Sunshine Charitable Foundation
- Assets
- $188.9m
- Revenue
- $32.0m
- Investments
- $187.5m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/2016
- Data as of
- 06/2022
- EIN
- 47-4535502
Organization Overview
Sunshine Charitable Foundation is located in Boston, MA. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sunshine Charitable 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 06/2022, Sunshine Charitable Foundation generated $32.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $8.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geraldine Acuna-Sunshine Trustee | 10 | $0 | |
Gabriel B Sunshine Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co | 6/29/22 | $122,109 |
The Blackstone Group | 6/29/22 | $407,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,455,184 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,405,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,118,581 |
| Capital Gain Net Income | $11,066,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,039 |
| Total Revenue | $31,982,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $146,792 |
| Depreciation | $1,292 |
| Occupancy | $21,670 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,255 |
| Total operating and administrative expenses | $311,432 |
| Contributions, gifts, grants paid | $8,434,020 |
| Total expenses and disbursements | $8,745,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,353,993 |
| 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 | $8,863 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $51,331,490 |
| Net Land, buildings, and equipment | $12,399 |
| Other assets | $28,772 |
| Total assets | $188,937,588 |
| Accounts payable and accrued expenses | $835 |
| Grants payable | $100,000 |
| 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 | $100,835 |
Grants Awarded
Over the last fiscal year, Sunshine Charitable Foundation has awarded $8,434,020 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE MASSACHUSETTS GENERAL HOSPITAL PURPOSE: TO FUND RESEARCH AND CLINICAL WORK IN THE DEPT OF NEUROLOGY RELATED TO MOVEMENT DISORDERS. | $7,800,000 |
THE RESOLUTION PROJECT INC PURPOSE: FOR EXPANSION OF INFRASTRUCTURE AND SUPPORTING POST-GRADUATION FELLOWSHIPS | $634,020 |