Vermilion Sea Institute
Only null% goes to programs Thin reserves Growing revenue
Vermilion Sea Institute is a 501(c)(3) organization based in Seattle, Washington, registered in 2007, with $358,659 in FY2023 revenue. CharityIndex grades it D.
4422 Bagley Ave N Apt 108, Seattle, WA, 98103 EIN 20-8381814 Since 2007
Revenue (FY2023)
$359K
▲ 13.6% vs prior year
Education median: $200K
Expenses (FY2023)
$496K
Net assets
$18K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Vermilion Sea Institute— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -38% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Vermilion Sea Institute: 0 mo reserves · -38% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Vermilion Sea Institute— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Vermilion Sea Institute: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4422 Bagley Ave N Apt 108, Seattle, WA, 98103
- City
- Seattle
- State
- Washington
- Category
- Education
- Subcategory
- Educational Services
- Website
- …
Financial trends
Revenue grew from $10 (FY2011) to $359K (FY2023) across 12 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $14KNet assets $18K
Operating margin
-38.4%
Spent more than it raised in the latest fiscal year.
Total assets
$32K
Total liabilities
$14K
Net assets
$18K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $358,659▲13.6% | $496,283▲33.1% | $17,600▼88.7% | $32,091▼79.7% | 990 |
| 2022 | $315,660▲3.4% | $372,731▲46.8% | $155,485▼27.5% | $158,444▼26.3% | 990 |
| 2021 | $305,376▲96.1% | $253,823▲39.5% | $214,596▲32.0% | $215,050▲30.2% | 990 |
| 2020 | $155,693▼73.1% | $181,984▼68.6% | $162,543▼13.9% | $165,150▼12.9% | 990 |
| 2019 | $579,585▲75.5% | $578,933▲100.0% | $188,846▲0.3% | $189,556▼0.9% | 990 |
| 2018 | $330,266▲76.4% | $289,506▲273% | $188,194▼6.1% | $191,196▼4.6% | 990 |
| 2017 | $187,278▲5.2% | $77,556▼22.8% | $200,378▲121% | $200,378▲121% | 990EZ |
| 2016 | $177,937▲76.6% | $100,409▲3.4% | $90,656▲591% | $90,656▲591% | 990EZ |
| 2015 | $100,729▲9.5% | $97,137▲10.2% | $13,128▲37.7% | $13,128▲37.7% | 990EZ |
| 2014 | $92,023▲3.5% | $88,147▼34.3% | $9,536▲68.5% | $9,536▲68.5% | 990EZ |
| 2013 | $88,931▲889210% | $134,118▲362381% | $5,660▲410% | $5,660▲4288% | 990EZ |
| 2011 | $10 | $37 | -$1,825 | $129 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $355K total
12 grants to Vermilion Sea Institute totaling $355K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Globalgiving Foundation Inc | Funds raised by globalgiving and disbursed to meet donor expectations | 2024 | $13,098 |
| Globalgiving Foundation Inc | Funds raised by globalgiving and disbursed to meet donor expectations | 2023 | $9,001 |
| Globalgiving Foundation Inc | Funds raised by globalgiving and disbursed to meet donor expectations | 2022 | $5,132 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $50,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $50,000 |
| Globalgiving Foundation Inc | Funds raised by globalgiving and disbursed to meet donor expectations | 2021 | $8,409 |
| Network For Good Inc | Unrestricted | 2020 | $42,220 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $25,000 |
| Network For Good Inc | Unrestricted | 2019 | $26,882 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $25,000 |
| Impactassets Inc | General operating support | 2019 | $15,000 |
| Network For Good Inc | Unrestricted | 2018 | $85,270 |
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Frequently asked questions
- Is Vermilion Sea Institute a legitimate nonprofit?
- Yes. Vermilion Sea Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-8381814, based in Seattle, Washington. Donations are tax-deductible.
- What is Vermilion Sea Institute's EIN?
- Vermilion Sea Institute's Employer Identification Number (EIN) is 20-8381814.
- How much revenue does Vermilion Sea Institute report?
- Vermilion Sea Institute reported $358,659 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Vermilion Sea Institute have?
- CharityIndex grades Vermilion Sea Institute D, based on financial health (reserves and operating margin).
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Explore more
Data for Vermilion Sea Institute (EIN 20-8381814) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.