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Education : Scholarship and Financial Support

Seabee Memorial Scholarship Association

Building a “Can Do” Legacy Through Education

three stars

81.30

P.O. Box 391 Springfield, VA 22150
tel: (703) 690-7672   Web Site
EIN: 52-0910325

Board Leadership
Mike Blount
Chairman

CEO
Steve Hamer
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 81.30 three stars
  Financial 78.22 two stars
  Accountability & Transparency 85.00 three stars
This rating was published 09/01/2020 and includes data from FY2018, the most recent 990 received at that time.

The Seabee Memorial Scholarship Association (SMSA) is the nation's only provider of need-based scholarships exclusively to the children and grandchildren of America's fighting Seabees and Civil Engineer Corps (CEC) officers attending accredited colleges and universities. SMSA has awarded scholarships to over 1000 students valued at more than $6 million since 1972.

The Seabee Memorial Scholarship Association (SMSA) is the nation's only provider of need-based scholarships exclusively to the children and grandchildren of America's fighting Seabees and Civil Engineer Corps (CEC) officers attending accredited colleges and universities. SMSA has awarded scholarships to over 1000 students valued at more than $6 million since 1972.

Impact Information

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This impact information is current as of August 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

two stars

78.22

Accountability & Transparency

three stars

85.00

This rating was published 09/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
61.3%
  Administrative Expenses 15.9%
  Fundraising Expenses 22.7%
  Fundraising Efficiency $0.29
  Working Capital Ratio (years) 6.08
  Program Expenses Growth 16.7%
  Liabilities to Assets 0.6%
All data for Financial Performance Metrics calculations was provided by Seabee Memorial Scholarship Association on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Seabee Memorial Scholarship Association on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Seabee Memorial Scholarship Association (VA) 81.30 three stars
Burger King McLamore Foundation (FL) 94.34 four stars
Institute for Educational Advancement (CA) 85.43 three stars
Asian & Pacific Islander American Scholarship Fund (DC) 86.36 three stars
The College Crusade of Rhode Island (RI) 91.23 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $975,853
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $975,853
   Program Service Revenue $0
Total Primary Revenue $975,853
   Other Revenue $-9,790
TOTAL REVENUE $1,114,901
   
EXPENSES  
   Program Expenses $634,508
   Administrative Expenses $262,670
   Fundraising Expenses $173,033
TOTAL FUNCTIONAL EXPENSES $1,070,211
   
Payments to Affiliates $0
Excess (or Deficit) for the year $44,690
   
Net Assets $6,554,982

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarship Grants $634,508 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 09/01/2020 81.30 three stars
2018-12 08/01/2020 80.89 three stars
2018-12 04/01/2020 77.60 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 52-0910325
Name in IRS Master File SEABEE MEMORIAL SCHOLARSHIP ASSOCIATION INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
(64) Commemorative event (centennial, festival, pageant, etc.)
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date January, 1971
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$53,825 5.02% Steve Hamer Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Seabee Memorial Scholarship Association (VA) 81.30 three stars
Institute for Quality Education (IN) 86.56 three stars
10,000 Degrees (CA) 91.43 four stars
Sentinels of Freedom Scholarship Foundation (CA) 91.27 four stars
Carson Scholars Fund (MD) 89.02 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Seabee Memorial Scholarship Association
P.O. Box 391
Springfield, VA 22150
tel: (703) 690-7672
EIN: 52-0910325

Mail donations to:
P.O. Box 667
Gulfport, MS 39502

Visit Web Site

Board Leadership

Mike Blount
Chairman

CEO

Steve Hamer
Executive Director

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