Overview
What is The Seasteading Institute?
The Seasteading Institute, an innovative nonprofit based in San Francisco, California, aims to pioneer the development of floating cities. The organization's mission is to provide a platform for generations to experiment with novel governmental concepts. In 2022, they collaborated with Ocean Builders to construct a deep-sea, single-family seastead as part of their project. The primary focus of the year was fundraising for this endeavor. Additionally, The Seasteading Institute expanded its online community by hosting regular events, attracting a broader audience interested in their unique mission. Currently, the organization is staffed by a team of three individuals committed to this vision.
Official website here: www.seasteading.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
The Seasteading Institute has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial integrity. With a perfect score in several key accountability measures, such as having 100% independent board members and no material diversion of assets, the organization demonstrates a sound governance framework.
Financially, the institute maintains a strong position with a low liabilities-to-assets ratio of 1.13% and a program expense ratio of 85.72%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. This efficient use of resources is a positive aspect that supporters can appreciate.
While the institute excels in accountability and financial metrics, no specific user feedback or qualitative reviews are available to provide insights into the organization's impact or community perceptions. Overall, the strong rating and governance practices suggest a reliable and well-managed organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Seasteading Institute legitimate?
The Seasteading Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Seasteading Institute 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: $87,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,734
For more financial information, click here
Official website here: www.seasteading.org
What is the mission statement of The Seasteading Institute?
The Seasteading Institute's mission is centered around enabling the creation of floating cities. This endeavor serves as a platform for the upcoming generation of innovators to experiment with novel concepts in governance. By fostering this environment, the institute aims to stimulate the testing of alternative political structures. In 2022, the institute focused primarily on raising funds for a project in collaboration with Ocean Builders, aiming to construct a deepwater seastead for a single family.
Official website here: www.seasteading.org
Who is the CEO of The Seasteading Institute?
Joe Quirk is the President of The Seasteading Institute.
Official website here: www.seasteading.org
What is the revenue of The Seasteading Institute?
The Seasteading Institute's revenue in 2022 was $666,268.
Official website here: www.seasteading.org
Who are the executives of The Seasteading Institute and what are their salaries?
The average compensation at The Seasteading Institute during 2022 was $59,158. There are 3 employees and 25 volunteers at The Seasteading Institute.
Here are 8 key members and their salaries:
- Compensation: $87,740
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.seasteading.org
Where can I find the form 990 for The Seasteading Institute?
The Seasteading Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seasteading.org
Learn more at the official website: www.seasteading.org
Mission Statement of The Seasteading Institute
The Seasteading Institute, a forward-thinking organization, is dedicated to enabling the creation of floating cities. This mission aims to provide a platform for the next generation of innovators to experiment with novel concepts for governance. By fostering this environment, The Seasteading Institute aspires to push the boundaries of societal structures and foster progress. Throughout the year, the institution has been actively growing its online community, hosting regular events to engage its members and foster a sense of community. In 2022, a significant focus of The Seasteading Institute was to fundraise for a project with Ocean Builders, which involved constructing a deepwater, single-family seastead.
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Impact
July, 2024
The Seasteading Institute's impact is significant in pioneering the concept of floating cities as experimental laboratories for new ideas in governance. Through its efforts, it aims to empower future pioneers to explore innovative ways of structuring societies and governments. The Institute's collaboration with Ocean Builders to construct a deepwater, single-family spar seastead exemplifies its commitment to turning this vision into reality. By fostering a vibrant online community and securing funding for its projects, The Seasteading Institute plays a crucial role in advancing social research and shaping the future of governance experimentation.
This information is meant to be a general summary of The Seasteading Institute. 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.
- Investment Income: $796
- Program Service Revenue: $360
- Gross Receipts: $680,564
Assets and Liabilities:
- Total Assets: $721,499
- Total Liabilities: $56,241
- Net Assets: $665,258
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Event fees
Sales of Product
Revenue
$360
Organization Details
Founding Year
2008
Phone
(866) 743-6660Principal Officer
Joe Quirk
Main Address
PO Box 7775 30495, San Francisco, CA, 94120
Website
www.seasteading.orgNTEE Category
Code: V05 - Social research
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