Sac Foundation
- Assets
- $1.9m
- Revenue
- $41.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2535295
Organization Overview
Sac Foundation is located in New Orleans, LA. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Sac 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, Sac Foundation generated $41.5k 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 (40.2%) each year. All expenses for the organization totaled $118.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sac Foundation has awarded 19 individual grants totaling $227,000. 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 |
|---|---|---|---|
Richard M Cahn President/secretary | 1 | $0 | |
Vivian Cahn Vice-President | 0 | $0 | |
David J Cahn Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$943 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,458 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,299 |
| Contributions, gifts, grants paid | $92,000 |
| Total expenses and disbursements | $118,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,861 |
| 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 | $2,831 |
| Total assets | $1,870,860 |
| 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, Sac Foundation has awarded $92,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD-LUBAVITCH OF LOUISIANA PURPOSE: FOR GENERAL PURPOSES OF GRANTEE | $15,000 |
JEWISH CHILDREN'S REGIONAL SERVICES PURPOSE: FOR GENERAL PURPOSES OF GRANTEE | $30,000 |
JEWISH COMMUNITY DAY SCHOOL PURPOSE: FOR GENERAL PURPOSES OF GRANTEE | $7,500 |
SLATER TORAH ACADEMY PURPOSE: FOR GENERAL PURPOSES OF GRANTEE | $7,500 |
URJ HENRY S JACOBS CAMP PURPOSE: FOR GENERAL PURPOSES OF GRANTEE | $15,000 |
HOUSING OPPORTUNITIES FOR MUSICIANS AND ENTERTAINERS PURPOSE: FOR GENERAL PURPOSES OF GRANTEE | $2,000 |