Sea Legs Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BAINBRIDGE ISLAND, WA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it made $600 in qualifying distributions. Net investment income was $53K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+17.2% YoY
Revenue
$55K
-97.0% YoY
Qualifying Distributions
$600
Expenses
$15K
+451.2% YoY
Under IRS private-foundation payout rules, Sea Legs Foundation reported a distributable amount of $59K for 2024 — the minimum it must pay out in qualifying distributions.
About Sea Legs Foundation
Based on IRS filings
Sea Legs Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BAINBRIDGE ISLAND, WA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it made $600 in qualifying distributions. Net investment income was $53K.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $1,252,123 | $1,068,459 |
| Revenue | $55,481 | $1,846,335 |
| Expenses | $15,451 | $2,803 |
| Qualifying Distributions | $600 | — |
| Net Investment Income | $52,889 | $818,380 |
| Distributable Amount | $59,099 | $16,310 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CLAY M LEVIT | TRUSTEE | 1 | — |
| CATHERINE J LEVIT | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sea Legs Foundation?
Sea Legs Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BAINBRIDGE ISLAND, WA. It holds $1.3M in total assets as of 2024.
How large is Sea Legs Foundation?
As of 2024, Sea Legs Foundation holds $1.3M in total assets with $55K in annual revenue.
How much is Sea Legs Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sea Legs Foundation reported a distributable amount of $59K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sea Legs Foundation's EIN?
Sea Legs Foundation's EIN (Employer Identification Number) is 92-3641016. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in Sea Legs Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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