The Sycamore Institute, Inc.
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$1,002,000.00
Projected Expenses
$1,001,528.00
Organizational Budgets and Other Documents
| 2024 Budget | 2024 |
| 2023 Budget | 2023 |
| 2022 Budget | 2022 |
| 2021 Budget | 2021 |
| 2020 Budget | 2020 |
| 2019 Budget | 2019 |
| 2018 Budget | 2018 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $732,194.00 | $605,162.00 | |
| Total Expenses | $759,326.00 | $661,559.00 | |
| Revenue Less Expenses | ($-0.00) | ($27,132.00) | ($56,397.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $725,671.00 | $599,619.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $5,196.00 | $5,000.00 | |
| Investment Income, Net of Losses | $1,327.00 | $543.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $661,143.00 | $578,152.00 | |
| Administration Expense | $53,525.00 | $45,995.00 | |
| Fundraising Expense | $44,658.00 | $37,412.00 | |
| Total Revenue/Total Expenses | 96% | 91% | |
| Program Expense/Total Expenses | 87% | 87% | |
| Fundraising Expense/Contributed Revenue | 6% | 6% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $725,671.00 | Contributions, Gifts, Grants $599,619.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $5,196.00 | Program Revenue $5,000.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $1,327.00 | Investment Income $543.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $801,812.00 | $523,690.00 | |
| Current Assets | $514,637.00 | $523,690.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $331,388.00 | $26,134.00 | |
| Total Net Assets | $470,424.00 | $523,690.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Solicitations Permit
Form 990s
| 2022 Form 990 | 2022 |
| 2021 Form 990 | 2021 |
| 2020 Form 990 | 2020 |
| 2019 Form 990 | 2019 |
| 2018 Form 990 | 2018 |
| 2017 Form 990 | 2017 |
| 2016 Form 990 | 2016 |
| 2015 Form 990 | 2015 |
Audit Documents
| 2023 Audited Financials | 2023 |
| 2021 Audited Financials | 2021 |
| 2020 Audited Financials | 2020 |
| 2019 Audited Financials | 2019 |
| 2018 Audited Financials | 2018 |
| 2017 Audited Financials | 2017 |
| 2016 Audited Financials | 2016 |
CEO/Executive Director/Board Comments
| Sycamore was established in November 2015 and operated as a subsidiary of The Healing Trust (THT) for its first year. THT committed $2.5 million in a 5-year operating grant structured to cover the full expenses of the organization for the first 3 years. In 2019 and 2020, the commitment converts to a 2:1 matching grant. In 2018 we raised the $250,000 needed to draw the full $500,000 in 2019. We have shifted our focus to 2019 fundraising needed to draw down 2020 funding and to long-term sustainability. The intent of the grant structure was to enable the brand new organization to launch and get on its feet as a trusted source of non/bipartisan public policy analysis before facing significant fundraising demands. As a result, in its first few years, The Sycamore Institute was able to focus on hiring the right people, building the right board, producing high-quality research, and building its reputation. Now, the organization has successfully produced a significant body of research and established its unique non/bipartisan niche and can more easily demonstrate its value to donors and the issues and other nonprofits they care about in their communities. |
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in Individual Contributions sum, as these amounts are not separated in Form 990. Form 990 was prepared by Blankenship CPA Group, PLLC. Comments provided by Nicole Rose 11/20/2023. |
