Sea Island Foundation Tr
- Assets
- $120.5k
- Revenue
- $74.7k
- Investments
- $113.0k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/1995
- Data as of
- 12/2022
- EIN
- 13-7053448
Organization Overview
Sea Island Foundation Tr is located in Dallas, TX. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sea Island Foundation Tr 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, Sea Island Foundation Tr generated $74.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $107.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $2,073 | |
Paul R Haklisch Co-Trustee | 1 | $0 | |
Carmela S Haklisch Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,056 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,884 |
| Capital Gain Net Income | $45,884 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,073 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,478 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $4 |
| Other expenses | $136 |
| Total operating and administrative expenses | $3,691 |
| Contributions, gifts, grants paid | $104,000 |
| Total expenses and disbursements | $107,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,454 |
| 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 | $120,483 |
| 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, Sea Island Foundation Tr has awarded $104,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STERLING & FRANCINE CLARK ART INSTITUTE PURPOSE: UNRESTRICTED GENERAL | $74,000 |
ASHLEY HALL SCHOOL PURPOSE: UNRESTRICTED GENERAL | $25,000 |
SC ENVIRONMENTAL LAW PROJECT INC PURPOSE: UNRESTRICTED GENERAL | $5,000 |