Elmina B Sewall Foundation
- Assets
- $198.4m
- Revenue
- $18.2m
- Investments
- $187.6m
- Employees
- 0
- Location
- Freeport, ME
- Founding
- 06/1983
- Data as of
- 12/2020
- EIN
- 01-0387404
Organization Overview
Elmina B Sewall Foundation is located in Freeport, ME. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmina B Sewall Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Elmina B Sewall Foundation generated $18.2m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $14.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elmina B Sewall Foundation has awarded 517 individual grants totaling $22,219,432. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Gabriela Alcalde Executive Director | 36 | $181,729 | |
Thomas Mitchell Investment Partner | 40 | $114,327 | |
Megan D Shore Policy Director | 40 | $112,423 | |
Tom Boutureira Community Partner | 40 | $88,346 | |
Lauress W Lawrence Community Partner | 40 | $87,824 | |
Jonah Fertig-Burd Community Partner | 40 | $81,183 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Generation Investment Management | 12/30/21 | $80,590 |
Pathstone Family Office | 12/30/21 | $168,038 |
Catchafire | 12/30/21 | $160,000 |
Providentia Group | 12/30/21 | $115,610 |
Tamarack Institute | 12/30/21 | $85,207 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $684,132 |
| Dividends & Interest | $2,501,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,830,350 |
| Capital Gain Net Income | $16,836,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,786,444 |
| Total Revenue | $18,229,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $243,089 |
| Other employee salaries and wages | $482,121 |
| Pension plans, employee benefits | $145,656 |
| Interest | $0 |
| Taxes | $110,635 |
| Depreciation | $1,088 |
| Occupancy | $46,954 |
| Travel, conferences, and meetings | $32,030 |
| Printing and publications | $0 |
| Other expenses | $460,587 |
| Total operating and administrative expenses | $2,291,064 |
| Contributions, gifts, grants paid | $12,327,236 |
| Total expenses and disbursements | $14,618,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,186 |
| Savings and temporary cash investments | $9,801,777 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $90,243 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,979,789 |
| Net Land, buildings, and equipment | $8,674 |
| Other assets | $607,308 |
| Total assets | $198,399,545 |
| Accounts payable and accrued expenses | $50,370 |
| Grants payable | $1,872,637 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $65,337 |
| Total liabilities | $1,988,344 |
Grants Awarded
Over the last fiscal year, Elmina B Sewall Foundation has awarded $10,312,350 in support to 251 organizations.
| Grant Recipient | Amount |
|---|---|
Machias, ME PURPOSE: GENERAL OPERATING SUPPORT | $430,000 |
MAINE AUDUBON PURPOSE: GENERAL OPERATING SUPPORT | $355,000 |
Bangor, ME PURPOSE: GENERAL OPERATING SUPPORT | $337,000 |
Millinocket, ME PURPOSE: GENERAL OPERATING SUPPORT | $315,500 |
Brunswick, ME PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Milbridge, ME PURPOSE: GENERAL OPERATING SUPPORT | $155,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |