Overview
What is Sea Tow Foundation Inc?
Sea Tow Foundation Inc is a 501(c)3 nonprofit organization headquartered in Southhold, New York. Their primary mission is to promote safe boating practices, aiming to reduce fatalities, incidents, and property damage associated with recreational boating. They accomplish this through four nationwide programs: the Life Jacket Loaner Program, which allows boaters to borrow and return life jackets for free at over 1,300 locations across the U.S.; the Sober Skipper Campaign, which encourages boaters to designate a sober skipper before each boating trip to eliminate boating under the influence accidents; the Flare Education Program, which provides information on flare usage, types, and disposal; and the National Boating Safety Awards, which recognize for-profit boating industry companies that promote boating safety. With two employees, Sea Tow Foundation Inc utilizes these programs to contribute to safer boating experiences for individuals across the nation. For further details about their initiatives, visit boating safety.com.
Official website here: www.boatingsafety.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating.
The Sea Tow Foundation Inc has achieved a solid score of 89%, indicating a commendable level of accountability and finance management. With a high accountability score of 93%, the organization demonstrates effective governance, notably with 100% of its board members being independent. Additionally, their financial practices are robust, evidenced by a strong program expense ratio of 82.19% and a low liabilities to assets ratio.
While the foundation excels in many areas, there are some noted limitations. Specifically, it has not implemented a whistleblower policy or a document retention and destruction policy, both of which received a score of zero. These gaps suggest areas for improvement in their governance practices. However, the organization scores exceptionally well in culture and community, reflecting its commitment to feedback collection and utilization, which scored 100%, showcasing its responsiveness to stakeholder input.
This AI summary has been generated from information found on Charity Navigator.
Is Sea Tow Foundation Inc legitimate?
Sea Tow Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sea Tow Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,173
For more financial information, click here
Official website here: www.boatingsafety.com
What is the mission statement of Sea Tow Foundation Inc?
The Sea Tow Foundation Inc is a non-profit organization with a mission to promote safe boating practices. Their purpose is to reduce fatalities, incidents, and property damage related to recreational boating. They achieve this by providing education, tools, and resources to eliminate preventable boating accidents and deaths. The foundation offers four nationwide programs to help achieve this goal. These include the Life Jacket Loaner Program, which allows boaters to borrow and return life jackets for free at over 1,300 locations across the U.S., the Sober Skipper campaign, which encourages boaters to designate a sober skipper before each trip to prevent boating under the influence accidents, the Flare Education Program, which provides information on using flares, the different types of flares, and proper disposal, and the National Boating Safety Awards, which recognize for-profit boating industry companies that promote boating safety. For more information about these programs and the Sea Tow Foundation, visit boating safety.com.
Official website here: www.boatingsafety.com
Who is the CEO of Sea Tow Foundation Inc?
Kristen Frohnhoefer is the Director of Sea Tow Foundation Inc.
Official website here: www.boatingsafety.com
What is the revenue of Sea Tow Foundation Inc?
Sea Tow Foundation Inc's revenue in 2022 was $603,186.
Official website here: www.boatingsafety.com
Who are the executives of Sea Tow Foundation Inc and what are their salaries?
The average compensation at Sea Tow Foundation Inc during 2022 was $52,586. There are 2 employees at Sea Tow Foundation Inc.
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Official website here: www.boatingsafety.com
Where can I find the form 990 for Sea Tow Foundation Inc?
Sea Tow Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boatingsafety.com
Learn more at the official website: www.boatingsafety.com
Mission Statement of Sea Tow Foundation Inc
Sea Tow Foundation Inc, a 501(c)3 organization, is committed to promoting safe boating practices. The purpose of this nonprofit is to reduce fatalities, incidents, and property damage related to recreational boating directly. By providing education, tools, and resources, Sea Tow Foundation aims to eliminate preventable boating accidents and deaths.
The organization envisions a world where boaters are safe and responsible. To achieve this vision, Sea Tow Foundation has developed four nationwide programs. The Life Jacket Loaner Program allows boaters to borrow and return life jackets for free at over 1,300 locations across the United States. This initiative aims to ensure that everyone on the water has access to a life jacket, which is a crucial safety measure.
The Sober Skipper Campaign encourages boaters to designate a sober skipper before each boating trip to eliminate boating under the influence accidents. This campaign emphasizes the importance of responsible boating and the dangers of operating a boat while impaired.
Sea Tow Foundation's Flare Education Program provides information on how to use flares and the different types of flares available. Additionally, it explains how to dispose of traditional flares properly. This program is essential for ensuring that boaters are prepared for emergencies and can effectively signal for help if needed.
Lastly, the National Boating Safety Awards recognize for-profit boating industry companies that promote boating safety within their networks and businesses. This recognition encourages other companies to prioritize safety and adopt best practices, contributing to a safer boating environment.
In summary, Sea Tow Foundation Inc is dedicated to promoting safe boating practices to reduce accidents and fatalities related to recreational boating. Through their programs, they provide education, tools, and resources to encourage responsible boating, ensure safety equipment availability, and recognize companies that prioritize boating safety.
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Impact
July, 2024
Sea Tow Foundation Inc promotes safe boating practices through its various educational programs and initiatives. These efforts aim to eliminate preventable boating accidents and deaths by providing boaters with the necessary tools and resources. The organization's impact can be seen through its Life Jacket Loaner Program, which allows boaters to borrow life jackets free of charge at over 1,300 locations across the U.S., promoting safety on the water.
Additionally, the Sober Skipper Campaign works to eliminate boating under the influence accidents by encouraging boaters to designate or be a sober skipper before each trip, thus reducing the risk of impaired operation of watercraft. The Flare Education Program provides essential information on how to use and dispose of flares responsibly, enhancing boaters' awareness and preparedness in emergency situations.
Moreover, the National Boating Safety Awards recognize for-profit boating industry companies that actively promote boating safety within their networks and businesses. By collaborating with industry partners and stakeholders, Sea Tow Foundation Inc effectively spreads the message of safe boating practices, contributing to a world where boaters are responsible and accidents are minimized.
This information is meant to be a general summary of Sea Tow Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $603,186
Assets and Liabilities:
- Total Assets: $258,542
- Total Liabilities: $24,274
- Net Assets: $234,268
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Organization Details
Founding Year
2006
Phone
(888) 276-7691Principal Officer
Kristen Frohnhoefer
Main Address
PO BOX 1325, SOUTHOLD, NY, 11971
Website
www.boatingsafety.comNTEE Category
Code: M40 - Public safety
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