Sea Stone Foundation
- Assets
- $262.2k
- Revenue
- $29.9k
- Investments
- $258.0k
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 54-2142668
Organization Overview
Sea Stone Foundation is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Sea Stone 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 12/2022, Sea Stone Foundation generated $29.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) 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 2014, Sea Stone Foundation has awarded 280 individual grants totaling $1,024,129. 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 |
|---|---|---|---|
Michael Lemle President | 10 | $60,000 | |
Lucinda Zeising Secretary | 1 | $0 | |
Wendy Vanden Hevuel Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,060 |
| Capital Gain Net Income | $10,060 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,186 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,276 |
| Printing and publications | $0 |
| Other expenses | $344 |
| Total operating and administrative expenses | $83,606 |
| Contributions, gifts, grants paid | $217,333 |
| Total expenses and disbursements | $300,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,393 |
| Savings and temporary cash investments | $766 |
| 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 | $262,161 |
| Accounts payable and accrued expenses | $115,539 |
| 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 | $115,539 |
Grants Awarded
Over the last fiscal year, Sea Stone Foundation has awarded $217,333 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ACTBLUE CIVICS PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $13,500 |
52ND STREET PROJECT PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $6,750 |
AMERICAN BALLET THEATER PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $12,780 |
BRANDEIS UNIVERSITY PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $10,000 |
BAT CONSERVATION INTERNATIONAL PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $2,500 |
BROADWAY CARESEQUITY FIGHTS AIDS PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $259 |