Sunshine Now Foundation
- Assets
- $19.7m
- Revenue
- $292.1k
- Investments
- $19.6m
- Employees
- 0
- Location
- Asheville, NC
- Founding
- Data as of
- 12/2022
- EIN
- 85-4333454
Organization Overview
Sunshine Now Foundation is located in Asheville, NC. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Sunshine Now 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, Sunshine Now Foundation generated $292.1k in total revenue.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Van Dyke President | 10 | $0 | |
Richard J Samulski Jr Treasurer | 1 | $0 | |
Merrill Robinson Secretary | 1 | $0 | |
Kristin Huffman Executive Di | 40 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,444 |
| Dividends & Interest | $151,773 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,351 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $192,206 |
| Total Revenue | $292,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $40,000 |
| Pension plans, employee benefits | $3,060 |
| Interest | $0 |
| Taxes | $3 |
| Depreciation | $56 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $411 |
| Total operating and administrative expenses | $126,921 |
| Contributions, gifts, grants paid | $1,000,000 |
| Total expenses and disbursements | $1,126,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,787 |
| Savings and temporary cash investments | $45,281 |
| 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 | $13,107,591 |
| Net Land, buildings, and equipment | $272 |
| Other assets | $0 |
| Total assets | $19,708,806 |
| 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 | $439,535 |
| Total liabilities | $439,535 |
Grants Awarded
Over the last fiscal year, Sunshine Now Foundation has awarded $1,000,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND PURPOSE: TAX-EXEMPT PUBLIC CHARITY | $250,000 |
SCHWAB CHARITABLE FUND PURPOSE: TAX-EXEMPT PUBLIC CHARITY | $250,000 |
FRAN & DOUG TIEMAN CENTER FOR RESEA PURPOSE: MEDICAL RESEARCH | $250,000 |
WORLD CENTRAL KITCHEN INC PURPOSE: HUMAN RIGHTS | $250,000 |