Sea Island Foundation Inc
- Assets
- $92.9k
- Revenue
- $86.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sea Island, GA
- Founding
- 08/1952
- Data as of
- 11/2022
- EIN
- 58-6041385
Organization Overview
Sea Island Foundation Inc is located in Sea Island, GA. The organization was established in 1952. 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. Sea Island 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 11/2022, Sea Island Foundation Inc generated $86.8k 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 (11.2%) each year. All expenses for the organization totaled $89.1k during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sea Island Foundation Inc has awarded 19 individual grants totaling $348,389. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNITED WAY, 3400 PARKWOOD DRIVE, SUITE A, 2ND FLOOR, BRUNSWICK, GA 31520
GA FOOTBALL CLUB, INC., P.O. BOX 21301, SAINT SIMONS ISLAND, GA 31522
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Kennedy Director | 1 | $0 | |
Emmi Doucette Director | 1 | $0 | |
Scott Steilen Ceo/cfo | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $86,795 |
| Total Revenue | $86,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $5,400 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,840 |
| Total operating and administrative expenses | $51,638 |
| Contributions, gifts, grants paid | $37,500 |
| Total expenses and disbursements | $89,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,865 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $92,865 |
| 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, Sea Island Foundation Inc has awarded $37,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNITED WAY OF COASTAL GEORGIA PURPOSE: SUPPORT OF GENERAL ACTIVITIES | $35,000 |
GA FOOTBALL CLUB INC PURPOSE: SUPPORT OF GENERAL ACTIVITIES | $2,500 |