Sunshine Approach Foundation Company Inc
- Assets
- $366.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lewes, DE
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-3042280
Organization Overview
Sunshine Approach Foundation Company Inc is located in Lewes, DE. The organization was established in 2015. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunshine Approach Foundation Company 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 12/2023, Sunshine Approach Foundation Company Inc generated $140.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $103.1k during the year ending 12/2023. While expenses have increased by 23.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CONTRIBUTIONS ARE USED TO UPLIFT THE POOR AND ORPHANED IN MOZAMBIQUE. SUNSHINE HOUSES PURCHASED AND PROVIDED FOR VULNERABLE WOMAN AND 3-4 ORPHANED CHILDREN. COMMUNITY PROJECTS ARE OPERATED AT EACH HOUSE, AS WELL AS FULFILLING EDUCATIONAL AND MEDICAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Larson President | 10 | $0 | |
Theresa Larson Vice President | 40 | $0 | |
Brent Larson Board Member | 15 | $0 | |
Jeff Harvey Board Member | 0.25 | $0 | |
Liz Mcgrail Board Member | 0.25 | $0 | |
Ryan Correia Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,888 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1 |
| Total Revenue | $140,889 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $103,109 |
| Total expenses | $103,109 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,058 |
| Other assets | $0 |
| Total assets | $366,949 |
| Total liabilities | $0 |
| Net assets or fund balances | $366,949 |