Sunrise Scholars Foundation Inc
- Assets
- $39.9k
- Revenue
- $338.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 05/2019
- Data as of
- 06/2021
- EIN
- 83-1769874
Organization Overview
Sunrise Scholars Foundation Inc is located in Sarasota, FL. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Sunrise Scholars 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 06/2021, Sunrise Scholars Foundation Inc generated $338.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $317.1k during the year ending 06/2021. While expenses have increased by 16.5% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROGRAMS, SERVICES, AND SUPPORT FOR LOW-INCOME, HIGH ACHIEVING STUDENTS TO MAXIMIZE THEIR OPPORTUNITIES FOR SUCCESS IN THE COLLEGE SELECTION AND APPLICATION PROCESS, ACADEMIC PERFORMANCE IN COLLEGE, AND OVERALL COLLEGE EXPERIENCES. COLLEGE ACCESS SUPPORT IS AWARDED IN FORM OF GRANTS TO LOW-INCOME HIGH ACHIEVING STUDENTS TO BREAK DOWN TECHNOLOGICAL BARRIERS, ENSURE PROPER COLLEGE FIT AND SUPPORT SCHOLAR WELL-BEING. THESE GRANTS ARE PART OF A COMPREHENSIVE PROGRAM FOR THESE STUDENTS AND THE STAFF DOES NOT MERELY SELECT, SCREEN AND INVESTIGATE APPLICANTS FOR THESE GRANTS. THE STAFF SPENDS CONSIDERABLE TIME WITH THESE STUDENTS AND OFFERS OTHER PROGRAMS TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Harding Treasurer/director/coo | 40 | $102,875 | |
Kenneth Sommers President/director | 25 | $10,272 | |
Erin Harding Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $338,683 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $338,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $113,147 |
| Other employee salaries and wages | $14,515 |
| Pension plans, employee benefits | $48,793 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $4,042 |
| Occupancy | $24,421 |
| Travel, conferences, and meetings | $31,307 |
| Printing and publications | $0 |
| Other expenses | $27,048 |
| Total operating and administrative expenses | $272,425 |
| Contributions, gifts, grants paid | $44,650 |
| Total expenses and disbursements | $317,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,699 |
| 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 | $0 |
| Net Land, buildings, and equipment | $10,174 |
| Other assets | $0 |
| Total assets | $39,873 |
| 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, Sunrise Scholars Foundation Inc has awarded $44,650 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
ARON CENTENO PURPOSE: COLLEGE ACCESS SUPPORT | $3,243 |
EVANGELINE SANCHEZ PURPOSE: COLLEGE ACCESS SUPPORT | $2,535 |
HALEIGH MENENDEZ PURPOSE: COLLEGE ACCESS SUPPORT | $1,912 |
DESIREE OLIVER PURPOSE: COLLEGE ACCESS SUPPORT | $1,644 |
RALPH HYACINTHE PURPOSE: COLLEGE ACCESS SUPPORT | $1,629 |
GABRIELA ANTONIO GONZALEZ PURPOSE: COLLEGE ACCESS SUPPORT | $1,587 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sunrise Scholars Foundation Inc has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $37,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rawlings Foundation Inc Palm Beach, FL | $157,491,316 | $53,710,829 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |