Sailfish Point Foundation Inc
- Assets
- $1.5m
- Revenue
- $625.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Stuart, FL
- Founding
- 12/2000
- Data as of
- 06/2022
- EIN
- 65-0978271
Organization Overview
Sailfish Point Foundation Inc is located in Stuart, FL. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sailfish Point 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 06/2022, Sailfish Point Foundation Inc generated $625.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $497.6k during the year ending 06/2022. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sailfish Point Foundation Inc has awarded 45 individual grants totaling $1,104,445. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT FOR THE NEEDY CHILDREN AND ADULT RESIDENTS OF MARTIN COUNTY, FLORIDA AND EMPLOYEES OF SAILFISH POINT POA SO AS TO ENABLE THEM TO ENJOY MORE SUCCESSFUL AND HAPPY LIVES. SUCH SUPPORT SHALL INCLUDE, BUT NOT BE LIMITED TO, SUPPORTING THE ATTAINMENT OF A FORMAL EDUCATION FOR SUCH INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS FOR 120 COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Batterson President | OfficerTrustee | 4 | $0 |
Ross Strickland Treasurer | OfficerTrustee | 4 | $0 |
Diane Lusk Prior Vice President | OfficerTrustee | 0 | $0 |
Robyn Cohn Secretary | OfficerTrustee | 4 | $0 |
Linda Houston Vice President | OfficerTrustee | 4 | $0 |
Lori Corcoran Vice President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,413 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $562,676 |
| Noncash contributions included in lines 1a–1f | $18,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,089 |
| Total Program Service Revenue | $0 |
| Investment income | $413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,456 |
| Net Income from Fundraising Events | $1,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $625,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $452,549 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,320 |
| Office expenses | $1,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $497,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,873 |
| Savings and temporary cash investments | $910,004 |
| Pledges and grants receivable | $25,300 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,494,177 |
| Accounts payable and accrued expenses | $3,500 |
| Grants payable | $363,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,491 |
| Total liabilities | $370,491 |
| Net assets without donor restrictions | $1,123,686 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,494,177 |
Grants Awarded
Over the last fiscal year, Sailfish Point Foundation Inc has awarded $31,825 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Palm City, FL PURPOSE: YOUTH PROGRAMS | $30,000 |
New York, NY PURPOSE: RESEARCH | $1,825 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sailfish Point Foundation Inc has recieved totaling $57,700.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $26,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $21,200 |
Community Foundation Martin St Lucie Inc Stuart, FL PURPOSE: OPERATING AND PROGRAM SUPPORT | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |