Sea Research Foundation Inc: $32.6M Revenue, $23.1M Program Expenses
Mystic, Connecticut · EIN 061480300 · Filing year 2023
Sea Research Foundation Inc reported $32.6M in total revenue, $29.6M in total expenses, and $59.6M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($23.1M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (79/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $32.6M
- Total Expenses
- $29.6M
- Program Expenses
- $23.1M
- Program Expense Ratio
- 78.0%
- Total Assets
- $59.6M
- Reserve Months
- 24.1 months
- EIN
- 061480300
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
The efficiency rubric puts Sea Research Foundation Inc at a B grade: a composite of 79/100 that lands above the national midpoint. The grade reflects solid program-spending discipline alongside reasonable executive compensation and financial reserves.
Sea Research Foundation Inc reported $32.6M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Sea Research Foundation Inc directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Revenue trend is mildly positive across the five-year filing window — modest growth, consistent with stable funding sources keeping pace with organizational costs. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Sea Research Foundation Inc works in Environment & Animals — environmental, conservation, animal-welfare, and natural-resources programs. The sector spans large international conservation groups and small local land trusts; the financial profile varies accordingly.
How Sea Research Foundation Inc Compares
Sea Research Foundation Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 79/100 is 6 points above the Environment & Animals category average. The organization holds 24.1 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Sea Research Foundation Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Sea Research Foundation Inc has an Efficiency Score of B (79/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Sea Research Foundation Inc, Donor FAQ
Sea Research Foundation Inc has an Efficiency Score of B (79/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Sea Research Foundation Inc is not reported in the most recent IRS 990 filing on file.
Sea Research Foundation Inc reported $32.6M in annual revenue and $29.6M in total expenses for filing year 2023. The organization holds $59.6M in total assets.
For every dollar donated to Sea Research Foundation Inc, approximately 78.0 cents goes to program activities. The organization has 24.1 months of operating reserves, providing financial stability to sustain its mission.
Sea Research Foundation Inc is a registered 501(c) organization with EIN 061480300, based in Mystic, Connecticut. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Environment & Animals Nonprofits
Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.