SULTANA EDUCATION FOUNDATION INC

EIN: 522021091 501(c)(3) Arts, Culture & Humanities

CHESTERTOWN, MD

Total Revenue
$2,308,603
Total Expenses
$1,671,624
Total Assets
$10,226,941
Net Assets
$9,663,009
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MD
Principal Officer
ROBERT HINDMAN
Phone
4107785954
Tax Period
2023-01-01 to 2023-12-31

SULTANA EDUCATION FOUNDATION INC, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $637K, a strong 28% operating margin.

Mission

TO PROVIDE TRANSFORMATIVE EDUCATIONAL EXPERIENCES THAT INVESTIGATE THE NATURAL AND HUMAN HISTORY OF THE CHESAPEAKE BAY WHILE EXPLORING SOLUTIONS FOR CREATING A MORE SUSTAINABLE ECOSYSTEM

Program Service Accomplishments

Program 1
Expenses: $1,153,000 Revenue: $562,427

THE SULTANA EDUCATION FOUNDATION WORKS TO DEVELOP FUTURE STEWARDS FOR THE CHESAPEAKE BAY BY PROVIDING FIELD PROGRAMS IN HISTORY AND ENVIRONMENTAL SCIENCE. K-12 SCHOOL CHILDREN COMPRISE THE...

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THE SULTANA EDUCATION FOUNDATION WORKS TO DEVELOP FUTURE STEWARDS FOR THE CHESAPEAKE BAY BY PROVIDING FIELD PROGRAMS IN HISTORY AND ENVIRONMENTAL SCIENCE. K-12 SCHOOL CHILDREN COMPRISE THE ORGANIZATIONS PRINCIPAL AUDIENCE, AND THE FOUNDATIONS CORE PROGRAMS ARE CERTIFIED BY THE MARYLAND STATE DEPARTMENT OF EDUCATION MSDE. SULTANA IS ALSO A SIGNIFICANT PROVIDER OF MSDE CERTIFIED PROFESSIONAL DEVELOPMENT PROGRAMS FOR MARYLAND TEACHERS AS WELL AS ENRICHMENT PROGRAMS FOR THE GENERAL PUBLIC. THE FOUNDATIONS PROGRAMS SERVE APPROXIMATELY 12,000 PARTICIPANTS ANNUALLY AND HAVE BEEN RECOGNIZED AS AMONG THE BEST OF THEIR KIND IN THE NATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,636,803
Program Service Revenue $562,427
Investment Income $109,373
Other Revenue $0
TOTAL REVENUE $2,308,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $985,579
Fundraising Expenses $243,846
Program Expenses $1,153,000
Other Expenses $686,045
TOTAL EXPENSES $1,671,624

Year-over-Year Comparison

2023 2022 Change
Revenue $2,308,603 $1,636,836 +0.4%
Expenses $1,671,624 $1,454,611 +0.1%
Net Income $636,979 $182,225 +2.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
29
Volunteers
120

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$89,409
Total Directors
23
$89,409
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DREW MCMULLEN EXECUTIVE DIRECTOR 040.00
Officer Director
$88,652 $757 $89,409
CHRISTIAN HAVEMEYER IMMEDIATE PAST CHAIR 001.00
Officer Director
$0 $0 $0
ROBERT HINDMAN CHAIR 001.00
Officer Director
$0 $0 $0
LYLE FEISEL SECRETARY 001.00
Officer Director
$0 $0 $0
WALLACE REYNOLDS DIRECTOR 001.00
Director
$0 $0 $0
JOYCE HUBER FOUNDING BOARD CHAIR 001.00
Officer Director
$0 $0 $0
J TAYLOR BUCKLEY DIRECTOR 001.00
Director
$0 $0 $0
DIANE CAMPER DIRECTOR 001.00
Director
$0 $0 $0
DAVID CANTERA DIRECTOR 001.00
Director
$0 $0 $0
AARON GABRIELIAN DIRECTOR 001.00
Director
$0 $0 $0
BROOKE HARWOOD VICE PRESIDENT 001.00
Officer Director
$0 $0 $0
PATTI HEGLAND DIRECTOR 001.00
Director
$0 $0 $0
DONALD HEWES DIRECTOR 001.00
Director
$0 $0 $0
SAMANTHA HOLLOMON DIRECTOR 001.00
Director
$0 $0 $0
NANCY WALKER LOW DIRECTOR 001.00
Director
$0 $0 $0
BROOKE LOGAN PACKARD DIRECTOR 001.00
Director
$0 $0 $0
MELVIN RAPELYEA DIRECTOR 001.00
Director
$0 $0 $0
ERIC SCHLESS TREASURER 001.00
Officer Director
$0 $0 $0
NITIN SHAJWANI DIRECTOR 001.00
Director
$0 $0 $0
JOHN SWAIN DIRECTOR 001.00
Director
$0 $0 $0
MATTHEW TOBRINER DIRECTOR 001.00
Director
$0 $0 $0
MARY JOB VEVERKA DIRECTOR 001.00
Director
$0 $0 $0
CRAIG VOSBURG DIRECTOR 001.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,308,603 $1,671,624 $10,226,941 $636,979
2022 $1,636,836 $1,454,611 $8,854,803 $182,225
2021 $2,075,256 $1,119,431 $9,308,717 $955,825
2020 $1,489,947 $1,100,554 $8,224,041 $389,393
2019 $1,786,458 $1,437,810 $7,765,124 $348,648
2018 $1,231,844 $1,224,046 $7,031,272 $7,798
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