Sandy Spring Bank Foundation Inc
- Assets
- $211.5k
- Revenue
- $59.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olney, MD
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 46-3263627
Organization Overview
Sandy Spring Bank Foundation Inc is located in Olney, MD. The organization was established in 2015. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 Spring Bank Foundation Inc 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 12/2021, Sandy Spring Bank Foundation Inc generated $59.0 in total revenue.
Since 2020, Sandy Spring Bank Foundation Inc has awarded 30 individual grants totaling $1,355,000. 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 |
|---|---|---|---|
Name Not Listed President | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $59 |
| Dividends & Interest | $0 |
| 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 | $59 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,750 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $211,528 |
| 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 | $0 |
| Total assets | $211,528 |
| 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 Spring Bank Foundation Inc has awarded $1,355,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfax, VA PURPOSE: COVID19 RELIEF | $100,000 |
Fairfax, VA PURPOSE: COVID19 RELIEF | $100,000 |
MEDSTAR GOOD SAMARITAN HOSPITAL PURPOSE: COVID19 RELIEF | $50,000 |
HOWARD COUNTY HOSPITAL FOUNDATION PURPOSE: COVID19 RELIEF | $50,000 |
Frederick, MD PURPOSE: COVID19 RELIEF | $50,000 |
ADVENTIST HEALTHCARE SHADY GROVE PURPOSE: COVID19 RELIEF | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |
Illumina Corporate Foundation Wilmington, DE | $8,163,072 | $7,329,761 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Henkels Foundation Blue Bell, PA | $1,152,398 | $2,386,882 |
Amani Family Foundation Wilmington, DE | $45,849,271 | $16,212,818 |
Tamias Foundation Hunt Valley, MD | $26,017,429 | $6,201,686 |