Sultana Education Foundation Inc
- Assets
- $10.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Chestertown, MD
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 52-2021091
Organization Overview
Sultana Education Foundation Inc is located in Chestertown, MD. The organization was established in 1998. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Sultana Education Foundation Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sultana Education 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 12/2023, Sultana Education Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSFORMATIVE EDUCATIONAL EXPERIENCES THAT INVESTIGATE THE NATURAL AND HUMAN HISTORY OF THE CHESAPEAKE BAY WHILE EXPLORING SOLUTIONS FOR CREATING A MORE SUSTAINABLE ECOSYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SULTANA EDUCATION FOUNDATION WORKS TO DEVELOP FUTURE STEWARDS FOR THE CHESAPEAKE BAY BY PROVIDING FIELD PROGRAMS IN HISTORY AND ENVIRONMENTAL SCIENCE. K-12 SCHOOL CHILDREN COMPRISE THE ORGANIZATIONS PRINCIPAL AUDIENCE, AND THE FOUNDATIONS CORE PROGRAMS ARE CERTIFIED BY THE MARYLAND STATE DEPARTMENT OF EDUCATION MSDE. SULTANA IS ALSO A SIGNIFICANT PROVIDER OF MSDE CERTIFIED PROFESSIONAL DEVELOPMENT PROGRAMS FOR MARYLAND TEACHERS AS WELL AS ENRICHMENT PROGRAMS FOR THE GENERAL PUBLIC. THE FOUNDATIONS PROGRAMS SERVE APPROXIMATELY 12,000 PARTICIPANTS ANNUALLY AND HAVE BEEN RECOGNIZED AS AMONG THE BEST OF THEIR KIND IN THE NATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Mcmullen Executive Director | OfficerTrustee | 40 | $88,652 |
Christian Havemeyer Immediate Past Chair | OfficerTrustee | 1 | $0 |
Robert Hindman Chair | OfficerTrustee | 1 | $0 |
Lyle Feisel Secretary | OfficerTrustee | 1 | $0 |
Wallace Reynolds Director | Trustee | 1 | $0 |
Joyce Huber Founding Board Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $238,825 |
| Related organizations | $0 |
| Government grants | $407,089 |
| All other contributions, gifts, grants, and similar amounts not included above | $990,889 |
| Noncash contributions included in lines 1a–1f | $25,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,636,803 |
| Total Program Service Revenue | $562,427 |
| Investment income | $83,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,308,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,409 |
| Compensation of current officers, directors, key employees. | $15,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $747,425 |
| Pension plan accruals and contributions | $23,207 |
| Other employee benefits | $59,222 |
| Payroll taxes | $66,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,533 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,759 |
| Office expenses | $21,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,814 |
| Travel | $11,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,329 |
| Interest | $18,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,986 |
| Insurance | $69,648 |
| All other expenses | $0 |
| Total functional expenses | $1,671,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,816 |
| Savings and temporary cash investments | $190,069 |
| Pledges and grants receivable | $526,618 |
| 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 | $4,786 |
| Prepaid expenses and deferred charges | $16,408 |
| Net Land, buildings, and equipment | $5,720,827 |
| Investments—publicly traded securities | $3,604,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,226,941 |
| Accounts payable and accrued expenses | $112,414 |
| Grants payable | $0 |
| Deferred revenue | $51,518 |
| 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 | $400,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $563,932 |
| Net assets without donor restrictions | $7,472,112 |
| Net assets with donor restrictions | $2,190,897 |
| 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 | $10,226,941 |