Sea Island Foundation Inc

SEA ISLAND, GA EIN: 58-6041385

Arts and culture Historical activities Historic preservation Philanthropy Nonprofits

Sea Island Foundation Inc is a private foundation focused on Arts and culture, based in SEA ISLAND, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $137K in total assets. In 2024, it awarded 3 grants totaling $23K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$137K

+6.8% YoY

Annual Giving

$23K

-50.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$8K

-50.0% YoY

Under IRS private-foundation payout rules, Sea Island Foundation Inc reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.

About Sea Island Foundation Inc

Based on IRS filings

Focus Areas

Arts and culture Historical activities Historic preservation Philanthropy Nonprofits

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Georgia $168K (100%)

States

Georgia

Cities

BrunswickSaint Simons Island

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$136,747	$128,007	$92,865
Revenue	$162,514	$161,475	$86,795
Expenses	$153,774	$126,333	$89,138
Qualifying Distributions	$113,090	$125,013	$73,030
Net Investment Income	—	—	—
Distributable Amount	$5,627	$4,906	$4,041

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The United Way of Coastal Georgia ($15,000), Georgia Alzheimer's Foundation ($5,000), Hope 1312 Collective ($2,500).

Recipient	Purpose	Amount
The United Way of Coastal Georgia Brunswick, GA	Support of general activities	$15,000
Hope 1312 Collective Brunswick, GA	Support of general activities	$2,500
Georgia Alzheimer's Foundation Saint Simons Island, GA	Support of general activities	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Mike Kennedy	Vice Chairman	1	—
Laurie Weber	Secretary/Treas	1	—
Scott Steilen	Chairman	1	—

Subject Areas

Focus areas based on grantmaking activity

Arts and culture Historical activities Historic preservation Philanthropy Nonprofits

Frequently Asked Questions

What is Sea Island Foundation Inc?

Sea Island Foundation Inc is a private foundation focused on Arts and culture, based in SEA ISLAND, GA. It holds $137K in total assets as of 2024.

How large is Sea Island Foundation Inc?

As of 2024, Sea Island Foundation Inc holds $137K in total assets with $163K in annual revenue. It awarded 3 grants totaling $23K in 2024.

Where does Sea Island Foundation Inc operate?

Sea Island Foundation Inc has awarded grants in Georgia.

What size grants does Sea Island Foundation Inc award?

In 2024, Sea Island Foundation Inc awarded 3 grants totaling $23K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Sea Island Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Sea Island Foundation Inc reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.