Sunshine Lady Foundation Inc
- Assets
- $17.9m
- Revenue
- $2.0m
- Investments
- $15.5m
- Employees
- 0
- Location
- Lebanon, TN
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 56-1977987
Organization Overview
Sunshine Lady Foundation Inc is located in Lebanon, TN. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunshine Lady 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, Sunshine Lady Foundation Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (33.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Sunshine Lady Foundation Inc has awarded 27 individual grants totaling $770,252. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRISON EDUCATION. GRANT AMOUNT: 419,002.60
HOUSING (HOMELESS/RESPITE) GRANT: 300,000
EDUCATIONAL ORGANIZATIONS GRANT AMOUNT:125,000
COMMUNITY ORGANIZATIONS. GRANT AMOUNT:15,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Grimsley President | 4 | $0 | |
Anne Ewing Treasurer | 4 | $0 | |
Judy Wooten Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,510 |
| Dividends & Interest | $42,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,984,649 |
| Capital Gain Net Income | $1,984,649 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,046,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $130,000 |
| Pension plans, employee benefits | $28,293 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $2,555 |
| Travel, conferences, and meetings | $11,712 |
| Printing and publications | $0 |
| Other expenses | $15,900 |
| Total operating and administrative expenses | $275,090 |
| Contributions, gifts, grants paid | $770,252 |
| Total expenses and disbursements | $1,045,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,616 |
| Savings and temporary cash investments | $2,266,882 |
| 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 | $17,882,736 |
| Accounts payable and accrued expenses | $3,529 |
| 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 | $3,529 |
Grants Awarded
Over the last fiscal year, Sunshine Lady Foundation Inc has awarded $770,252 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
HUDSON LINK FOR HIGHER EDUCATION PURPOSE: HIGHER EDUCATION IN PRISON | $50,000 |
TWIN FORKS RISING COMMUNITY DEV COR PURPOSE: GENERAL FUND | $21,870 |
VILLANOVA UNIVERSITY PURPOSE: HEP | $40,695 |
CALIFORNIA STATE UNIVERSITY PURPOSE: PROJECT REBOUND | $50,000 |
ST LOUIS UNIVERSITY PURPOSE: PRISON EDUCATION | $50,000 |
RHODE ISLAND DEPARTMENT OF PURPOSE: HIGHER EDUCATION IN PRISON | $33,660 |