Sebastian Foundation
- Assets
- $0.0
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 03/1981
- Data as of
- 08/2021
- EIN
- 38-2340219
The information for Sebastian Foundation is as of the organization's most recent filing in August '21. This organization is located in Grand Rapids, MI. It has been in existence for 40 years, following its founding in 1981.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Sebastian Foundation's NTEE code is T20, indicating that it falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. As a Private Grantmaking Foundation, the organization is a nongovernmental, nonprofit organization with funds and programs managed by its own trustees or directors. Its main purpose is to maintain or aid social, educational, religious, or other charitable activities serving the common welfare, primarily through grantmaking. Additionally, the Sebastian Foundation is classified as a 501(c)(3) organization, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work according to the Internal Revenue Code.
Grant History
Our dataset includes three years of grant history for the Sebastian Foundation. Over the course of these three years, they have awarded a total of 172 grants, with an average check size of $24,023. The organization most frequently awards grants in the state of Michigan, with all 172 grants being awarded there. In terms of NTEE sectors, the Sebastian Foundation has awarded grants in various sectors, with the highest number of grants awarded in Religion-Related (18) and Arts, Culture & Humanities (18), followed by Human Services (10).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Jones Director | 40 | $100,000 | |
David S Sebastian President/director | 2 | $0 | |
John O Sebastian Secretary/treasurer/direct | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $156,153 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $936,091 |
| Capital Gain Net Income | $936,091 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,092,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,172 |
| Interest | $0 |
| Taxes | $48 |
| Depreciation | $0 |
| Occupancy | $32,565 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,685 |
| Total operating and administrative expenses | $206,999 |
| Contributions, gifts, grants paid | $2,081,200 |
| Total expenses and disbursements | $2,288,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Sebastian Foundation has awarded $2,081,200 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: GENERAL FUND | $100,000 |
Grand Rapids, MI PURPOSE: GENERAL FUND | $100,000 |
West Olive, MI PURPOSE: GENERAL FUND | $100,000 |
Grand Rapids, MI PURPOSE: GENERAL FUND | $100,000 |
DWELLING PLACE PURPOSE: GENERAL FUND | $75,000 |
CHILDREN'S ADVOCACY CENTER PURPOSE: GENERAL FUND | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |