Sutherland Foundation Inc
- Assets
- $4.2m
- Revenue
- $204.4k
- Investments
- $3.9m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/1990
- Data as of
- 03/2022
- EIN
- 61-6175862
Organization Overview
Sutherland Foundation Inc is located in Louisville, KY. The organization was established in 1990. 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. Sutherland 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 03/2022, Sutherland Foundation Inc generated $204.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (36.5%) each year. All expenses for the organization totaled $663.1k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sutherland Foundation Inc has awarded 96 individual grants totaling $1,489,456. 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 |
|---|---|---|---|
Laura Lee Brown Director | 0 | $0 | |
Garvin Deters Director-Chairman | 1 | $40,000 | |
Laura Lee Gastis Director-Secretary | 1 | $0 | |
Polk Deters Director | 0 | $0 | |
James Seiler Director-Treasurer | 1 | $0 | |
George Gastis Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $212,292 |
| Net Rental Income | -$672 |
| Net Gain on Sale of Assets | $3,952 |
| Capital Gain Net Income | $3,953 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$11,851 |
| Total Revenue | $204,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,459 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,644 |
| Printing and publications | $0 |
| Other expenses | $674 |
| Total operating and administrative expenses | $126,793 |
| Contributions, gifts, grants paid | $536,350 |
| Total expenses and disbursements | $663,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $205,652 |
| 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 | $1,479,983 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,155,152 |
| 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, Sutherland Foundation Inc has awarded $444,001 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ADELANTE HISPANIC ACHIEVERS PURPOSE: GENERAL FUND-UNRESTRICTED | $15,000 |
ASHEVILLE CITY SCHOOLS FOUNDATION PURPOSE: GENERAL FUND-UNRESTRICTED | $5,000 |
BLESSINGS IN A BACKPACK PURPOSE: GENERAL FUND-UNRESTRICTED | $3,000 |
BOYS & GIRLS CLUB OF KENTUCKIANA PURPOSE: GENERAL FUND-UNRESTRICTED | $3,000 |
COLABORATIVE LA MILPA PURPOSE: GENERAL FUND-UNRESTRICTED | $19,000 |
COLORADO SOCCER FOUNDATION PURPOSE: GENERAL FUND-UNRESTRICTED | $6,000 |