Island Outreach Foundation Inc
- Assets
- $20.0m
- Revenue
- $2.2m
- Investments
- $15.6m
- Employees
- 0
- Location
- Center Moriches, NY
- Founding
- 05/2008
- Data as of
- 05/2022
- EIN
- 26-0734110
Organization Overview
Island Outreach Foundation Inc is located in Center Moriches, NY. The organization was established in 2008. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Island Outreach Foundation Inc 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 05/2022, Island Outreach Foundation Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $2.6m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Island Outreach Foundation Inc has awarded 45 individual grants totaling $2,309,847. 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 |
|---|---|---|---|
Allison Knapp Director | 1 | $5,000 | |
Jesse Sangiovanni Director | 1 | $4,000 | |
David Knapp Director | 1 | $4,000 | |
Danielle Knapp Sangiovanni Director | 1 | $4,000 | |
Margaret King Director | 1 | $4,000 | |
Michele Knapp Director | 1 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $453,773 |
| Interest on Savings | $0 |
| Dividends & Interest | $421,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,293,184 |
| Capital Gain Net Income | $1,293,184 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,168,344 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $157 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $185,543 |
| Total operating and administrative expenses | $336,750 |
| Contributions, gifts, grants paid | $2,309,847 |
| Total expenses and disbursements | $2,646,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,271,998 |
| 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 | $119,548 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $293,910 |
| Net Land, buildings, and equipment | $78 |
| Other assets | $0 |
| Total assets | $19,989,596 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Island Outreach Foundation Inc has awarded $2,309,847 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
Stony Brook, NY PURPOSE: CHARITABLE CONTRIBUTION | $775,000 |
Deer Park, NY PURPOSE: CHARITABLE CONTRIBUTION | $285,000 |
HABITAT FOR HUMANITY SUFFOLK PURPOSE: CHARITABLE CONTRIBUTION | $225,420 |
Sayville, NY PURPOSE: CHARITABLE CONTRIBUTION | $188,328 |
Lindenhurst, NY PURPOSE: CHARITABLE CONTRIBUTION | $125,000 |
Southampton, NY PURPOSE: CHARITABLE CONTRIBUTION | $114,440 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |