Sunny Brown Foundation
- Assets
- $178.8k
- Revenue
- $3.8k
- Investments
- $178.4k
- Employees
- 0
- Location
- Kihei, HI
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 95-4190924
Organization Overview
Sunny Brown Foundation is located in Kihei, HI. The organization was established in 0000. 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. Sunny Brown 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, Sunny Brown Foundation generated $3.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $27.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sunny Brown Foundation has awarded 66 individual grants totaling $335,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO UNITED STATES HIGH SCHOOL SENIORS TO BE USED TO FURTHER SPECIFIC ENDEAVORS OF THE RECIPIENTS WHICH MADE THEM DESERVING OF THE SCHOLARSHIP. PROVIDING SCHOLARSHIPS IS THE ONLY ACTIVITY OF THE FOUNDATION. WE HAVE ATTACHED INFORMATION REGARDING CRITERIA AND SELECTION AND COPIES OF THE SCHOLARSHIP APPLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander P Velto President | 2 | $0 | |
Della Snyder Velto CFO | 5 | $0 | |
Alexis Marguglio Director, Secr | 1 | $0 | |
Marce Carlson Director, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,475 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1 |
| Taxes | $1,208 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62 |
| Total operating and administrative expenses | $12,092 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $27,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $317 |
| 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 | $178,394 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $69 |
| Total assets | $178,780 |
| 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 | $1,702 |
| Total liabilities | $1,702 |
Grants Awarded
Over the last fiscal year, Sunny Brown Foundation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MEGAN MO PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |
DARBY DAY PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |
SEAN MEYLE PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |