Overview

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Est.

2011

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Sussex Academy Foundation Inc, identified by EIN 45-3820950, is a nonprofit organization dedicated to advancing Sussex Academy by raising funds for major capital improvements to its facilities, which serve middle and high school students in grades 6-12. With an operating budget of $1.3 million and total revenue of $684.2K for the filing year 2024, the foundation relies on a diverse group of funders, none of which contribute 50% or more of its revenue. More information can be found on their website at www.sussexacademyfoundation.com.

Mission Statement

THE SUSSEX ACADEMY FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF SUSSEX ACADEMY. THE FOUNDATION IS FOCUSED ON RAISING THE FUNDS TO MAKE MAJOR CAPITAL IMPROVEMENTS TO THE FACILITY, AS HAS EXPANDED TO SERVE BOTH MIDDLE AND HIGH SCHOOL STUDENTS, GRADES 6-12.
Revenues
$684.2K
Expenses
$1.3M
Net Income:
-$575.9K
Assets
$25.6M
Liabilities
$12.2M
Net Assets:
+$13.4M
Operating Budget
$1.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$2.5K
Largest grant received
$2.5K
J
Joseph M Schell
Board Member
M
Michael J Rawl
Board Member
M
Michele Mundok
Board Member

Frequently Asked Questions

What is SUSSEX ACADEMY FOUNDATION INC’s budget?
In 2024, SUSSEX ACADEMY FOUNDATION INC reported an annual operating budget of around $1.3 million. More detailed financial information is available to registered users.
What causes does SUSSEX ACADEMY FOUNDATION INC support?
SUSSEX ACADEMY FOUNDATION INC supports work in Secondary education and Education.
Where does SUSSEX ACADEMY FOUNDATION INC operate?
SUSSEX ACADEMY FOUNDATION INC is headquartered in Lewes, DE.
Who funded SUSSEX ACADEMY FOUNDATION INC recently?
In 2024, SUSSEX ACADEMY FOUNDATION INC received grants from RED WAGON CALAGIONE FAMILY FOUNDATION F/K/A BEER & BENEVOLENCE FOUNDATION, RED WAGON CALAGIONE FAMILY FOUNDATION F/K/A BEER & BENEVOLENCE FOUNDATION, and RED WAGON CALAGIONE FAMILY FOUNDATION F/K/A BEER & BENEVOLENCE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant SUSSEX ACADEMY FOUNDATION INC received in 2024?
The largest grant to SUSSEX ACADEMY FOUNDATION INC in 2024 exceeds $2,500.