Snell Foundation Inc
- Assets
- $2.7m
- Revenue
- $601.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Biloxi, MS
- Founding
- 08/2000
- Data as of
- 09/2023
- EIN
- 94-6071849
Organization Overview
Snell Foundation Inc is located in Biloxi, MS. The organization was established in 2000. According to its NTEE Classification (W90) the organization is classified as: Consumer Protection, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2023, Snell Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Snell 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 09/2023, Snell Foundation Inc generated $601.5k 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 (11.9%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SAFETY TESTING AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH SAFETY STANDARDS FOR VARIOUS TYPES OF HEAD-GEAR; TEST CONSUMER PRODUCTS TO FOUNDATION STANDARDS; PUBLISH INDUSTRY STANDARDS AND GUIDELINES RELATIVE TO THE HEAD-GEAR INDUSTRY; PROVIDE SNELL FOUNDATION INSIGNIAS FOR THOSE PRODUCTS MEETING THE STANDARDS.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Thomas MD President | OfficerTrustee | 12 | $40,000 |
William H Muzzy III Treasurer | OfficerTrustee | 4 | $30,000 |
Randal P Ching PHD Vice President | OfficerTrustee | 2 | $0 |
Edward B Becker Me Secretary | OfficerTrustee | 40 | $30,000 |
Stephen Johnson General Mgr. | 40 | $155,190 | |
Denis Anishchenko Research | 40 | $154,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $632,546 |
| Investment income | $150,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$181,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $601,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $453,209 |
| Compensation of current officers, directors, key employees. | $140,495 |
| Compensation to disqualified persons | $118,000 |
| Other salaries and wages | $251,331 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,434 |
| Payroll taxes | $54,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,000 |
| Fees for services: Accounting | $46,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $655 |
| Royalties | $0 |
| Occupancy | $117,920 |
| Travel | $29,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,482 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,669 |
| Insurance | $28,728 |
| All other expenses | $30,449 |
| Total functional expenses | $1,307,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,537 |
| Savings and temporary cash investments | $2,939 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,767 |
| Prepaid expenses and deferred charges | $12,309 |
| Net Land, buildings, and equipment | $7,287 |
| Investments—publicly traded securities | $2,476,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,360 |
| Total assets | $2,662,481 |
| Accounts payable and accrued expenses | $48,726 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $103,301 |
| Total liabilities | $152,027 |
| Net assets without donor restrictions | $2,510,454 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,662,481 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Safe Skies Alliance Inc Louisville, TN | $1,786,429 | $4,545,482 |
Snell Foundation Inc Biloxi, MS | $2,662,481 | $601,470 |
Foundation For Information Accountability And Governance Little Rock, AR | $853,585 | $835,765 |
Council On Aviation Accreditation Inc Opelika, AL | $225,593 | $504,323 |
Council For Fair Lending Birmingham, AL | $8,980 | $153,501 |