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Sailfish Point Foundation INC FY2020 filing

Tax-deductible

Stuart, FL501(c)(3)Education EIN 65-0978271Revenue $530K in FY2020

On file with the IRS2201 Se Sailfish Point Blvd, 34996-1911 · Stuart, FLTax-exempt since Dec 2000Publicly supported — 509(a)(2)

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To provide financial support for the needy children and adult residents of martin county, florida and employees of Sailfish Point poa so as to enable them to enjoy more successful and happy lives. Such support shall include, but not be limited to, supporting the attainment of a formal education for such individuals.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $103K a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$530K
Spent
$623K
To programs
94%
Net assets
$926K
By yearFY2020–FY2025
Revenue
$530K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$530K
FY2021$535K
FY2022$626K
FY2023$646K
FY2024$730K
FY2025$762K
Expenses
$623K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$623K
FY2021$439K
FY2022$498K
FY2023$517K
FY2024$511K
FY2025$626K
Net assets
$926K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$926K
FY2021$1.0M
FY2022$1.1M
FY2023$1.3M
FY2024$1.5M
FY2025$1.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $587K Management & general 6% · $36K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Robert Fisher
Director Emeritus
$0Pt VII · Sec A
Kathy Hanson
President
$0Pt VII · Sec A
Ann Louise Price
Director Emeritus
$0Pt VII · Sec A
$0Pt VII · Sec A
Kathleen Batterson
Vice President
$0Pt VII · Sec A
Diane Lusk
Secretary
$0Pt VII · Sec A
Pat Sullivan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sailfish Point Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial aid for needy children and adults in Martin County, Florida, and Sailfish Point POA employees.

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Provided by the organization

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3 programs · $476K · in their own filed words · FY2019
01

Provide scholarships for 77 college students.

$320Kprogram expense
02

Donation to project lift, inc., palm city, florida

$105Kprogram expense
03

Donation to indian river state college foundation, fort pierce, florida.

$51Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
The Mark and Janice Gold Family Foundation INCFY2025$2K
Total grants receivedfrom 1 funder$2K
Grants paid · 274 grants · $2.9M · 2019–2024
Unitemized GrantFY2024$119,000
Unitemized GrantFY2024$91,000
Unitemized GrantFY2024$44,564
Unitemized GrantFY2024$38,500
Unitemized GrantFY2024$24,250
Unitemized GrantFY2024$21,000
Unitemized GrantFY2024$14,000
Unitemized GrantFY2024$10,706
Unitemized GrantFY2024$10,664
Unitemized GrantFY2024$10,500
Unitemized GrantFY2024$8,500
Unitemized GrantFY2024$7,500
Unitemized GrantFY2024$7,500
Unitemized GrantFY2024$7,500
Unitemized GrantFY2024$7,500
Unitemized GrantFY2024$7,000
Unitemized GrantFY2024$7,000
Unitemized GrantFY2024$7,000
See all 274 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$530K
Ln 12
Gifts and grantsLn 1h$605K
Investment incomeLn 3$25K
Money outPt IX
$623K
Ln 25
Programscol B$587K
Managementcol C$36K
Owns and owesPt X
$926K
net assets · Ln 32
Cash and savingsLn 1–2$942K
Total assetsLn 16$958K
LiabilitiesLn 26$32K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$605K
Noncash giftsLn 1g$40K
Fundraising eventsLn 1c$182K
Investment incomeLn 3$25K
Gains on assetsLn 7$7K
Total revenueLn 12$530K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$942K
Cash and savings togetherLn 1–2$942K
Total assetsLn 16$958K
LiabilitiesLn 26$32K
Net assetsLn 32$926K
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.0M$942K
Total assetsLn 16$1.0M$958K
LiabilitiesLn 26$761$32K
Net assetsLn 32$1.0M$926K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$264K$264K
Grants to domestic individualsLn 2$320K$320K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$25K$25K
Office expensesLn 13$189$189
Conferences, conventions and meetingsLn 19$117$117
Other expenses (24a–d)Ln 24$11K$3K$8K
Total functional expensesLn 25$623K$587K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $762K$626K$136K$1.6M 990 PDF
FY2024 $730K$511K$219K$1.5M 990 PDF
FY2023 $646K$517K$130K$1.3M 990 PDF
FY2022 $626K$498K$128K$1.1M 990 PDF
FY2021 $535K$439K$96K$1.0M 990 PDF
FY2020 Viewing $530K$623K−$93K$926K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $529,768 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $474,758$605,095
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $19,883$24,691
I-11 Other revenuePrior year −$27,299−$100,018
I-12 Total revenuePrior year $467,342$529,768
I-13 Grants and similar amounts paidPrior year $538,720$583,776
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,913$38,863
I-18 Total expensesPrior year $553,633$622,639
I-19 Revenue less expensesPrior year −$86,291−$92,871
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $529,768 across 9 lines filed
VIII-1c Fundraising events$182,457
VIII-1f All other contributions, gifts and grants$422,638
VIII-1g Noncash contributions (included above)$40,483
VIII-1h Total contributions, gifts and grants$605,095
VIII-3 Investment incomeExcluded from tax $18,140$18,140
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,551$6,551
VIII-8 Net income from fundraising eventsExcluded from tax −$103,768−$103,768
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,750$3,750
VIII-12 Total revenueRelated to mission $10,301 · Unrelated business $0 · Excluded from tax −$85,628$529,768
Part IX · Statement of functional expenses $622,639 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $264,000$264,000
IX-2 Grants to domestic individualsPrograms $319,776$319,776
IX-11c Accounting feesManagement $2,200$2,200
IX-12 Advertising and promotionManagement $25,483$25,483
IX-13 Office expensesManagement $189$189
IX-19 Conferences, conventions and meetingsManagement $117$117
IX-24 Other expenses (24a–d)Programs $3,200 · Management $7,674$10,874
IX-25 Total functional expensesPrograms $586,976 · Management $35,663 · Fundraising $0$622,639
Part X · Balance sheet $957,944 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $5,265$0
X-2 Savings and temporary cash investmentsStart of year $1,020,778$941,667
X-3 Pledges and grants receivable$10,300
X-4 Accounts receivable$5,977
X-16 Total assetsStart of year $1,026,043$957,944
X-17 Accounts payable and accrued expenses$4,509
X-25 Other liabilitiesStart of year $761$27,596
X-26 Total liabilitiesStart of year $761$32,105
X-27 Net assets without donor restrictionsStart of year $1,025,282$925,839
X-32 Total net assets or fund balancesStart of year $1,025,282$925,839
X-33 Total liabilities and net assetsStart of year $1,026,043$957,944
Part XI · Reconciliation of net assets $925,839 net assets at year end
XI-1 Total revenue$529,768
XI-2 Total expenses$622,639
XI-3 Revenue less expenses−$92,871
XI-4 Net assets at start of year$1,025,282
XI-9 Other changes in net assets−$6,572
XI-10 Net assets at end of year$925,839

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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