The Sutcliffe Foundation
- Assets
- $465.5k
- Revenue
- $12.9k
- Investments
- $459.2k
- Employees
- 0
- Location
- Solana Beach, CA
- Founding
- 04/1989
- Data as of
- 11/2023
- EIN
- 33-0072137
Organization Overview
The Sutcliffe Foundation is located in Solana Beach, CA. The organization was established in 1989. 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. Sutcliffe 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 11/2023, Sutcliffe Foundation generated $12.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $34.1k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sutcliffe Foundation has awarded 32 individual grants totaling $137,100. 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
CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Sutcliffe Director | 0 | $0 | |
Barry Axelrod Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $12,052 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $827 |
| Capital Gain Net Income | $827 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $422 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49 |
| Total operating and administrative expenses | $7,092 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $34,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,261 |
| 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 | $459,200 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $465,461 |
| 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, The Sutcliffe Foundation has awarded $27,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WORKSHOPS FOR WARRIORS PURPOSE: MANUFACTURING TRAINING FOR VETS | $2,500 |
MILITARY SPOUSE ASSN OF CAMP PENDEL PURPOSE: SUPPORT THE LOCAL COMMUNITY | $5,000 |
BEST DEFENSE FOUNDATION PURPOSE: SUPPORT MILITARY VETERANS | $3,000 |
TOYS FOR JOY PURPOSE: SUPPORT FAMILIES AROUND HOLIDAYS | $3,000 |
RANCHO COASTAL HUMANE SOCIETY PURPOSE: HELP ABANDONED ANIMALS | $3,000 |
ALPHAPOINTE PURPOSE: EMPOWER PEOPLE WITH VISION LOSS | $2,500 |