Sunshine Charitable Foundation
- Assets
- $118.8m
- Revenue
- $45.6m
- Investments
- $60.3m
- Employees
- 0
- Location
- Libertyville, IL
- Founding
- 04/2005
- Data as of
- 06/2023
- EIN
- 20-1919538
Organization Overview
Sunshine Charitable Foundation is located in Libertyville, IL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sunshine Charitable 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 06/2023, Sunshine Charitable Foundation generated $45.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $8.9m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sunshine Charitable Foundation has awarded 291 individual grants totaling $42,338,554. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President Director | 0 | $0 | |
Name Not Listed Vice President Director | 0 | $0 | |
Name Not Listed Secretary Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ernst & Young Llp | 6/29/18 | $236,833 |
Farella Braun Martel Llp | 6/29/18 | $51,176 |
Tlp Services | 6/29/18 | $1,328,337 |
Tlp Trading Llc | 6/29/18 | $79,574 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $484,789 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,566,719 |
| Capital Gain Net Income | $45,435,330 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$435,006 |
| Total Revenue | $45,616,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $654 |
| Taxes | $842 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $277,599 |
| Total operating and administrative expenses | $1,631,632 |
| Contributions, gifts, grants paid | $7,272,365 |
| Total expenses and disbursements | $8,903,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $857,542 |
| Savings and temporary cash investments | $57,675,168 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $60,309,204 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $118,841,914 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $50,000 |
| Total liabilities | $50,000 |
Grants Awarded
Over the last fiscal year, Sunshine Charitable Foundation has awarded $7,272,365 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
AAAAI FOUNDATION PURPOSE: GENERAL SUPPORT GRANT | $5,000 |
AMERICAN LAB RESCUE INC PURPOSE: GENERAL SUPPORT GRANT | $1,000 |
APFED PURPOSE: GENERAL SUPPORT GRANT | $10,000 |
AMES EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT GRANT | $20,000 |
CELIAC DISEASE FOUNDATION PURPOSE: GENERAL SUPPORT GRANT | $1,000 |
CHILDRENS BRITTLE BONE FOUNDATION PURPOSE: GENERAL SUPPORT GRANT | $1,000 |