The Sandler Oneill Assistance Foundation
- Assets
- $5.3m
- Revenue
- $53.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chatham, NJ
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 06-1631340
Organization Overview
The Sandler Oneill Assistance Foundation is located in Chatham, NJ. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sandler Oneill Assistance Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sandler Oneill Assistance Foundation generated $53.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $443.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sandler Oneill Assistance Foundation has awarded 123 individual grants totaling $6,269,943. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION PAID FOR TUITION AND RELATED EXPENSES FOR THE FAMILY MEMBERS OF THE VICTIMS OF SEPTEMBER 11, 2001 ATTACKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew J Armstrong Jr President | 1 | $0 | |
Timothy P Neher Secretary | 1 | $0 | |
Charles H Witmer Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,347 |
| Total operating and administrative expenses | $6,347 |
| Contributions, gifts, grants paid | $437,181 |
| Total expenses and disbursements | $443,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,928 |
| Savings and temporary cash investments | $5,115,708 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,541 |
| Total assets | $5,274,177 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Sandler Oneill Assistance Foundation has awarded $437,181 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CARALYN FITZPATRICK PURPOSE: TUITION, ROOM & BOARD | $49,450 |
CHARLOTTE SMITH PURPOSE: TUITION, ROOM & BOARD | $73,046 |
JOHN WRIGHT PURPOSE: TUITION, ROOM & BOARD | $68,744 |
KATHERINE ORGIELEWICZ PURPOSE: TUITION, ROOM & BOARD | $78,992 |
THOMAS BRENNAN PURPOSE: TUITION, ROOM & BOARD | $87,259 |
WHITNEY CLARK PURPOSE: TUITION, ROOM & BOARD | $75,200 |