Sedberry Foundation Inc
- Assets
- $951.2k
- Revenue
- $55.3k
- Investments
- $121.1k
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 12/1992
- Data as of
- 12/2022
- EIN
- 72-1222008
Organization Overview
Sedberry Foundation Inc is located in Baton Rouge, LA. The organization was established in 1992. 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. Sedberry 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, Sedberry Foundation Inc generated $55.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $5.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose T Sedberry Vice President | 0 | $0 | |
Sharon Ragusa Secretary/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,001 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,333 |
| 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 | $0 |
| Total Revenue | $55,334 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $717 |
| Total operating and administrative expenses | $3,739 |
| Contributions, gifts, grants paid | $2,200 |
| Total expenses and disbursements | $5,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,001 |
| Savings and temporary cash investments | $429,973 |
| 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 | $395,135 |
| Investments—mortgage loans | $0 |
| Investments—other | $121,097 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $951,206 |
| 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 | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Sedberry Foundation Inc has awarded $2,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LSU FOUNDATION PURPOSE: TO PROMOTE THE EDUCATIONAL AND CULTURAL WELFARE OF LSU THROUGH SCHOLARSHIPS, ACADEMIC SUPPORT, RESEARCH SUPPORT, AND OTHER DESIGNATED PROJECTS FOR THE BENEFIT OF THE UNIVERSITY. | $2,000 |
LA BAPTISTS AG MISSIONS FELLOWSHIP PURPOSE: PROMOTE SELF-HELP PROJECTS AIMED AT ALLEVIATING PROVERTY, REDUCING HUNGER, AND ADVANCING THE CAUSE OF CHRIST. | $100 |
ST MARY'S RESIDENTIAL TRAINING SCHO PURPOSE: TO HELP THOSE WITH PROFOUND DEVELOPMENTAL DISABILITIES IMPROVE THEIR QUALITY OF LIFE AND REACH THEIR FULLEST POTENTIAL. | $100 |