Sandy Hill Foundation
- Assets
- $17.3m
- Revenue
- $375.9k
- Investments
- $16.3m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 22-2668774
Organization Overview
Sandy Hill Foundation is located in Morristown, NJ. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sandy Hill 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, Sandy Hill Foundation generated $375.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.1%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sandy Hill Foundation has awarded 388 individual grants totaling $11,846,708. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Walsh President | 2 | $0 | |
Frank E Walsh Jr Chairman | 10 | $0 | |
Jeffrey R Walsh Treasurer/secretary | 5 | $0 | |
Mary D Walsh Vice President | 0 | $0 | |
Meghan Walsh Cioffi Vice President | 0 | $0 | |
Frank E Walsh III Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,073 |
| Interest on Savings | $20,029 |
| Dividends & Interest | $145,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,480 |
| Capital Gain Net Income | $270,469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,866 |
| Total Revenue | $375,908 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $95,868 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $330 |
| Total operating and administrative expenses | $97,958 |
| Contributions, gifts, grants paid | $3,237,050 |
| Total expenses and disbursements | $3,335,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $956,654 |
| Savings and temporary cash investments | $0 |
| 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 | $8,137,474 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,254,739 |
| 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, Sandy Hill Foundation has awarded $3,237,050 in support to 125 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL FUND | $5,000 |
ADORER MISSIONARY SISTERS OF THE POOR INC PURPOSE: GENERAL FUND | $50,000 |
ALS FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
AMERICARES PURPOSE: GENERAL FUND | $25,000 |
AMERICARES PURPOSE: GENERAL FUND | $50,000 |
ARC OF PALM BEACH COUNTY PURPOSE: GENERAL FUND | $10,000 |