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Pacific Marine Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911753489 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

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Overview

What is Pacific Marine Foundation Inc?

Pacific Marine Foundation Inc, based in Seattle, Washington, serves as a nonprofit organization. Their primary mission is to collect and resell boats, utilizing the proceeds to support various educational and community-focused charitable organizations. With a small team of three dedicated individuals, the foundation aims to contribute positively to their local community through these philanthropic efforts.

Is Pacific Marine Foundation Inc legitimate?

Pacific Marine Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific Marine 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: $140,193
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Pacific Marine Foundation Inc?

Pacific Marine Foundation Inc's mission involves raising funds to support various educational and community-based charitable organizations. This organization undertakes initiatives to collect boats for resale, with the proceeds being channeled towards these charitable causes. By doing so, the Foundation aims to contribute positively to the communities it serves, providing them with essential resources and support. The focus is on educational organizations, as well as community-based charities, aiming to make a significant impact in these areas.

Who is the CEO of Pacific Marine Foundation Inc?

David Wallace is the President of Pacific Marine Foundation Inc.

What is the revenue of Pacific Marine Foundation Inc?

Pacific Marine Foundation Inc's revenue in 2022 was $106,855.

Who are the executives of Pacific Marine Foundation Inc and what are their salaries?

The average compensation at Pacific Marine Foundation Inc during 2022 was $46,731. There are 3 employees at Pacific Marine Foundation Inc.


Here are 3 key members and their salaries:


David Wallace (President)
  • Compensation: $67,816
  • Related: $0
  • Other: $0
Richard Wallace (Officer)
  • Compensation: $34,889
  • Related: $0
  • Other: $0
Eric Wallace (Officer)
  • Compensation: $37,487
  • Related: $0
  • Other: $0
Where can I find the form 990 for Pacific Marine Foundation Inc?

Pacific Marine Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Pacific Marine Foundation Inc

Pacific Marine Foundation Inc, as stated in its mission description, is an organization dedicated to raising funds. This mission is aimed at supporting educational and community-based charitable organizations. By engaging in fundraising activities, Pacific Marine Foundation Inc contributes to the growth and success of various educational and community organizations, thereby making a positive impact in these sectors. The organization achieves this by soliciting and collecting boats for resale, utilizing the proceeds to fund its charitable initiatives.

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Impact




October, 2024

Pacific Marine Foundation Inc has a significant impact on educational and community-based charitable organizations by raising funds through the solicitation and collection of boats for resale. This initiative not only provides financial support to various programs but also fosters a culture of giving within the community. By transforming boats into valuable resources, the foundation ensures that essential services and educational opportunities are accessible to those in need, ultimately contributing to the betterment of society in Seattle, WA, and beyond. Its mission underscores a commitment to enhancing community welfare and promoting educational advancement, enabling meaningful change and support for diverse organizations.




This information is meant to be a general summary of Pacific Marine 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.

Revenue
$106,855 (2022)
Expenses
$318,941 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $556,455

Assets and Liabilities:

  • Total Assets: $888,408
  • Total Liabilities: $232,535
  • Net Assets: $655,873

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Organization Details

Founding Year

1996

Principal Officer

David Wallace

Main Address

1900 W Nickerson St Ste 116-218, Seattle, WA, 98119

NTEE Category

Code: X99 - Religion related

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