Marc Sanders Foundation
- Assets
- $7.7m
- Revenue
- $169.5k
- Investments
- $6.2m
- Employees
- 0
- Location
- Hillsborough, NJ
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 22-3840808
Organization Overview
Marc Sanders Foundation is located in Hillsborough, NJ. The organization was established in 2002. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marc Sanders 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, Marc Sanders Foundation generated $169.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $758.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Pasek Chairman | 0 | $0 | |
Holly Isdale Trustee | 0 | $0 | |
Kathleen Mccartney Trustee | 0 | $0 | |
David Sosa Vice Chair And Trustee | 0 | $0 | |
Richard Dougherty Secretary And Treasurer | 0 | $0 | |
Geoffrey Sayre-Mccord Executive Director | 40 | $161,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,683 |
| Interest on Savings | $76,872 |
| Dividends & Interest | $88,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,548 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $255 |
| Total Revenue | $169,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $230,860 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,942 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,368 |
| Printing and publications | $0 |
| Other expenses | $102,016 |
| Total operating and administrative expenses | $481,932 |
| Contributions, gifts, grants paid | $276,382 |
| Total expenses and disbursements | $758,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,040 |
| Savings and temporary cash investments | $105,875 |
| 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 | $1,149,978 |
| Total assets | $7,687,635 |
| 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, Marc Sanders Foundation has awarded $360,733 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS SCHOLARSHIPS PURPOSE: EDUCATION | $349,233 |
HONORARIUM PURPOSE: EDUCATION | $11,500 |