Sunrise Community Foundation Inc is located in Miami, FL. The organization was established in 1988. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Sunrise Community 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 06/2023, Sunrise Community Foundation Inc generated $240.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $150.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT FUNDRAISING AND OTHER SPECIAL EVENTS FOR THE BENEFIT OF ITS TAX-EXEMPT AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS FUNDRAISING EFFORTS AND OTHER SPECIAL EVENTS FOR THE BENEFIT OF ITS 501(C)(3) TAX-EXEMPT AFFILIATES. IT MAKES ALL INVESTMENT DECISIONS REGARDING CONTRIBUTED FUNDS AND DISTRIBUTION OF FUNDS TO AFFILIATES. IN THE CURRENT YEAR, $0 WAS DISTRIBUTED TO SUPPORT THE OPERATIONS OF TAX-EXEMPT AFFILIATES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Lank President/chair | OfficerTrustee | 1 | $0 |
Gloria A Wetherington Secretary/treasurer | OfficerTrustee | 1 | $0 |
John Holcomb Jr Director | Trustee | 1 | $0 |
Robert Moring Director | Trustee | 1 | $0 |
Jose E Souto Jr Director | Trustee | 1 | $0 |
Kevin Vance Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $20,461 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $20,461 |
Total Program Service Revenue | $0 |
Investment income | $23,532 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $196,116 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $240,109 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $10,886 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $44,642 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $13,611 |
All other expenses | $65,968 |
Total functional expenses | $150,607 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $696,970 |
Savings and temporary cash investments | $7,709,889 |
Pledges and grants receivable | $212,855 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $7,020 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $16,856,546 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $278,807 |
Total assets | $25,762,087 |
Accounts payable and accrued expenses | $15,500 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $15,500 |
Net assets without donor restrictions | $25,746,587 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $25,762,087 |
Over the last fiscal year, Sunrise Community Foundation Inc has awarded $27,359 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
SUNRISE COMMUNITY PROMOTIONS INC PURPOSE: DONATION | $9,799 |
SUNRISE COMMUNITY INC PURPOSE: MATCH TO EMPLOYEES | $17,560 |