Cathy And George Sakellaris Family Foundation
- Assets
- $4.4m
- Revenue
- $469.6k
- Investments
- $4.3m
- Employees
- 0
- Location
- Milton, MA
- Founding
- Data as of
- 12/2023
- EIN
- 85-4194151
Organization Overview
Cathy And George Sakellaris Family Foundation is located in Milton, MA. 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. Cathy And George Sakellaris Family 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 12/2023, Cathy And George Sakellaris Family Foundation generated $469.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (43.7%) each year.
Since 2021, Cathy And George Sakellaris Family Foundation has awarded 34 individual grants totaling $1,054,465. 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 |
|---|---|---|---|
Cathy Papoulias-Sakellaris Trustee | 0.25 | $0 | |
George Sakellaris Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $198,837 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $270,779 |
| Capital Gain Net Income | $420,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $469,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,117 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $9,587 |
| Contributions, gifts, grants paid | $480,000 |
| Total expenses and disbursements | $489,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $101,734 |
| 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 | $35,000 |
| 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 | $0 |
| Total assets | $4,421,898 |
| 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 | $11,040 |
| Total liabilities | $11,040 |
Grants Awarded
Over the last fiscal year, Cathy And George Sakellaris Family Foundation has awarded $480,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA OMEGA COUNCIL PURPOSE: GENERAL SUPPORT | $50,000 |
DANA FARBER PURPOSE: GENERAL SUPPORT | $50,000 |
GREEK ORTHODOX LADIES PHILOPTOCHOS SOCIETY INC PURPOSE: GENERAL SUPPORT | $5,000 |
GREEK ORTHODOX METROPOLIS OF BOSTON PURPOSE: GENERAL SUPPORT | $15,000 |
HELLENIC WOMEN'S CLUB PURPOSE: GENERAL SUPPORT | $10,000 |
MILTON ACADEMY PURPOSE: GENERAL SUPPORT | $5,000 |