Sonnie Foundation
- Assets
- $859.4k
- Revenue
- $39.0k
- Investments
- $807.5k
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 82-6351100
Organization Overview
Sonnie Foundation is located in Bethesda, MD. The organization was established in 2018. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Sonnie 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 12/2023, Sonnie Foundation generated $39.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $49.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sonnie Foundation has awarded 25 individual grants totaling $150,916. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $686 |
| Dividends & Interest | $31,997 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,286 |
| Capital Gain Net Income | $6,286 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $737 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,961 |
| Contributions, gifts, grants paid | $36,800 |
| Total expenses and disbursements | $49,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,814 |
| Savings and temporary cash investments | $0 |
| 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 | $807,546 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $859,360 |
| 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, Sonnie Foundation has awarded $36,800 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL PURPOSE | $1,000 |
EDLEVITCH JEWISH COMMUNITY CENTER OF WASHINGTON DC PURPOSE: GENERAL PURPOSEGENERAL PURPOSE | $2,000 |
JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS PURPOSE: GENERAL PURPOSE | $10,000 |
RAD-AID INTERNATIONAL PURPOSE: GENERAL PURPOSEE | $20,000 |
UNITED STATES HOLOCAUST MEMORIAL MUSEUM PURPOSE: GENERAL PURPOSE | $1,800 |
CABIN JOHN FIRE DEPARTMENT PURPOSE: GENERAL PURPOSE | $1,000 |