The Susie Foundation Inc
- Assets
- $218.5k
- Revenue
- $258.2k
- Investments
- $0.0
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 46-2687969
Organization Overview
The Susie Foundation Inc is located in West Hartford, CT. The organization was established in 2015. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Susie 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, Susie Foundation Inc generated $258.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $207.7k during the year ending 12/2022. While expenses have increased by 42.4% per year over the past 5 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
THE MISSION OF THE SUSIE FOUNDATION IS PROVIDE FAMILIES LIVING WITH AMYOTROPHIC LATERAL SCLEROSIS (ALS OR LOU GEHRIG'S DISEASE) WITH COMPASSIONATE AND ENDURING SUPPORT SERVICES THAT HELP THEM OVERCOME THE ADVERSITIES OF THE DISEASE AND ACCESS RICHER, FULLER, AND MORE MEANINGFUL LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUSIE FOUNDATION PROVIDED $114,824.97 IN GRANT FUNDING TO 118 FAMILIES LIVING WITH AMYOTROPHIC LATERAL SCLEROSIS TO HELP OFFSET OUT-OF-POCKET MEDICAL SUPPORT COSTS. BY DOING SO, THE SUSIE FOUNDATION IS HELPING INDIVIDUALS ACROSS NEW ENGLAND LIVING WITH AMYOTROPHIC LATERAL SCLEROSIS TO CONTINUE RESIDING SAFELY AND COMFORTABLY IN THEIR OWN HOMES, WHILE RECEIVING THE SUPPORT THEY NEED TO ACHIEVE RICHER, FULLER, AND MORE MEANINGFUL LIVES.
THE SUSIE FOUNDATION PROVIDED $6,000 IN SPONSORSHIP FUNDING TO HOPE LOVES COMPANY (EIN: 20-8418402) IN ORDER TO PROVIDE FAMILIES ACROSS NEW ENGLAND LIVING WITH AMYOTROPHIC LATERAL SCLEROSIS NO-COST ACCESS TO A THREE-DAY, OVERNIGHT RETREAT FOR CHILDREN AND YOUNG ADULTS, AGES 6-21, WHO HAVE OR HAVE HAD A LOVED ONE BATTLING ALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Matthews Founder & Executive Director | Officer | 2 | $0 |
Aaron Smith Board Of Directors | Trustee | 2 | $0 |
Neil Matthews Board Of Directors | Trustee | 2 | $0 |
Christopher Hershey Board Of Directors | Trustee | 2 | $0 |
Eric Turmel Board Of Directors | Trustee | 2 | $0 |
Samantha Grenus Board Of Directors | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $149,604 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,691 |
| Total Program Service Revenue | $0 |
| Investment income | $514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $116,165 |
| 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 | $10,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $281 |
| Office expenses | $759 |
| Information technology | $233 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,261 |
| All other expenses | $69,014 |
| Total functional expenses | $207,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,526 |
| Savings and temporary cash investments | $194,981 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $218,507 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $149,673 |
| Net assets with donor restrictions | $68,834 |
| 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 | $218,507 |