Sunrise Community Foundation Inc
- Assets
- $10.0m
- Revenue
- $328.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 06/1988
- Data as of
- 06/2022
- EIN
- 65-0021846
Organization Overview
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 06/2022, Sunrise Community Foundation Inc generated $328.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $189.8k during the year ending 06/2022. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria A Wetherington Secretary/treasurer | OfficerTrustee | 1 | $0 |
William Lank President/chair | OfficerTrustee | 1 | $0 |
John Holcomb Jr Director | Trustee | 1 | $0 |
Robert Moring Director | Trustee | 1 | $0 |
Jose E Souto Jr Director | Trustee | 1 | $0 |
Steven M Weinger Director | Trustee | 1 | $0 |
Financial Statements
| 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 | $80,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,127 |
| Total Program Service Revenue | $0 |
| Investment income | $3,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $222,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,699 |
| 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 | $14,741 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,000 |
| 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 | $14,808 |
| All other expenses | $95,300 |
| Total functional expenses | $189,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,442 |
| Savings and temporary cash investments | $175,822 |
| Pledges and grants receivable | $262,855 |
| 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 | $8,586,740 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275,784 |
| Total assets | $10,047,663 |
| Accounts payable and accrued expenses | $9,025 |
| 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 | $9,025 |
| Net assets without donor restrictions | $10,038,638 |
| 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 | $10,047,663 |
Grants Awarded
Over the last fiscal year, Sunrise Community Foundation Inc has awarded $27,359 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: MATCH TO EMPLOYEES | $17,560 |
Miami, FL PURPOSE: DONATION | $9,799 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sunrise Community Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Sonia Alden Foundation Inc New York, NY PURPOSE: CHARITABLE | $500 |
Weiss Family Foundation Inc Coral Gables, FL PURPOSE: SUPPORT CONTRIBUTION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tigers Unlimited Foundation Auburn, AL | $119,888,484 | $62,585,333 |
Illuminations Foundation Inc Alpharetta, GA | $6,093,722 | $37,103,304 |
Florida Gulf Coast University Financing Corporation Fort Myers, FL | $204,897,690 | $19,327,322 |
Dr Phillips Inc Orlando, FL | $219,173,154 | $19,084,709 |
Cf Foundation Inc Atlanta, GA | $60,851,215 | $5,130,874 |
W I H Pitts Memorial Fund Ua 1125291 Orlando, FL | $81,861,752 | $8,345,825 |
World Poultry Foundation Inc Tucker, GA | $28,014,565 | $2,601,293 |
Disease Management Network Inc Coral Gables, FL | $1,845,694 | $4,211,323 |
Greater Orlando Childrens Miracle Network Inc Orlando, FL | $3,305,504 | $3,670,113 |
Waterfall Foundation Inc Atlanta, GA | $17,781,141 | $467,284 |
The Catholic Foundation Of Central Florida Inc Orlando, FL | $91,215,748 | $5,046,081 |
Jewish Family Services Of Broward Foundation Inc Davie, FL | $15,511,369 | $3,786,697 |