Sonscope Foundation
- Assets
- $20.6m
- Revenue
- $5.2m
- Investments
- $11.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 46-4239579
Organization Overview
Sonscope Foundation is located in Wilmington, DE. The organization was established in 2015. 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. Sonscope 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 12/2021, Sonscope Foundation generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sonscope Foundation has awarded 104 individual grants totaling $4,171,500. 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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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keel Point Llc | 12/30/21 | $104,872 |
Ubs Financial Services | 12/30/21 | $59,862 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,830 |
| Interest on Savings | $641 |
| Dividends & Interest | $114,188 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,739,757 |
| Capital Gain Net Income | $4,740,249 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $263,654 |
| Total Revenue | $5,164,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10 |
| Taxes | $22,473 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $158,802 |
| Total operating and administrative expenses | $347,318 |
| Contributions, gifts, grants paid | $851,500 |
| Total expenses and disbursements | $1,198,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,184,599 |
| 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 | $36,619 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,885,349 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,561,517 |
| 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, Sonscope Foundation has awarded $1,107,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
1040 CONNECTIONS INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
AXIS PURPOSE: GENERAL & UNRESTRICTED | $105,000 |
CARE FOR CHILDREN USA INC PURPOSE: GENERAL & UNRESTRICTED | $33,000 |
CEO FORUM INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION PURPOSE: DONOR ADVISER FUND - SONSCOPE FUND | $100,000 |
CHATTANOOGA FC FOUNDATION PURPOSE: CHATTANOOGA SPORTS MINISTRIES FUND | $9,000 |