Sapelo Foundation Inc
- Assets
- $42.6m
- Revenue
- $4.5m
- Investments
- $39.9m
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 09/1950
- Data as of
- 12/2021
- EIN
- 58-0827472
Organization Overview
Sapelo Foundation Inc is located in Savannah, GA. The organization was established in 1950. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. Sapelo 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, Sapelo Foundation Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 4 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 2019, Sapelo Foundation Inc has awarded 159 individual grants totaling $5,889,596. 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 |
|---|---|---|---|
Christine Reeves Strigaro Executive Director | 40 | $135,000 | |
Nicole Bagley Trustee, President | 1 | $0 | |
Laura Mountcastle Trustee, Treasurer | 1 | $0 | |
Michael Grant Trustee, Secretary | 1 | $0 | |
William K Broker Trustee | 1 | $0 | |
Phillip N Carey Trustee, Vice President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boston Common Asset Management | 12/30/19 | $50,718 |
Colonial Consulting Llc | 12/30/19 | $74,748 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $515,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,007,704 |
| Capital Gain Net Income | $4,084,428 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,522,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $95,026 |
| Pension plans, employee benefits | $71,167 |
| Interest | $0 |
| Taxes | $91,923 |
| Depreciation | $0 |
| Occupancy | $22,182 |
| Travel, conferences, and meetings | $10,136 |
| Printing and publications | $0 |
| Other expenses | $38,969 |
| Total operating and administrative expenses | $829,497 |
| Contributions, gifts, grants paid | $1,226,094 |
| Total expenses and disbursements | $2,055,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,697,513 |
| 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 | $6,381,055 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,000 |
| Total assets | $42,646,474 |
| Accounts payable and accrued expenses | $29,528 |
| Grants payable | $245,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $104,082 |
| Total liabilities | $378,610 |
Grants Awarded
Over the last fiscal year, Sapelo Foundation Inc has awarded $1,806,950 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA RIVER NETWORK INC PURPOSE: ENVIRONMENT JUSTICE & PROTECTION GRANT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $415,000 |
SOUTHERN CENTER FOR HUMAN RIGHTS PURPOSE: SOCIAL JUSTICE GRANT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $140,000 |
PROGEORGIA STATE TABLE INC PURPOSE: SOCIAL JUSTICE GRANT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $140,000 |
PROGEORGIA STATE TABLE INC PURPOSE: SOCIAL JUSTICE GRANT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $100,000 |
COMMUNITY IN SCHOOLS OF GLYNN COUNTY INC PURPOSE: MCINTOSH COUNTY GRANT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $80,000 |
GEORGIA BUDGET AND POLICY INSTITUTE INC PURPOSE: SOCIAL JUSTICE GRANT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iap Worldwide Services Voluntary Employee Beneficiary Association Cape Canaveral, FL | $442,186 | $15,027,115 |
Diocesan Council Of Orlando Apopka, FL | $4,196,485 | $6,582,644 |
Sapelo Foundation Inc Savannah, GA | $42,646,474 | $4,522,872 |
Alabama Assn Of Retired Senior Vol Program Directors Incorporated Birmingham, AL | $78,664 | $466,886 |
Florida Nonprofit Alliance Inc Jacksonville, FL | $129,555 | $224,031 |
Association Of Fundraising Professionals Lagrange, GA | $781,908 | $222,880 |
Society Of The Debutante Charity Cotillion Inc Pensacola, FL | $101,699 | $0 |
Canton Lodge No 515 Loyal Order Of Moose Canton, NC | $243,814 | $0 |
Association Of Fundraising Professionals Raleigh, NC | $88,848 | $0 |
Association Of Fundraising Professionals Charlotte, NC | $214,655 | $0 |
United States Catholic Conference Memphis, TN | $205,808 | $0 |
Association Of Fundraising Professionals Red Bank, TN | $48,451 | $0 |