Samco Foundation
- Assets
- $638.0
- Revenue
- $514.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Oxford, AL
- Founding
- Data as of
- 12/2023
- EIN
- 87-3758962
Organization Overview
Samco Foundation is located in Oxford, AL. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samco 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, Samco Foundation generated $514.6k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.5% each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sameer Mousa Chairperson | 2 | $0 | |
Nabil Mousa Vice-Chairperson | 2 | $0 | |
Deshae Sharpton Treasurer | 1 | $0 | |
Cassandra Del Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $514,000 |
| Interest on Savings | $638 |
| 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 | $514,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $1,014,000 |
| Total expenses and disbursements | $1,014,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $638 |
| 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, Samco Foundation has awarded $1,014,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGE FLOYD ELEMENTARY SCHOOL PURPOSE: GENERAL DONATION | $10,000 |
KNOX PURPOSE: PUBLIC CHARITY SCHOOL SPONSOR | $1,000 |
OXFORD CITY SCHOOL EDUCATION FOUNDATION PURPOSE: GENERAL DONATION | $3,000 |
SEILAT AL-DAHIR MUNICIPALITY PURPOSE: GENERAL DONATION FOR BUILDING A SCHOOL | $1,000,000 |