Albert E & Naomi B Sinnisen Foundation
- Assets
- $713.4k
- Revenue
- $100.1k
- Investments
- $642.6k
- Employees
- 0
- Location
- Williamsport, MD
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 52-6321486
Organization Overview
Albert E & Naomi B Sinnisen Foundation is located in Williamsport, MD. The organization was established in 1987. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Albert E & Naomi B Sinnisen 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, Albert E & Naomi B Sinnisen Foundation generated $100.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $76.6k during the year ending 12/2023. While expenses have increased by 3.5% 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.
Since 2020, Albert E & Naomi B Sinnisen Foundation has awarded 42 individual grants totaling $236,098. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard S Kaylor Trustee | 0.5 | $1,655 | |
Eleanor V Lakin Trustee | 0.5 | $1,655 | |
Stuart L Mullendore Trustee | 0.5 | $1,655 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,618 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,494 |
| Capital Gain Net Income | $73,494 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,965 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $796 |
| Total operating and administrative expenses | $21,774 |
| Contributions, gifts, grants paid | $54,826 |
| Total expenses and disbursements | $76,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,214 |
| Savings and temporary cash investments | $69,589 |
| 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 | $713,397 |
| 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, Albert E & Naomi B Sinnisen Foundation has awarded $54,826 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE INTERFAITH SERVICE COALITION PURPOSE: DISHWASHERS MARTHAS HOUSE | $1,100 |
HANCOCK FIRE COMPANY INC PURPOSE: WATER SOFTNER | $7,500 |
STAR COMMUNITY INC PURPOSE: HEALTH NUTRICIAN PROGRAM | $7,000 |
CHILDREN IN NEED INC PURPOSE: CLIENT MONTHLY VISITS | $4,000 |
HANCOCK RESCUE SQUAD PURPOSE: EQUIPMENT ENHANCEMENTS | $7,500 |
GIRLS INC OF WASHINGTON COUNTY PURPOSE: TELEPHONE SYSTEM UPGRADE | $4,000 |