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Sailfish Point Foundation INC FY2024 filing

Tax-deductible

Stuart, FL501(c)(3)Education EIN 65-0978271Revenue $730K in FY2024

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.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Looks good: 35.1 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
$27K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$730K
+13% vs prior year
Spent
$511K
To programs
90%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$730K
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$530K
FY2021$535K
FY2022$626K
FY2023$646K
FY2024$730K
FY2025$762K
Expenses
$511K
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$623K
FY2021$439K
FY2022$498K
FY2023$517K
FY2024$511K
FY2025$626K
Net assets
$1.5M
FY2024▲ +17%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2024 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

90 cents of each dollar spent went to programs.

Program services 90% · $462K Management & general 10% · $49K

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

21 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Robert Fisher
Director Emeritus
$0Pt VII · Sec A
Ann Louise Price
Director Emeritus
$0Pt VII · Sec A
Kathleen Batterson
Director Emeritus
$0Pt VII · Sec A
Ross Strickland
Director Emeritus
$0Pt VII · Sec A
Robyn Cohn
Director Emeritus
$0Pt VII · Sec A
Muffin Adamiak
Director Emeritus
$0Pt VII · Sec A
Nancie Parlin
Director Emeritus
$0Pt VII · Sec A
Susan Kane
Secretary
$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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1 program · $462K · in their own filed words · FY2023
01

Provide scholarships for 128 college students.

$462Kprogram 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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$730K
Ln 12
Gifts and grantsLn 1h$617K
Investment incomeLn 3$96K
Other incomeLn 4–11$17K
Money outPt IX
$511K
Ln 25
Programscol B$462K
Managementcol C$49K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$1.5M
LiabilitiesLn 26$27K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$617K
Noncash giftsLn 1g$1K
Fundraising eventsLn 1c$28K
Investment incomeLn 3$96K
Other incomeLn 4–11$17K
Gains on assetsLn 7$1K
Total revenueLn 12$730K
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.5M
Total assetsLn 16$1.5M
LiabilitiesLn 26$27K
Net assetsLn 32$1.5M
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 FY24End FY24
Cash and savingsLn 1–2$1.6M$1.5M
Total assetsLn 16$1.6M$1.5M
LiabilitiesLn 26$369K$27K
Net assetsLn 32$1.3M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$462K$462K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$180$180
Conferences, conventions and meetingsLn 19$787$787
Other expenses (24a–d)Ln 24$27K$27K
Total functional expensesLn 25$511K$462K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $762K$626K$136K$1.6M 990 PDF
FY2024 Viewing $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 $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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $729,682 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $672,026$616,552
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $17,417$95,943
I-11 Other revenuePrior year −$43,254$17,187
I-12 Total revenuePrior year $646,189$729,682
I-13 Grants and similar amounts paidPrior year $479,343$461,934
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 $37,171$48,579
I-18 Total expensesPrior year $516,514$510,513
I-19 Revenue less expensesPrior year $129,675$219,169
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $729,682 across 9 lines filed
VIII-1c Fundraising events$28,228
VIII-1f All other contributions, gifts and grants$588,324
VIII-1g Noncash contributions (included above)$1,453
VIII-1h Total contributions, gifts and grants$616,552
VIII-3 Investment incomeExcluded from tax $94,674$94,674
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,269$1,269
VIII-8 Net income from fundraising eventsExcluded from tax $5,583$5,583
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,604$11,604
VIII-12 Total revenueRelated to mission $12,873 · Unrelated business $0 · Excluded from tax $100,257$729,682
Part IX · Statement of functional expenses $510,513 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $461,934$461,934
IX-11c Accounting feesManagement $4,235$4,235
IX-12 Advertising and promotionManagement $15,990$15,990
IX-13 Office expensesManagement $180$180
IX-19 Conferences, conventions and meetingsManagement $787$787
IX-24 Other expenses (24a–d)Management $27,387$27,387
IX-25 Total functional expensesPrograms $461,934 · Management $48,579 · Fundraising $0$510,513
Part X · Balance sheet $1,496,496 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $452,485$26,730
X-2 Savings and temporary cash investmentsStart of year $1,168,536$1,468,616
X-3 Pledges and grants receivableStart of year $300$300
X-9 Prepaid expenses and deferred charges$850
X-16 Total assetsStart of year $1,621,321$1,496,496
X-17 Accounts payable and accrued expensesStart of year $15,750$21,230
X-25 Other liabilitiesStart of year $4,069$5,411
X-26 Total liabilitiesStart of year $369,319$26,641
X-27 Net assets without donor restrictionsStart of year $1,252,002$1,469,855
X-32 Total net assets or fund balancesStart of year $1,252,002$1,469,855
X-33 Total liabilities and net assetsStart of year $1,621,321$1,496,496
Part XI · Reconciliation of net assets $1,469,855 net assets at year end
XI-1 Total revenue$729,682
XI-2 Total expenses$510,513
XI-3 Revenue less expenses$219,169
XI-4 Net assets at start of year$1,252,002
XI-9 Other changes in net assets−$1,316
XI-10 Net assets at end of year$1,469,855

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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