Susan Elaine Foundation Inc
- Assets
- $892.7k
- Revenue
- $180.0k
- Investments
- $748.7k
- Employees
- 0
- Location
- Old Saybrook, CT
- Founding
- Data as of
- 12/2022
- EIN
- 85-3752468
Organization Overview
Susan Elaine Foundation Inc is located in Old Saybrook, CT. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Susan Elaine 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 12/2022, Susan Elaine Foundation Inc generated $180.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (66.7%) each year. All expenses for the organization totaled $136.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Petit President/secretary/director | 1 | $0 | |
Robert Linn Treasurer/director | 1 | $0 | |
Phyllis Petit Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,195 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,778 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $152,988 |
| Capital Gain Net Income | $152,988 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $179,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,504 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,248 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $136,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,993 |
| 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 | $449,929 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $892,738 |
| 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, Susan Elaine Foundation Inc has awarded $110,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OLD SAYBROOK LAND TRUST PURPOSE: TO PROVIDE ASSISTANCE TO INSTITUTIONS, ASSOCIATIONS AND SOCIETIES OPERATING SOLELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC AND LITERARY OR EDUCATION PURPOSES. | $70,000 |
UKRAINIAN NATIONAL WOMEN'S LEAGUE OF AMERICA INC PURPOSE: TO PROVIDE ASSISTANCE TO INSTITUTIONS, ASSOCIATIONS AND SOCIETIES OPERATING SOLELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC AND LITERARY OR EDUCATION PURPOSES. | $20,000 |
UKRAINIAN NATIONAL WOMEN'S LEAGUE OF AMERICA INC PURPOSE: TO PROVIDE ASSISTANCE TO INSTITUTIONS, ASSOCIATIONS AND SOCIETIES OPERATING SOLELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC AND LITERARY OR EDUCATION PURPOSES. | $20,000 |