John E Sackett Foundation Inc
- Assets
- $177.3k
- Revenue
- $21.5k
- Investments
- $157.7k
- Employees
- 0
- Location
- Albany, NY
- Founding
- 09/1982
- Data as of
- 06/2023
- EIN
- 22-2319706
Organization Overview
John E Sackett Foundation Inc is located in Albany, NY. The organization was established in 1982. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John E Sackett 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 06/2023, John E Sackett Foundation Inc generated $21.5k 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 (8.1%) each year. All expenses for the organization totaled $94.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linanne Sackett President | 3 | $0 | |
Justus Sackett Vice President | 3 | $0 | |
Edward Dick Treasurer / Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,967 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,508 |
| Capital Gain Net Income | $16,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,475 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $262 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $947 |
| Total operating and administrative expenses | $9,160 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $94,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,465 |
| 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 | $132 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $177,339 |
| Accounts payable and accrued expenses | $251 |
| 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 | $251 |
Grants Awarded
Over the last fiscal year, John E Sackett Foundation Inc has awarded $95,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPORTS & THERAPEUTIC RECREATION INSTRUCTION DEVELOPMENT EDUCATION INC PURPOSE: EDUCATIONAL - UNRESTRICTED | $85,000 |
EMPTY ARMS BEREAVEMENT SUPPORT PURPOSE: EDUCATIONAL - UNRESTRICTED | $10,000 |