Sea Island Foundation Inc is located in Sea Island, GA. The organization was established in 1952. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 Island 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 11/2020, Sea Island Foundation Inc generated $167.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $135.3k during the year ending 11/2020. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sea Island Foundation Inc has awarded 17 individual grants totaling $310,889. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNITED WAY, 3400 PARKWOOD DRIVE STE A 2ND FLOOR, BRUNSWICK GA, 31521
FAITHWORKS, PO BOX 2902, BRUNSWICK GA, 31521
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bill Barrow Director | 1 | $0 | |
James B Gilbert Jr Secretary | 1 | $0 | |
Wright Culpepper Director | 1 | $0 | |
Scott Steilen Ceo/cfo | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Profit on Inventory Sales | $0 |
Other Income | $167,800 |
Total Revenue | $167,800 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Pension plans, employee benefits | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Total operating and administrative expenses | $72,280 |
Contributions, gifts, grants paid | $63,000 |
Total expenses and disbursements | $135,280 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $193,588 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Other assets | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Over the last fiscal year, Sea Island Foundation Inc has awarded $63,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Brunswick, GA PURPOSE: SUPPORT OF GENERAL ACTIVITIES | $50,000 |
FAITHWORKS PURPOSE: SUPPORT OF GENERAL ACTIVITIES | $13,000 |
Organization Name | Assets | Revenue |
---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |