs. $3.1M revenue)?
The foundation likely draws upon its substantial asset base, which stood at $99.1M in 2023, to cover the deficit between annual revenues and expenses. This is a common practice for foundations with large endowments.
What is the specific breakdown of program, administrative, and fundraising expenses for The Sealark Foundation Inc?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would typically be found in Part IX of the IRS Form 990.
Why is officer compensation consistently reported as 0% across all filings for The Sealark Foundation Inc?
A 0% officer compensation could indicate that the foundation's leadership is entirely volunteer-based, or that any compensation for officers is reported under different expense categories, such as professional fees or salaries for other staff, rather than specifically as officer compensation.
Given the significant fluctuation in annual revenue (e.g., $71.6M in 2019 vs. $2.0M in 2023), what are the primary sources of income for The Sealark Foundation Inc?
The large fluctuations suggest reliance on significant, potentially infrequent, contributions or substantial investment gains. Without further detail, it's difficult to pinpoint the exact primary sources, but foundations often receive large grants or have investment portfolios that generate variable income.
Filing History
IRS 990 filing history for The Sealark Foundation Inc C/O Robert J Laughlin Esq showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Sealark Foundation Inc C/O Robert J Laughlin Esq's revenue has grown by 301.6%, moving from $502K to $2.0M. Total assets increased by 1999.9% over the same period, from $4.7M to $99.2M. Total functional expenses rose by 187.4%, from $2.2M to $6.4M. In its most recent filing year (2023), The Sealark Foundation Inc C/O Robert J Laughlin Esq reported a deficit of $4.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $99.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $99.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $6.4M | $99.2M | $1 | — | — |
| 2022 | $3.2M | $6.2M | $103.9M | $1 | — | View 990 |
| 2021 | $12.9M | $7.4M | $106.7M | $1 | — | View 990 |
| 2020 | $3.2M | $6.5M | $101.6M | $1 | — | View 990 |
| 2019 | $71.6M | $3.3M | $105.4M | $0 | — | View 990 |
| 2015 | $565K | $1.4M | $19.6M | $0 | — | View 990 |
| 2014 | $932K | $1.3M | $20.4M | $0 | — | View 990 |
| 2013 | $1.0M | $1.1M | $20.8M | $0 | — | View 990 |
| 2012 | $17.1M | $957K | $20.8M | $0 | — | View 990 |
| 2011 | $502K | $2.2M | $4.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $6.4M, and assets of $99.2M (revenue -36.6% year-over-year).
- 2022: Revenue of $3.2M, expenses of $6.2M, and assets of $103.9M (revenue -75.2% year-over-year).
- 2021: Revenue of $12.9M, expenses of $7.4M, and assets of $106.7M (revenue +298.7% year-over-year).
- 2020: Revenue of $3.2M, expenses of $6.5M, and assets of $101.6M (revenue -95.5% year-over-year).
- 2019: Revenue of $71.6M, expenses of $3.3M, and assets of $105.4M (revenue +12580.5% year-over-year).
- 2015: Revenue of $565K, expenses of $1.4M, and assets of $19.6M (revenue -39.4% year-over-year).
- 2014: Revenue of $932K, expenses of $1.3M, and assets of $20.4M (revenue -10.3% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $20.8M (revenue -93.9% year-over-year).
- 2012: Revenue of $17.1M, expenses of $957K, and assets of $20.8M (revenue +3296.9% year-over-year).
- 2011: Revenue of $502K, expenses of $2.2M, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Sealark Foundation Inc C/O Robert J Laughlin Esq:
Data Sources and Methodology
This transparency report for The Sealark Foundation Inc C/O Robert J Laughlin Esq 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.