Sea Cove Foundation Inc
- Assets
- $16.4m
- Revenue
- $982.7k
- Investments
- $14.9m
- Employees
- 0
- Location
- Westport, CT
- Founding
- Data as of
- 12/2022
- EIN
- 47-1914807
Organization Overview
Sea Cove Foundation Inc is located in Westport, CT.
For the year ending 12/2022, Sea Cove Foundation Inc generated $982.7k 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 (20.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sea Cove Foundation Inc has awarded 29 individual grants totaling $6,313,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Giselle F Wagner Director/president | 1 | $0 | |
Paul A Myerson Director/secretary/treasur | 1 | $0 | |
Philip E Myerson Director | 1 | $0 | |
Emily M Myerson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $613,704 |
| Interest on Savings | $0 |
| Dividends & Interest | $368,994 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $982,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,316 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,316 |
| Contributions, gifts, grants paid | $1,510,000 |
| Total expenses and disbursements | $1,526,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,485 |
| Savings and temporary cash investments | $1,369,948 |
| 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 | $14,883,583 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,424,016 |
| 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 Cove Foundation Inc has awarded $1,510,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: SUPPORT OF CONNECTICUT CHARTER SCHOOLS | $400,000 |
NAPLES CHILDREN AND EDUCATION FOUNDATION PURPOSE: SUPPORT OF COLLIER COUNTY EDUCATIONAL OPPORTUNITY | $255,000 |
TRANSCEND EDUCATION PURPOSE: SUPPORT EDUCATIONAL GROUP | $250,000 |
MARCY LAB PURPOSE: SUPPORT EDUCATIONAL PROGRAM | $150,000 |
THE KNOWLEDGE HOUSE PURPOSE: SUPPORT PROGRAM THAT BUILDS DIVERSE PIPELINE OF TECH TALENT FROM LOW-INCOME COMMUNITIES | $125,000 |
GROWN NYC PURPOSE: SUPPORT PROGRAMS TO IMPROVE NYC QUALITY OF LIFE THROUGH ENVIRONMENTAL PROGRAMS | $100,000 |
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