Sea Star Base Galveston — Form 990PF, tax year 2020

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Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
SEA STAR BASE GALVESTON
 
Number and street (or P.O. box number if mail is not delivered to street address)7509 BROADWAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GALVESTON, TX77554
A Employer identification number

45-3560703
B Telephone number (see instructions)

(409) 572-2560
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$49,855,666J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 322,827
2 Check bullet.............
3 Interest on savings and temporary cash investments 24   24
4 Dividends and interest from securities... 3,538   3,538
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,128,466
b Gross sales price for all assets on line 6a 2,131,459
7 Capital gain net income (from Part IV, line 2)... 2,129,209
8 Net short-term capital gain......... 2,129,209
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 195,224   195,224
12 Total. Add lines 1 through 11........ 2,650,079 2,129,209 2,327,995
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 162,528   21,250 63,750
14 Other employee salaries and wages...... 714,987   198,129 594,386
15 Pension plans, employee benefits....... 74,423   74,423  
16a Legal fees (attach schedule)......... Click to see attachment 596,186 59,619 536,567  
b Accounting fees (attach schedule)....... Click to see attachment 7,740 774 6,966  
c Other professional fees (attach schedule).... Click to see attachment 2,067 206 1,861  
17 Interest............... 563,963   563,963  
18 Taxes (attach schedule) (see instructions)... Click to see attachment 41,772   19,215 22,557
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,978,545   1,978,545
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,362 136 136 1,090
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,038,214   51,912 986,302
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,181,787 60,735 3,452,967 1,668,085
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 5,181,787 60,735 3,452,967 1,668,085
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,531,708
b Net investment income (if negative, enter -0-) 2,068,474
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 70,609 188,434 188,434
2 Savings and temporary cash investments......... 95 40 40
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable................. 48,000 15,000 15,000
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 11,879 5,939 5,939
9 Prepaid expenses and deferred charges..........   121,423 121,423
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet61,744,754
Less: accumulated depreciation (attach schedule) bullet12,219,823 51,463,720 Click to see attachment49,524,931 49,524,829
15 Other assets (describe bullet) Click to see attachment19,405 Click to see attachment1 Click to see attachment1
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 51,613,708 49,855,768 49,855,666
Liabilities 17 Accounts payable and accrued expenses.......... 141,980 210,255
18 Grants payable.................    
19 Deferred revenue................. 54,818 -53,128
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 18,411,494 Click to see attachment19,182,607
22 Other liabilities (describe bullet) Click to see attachment19,080 Click to see attachment71,418
23 Total liabilities (add lines 17 through 22)......... 18,627,372 19,411,152
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 28,358,230 28,452,917
25 Net assets with donor restrictions............ 4,628,106 1,991,699
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 32,986,336 30,444,616
30 Total liabilities and net assets/fund balances (see instructions). 51,613,708 49,855,768
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
32,986,336
2
Enter amount from Part I, line 27a .....................
2
-2,531,708
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
30,454,628
5
Decreases not included in line 2 (itemize) bullet
5
10,012
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
30,444,616
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PEPSICO, INC. D 2020-01-22 2020-01-22
b PEPSICO, INC. D 2020-05-13 2020-05-13
c PEPSICO, INC. D 2020-09-03 2020-09-03
d PEPSICO, INC. D 2020-12-10 2020-12-10
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 520,695   522 520,173
b 497,047   620 496,427
c 610,648   620 610,028
d 503,069   488 502,581
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       520,173
b       496,427
c       610,028
d       502,581
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,129,209
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 2,129,209
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 28,752
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 28,752
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 28,752
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 31,658
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 31,658
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 432
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,474
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 2,474
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBRET HANSEN Telephone no.bullet (409) 572-2560

    Located atbullet7509 BROADWAYGALVESTONTX ZIP+4bullet77554
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CHARLES DOOLIN PRESIDENT EM
    2.00     		0 0 0
    7509 BROADWAY
    GALVESTON,TX77554
    ROSEMARY DOOLIN CHAIRMAN
    2.00     		0 0 0
    7509 BROADWAY
    GALVESTON,TX77554
    WORTH NELSON III PRESIDENT
    10.00     		0 0 0
    7509 BROADWAY
    GALVESTON,TX77554
    JOSEPH WESLEY DOOLIN TREASURER
    5.00     		0 0 0
    7509 BROADWAY
    GALVESTON,TX77554
    ERIC FORD VICE PRESIDE
    5.00     		0 0 0
    7509 BROADWAY
    GALVESTON,TX77554
    JO ANITA SMITH SECRETARY
    5.00     		0 0 0
    7509 BROADWAY
    GALVESTON,TX77554
    GLENN URBACH EXECUTIVE DI
    40.00     		110,000 6,643 480
    7509 BROADWAY
    GALVESTON,TX77554
    TAMMY LOBAUGH DIRECTOR
    40.00     		52,528 1,482 360
    7509 BROADWAY
    GALVESTON,TX77554
    JIM GALBRAITH DIRECTOR
    2.00     		0 0 0
    7509 BROADWAY
    GALVESTON,TX77554
    VIVIAN HERNANDEZ DIRECTOR
    2.00     		0 0 0
    7509 BROADWAY
    GALVESTON,TX77554
    CHARLIE TINSLEY DIRECTOR
    2.00     		0 0 0
    7509 BROADWAY
    GALVESTON,TX77554
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    ROGER BELLINGER FACIL. ENGR.
    000.00     		61,636 6,643 440
    7509 BROADWAY
    GALVESTON,TX77554
    SUE HANKS MKT. MGR.
    000.00     		55,061 2,004 480
    7509 BROADWAY
    GALVESTON,TX77554
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MCLEOD ALEXANDER POWEL APFEL LEGAL 175,744
    PO BOX 629
    GALVESTON,TX77553
    HOLLAND KNIGHT LEGAL 165,284
    PO BOX 936937
    ATLANTA,GA31193
    CHAMBERLIN HOUSTON LLC CONSTRUCTION 101,280
    4545 LANGFIELD
    HOUSTON,TX77040
    WH COLTZER INTL CONSULTING 83,003
    1027 TREMONT ST
    GALVESTON,TX77550
    ZERO SIX CONSULTING CONSULTING 70,039
    1027 TREMONT ST
    GALVESTON,TX77550
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE BAYSMART EDUCATION PROGRAM UTILIZES THE STEM (SCIENCE, TECHNOLOGY, ENGINEERING & MATH) CURRICULUM WITH ON-VESSEL EXPERIENCE TO CONNECT CLASSROOM LEARNING WITH THE REAL- LIFE MARINE AND MARITIME WORLD. 377,782
    2 SSBG OFFERS YEAR-ROUND YOUTH CAMPS AND CLASSES FOCUSED ON THE MARINE, MARITIME, AND AQUATICS-BASED ACTIVITIES (SUCH AS SWIMMING LESSONS, MARINE CONSERVATION, AND FISHING). 119,268
    3 THE GALVESTON COMMUNITY YOUTH SAILING CENTER (GCYSC) IS A SAILING SANCTIONED COMMUNITY SAILING CENTER THAT OFFERS CLASSES, MEMBERSHIPS AND PROGRAMS WITH A SPECIAL EMPHISIS ON TEACHING YOUTH & DISABLED INDIVIDUALS THE ART OF SAILING. 254,729
    4 SSBG'S WORLD CLASS STATE OF THE ART FACIITY AND FLEET OF VESSELS ARE AVAILABLE FOR COMMUNITY USE. THE MARINA, SWIMMING POOL, VOLLEYBALL COURT, AND OUTDOOR CHAPEL. 2,431,553
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    175,000
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    175,000
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    175,000
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,625
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    172,375
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,619
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,668,085
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,668,085
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,668,085
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,668,085
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus 1,668,085
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,668,085
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
    2011-09-30
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    0       0
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		1,668,085 1,556,138 1,657,974 1,870,748 6,752,945
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,668,085 1,556,138 1,657,974 1,870,748 6,752,945
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		5,746 7,237 9,885 5,853 28,721
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		        24
    4 Dividends and interest from securities....         3,538
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    35 2,129,307 -841
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER REVENUE     		        11,243
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   2,129,307 197,945
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,327,252
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 7,740 774 6,966  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND 2014-01-01 5,447,000              
    SALSA 2 SAILBOAT 2014-01-01 96,500 57,900 S/L 10.0000 9,650   9,650  
    TOM FOOLERY SAILBOAT 2014-01-01 35,000 30,000 S/L 7.0000 5,000   5,000  
    NEW ENGINE FOR TOM FOOLERY 2014-01-01 22,455 19,247 S/L 7.0000 3,208   3,208  
    SAILBOATS (18) AT 3500 EACH 2015-01-01 63,000 63,000 S/L 5.0000        
    SONAR SAILBOATS (7) 2014-01-01 56,000 56,000 S/L 5.0000        
    NEW SAILS FOR SONARS 2014-01-01 13,667 13,667 S/L 5.0000        
    FANDANGO SAILBOAT 2014-01-01 7,000 6,000 S/L 7.0000 1,000   1,000  
    LIFT OFF SAILBOAT 2014-01-01 6,000 5,143 S/L 7.0000 857   857  
    ENGINE FOR SALSA II 2014-01-01 35,531 26,648 S/L 8.0000 4,442   4,442  
    RIGID HULL INFLATABLE BOAT 1 2014-01-01 10,724 9,192 S/L 7.0000 1,532   1,532  
    RIGID HULL INFLATABLE BOAT 2 2014-01-01 10,743 9,208 S/L 7.0000 1,535   1,535  
    RIGID HULL INFLATABLE BOAT 3 2014-01-01 10,743 9,208 S/L 7.0000 1,535   1,535  
    RIGID HULL INFLATABLE BOAT FOR BAYSMART 2014-01-01 9,999 8,571 S/L 7.0000 1,428   1,428  
    51' SAILBOAT -GAZELLE (DONATED) 2014-07-01 225,000 176,775 S/L 7.0000 32,143   32,143  
    24' COMPAC SAILBOAT (DONATED) 2014-01-01 19,000 19,000 S/L 5.0000        
    MATERIALS FOR MAJOR RENOVATION TO GAZELLE 2015-12-01 7,589 4,427 S/L 7.0000 1,084   1,084  
    M/V BAYSMART EXPRESS 2015-07-02 6,500,000 1,462,500 S/L 20.0000 325,000   325,000  
    RHIB 4 2016-01-31 2,000 1,119 S/L 7.0000 286   286  
    SHAZAM (DONATED) 2016-02-29 17,000 9,310 S/L 7.0000 2,428   2,428  
    GRAMMY GIRL (DONATED) 2016-09-30 75,000 34,821 S/L 7.0000 10,715   10,715  
    KAYAKS (DONATED) 2017-06-16 1,868 667 S/L 7.0000 267   267  
    SONAR 8 (DONATED) 2017-12-31 12,500 3,571 S/L 7.0000 1,786   1,786  
    LA ISLA 2017-01-01 362,000 155,143 S/L 7.0000 51,714   51,714  
    SKI BOAT (DONATED) 2018-05-01 13,500 4,500 S/L 5.0000 2,700   2,700  
    HOBLE (DONATED) 2018-10-01 9,000 2,250 S/L 5.0000 1,800   1,800  
    COLGATE (DONATED) 2018-10-01 1,000 250 S/L 5.0000 200   200  
    PICO SAILBOAT AND DOLLY (DONATED) 2018-11-01 1,500 350 S/L 5.0000 300   300  
    WHEEL HOUSE 2014-01-01 463,968 69,595 S/L 40.0000 11,599   11,599  
    MAINTENANCE BUILDING 2014-01-01 1,001,003 150,150 S/L 40.0000 25,026   25,026  
    SOLAR PAVILLION 2014-01-01 300,737 45,111 S/L 40.0000 7,518   7,518  
    DOOLIN HALL 2015-01-01 37,297,098 4,783,996 S/L 40.0000 932,428   932,428  
    STEEL BRACKETS FOR STAIRS - FABRICATION 2015-04-01 1,534 182 S/L 40.0000 39   39  
    GATE FOR 6TH FLOOR STAIRWAY 2015-04-01 6,592 783 S/L 40.0000 165   165  
    OUTDOOR SIGNAGE 2017-05-02 5,606   S/L 7.0000        
    APPLE IPAD SYSTEM - 49 IPAD MINIS 2014-01-01 27,954 27,954 S/L 4.0000        
    APPLE TV AND CABLE 2014-01-01 117 117 S/L 4.0000        
    IPAD MINI (1ST OF 50) 2014-01-01 329 329 S/L 4.0000        
    MACBOOK AIR WITH APP (EVENTS COORDINATOR) 2014-01-01 1,420 1,420 S/L 4.0000        
    MACBOOK AIR WITH APP (WF DIRECTOR) 2014-01-01 1,420 1,420 S/L 4.0000        
    MACBOOK AIR WITH APP (BAYSMART INTERNATIONAL) 2014-01-01 1,420 1,420 S/L 4.0000        
    IPAD (BAYSMART ED COORDINATOR) 2014-01-01 901 901 S/L 4.0000        
    IPAD (BAYSMART PROGRAM DIRECTOR) 2014-01-01 901 901 S/L 4.0000        
    IPAD (BAYSMART EXTRA) 2014-01-01 901 901 S/L 3.0000        
    MAC MINI W/OS X SERVER FOR BAYSMART 2014-01-01 1,709 1,709 S/L 4.0000        
    IPAD MINI (EXEC DIRECTOR) W/APPLECARE 2014-01-01 650 650 S/L 4.0000        
    MACBOOK AIR W/APPLE TV (EXEC DIRECTOR) 2014-01-01 2,218 2,218 S/L 4.0000        
    MAC MINI WITH SERVER APP FOR SSBG 2014-01-01 908 908 S/L 4.0000        
    REFURB MACBOOK AIR (SR. CAPTAIN) 2014-01-01 1,178 1,178 S/L 4.0000        
    REFURB MACBOOK AIR (GCYSC DIRECTOR) 2014-01-01 1,153 1,153 S/L 4.0000        
    REFURB MACBOOK AIR (BAYSMART ED COORDINATOR) 2014-01-01 1,153 1,153 S/L 4.0000        
    DELL 15.6' LED NOTEBOOK& OFFICE 2013 2014-01-01 1,291 1,291 S/L 4.0000        
    DELL 15.6IN LED NOTEBOOK COMPUTER & 2014-01-01 1,252 1,252 S/L 4.0000        
    DELL 15.6IN LED NOTEBOOK COMPUTER & 2014-01-01 1,252 1,252 S/L 4.0000        
    DELL 15.6IN LED NOTEBOOK COMPUTER 2014-01-01 1,192 1,192 S/L 4.0000        
    DELL 15.6IN LED NOTEBOOK COMPUTER 2014-01-01 1,192 1,192 S/L 4.0000        
    HP 15.6IN NOTEBOOK 2014-01-01 465 465 S/L 4.0000        
    HP 15.6IN LED NOTEBOOK 2014-01-01 465 465 S/L 4.0000        
    HP 15.6IN LED NOTEBOOK 2014-01-01 464 464 S/L 4.0000        
    GPS CHART RADAR INTERFACE FOR GAZELLE 2015-12-01 1,058 864 S/L 5.0000 194   194  
    SYNOLOGY DISKSTATION 5 BAY NETWORK 2015-05-01 816 816 S/L 4.0000        
    HARD DRIVES FOR SYNOLOGY SERVER 2015-05-01 487 487 S/L 4.0000        
    HP ZBOOK 16IN LED NOTEBOOK FOR BUSINESS 2015-11-01 1,569 1,569 S/L 4.0000        
    HB ZBOOK 16IN LED NOTEBOOK FOR OFFICE 2015-11-01 1,569 1,569 S/L 4.0000        
    CLOVER POS SYSTEM 2016-05-02 1,049 769 S/L 5.0000 210   210  
    LAPTOP COMPUTER 2016-08-18 1,499 999 S/L 5.0000 300   300  
    COMPUTER & MONITOR 2017-02-02 1,106 645 S/L 5.0000 221   221  
    COMPUTER 2017-08-24 2,525 1,178 S/L 5.0000 505   505  
    MB AIR (ASHLEY) 2017-09-19 1,075 484 S/L 5.0000 215   215  
    MBP 15 (TONY) 2017-09-19 1,900 855 S/L 5.0000 380   380  
    IMAC (NOEL) 2017-09-19 1,500 675 S/L 5.0000 300   300  
    COMPUTER (FACILITIES) 2018-01-01 1,148 459 S/L 5.0000 230   230  
    COMPUTER (ADMIN) 2018-04-16 695 232 S/L 5.0000 139   139  
    DELL COMPUTER 2019-08-27 759 51 S/L 5.0000 151   151  
    EZ DOCK 12 DOCK SYSTEM 2014-01-01 76,106 45,664 S/L 10.0000 7,610   7,610  
    EZ DOCK - 12 ADDITIONAL PORTS 2014-01-01 60,881 36,529 S/L 10.0000 6,088   6,088  
    EZ DOCK SYSTEM INSTALL 2014-01-01 9,020 5,412 S/L 10.0000 902   902  
    DOCKS - PHASE 1 2014-01-01 1,394,921 422,380 S/L 20.0000 69,746   69,746  
    PILE CAPS FOR DOCKS 2014-01-01 3,605 2,163 S/L 10.0000 360   360  
    PHASE II DOCKS 2014-01-01 1,538,001 461,400 S/L 20.0000 76,900   76,900  
    27 ALUMINUM BOLLARDS FOR DOCKS 2015-04-01 10,265 2,438 S/L 20.0000 513   513  
    LOCKING GATES FOR DOCKS 2015-08-25 34,000 7,367 S/L 20.0000 1,700   1,700  
    FURNITURE FOR WHEELHOUSE 2015-01-01 1,568 784 S/L 10.0000 157   157  
    CART STOOLS AND DESKS FOR WHEELHOUSE 2015-01-01 336 168 S/L 10.0000 34   34  
    GLASS FOR FURNITURE AND TABLE TOPS 2015-01-01 800 400 S/L 10.0000 80   80  
    TABLES DESKS SHELVING FOR WH 2015-01-01 10,001 5,001 S/L 10.0000 1,000   1,000  
    WOOD BLINDS FOR WHEELHOUSE 2015-01-01 1,500 750 S/L 10.0000 150   150  
    72IN BOOKCASES (3) 2015-01-01 1,650 825 S/L 10.0000 165   165  
    USED FURNITURE FOR GCYSC ROOM 2015-01-01 4,115 2,058 S/L 10.0000 411   411  
    72IN BOOKSHELVES (2) 2015-01-01 974 487 S/L 10.0000 98   98  
    SAFETY CABINET 2015-01-01 1,286 643 S/L 10.0000 129   129  
    60IN TV & 3YR SRVC PLAN (1 OF 2) 2015-01-01 977 698 S/L 7.0000 139   139  
    60IN TV & 3YR SRVC PLAN (2 OF 2) 2015-01-01 977 698 S/L 7.0000 139   139  
    65IN SAMSUNG TV & 3YR SRVC PLAN 2015-01-01 1,658 1,184 S/L 7.0000 237   237  
    SAMSUNG TV 2015-01-01 647 462 S/L 7.0000 93   93  
    REPAIR AND RECOVER 16 CHAIRS AND 6 BAR 2015-01-01 4,853 2,426 S/L 10.0000 486   486  
    KITCHEN EQUIPMENT 2014-10-01 292,184 153,388 S/L 10.0000 29,218   29,218  
    APPLIANCES (REFRIGERATORS & MICROWAVES) 2015-01-01 23,997 11,999 S/L 10.0000 2,399   2,399  
    BUNKBEDS FOR DORMS 2015-01-01 90,000 45,000 S/L 10.0000 9,000   9,000  
    FURNISHINGS FOR STAFF ROOMS 2014-10-01 119,058 62,505 S/L 10.0000 11,906   11,906  
    OFFICE FURNITURE 2014-10-01 91,835 48,213 S/L 10.0000 9,184   9,184  
    PATIO FURNITURE 2015-01-01 53,185 26,593 S/L 10.0000 5,318   5,318  
    BANQUET TABLES AND CHAIRS 2014-10-01 132,052 69,327 S/L 10.0000 13,205   13,205  
    SOLAR SHADES FOR 5TH FLOOR 2015-01-01 38,852 19,426 S/L 10.0000 3,885   3,885  
    RESTRICTED ACCESS FOR 5TH FLOOR 2015-01-01 5,955 2,978 S/L 10.0000 595   595  
    TRASH CANS - 35 GAL DOME TOP (6) 2015-01-01 3,771 1,885 S/L 10.0000 377   377  
    LED TV 65IN W/3YR SERVICE PLAN 2014-03-01 1,387 1,129 S/L 7.0000 199   199  
    COTS (33) 2015-01-01 1,760 880 S/L 10.0000 176   176  
    SINGLE CABINET WASTE RECEPTACLE (4) 2015-02-01 2,701 1,328 S/L 10.0000 270   270  
    TRIPLE CABINET WASTE/RECYCLE UNIT 2015-02-01 1,455 716 S/L 10.0000 145   145  
    BLACK STACKING CHAIRS (52) & STACK DOLLY 2015-03-01 3,293 1,592 S/L 10.0000 329   329  
    SINGLE TIER METAL LOCKERS (42) 2015-03-01 6,244 3,018 S/L 10.0000 624   624  
    INSTALLATION OF 5 BRACKETS TO MOUNT TV 2015-03-01 6,392 3,089 S/L 10.0000 640   640  
    OFFICE TABLE 2017-03-29 200 79 S/L 7.0000 28   28  
    TRAILER FOR BBQ SETUP 2017-04-02 2,507 985 S/L 7.0000 358   358  
    POOL CHAIR 2017-05-03 109 41 S/L 7.0000 16   16  
    EVENT TABLES 2017-10-27 1,530 474 S/L 7.0000 218   218  
    300 WOODEN EVENT CHAIRS 2019-08-14 7,491 446 S/L 7.0000 1,070   1,070  
    LANDSCAPING & IRRIGATION AROUND 2014-05-01 2,341,225 624,809 S/L 20.0000 117,061   117,061  
    PAVERS 2015-01-01 885,873 177,175 S/L 25.0000 35,435   35,435  
    FENCING - DOOLIN HALL SECTION 2015-01-01 193,141 48,285 S/L 20.0000 9,657   9,657  
    POOL 2015-01-01 618,416 154,604 S/L 20.0000 30,921   30,921  
    CHAPEL (OUTDOOR) 2015-01-01 137,855 34,464 S/L 20.0000 6,893   6,893  
    VOLLEYBALL COURT 2015-01-01 50,417 12,604 S/L 20.0000 2,521   2,521  
    PALAPAS 2015-01-01 24,100 6,025 S/L 20.0000 1,205   1,205  
    LANDSCAPE AND IRRIGATION - NORTHSIDE 2015-01-01 92,985 23,246 S/L 20.0000 4,650   4,650  
    FENCING - NORTHSIDE 2015-01-01 113,006 28,252 S/L 20.0000 5,650   5,650  
    LANDSCAPING - EAST LOT 2015-01-01 34,601 8,650 S/L 20.0000 1,730   1,730  
    FENCING - EAST LOT 2015-01-01 36,763 9,191 S/L 20.0000 1,838   1,838  
    PARKING LOT - NORTHSIDE 2014-11-01 385,925 99,697 S/L 20.0000 19,297   19,297  
    PARKING LOT - EAST LOT 2014-12-01 281,102 71,447 S/L 20.0000 14,055   14,055  
    NRS HELMETS (36) 2015-01-01 1,595 1,595 S/L 5.0000        
    TRICYCLE BIKES WITH BASKETS FOR CARGO 2015-01-01 1,018 1,018 S/L 5.0000        
    AUTOSCRUBBER CHAMP PRO 2015-01-01 3,500 3,500 S/L 5.0000        
    LAUNDRY EQUIPMENT 2015-01-01 27,315 19,511 S/L 7.0000 3,902   3,902  
    CCTV SECURITY SYSTEM 2015-02-01 11,970 11,771 S/L 5.0000 199   199  
    ZOLL AED PLUS PACKAGE (2) 2015-04-01 2,666 2,533 S/L 5.0000 133   133  
    24 GALLON FLAMABLE SAFETY CABINETS 2015-06-01 2,269 2,080 S/L 5.0000 189   189  
    BBQ PIT 2016-08-31 3,200 2,133 S/L 5.0000 640   640  
    ZOLL AE PLUS 2015-03-01 1,470 1,421 S/L 5.0000 49   49  
    MITEL IP PHONE (7) 2015-01-01 1,253 895 S/L 7.0000 179   179  
    MITEL IP PHONE (6) 2015-01-01 1,121 801 S/L 7.0000 160   160  
    CONFERENCE ROOM PHONE 2017-02-28 400 227 S/L 5.0000 80   80  
    1990 ISUZU TRUCK 2014-03-01 2,500 2,500 S/L 5.0000        
    2015 ELKHART HANDICAP ACCESSIBLE 2015-04-01 57,423 54,552 S/L 5.0000 2,871   2,871  
    2015 ELKHART HANDICAP ACCESSIBLE 2015-04-01 57,423 54,552 S/L 5.0000 2,871   2,871  
    DELIVERY OF ADA BUS 1 2015-04-01 1,454 1,381 S/L 5.0000 73   73  
    DELIVERY OF ADA BUS 2 2015-04-01 1,454 1,381 S/L 5.0000 73   73  
    SSBG WRAP FOR ADA BUS 1 2015-04-01 4,637 4,405 S/L 5.0000 232   232  
    SSBG WRAP FOR ADA BUS 2 2015-04-01 4,637 4,405 S/L 5.0000 232   232  
    BACK UP CAMERAS FOR ADA BUSES (2) 2015-05-01 1,039 970 S/L 5.0000 69   69  
    TRAILER: 5X10 TILT WITH WINCH FROM PORT 2015-05-01 1,001 934 S/L 5.0000 67   67  
    AC UNIT FOR BAYSMART WORKERS 2014-01-01 1,600 1,600 S/L 3.0000        
    SONAR ADAPTIVE EQUIPMENT 2014-01-01 2,186 2,186 S/L 5.0000        
    HYDRAULIC POOL LIFT 2014-01-01 4,826 4,826 S/L 5.0000        
    TARPS FOR TOM FOOLERY 2014-01-01 2,462 1,477 S/L 10.0000 144   144  
    ADAPTIVE SEATS FOR SONARS - 5 FORWARD 2014-01-01 3,500 2,100 S/L 10.0000 350   350  
    DELIVER & INSTALL ADAPTIVE SEATS FOR SONAR 2014-01-01 746 448 S/L 10.0000 74   74  
    HYDRAULIC POOL LIFT WITH ELECTROLYTIC 2014-04-01 17,478 10,038 S/L 10.0000 1,747   1,747  
    2 GALVANIZED TRAILERS FOR RHIBS 2015-01-01 1,950 975 S/L 10.0000 195   195  
    RHIB COVERS IN OCEAN BLUE (3) 2015-01-01 4,356 2,178 S/L 10.0000 436   436  
    TOOLS FOR BAYSMART EXPRESS 2015-01-01 2,261 1,131 S/L 10.0000 226   226  
    MATERIALS TO BUILD LOCKING STORAGE 2015-04-01 1,284 610 S/L 10.0000 128   128  
    HIGH DEF CAMERAS FOR VIEWING BOAT LIFT 2015-02-01 5,153 4,435 S/L 7.0000 718   718  
    SAILING SIMULATOR WITH DELIVERY CHARGES 2015-04-01 13,572 6,447 S/L 10.0000 1,357   1,357  
    USED TEARDROP PALLET RACK 2015-03-01 2,410 1,165 S/L 10.0000 241   241  
    18' ST LAWRENCE RIVER SKIFF PLUS WOOD 2015-11-01 1,500 893 S/L 7.0000 214   214  
    ZODIAC SURVITEC LIFE RAFT (DONATED) 2016-06-30 1,000 700 S/L 5.0000 200   200  
    BOW THRUSTER GRAMMY GIRL (DONATED) 2016-09-30 2,500 1,625 S/L 5.0000 500   500  
    MISC 2014-01-01 400              
    2005 CHEVY TRUCK 2016-03-30 11,508 8,631 S/L 5.0000 2,301   2,301  
    2015 DODGE REC'D IN TRADE FOR ASSET 1 2017-02-08 36,011 21,006 S/L 5.0000 7,203   7,203  
    COMPUTER 2020-02-21 1,598   S/L 5.0000 266   266  
    GRADY WHITE BOAT 2020-06-30 39,000   S/L 7.0000 2,786   2,786  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    TOM FOOLERY SAILBOAT 2014-01 PURCHASE 2020-08     35,000       35,000
    NEW ENGINE FOR TOM FOOLERY 2014-01 PURCHASE 2020-08     22,455       22,455
    TARPS FOR TOM FOOLERY 2014-01 PURCHASE 2020-08     2,462     -841 1,621

    TY 2020 LandEtcSchedule2
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 5,447,400   5,447,400 49,524,829
    LAND IMPROVEMENTS        
    BUILDINGS        
    PARKING LOTS        
    BOATS        
    DOCKS        
    COMPUTER & TELEPHONE EQUIPMENT        
    FURNITURE & FIXTURES        
    VEHICLES        
    WATERFRONT EQUIPMENT        


    TY 2020 LegalFeesSchedule
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 596,186 59,619 536,567  


    TY 2020 MortgagesAndNotesPayableSch
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name FOUNDER LOAN
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan  
    Balance Due 18,975,457
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan  
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 2
    Lender's Name PPP LOAN
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan  
    Balance Due 207,150
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan  
    Description of Lender Consideration  
    Consideration FMV  


    TY 2020 OtherAssetsSchedule
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MARITIME EDUCATIONAL PROGRAM IP 18,006    
    UTILITY DEPOSITS 1,400    
    ROUNDING -1 1 1


    TY 2020 OtherExpensesSchedule
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    AUTO 4,682   234 4,448
    BOAT 31,628   1,582 30,046
    ADVERTISING 87,077   4,354 82,723
    CATERING FOOD 29,986   1,499 28,487
    CONFERENCE & MEETINGS 435   22 413
    CONTRACT LABOR 60,679   3,034 57,645
    COMPUTER IT 26,949   1,347 25,602
    CREDIT CARD FEES 7,056   353 6,703
    DUES & MEMBER SHIPS 16,177   809 15,368
    FUEL 2,078   104 1,974
    INSURANCE 383,602   19,180 364,422
    LICENSES & REGISTRATIONS 930   47 883
    CELL PHONE 7,780   389 7,391
    MILEAGE 337   17 320
    REPAIRS & MAINTENANCE 137,556   6,878 130,678
    LANDSCAPE & LAWNCARE 10,151   508 9,643
    MEALS & ENTERTAINMENT 2,148   108 2,040
    JANITORIAL 2,310   116 2,194
    OFFICE 13,518   676 12,842
    PRINTING & COPYING 6,958   348 6,610
    POSTAGE & SHIPPING 823   41 782
    PROGRAM SUPPLIES 22,260   1,113 21,147
    SUPPLIES 4,601   230 4,371
    STAFF DEVELOPEMENT 6,124   306 5,818
    TELEPHONE & INTERNET 7,374   369 7,005
    UTILITIES 137,864   6,893 130,971
    UNIFORMS 425   21 404
    MISC 167   8 159
    OTHER 367   18 349
    COST OF GOODS SOLD 5,940   297 5,643
    SECURITY 20,209   1,010 19,199
    SALES TAX 23   1 22


    TY 2020 OtherIncomeSchedule2
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PROGRAM SERVICE REVENUE 183,981   183,981
    OTHER REVENUE 11,243   11,243


    TY 2020 OtherLiabilitiesSchedule
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Description Beginning of Year - Book Value End of Year - Book Value
    CUSTOMER RENTAL DEPOSITS 16,000 19,510
    GIFT CERTIFICATES 800 700
    SALES/HOTEL TAX PAYABLE 2,280 1,011
    EXCISE TAX PAYABLE   22,257
    PAYROLL PAYABLE   16,949
    CREDIT CARDS PAYABLE   10,991


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT OTHER PROFESSIONAL FEES 2,067 206 1,861  


    TY 2020 TaxesSchedule
    Name:
    SEA STAR BASE GALVESTON
    EIN:
    45-3560703
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT TAXES/LICENSES 41,772   19,215 22,557