Sandy River Charitable Foundation
- Assets
- $36.3m
- Revenue
- $3.9m
- Investments
- $19.3m
- Employees
- 0
- Location
- Farmington, ME
- Founding
- 04/1997
- Data as of
- 05/2023
- EIN
- 52-2029911
Organization Overview
Sandy River Charitable Foundation is located in Farmington, ME. The organization was established in 1997. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sandy River 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 05/2023, Sandy River Charitable Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $1.8m during the year ending 05/2023. While expenses have increased by 1.7% per year over the past 6 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.
Since 2018, Sandy River Charitable Foundation has awarded 214 individual grants totaling $9,744,645. 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 |
|---|---|---|---|
Archie W Berry Jr President | 1 | $0 | |
Nathanael W Berry Vice President / Secretary | 24 | $44,303 | |
Jon W Berry Treasurer | 1 | $0 | |
Nan Berry Director | 1 | $0 | |
Marla S Berry Director | 1 | $0 | |
Suphaporn V Berry Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $904 |
| Dividends & Interest | $519,440 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,350,916 |
| Capital Gain Net Income | $3,350,916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,720 |
| Total Revenue | $3,913,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,303 |
| Other employee salaries and wages | $50,993 |
| Pension plans, employee benefits | $7,510 |
| Interest | $0 |
| Taxes | $79,258 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,972 |
| Printing and publications | $0 |
| Other expenses | $118,935 |
| Total operating and administrative expenses | $597,748 |
| Contributions, gifts, grants paid | $1,243,620 |
| Total expenses and disbursements | $1,841,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,296 |
| Savings and temporary cash investments | $720,751 |
| 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 | $8,270,378 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,778,073 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,779,330 |
| Total assets | $36,254,197 |
| 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, Sandy River Charitable Foundation has awarded $1,243,620 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ABENAKI HELPING ABENAKI PURPOSE: CULTURAL AND ECONOMIC PROGRAM | $150,000 |
CENTER FOR AN ANGRICULTERAL ECONOMY PURPOSE: GENERAL OPERATIONS | $40,000 |
BRAC USA PURPOSE: FLEXIBILE MATCHING FUNDS | $100,000 |
CULTIVATING COMMUNITY PURPOSE: GENERAL OPERATIONS | $25,000 |
CONFLUENCE PHILANTHROPY PURPOSE: NATIVE LEADERSHIP SCHOLARSHIP AND RAINMAKERS COLLABORATIVE | $31,350 |
FARMINGTON AREA ECUMENICAL MINISTRY PURPOSE: ECU HEAT MATCH | $5,000 |