Snowden Foundation
- Assets
- $1.1m
- Revenue
- $43.8k
- Investments
- $1.0m
- Employees
- 0
- Location
- Biddeford Pool, ME
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 20-2044987
Organization Overview
Snowden Foundation is located in Biddeford Pool, ME. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Snowden 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, Snowden Foundation generated $43.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $77.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Snowden Foundation has awarded 113 individual grants totaling $416,500. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,100 |
| Dividends & Interest | $21,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,337 |
| Capital Gain Net Income | $21,337 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11 |
| Taxes | $1,572 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,029 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $77,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,242 |
| 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 | $1,221 |
| Total assets | $1,058,470 |
| Accounts payable and accrued expenses | $1,235 |
| 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 | $1,235 |
Grants Awarded
Over the last fiscal year, Snowden Foundation has awarded $60,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ARM IN ARM PURPOSE: GENERAL OPERATIONS | $2,500 |
ANIMAL WELFARE SOCIETY PURPOSE: GENERAL OPERATIONS | $2,500 |
BIG BROTHERSBIG SISTERS MERCER COU PURPOSE: GENERAL OPERATIONS | $2,500 |
CHURCH FARM SCHOOL PURPOSE: GENERAL OPERATIONS | $10,000 |
DEERFIELD ACADEMY PURPOSE: BROPHY MEMORIAL FUND CONTRIBUTION | $3,000 |
SAVE PURPOSE: GENERAL OPERATIONS | $2,500 |