Sweetser Foundation Inc
- Assets
- $1.6m
- Revenue
- $97.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 54-2062016
Organization Overview
Sweetser Foundation Inc is located in Annapolis, MD. The organization was established in 2002. 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. Sweetser 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 12/2022, Sweetser Foundation Inc generated $97.8k 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 (3.4%) each year. All expenses for the organization totaled $300.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sweetser Foundation Inc has awarded 168 individual grants totaling $1,136,100. 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 |
|---|---|---|---|
Willard M Sweetser Jr President/director | 1 | $0 | |
Sharon S Hackett Director | 1 | $0 | |
Susanne M Blalock Director | 1 | $0 | |
Stacy L Sweetser Director | 1 | $0 | |
Ellen S Allen Chair/advisory Board | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,189 |
| Capital Gain Net Income | $19,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,082 |
| Total operating and administrative expenses | $17,891 |
| Contributions, gifts, grants paid | $283,000 |
| Total expenses and disbursements | $300,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,060 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,591,108 |
| 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, Sweetser Foundation Inc has awarded $283,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHBISHOP CARROLL HIGH SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
ARCHDIOCESE OF BALTIMORE PURPOSE: ARCHBISHOP'S APPEAL | $2,000 |
ARCS FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
CATHOLIC SCHOOLS FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CASA OF NEW HAMPSHIRE PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
CLARKSON UNIVERSITY PURPOSE: SWEETSER SCHOLAR | $5,000 |