Sunshine Foundation
- Assets
- $26.8m
- Revenue
- $2.1m
- Investments
- $25.8m
- Employees
- 0
- Location
- Woodbury, NY
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 56-6615926
The information for Sunshine Foundation is as of the organization's most recent filing in December 2019. This organization is located in Woodbury, NY, and has been in existence since 2003, making it 16 years old.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Sunshine Foundation's NTEE code is T90. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "90" tells us that the organization is a Named Trusts N.E.C. The NTEE describes Named Trusts N.E.C. as trusts not classified elsewhere.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset has six years of grant history for the Sunshine Foundation. In that time, they have awarded 195 grants, with an average check size of $13,538. The majority of grants have been awarded in the Human Services sector (16), followed by Medical Research (15), Education (9), and other sectors. Additionally, the organization most frequently awards grants in the state of New York (84), followed by Tennessee (10), New Jersey (8), Virginia (11), and Florida (10).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Shalik Trustee | 15 | $140,000 | |
Stacy Parsell Executive Director, Philanthropy | 35 | $135,000 | |
James Devita Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $895,000 |
| Interest on Savings | $2 |
| Dividends & Interest | $1,121,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,431 |
| Capital Gain Net Income | $55,431 |
| Net ST Capital Gain | $7,565 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,071,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $275,000 |
| Other employee salaries and wages | $5,417 |
| Pension plans, employee benefits | $8,576 |
| Interest | $0 |
| Taxes | $40,761 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,362 |
| Printing and publications | $0 |
| Other expenses | $147,199 |
| Total operating and administrative expenses | $491,663 |
| Contributions, gifts, grants paid | $2,991,120 |
| Total expenses and disbursements | $3,482,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $964,674 |
| 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 | $10,200 |
| Total assets | $26,794,175 |
| 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 | $46,742 |
| Total liabilities | $46,742 |
Grants Awarded
Over the last fiscal year, Sunshine Foundation has awarded $2,991,120 in support to 153 organizations.
| Grant Recipient | Amount |
|---|---|
ISLAND HARVEST PURPOSE: FOOD AND FEEDING PROGRAMS | $230,000 |
FOOD BANK FOR NYC PURPOSE: FOOD AND FEEDING PROGRAMS | $145,030 |
CITY HARVEST PURPOSE: FOOD AND FEEDING PROGRAMS | $120,000 |
Hauppauge, NY PURPOSE: FOOD AND FEEDING PROGRAMS | $85,500 |
FOOD BANK FOR NYC PURPOSE: THANKSGIVING AND HOLIDAY TURKEY AND TRIMMINGS | $50,000 |
Hauppauge, NY PURPOSE: THANKSGIVING AND HOLIDAY TURKEY AND TRIMMINGS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |