The@elaine Dewey Sammons Foundation
- Assets
- $431.9k
- Revenue
- $22.8k
- Investments
- $423.8k
- Employees
- 0
- Location
- Boynton Beach, FL
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 74-6534254
Organization Overview
The@elaine Dewey Sammons Foundation is located in Boynton Beach, FL. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. The@elaine Dewey Sammons Foundation 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 12/2022, The@elaine Dewey Sammons Foundation generated $22.8k 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 (7.9%) each year. All expenses for the organization totaled $53.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, The@elaine Dewey Sammons Foundation has awarded 34 individual grants totaling $457,000. 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 |
|---|---|---|---|
Cuyler P Medore Trustee | 1 | $0 | |
Robert W Korba Trustee | 1 | $0 | |
Vester T Hughes Trustee | 1 | $0 | |
J Craig Madison Trustee | 1 | $0 | |
Brenda G Medore Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $13,022 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,751 |
| Capital Gain Net Income | $9,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,819 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $130 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,722 |
| Total operating and administrative expenses | $6,252 |
| Contributions, gifts, grants paid | $47,500 |
| Total expenses and disbursements | $53,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,153 |
| 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 | $431,924 |
| 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 Awarded
Over the last fiscal year, The@elaine Dewey Sammons Foundation has awarded $47,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WALNUT COVE MEMBERS ASSOC PURPOSE: GENERAL USE | $10,000 |
LITERACY COALITION PALM BEACH COUNT PURPOSE: GENERAL USE | $10,000 |
UNLIMBITED FOUNDATION PURPOSE: GENERAL USE | $4,000 |
DELRAY BEACH PUBLIC LIBRARY PURPOSE: GENERAL USE | $10,000 |
ASHEVILLE HUMANE SOCIETY PURPOSE: GENERAL USE | $13,500 |