Richard B Sneed Foundation
- Assets
- $686.3k
- Revenue
- $87.7k
- Investments
- $639.7k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 31-1627480
Organization Overview
Richard B Sneed Foundation is located in Sarasota, FL. The organization was established in 1999. 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. Richard B Sneed 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 12/2023, Richard B Sneed Foundation generated $87.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $140.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard B Sneed Foundation has awarded 64 individual grants totaling $401,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert B Sneed President | 0.7 | $2,000 | |
Richard C Sneed Secretary | 1.84 | $0 | |
Nancy S Sneed Treasurer | 1.32 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,296 |
| Capital Gain Net Income | $33,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $28,840 |
| Interest | $0 |
| Taxes | $3,165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $224 |
| Total operating and administrative expenses | $34,315 |
| Contributions, gifts, grants paid | $106,000 |
| Total expenses and disbursements | $140,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,589 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $686,281 |
| 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, Richard B Sneed Foundation has awarded $106,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ZETA PHI FOUNDATION PURPOSE: SCHOLARSHIPS | $5,000 |
A LINCOLN PRESIDENTIAL LIBRARY FNDN PURPOSE: OPERATING | $3,000 |
AMERICAN BATTLEFIELD TRUST PURPOSE: OPERATING | $5,000 |
GETTYSBURG FOUNDATION PURPOSE: OPERATING | $5,000 |
KAPPA KAPPA GAMMA FOUNDATION PURPOSE: SCHOLARSHIPS | $20,000 |
OHIO STATE UNIVERSITY FNDN PURPOSE: SCHOLARSHIPS AND RESEARCH | $24,000 |