Sinex Education Foundation Inc
- Assets
- $640.1k
- Revenue
- $43.6k
- Investments
- $639.1k
- Employees
- 0
- Location
- Singer Island, FL
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 03-0356063
Organization Overview
Sinex Education Foundation Inc is located in Singer Island, FL. The organization was established in 1998. 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. Sinex Education 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, Sinex Education Foundation Inc generated $43.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $7.5k during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 4 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 2020, Sinex Education Foundation Inc has awarded 12 individual grants totaling $198,204. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PROGRAMS THAT BENEFIT YOUNG CHILDREN INCLUDING ART MUSIC ATHLETICS AND OTHER TYPES OF ACTIVITY PROGRAMS OFFERED BY SCHOOLS OR ORGANIZATIONS THAT BENEFIT YOUNG CHILDREN SUCH AS A YOUTH HOCKEY PROGRAM OR A YMCA YWCA.
GRANTS TO HUMANE SOCIETIES SUCH AS THE SPCA AND HUMANE SOCIETY OF THE UNITED STATES FOR THE BENEFIT OF ANIMALS.
SCHOLARSHIP GRANTS TO CHILDREN TO ATTEND PRIVATE SCHOOLS AND OR UNIVERSITY AND OR COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald F Sinex Trustee | 5 | $0 | |
Thomas P Zarilli Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $36,120 |
| Total Revenue | $43,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $5,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,000 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $7,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| 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 | $639,120 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $640,120 |
| 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, Sinex Education Foundation Inc has awarded $180,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MIAMI LAW SCHOOL PURPOSE: EDUCATION | $50,000 |
UNIVERSITY OF MIAMI LAW SCHOOL PURPOSE: EDUCATION | $50,000 |
HUMANE SOCIETY OF AMERICA PURPOSE: ANIMAL AND EDUCATION | $20,000 |
HUMANE SOCIETY OF AMERICA PURPOSE: ANIMAL AND EDUCATION | $20,000 |
Tampa, FL PURPOSE: RESEARCH MEDICAL | $10,000 |
SCRAG MUSIC FESTIVAL PURPOSE: CULTURAL ACTIVITIES AND EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |