Sankaty Head Foundation Inc
- Assets
- $9.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Siasconset, MA
- Founding
- 12/1993
- Data as of
- 12/2022
- EIN
- 04-2315931
Organization Overview
Sankaty Head Foundation Inc is located in Siasconset, MA. The organization was established in 1993. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Sankaty Head Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sankaty Head 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, Sankaty Head Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATING A SUMMER CADDIE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CADDIE PROGRAM PROVIDING EDUCATIONAL & RECREATIONAL PROGRAMS FOR 65 YOUNG MEN. THE PROGRAM IS DESIGNED TO FOSTER PHYSICAL FITNESS, COOPERATION, AND LEADERSHIP SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Drucker Secretary | OfficerTrustee | 2 | $0 |
Jacques Wullschleger President | OfficerTrustee | 2 | $0 |
F Duffield Meyercord Trustee | Trustee | 1 | $0 |
Mary M Greig Trustee | Trustee | 1 | $0 |
James L Malone III Trustee | Trustee | 1 | $0 |
Francis X Queally Jr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $187,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,028,669 |
| Noncash contributions included in lines 1a–1f | $74,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,216,169 |
| Total Program Service Revenue | $11,323 |
| Investment income | $116,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,990 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,451,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $386,697 |
| 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 | $314,983 |
| 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 | $11,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,852 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,113 |
| Office expenses | $25,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $246,814 |
| Travel | $16,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,217 |
| Insurance | $72,402 |
| All other expenses | $23,055 |
| Total functional expenses | $1,509,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,500 |
| 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 | $2,966,785 |
| Investments—publicly traded securities | $6,360,687 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,690,171 |
| Accounts payable and accrued expenses | $61,554 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $61,554 |
| Net assets without donor restrictions | $5,264,594 |
| Net assets with donor restrictions | $4,364,023 |
| 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 | $9,690,171 |