Seven Islands Foundation Inc
- Assets
- $3.4m
- Revenue
- $48.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 62-1777455
Organization Overview
Seven Islands Foundation Inc is located in Knoxville, TN. The organization was established in 2000. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seven Islands 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 12/2023, Seven Islands Foundation Inc generated $48.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $48.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Seven Islands Foundation Inc has awarded 22 individual grants totaling $177,056. 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
ENHANCEMENT OF THE KNOXVILLE COMMUNITY, WITH A PARTICULAR EMPHASIS ON SUPPORTING THE SEVEN ISLANDS STATE BIRDING PARK AND ITS SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Claussen-Bishop President | 1 | $0 | |
Greg Hall Advisory Board Member | 1 | $0 | |
Benjamin F Mcmurry IV Treasurer | 1 | $0 | |
Tiffany Solomon Secretary | 1 | $0 | |
Mickey Johnson Advisory Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250 |
| Interest on Savings | $2,954 |
| Dividends & Interest | $26,243 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,709 |
| Capital Gain Net Income | $18,709 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,019 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,786 |
| Total operating and administrative expenses | $10,152 |
| Contributions, gifts, grants paid | $38,654 |
| Total expenses and disbursements | $48,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,230 |
| 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 | $2,063,518 |
| Total assets | $3,424,031 |
| 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, Seven Islands Foundation Inc has awarded $38,654 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF SEVEN ISLANDS STATE BIRDING PARK PURPOSE: GRANT ASSISTANCE FOR EQUIPMENT AND DONATIONS | $28,553 |
CONSERVATION FISHERIES INC PURPOSE: GRANT FOR TANK REPAIR | $10,101 |