The Sandridge Foundation
- Assets
- $1.2m
- Revenue
- $169.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/1998
- Data as of
- 06/2022
- EIN
- 58-6369441
Organization Overview
The Sandridge Foundation is located in Atlanta, GA. The organization was established in 1998. 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. Sandridge 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 06/2022, Sandridge Foundation generated $169.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $74.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sandridge Foundation has awarded 43 individual grants totaling $257,500. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh Peterson Jr Trustee; Member, Dist Comm | 1 | $0 | |
Mary Jane Fincher Peterson Member, Distribution Comm | 1 | $0 | |
Hugh Peterson III Member, Distribution Comm | 0.25 | $0 | |
William Fincher Peterson Member, Distribution Comm | 0.25 | $0 | |
Richard Russell Peterson Member, Distribution Comm | 0.25 | $0 | |
Patience Eunice Peterson Member, Distribution Comm | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $96,795 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,537 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,608 |
| Capital Gain Net Income | $48,608 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $99 |
| Total operating and administrative expenses | $9,327 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $74,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $133,696 |
| 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 | $5,673 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,204,996 |
| 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 Sandridge Foundation has awarded $65,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
PAUL ANDERSON YOUTH HOME PURPOSE: CIVIC - GENERAL FUNDS | $5,000 |
YMCA PURPOSE: DONATION FOR CAMP HIGH HARBOUR AT LAKE BURTON | $2,500 |
THE SALVATION ARMY PURPOSE: CIVIC - CAPITAL CAMPAIGN | $20,000 |
TULANE SCHOOL OF ARCHITECTURE PURPOSE: ANNUAL GIFTING - GENERAL FUNDING | $1,000 |
WOODRUFF ARTS CENTER PURPOSE: VOIDED - DONATION NOT RECEIVED | -$2,000 |
BREWTON-PARKER COLLEGE PURPOSE: GENERAL EDUCATIONAL FUND | $15,000 |