Sayles & Maddocks Family Foundation
- Assets
- $1.5m
- Revenue
- $248.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- West Boothbay Harbor, ME
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 06-6395098
Organization Overview
Sayles & Maddocks Family Foundation is located in West Boothbay Harbor, ME. The organization was established in 1994. 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. Sayles & Maddocks 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 12/2022, Sayles & Maddocks Family Foundation generated $248.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $204.9k during the year ending 12/2022. While expenses have increased by 7.0% 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 2016, Sayles & Maddocks Family Foundation has awarded 130 individual grants totaling $1,115,600. 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 |
|---|---|---|---|
Marily M Kerney Pres./trustee | 0.5 | $0 | |
David M Harris Treas./trustee | 0.1 | $0 | |
Jonathan B Baldwin Vp/trustee | 0.1 | $0 | |
Sara Mccarthy Trustee | 0.1 | $0 | |
Patricia Sayles Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56 |
| Dividends & Interest | $50,138 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $198,165 |
| Capital Gain Net Income | $179,122 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $248,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,217 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,397 |
| Contributions, gifts, grants paid | $179,500 |
| Total expenses and disbursements | $204,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,513 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,544,306 |
| 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, Sayles & Maddocks Family Foundation has awarded $204,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
WHEATON COLLEGE PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
SIMMONS UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSES | $16,000 |
AMERICAN RED CROSS PURPOSE: GENERAL CHARITABLE PURPOSES | $18,000 |
NORWALK HOSPITAL FDN PURPOSE: GENERAL CHARITABLE PURPOSES | $22,000 |
UNITARIAN CHURCH OF WESTPORT PURPOSE: GENERAL CHARITABLE PURPOSES | $7,000 |