Sunshine Lady Foundation Inc
- Assets
- $18.4m
- Revenue
- $1.9m
- Investments
- $15.6m
- Employees
- 0
- Location
- Morehead City, NC
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 56-1977987
Organization Overview
Sunshine Lady Foundation Inc is located in Morehead City, NC. 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 12/2021, Sunshine Lady Foundation Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.3%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRISON EDUCATION. GRANT AMOUNT: 1,991,874
HOUSING (HOMELESS/RESPITE) GRANT: 604,439
HUMANITARIAN GRANT AMOUNT: 440,197
DOMESTIC VIOLENCE. GRANT AMOUNT:335.000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Grimsley President/tr | 15 | $0 | |
Judith Wooten Office Manag | 0 | $0 | |
Rebecca Currie Secretary | 15 | $0 | |
Mitty Beal Vice Preside | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,580 |
| Interest on Savings | $12 |
| Dividends & Interest | $247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,886,259 |
| Capital Gain Net Income | $3,892,204 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,888,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $117,083 |
| Pension plans, employee benefits | $66,651 |
| Interest | $0 |
| Taxes | $62,414 |
| Depreciation | $0 |
| Occupancy | $7,304 |
| Travel, conferences, and meetings | $1,011 |
| Printing and publications | $0 |
| Other expenses | $17,566 |
| Total operating and administrative expenses | $478,871 |
| Contributions, gifts, grants paid | $3,702,979 |
| Total expenses and disbursements | $4,181,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,717 |
| Savings and temporary cash investments | $2,487,486 |
| 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 | $18,426,319 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that Sunshine Lady Foundation Inc has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Roxanne And Henry Brandt Foundation New York, NY PURPOSE: GENERAL USE OF THE DONEE | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Beemok Family Foundation Charleston, SC | $51,753,352 | $227,490 |