Sapelo Foundation Inc
- Assets
- $34.9m
- Revenue
- $1.0m
- Investments
- $33.3m
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 09/1950
- Data as of
- 12/2022
- EIN
- 58-0827472
Organization Overview
Sapelo Foundation Inc is located in Savannah, GA. The organization was established in 1950. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. Sapelo Foundation 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 12/2022, Sapelo Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.1%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Sapelo Foundation Inc has awarded 195 individual grants totaling $7,728,596. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bettieanne Childers Hart Trustee | 1 | $0 | |
Christine Reeves Strigaro Executive Director | 40 | $153,965 | |
Irene Reynolds Schier Trustee | 1 | $0 | |
Laura Mountcastle Trustee, Treasurer | 1 | $0 | |
Michael Grant Trustee, Secretary | 1 | $0 | |
Midge Sweet Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colonial Consulting Llc | 12/30/19 | $74,748 |
Boston Common Asset Management | 12/30/19 | $50,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $521,560 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $486,251 |
| Capital Gain Net Income | $181,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,007,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $210,465 |
| Other employee salaries and wages | $45,749 |
| Pension plans, employee benefits | $88,342 |
| Interest | $0 |
| Taxes | $27,890 |
| Depreciation | $0 |
| Occupancy | $22,996 |
| Travel, conferences, and meetings | $73,624 |
| Printing and publications | $0 |
| Other expenses | $56,860 |
| Total operating and administrative expenses | $947,757 |
| Contributions, gifts, grants paid | $1,593,000 |
| Total expenses and disbursements | $2,540,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,593,629 |
| 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 | $7,762,119 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $51,067 |
| Total assets | $34,926,097 |
| Accounts payable and accrued expenses | $9,775 |
| Grants payable | $305,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $42,543 |
| Total liabilities | $357,318 |
Grants Awarded
Over the last fiscal year, Sapelo Foundation Inc has awarded $1,839,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY COMMUNITIES TOGETHER INC PURPOSE: GRANT TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $10,000 |
AS YOU SOW PURPOSE: TOOLS: EMERGING OPPORTUNITY GRANT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $40,000 |
AUGUSTA UNIVERSITY PURPOSE: SCHOLARSHIP AWARD FOR INDIVIDUAL(S) TO ATTEND THIS EDUCATIONAL INSTITUTION | $1,000 |
BOYS AND GIRLS CLUB OF SOUTHEAST GEORGIA PURPOSE: MCINTOSH COUNTY GRANT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $20,000 |
BVM CAPACITY BUILDING INSTITUTE PURPOSE: SOCIAL JUSTICE GRANT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $40,000 |
COMMUNITIES OF COASTAL GEORGIA FOUNDATION PURPOSE: GRANT TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $80,000 |