2025-01-22T19:18:13-05:00 2024-06-30 990EZ 2023-07-01 203302730 SEVEN SEAS CRUISING ASSOCIATION FOUNDATION SEVE 7547025068 411 Walnut Street PMB 17000 Green Cove Springs FL 32043 Donald Gillings Treasurer 6184074687 2025-01-23 2023 2024-10-15 13:58:12Z X X ssca.org X X 3097 X 3097 0 0 0 3097 729 729 2368 8675 0 11043 X 6106 11043 2669 0 8775 11043 100 0 8675 11043 Established in 2008, the Foundation, a 501(c)(3) corporation, helps fill the gap between dues income and SSCA needs in accordance with its bylaws. Encouragement & Camaraderie among live aboard and cruising sailors through informal get-together & pot-luck suppers in ports near & far. 2368 2368 2368 Kingsley Ross Chairman 5 0 0 0 Scott Berg Trustee 5 0 0 0 Kathy Barth Trustee 5 0 0 0 Vicki Lane Trustee 5 0 0 0 Jack Dunnigan Trustee 5 0 0 0 Donald Gillings Treasurer 5 0 0 0 false false false false false false false false FL Seven Seas Cruising Association Fou 814 Pine Needle Lane Joliet IL 60432 7547020568 false false false false false false false false false false false NONE NONE true X 4402 2393 1790 5470 1725 15780 4402 2393 1790 5470 1725 15780 15780 4402 2393 1790 5470 1725 15780 1 0 X Part I Line 16 Administrative & filing fees - 171 Part I Line 16 Insurance - 558 Part II Line 24 Accounts Receivable - Beginning Of Year Amount: 2669 End Of Year Amount:0 Part II Line 26 Accounts Payable - Beginning Of Year Amount: 100 End Of Year Amount:0 During the last few years the Foundation experienced a significant breakdown in its administrative capabilities. These disruptions involved transitioning through two association management companies along with changes in the composition of the volunteer Board of Trustees. This involved the selection of a new Chairman and Treasurer of the Foundation to replace the previous parties who had failed to perform their responsibilities and resigned The current management company, the new Chairman, and the new Treasurer had to assemble historical information to account for multiple years of activity which had not been effectively maintained. This information assembly process was encumbered by difficulty in accessing checking accounts which had been controlled by the departed management companies and Trustees. Another element in the lack of historical information was that the prior two years IRS tax filings were done via Form 990-N which was possible while lacking detailed accounting information. Ultimately the necessary details were gathered, and a complete accounting was accomplished and brought current. The results are reflected in the 990-EZ filed for the fiscal year ended June 30, 2024. The confusion that existed during the management recovery process resulted in a failure to file Form 8868 to obtain an Extension of Time to File. As the current Treasurer, I take responsibility for this oversight. The Foundation is now in a sound operating position and will be timely in future filings.