Sandy Spring Bank Foundation Inc
- Assets
- $207.0k
- Revenue
- $21.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olney, MD
- Founding
- 02/2015
- Data as of
- 12/2022
- 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 12/2022, Sandy Spring Bank Foundation Inc generated $21.0 in total revenue. All expenses for the organization totaled $4.5k during the year ending 12/2022.
Since 2020, Sandy Spring Bank Foundation Inc has awarded 15 individual grants totaling $677,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 0.2 | $0 | |
Name Not Listed Treasurer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| 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 | $21 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,416 |
| Total operating and administrative expenses | $4,510 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $207,039 |
| 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 | $207,039 |
| 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 $677,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MARYLAND FOOD BANK PURPOSE: FUND SCHOOL PANTRY PROGRAM IN AA COUNTY | $25,000 |
CAPITAL AREA FOOD BANK PURPOSE: FUND FAMILY MARKETS PROGRAM | $25,000 |
OPERATION RENEWED HOPE FOUNDATION PURPOSE: FUND VETERANS PROGRAMS | $25,000 |
ADVENTIST HEALTHCARE SHADY GROVE PURPOSE: COVID19 RELIEF | $50,000 |
ANNE ARUNDEL MEDICAL CENTER FOUNDATION PURPOSE: COVID19 RELIEF | $50,000 |
DOCTORS COMMUNITY HOSPITAL PURPOSE: COVID19 RELIEF | $50,000 |