Sea Stone Foundation
- Assets
- $491.8k
- Revenue
- $418.4k
- Investments
- $258.3k
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2004
- Data as of
- 12/2021
- 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 12/2021, Sea Stone Foundation generated $418.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $241.3k during the year ending 12/2021. While expenses have increased by 19.8% per year over the past 7 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 2014, Sea Stone Foundation has awarded 235 individual grants totaling $806,796. 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 | $35,000 | |
Wendy Vanden Hevuel Treasurer | 1 | $0 | |
Lucinda Zeising Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,486 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $397,930 |
| Capital Gain Net Income | $397,930 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $418,416 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $220 |
| Total operating and administrative expenses | $38,482 |
| Contributions, gifts, grants paid | $202,857 |
| Total expenses and disbursements | $241,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,691 |
| Savings and temporary cash investments | $86,861 |
| 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 | $491,815 |
| Accounts payable and accrued expenses | $74,144 |
| 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 | $74,144 |
Grants Awarded
Over the last fiscal year, Sea Stone Foundation has awarded $202,857 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL GIVING - 3 GENERATIONS PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $25,000 |
New York, NY PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $24,000 |
THE NATIONAL SUSAN B ANTHONY MUSEUM PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $22,000 |
DORRANCE DANCE COMPANY PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $20,008 |
FRACTURED ATLAS PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $15,000 |
UTAH FILM CENTER PURPOSE: RELIGIOUS, EDUCATIONAL, OR ARTISTIC | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |