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Nonprofit · EIN 87-2883986

SEAWORTHY FOUNDATION INC

Tax-exempt · MIAMI, FL 33130

Financials

$529K$183K2023$432K$557K2024
Revenue Expenses · by fiscal year end
Financials of SEAWORTHY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$431,973$557,273-$125,300$249,840$0$249,840
December 31, 2023990$529,089$182,867$346,222$375,140$0$375,140
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$414,428
of which government grants
$306,477
Program service revenue
$6,197
Investment income
$11,348
Other revenue
$0

Expenses

Grants and similar amounts paid
$229,910
Compensation of officers, directors and key employees
$193,445
Salaries, compensation and benefits (total)
$193,445
Professional fundraising fees
$0
Legal fees
$828
Accounting fees
$750
Occupancy
$1,029
Travel
$5,882
Program services (functional)
$439,498
Management and general (functional)
$61,146

Balance sheet and other

Total assets, start of year
$375,140
Total assets, end of year
$249,840
Total liabilities, end of year
$0
Net assets, end of year
$249,840
Gross unrelated business income
$11,348
Gross receipts
$431,973
Employees
0
Volunteers
0
Year formed
2021
State of legal domicile
FL

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.

NameTitleHours / weekCompensation
Daniel KleinmanFounder CEO
Trustee or director
45$80,000
Tamara Kahn ZissmanDirector of Founder Succes
Key employee
40$78,750
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Daniel KleinmanCEO
Officer
40$47,385
Ubah BulaleDirector
Trustee or director
5$0
Christopher DanielsDirector
Trustee or director
5$0
Sirena AndrasDirector
Trustee or director
5$0
Scarlett LanzasDirector
Trustee or director
5$0

Address and contacts

Address (IRS master file)
1065 SW 8TH ST PMB 5112, MIAMI, FL 33130-3601
In care of
% DANIEL KLEINMAN
Principal officer (990 for 2024)
Daniel Kleinman, 9468 KINLEY PL, BOCA RATON, FL 33428
Signed the 990
Daniel Kleinman, Founder & CEO

Mission

Seaworthy Collective is a Miami-based 501c3 nonprofit that supports current and aspiring entrepreneurs driving innovation for ocean impact AKA BlueTech. Our mission is to bring all hands on deck for BlueTech via programs to co-create and grow early-stage startups build regional capacity and educate our community.

990 for the year ended December 31, 2024

Program accomplishments

  • Seaworthys flagship startup program provides 12 weeks of bespoke support for both current and aspiring founders including access to Seaworthys global network resources service providers 1-on-1 support business curriculum grants support and opportunities for visibility. Each cohort group of startups consists of 7 startups with up to 2 cohorts per year.
    Expenses $286,998 · grants $148,281
  • Our largest annual or bi-annual event in May and or October elevating the work of Seaworthy founders participating in our latest cohort. Founders share their latest pitches and progress developed during the startup programs. The event features a distinguished keynote speaker partner spotlights and major announcements.
    Expenses $67,981 · revenue $2,739
  • Seaworthys 2 month program equips students and professionals who are aspiring BlueTech founders with the knowledge skills and support needed to build an ocean impact startup. Each program occurs in partnership with universities industry associations and additional stakeholders in workforce development.
    Expenses $51,859 · grants $25,000
  • From the Miami Climate Happy Hour to the BlueTech Startupsphere during New York Climate Week we co-create events with mission-aligned partners to bridge communities and drive grassroots engagement.
    Expenses $17,404 · revenue $3,458
  • Seaworthys educational events featuring founders participating in our startup programs provides a platform to share their thought leadership and serve as role models for our community.
    Expenses $15,256

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-2883986
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C60)
Assets (IRS master file)
$249,840
Income (IRS master file)
$431,973

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$431,973$557,273$249,840XML
990December 2023$529,089$182,867$375,140XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––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 87-2883986).

Questions about SEAWORTHY FOUNDATION INC

What is the EIN of SEAWORTHY FOUNDATION INC?
The employer identification number (EIN) of SEAWORTHY FOUNDATION INC is 87-2883986.
Is SEAWORTHY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to SEAWORTHY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SEAWORTHY FOUNDATION 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 SEAWORTHY FOUNDATION 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 SEAWORTHY FOUNDATION 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 SEAWORTHY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Daniel Kleinman.
Who are the officers and directors of SEAWORTHY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $80,000 (Daniel Kleinman, Founder CEO).
How much revenue does SEAWORTHY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $431,973, expenses of $557,273 and total assets of $249,840 at year end.

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