Sasco Foundation Corporation
- Assets
- $2.4m
- Revenue
- $109.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 02/2012
- Data as of
- 06/2022
- EIN
- 45-2286657
Organization Overview
Sasco Foundation Corporation is located in Memphis, TN. The organization was established in 2012. 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. Sasco Foundation Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Sasco Foundation Corporation has awarded 34 individual grants totaling $1,183,828. 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 |
|---|---|---|---|
Larry H Smead Chairman | 10 | $0 | |
Andrew K Soffa Director | 10 | $0 | |
Larry H Smead Chairman | 10 | $0 | |
Andrew K Soffa Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $7,090 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,106 |
| Capital Gain Net Income | $101,106 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,714 |
| Total Revenue | $109,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,484 |
| Total operating and administrative expenses | $11,484 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $12,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,063 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,349,759 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,352,822 |
| Accounts payable and accrued expenses | $1,815 |
| 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 | $1,815 |
Grants Awarded
Over the last fiscal year, Sasco Foundation Corporation has awarded $81,456 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ANGELES COUNTY MUSEUM OF ART PURPOSE: TO SERVE THE PUBLIC THROUGH COLLECTION, CONSERVATION, EXHIBITION AND INTERPRETATION OF SIGNIFICANT WORKS OF ART FROM A BROAD RANGE OF CULTURES AND HISTORICAL PERIODS, AND THROUGH TRANSLATION OF THESE COLLECTIONS INTO MEANINGFUL EDUCATIONAL AESTHETIC, INTELLETUAL AND CULTURAL EXPERIENCES FOR THE WIDEST ARRAY OF AUDIENCES. | $11,456 |
AMERICAN HEART ASSOCIATION PURPOSE: FOCUS ON ACTIVITIES RELATED TO THE CAUSES, DIAGNOSIS, PREVENTION AND TREATMENT OF CARDIVASCULAR DISEASE, STROKE AND OTHER RELATED DISEASES. | $70,000 |