Island Foundation
- Assets
- $1.2m
- Revenue
- $79.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 09/1976
- Data as of
- 12/2021
- EIN
- 84-0715001
Organization Overview
Island Foundation is located in Denver, CO. The organization was established in 1976. 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. Island Foundation 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 12/2021, Island Foundation generated $79.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.8% each year . All expenses for the organization totaled $322.7k during the year ending 12/2021. While expenses have increased by 23.3% 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, Island Foundation has awarded 67 individual grants totaling $860,823. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
USE FOUNDATION RESOURCES TO ENCOURAGE THE USE OF TECHNOLOGICAL EQUIPMENT, SUCH AS DRONES AND LIVE CAMERA TRAPS TO ENHANCE OUR ABILITY TO DO WILDLIFE CONSERVATION IN CONJUNCTION WITH THE WILDLIFE CONSERVATION SOCIETY.
ENCOURAGE, ENABLE AND CATALYZE EDUCATION, INCLUDING RESEARCH, SCHOLARSHIP AND PUBLICATION OF HARVARD ART MUSEUM WITH REGARDS TO ASIAN ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Sedgwick Officer | 5 | $0 | |
Walter Sedgwick Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $5,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,830 |
| Capital Gain Net Income | $74,830 |
| Net ST Capital Gain | $15,957 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $182 |
| Taxes | $2,573 |
| Depreciation | $23,370 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,834 |
| Printing and publications | $0 |
| Other expenses | $121,536 |
| Total operating and administrative expenses | $174,577 |
| Contributions, gifts, grants paid | $148,154 |
| Total expenses and disbursements | $322,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,541 |
| 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 | $25,335 |
| Net Land, buildings, and equipment | $63,831 |
| Other assets | $0 |
| Total assets | $1,206,670 |
| Accounts payable and accrued expenses | $3,989 |
| 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 | $53,601 |
| Total liabilities | $57,590 |
Grants Awarded
Over the last fiscal year, Island Foundation has awarded $148,154 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Bronx, NY PURPOSE: GENERAL FUND | $70,000 |
DUKE UNIVERSITY PURPOSE: GENERAL FUND | $30,000 |
UNIVERSITY OF SOURTHERN CALIFORNIA PURPOSE: GENERAL FUND | $20,000 |
Denver, CO PURPOSE: GENERAL FUND | $6,745 |
MONGABAY PURPOSE: GENERAL FUND | $5,000 |
Austin, TX PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |