Nonprofit · EIN 27-3229137
SARGASSO SEA PROJECT INC
Tax-exempt · WASHINGTON, DC 20009
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $215,301 | $91,003 | $124,298 | $163,464 | $0 | $163,464 |
| December 31, 2023 | 990 (amended) | $186,495 | $191,694 | -$5,199 | $78,766 | $39,600 | $39,166 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $215,300
- of which government grants
- $175,540
- Program service revenue
- $0
- Investment income
- $1
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $90,593
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $91,003
Balance sheet and other
- Total assets, start of year
- $78,766
- Total assets, end of year
- $163,464
- Total liabilities, end of year
- $0
- Net assets, end of year
- $163,464
- Net assets without donor restrictions
- $18,982
- Net assets with donor restrictions
- $144,482
- Gross receipts
- $215,301
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2010
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kristina Gjerde | President Trustee or director, Officer | 1 | $0 |
| David Freestone | Vice President & Secretary Trustee or director, Officer | 1 | $0 |
| William Welton | Treasurer Trustee or director, Officer | 1 | $0 |
| Dan Laffoley | At-Large Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kristina Gjerde | President Trustee or director, Officer | 1 | $0 |
| David Freestone | Vice President & Secretary Trustee or director, Officer | 1 | $0 |
| Kevin Monkman | Treasurer Trustee or director, Officer | 1 | $0 |
| Dan Laffoley | At-Large Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1630 CONNECTICUT AVENUE NW, WASHINGTON, DC 20009-1053
- In care of
- % DAVID FREESTONE
- Principal officer (990 for 2024)
- David Freestone, 1630 Connecticut Ave NW, Washington, DC 200091056
- Signed the 990
- David Freestone, Vice President
- Phone
- (202) 518-2071
- Return prepared by
- Kronzek Fisher & Lopez PLLC
Mission
The mission of the organization is to achieve international recognition of the importance of the Sargasso Sea and to develop protection measures for it through competent regional and international organizations.
Program accomplishments
- 1. Continue to work with the ten Governments that have signed the 2014 Hamilton Declaration on Collaboration for the Conservation of the Sargasso Sea, namely, the Azores, Bahamas, British Virgin Islands, Bermuda, Canada, Cayman Islands, Dominican Republic, Monaco, UK and US; 2. Continued research collaboration with the Secretariats of the International Convention on Conservation of Atlantic Tunas (ICCAT) and other competent organizations, including North-west Fisheries Organization (NAFO). 3. Continue to collaborate with the shipping industry to conserve the Sargasso Sea, exploring the use of measures through IMO, BBNJ, other agreements, and voluntary measures. 4. Continue to collaborate with the Convention on Migratory Species and range states for the conservation of anguillid eels spawning in the Sargasso Sea. 5. Continue to implement communications and outreach activities, and share lessons learned for the conservation of high seas sites with the international community.Expenses $91,003 · grants $90,593
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3229137
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C32)
- Assets (IRS master file)
- $163,464
- Income (IRS master file)
- $215,301
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $215,301 | $91,003 | $163,464 | XML |
| 990 | December 2023 | $186,495 | $191,694 | $78,766 | XML |
| 990 | December 2022 | $210,288 | $181,546 | $44,365 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3229137).
Questions about SARGASSO SEA PROJECT INC
- What is the EIN of SARGASSO SEA PROJECT INC?
- The employer identification number (EIN) of SARGASSO SEA PROJECT INC is 27-3229137.
- Is SARGASSO SEA PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to SARGASSO SEA PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SARGASSO SEA PROJECT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SARGASSO SEA PROJECT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SARGASSO SEA PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SARGASSO SEA PROJECT INC?
- The 990 for the year ended December 31, 2024 names David Freestone.
- Who are the officers and directors of SARGASSO SEA PROJECT INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SARGASSO SEA PROJECT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $215,301, expenses of $91,003 and total assets of $163,464 at year end.
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