Sidney Sacks Charitable Trust
- Assets
- $606.1k
- Revenue
- $17.9k
- Investments
- $522.3k
- Employees
- 0
- Location
- Hollywood, FL
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-3146513
Organization Overview
Sidney Sacks Charitable Trust is located in Hollywood, FL. The organization was established in 2015. 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. Sidney Sacks Charitable Trust 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, Sidney Sacks Charitable Trust generated $17.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $94.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sidney Sacks Charitable Trust has awarded 55 individual grants totaling $302,038. 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
UNITED WAY OF MIAMI
BOYS & GIRLS CLUB OF MIAMI
JEWISH FEDERATION OF BROWARD
CHABAD OF SOUTHWEST BROWARD
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,867 |
| 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 | $17,867 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,579 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $259 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $67,338 |
| Contributions, gifts, grants paid | $27,321 |
| Total expenses and disbursements | $94,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,771 |
| Savings and temporary cash investments | $58,117 |
| 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 | $606,146 |
| 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, Sidney Sacks Charitable Trust has awarded $27,321 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DAVID POSNACK JEWISH COMMUNITY CENTER PURPOSE: SCHOLARSHIPS,COMMUNITY PROGRAMS,HEALTH CLUB | $1,000 |
HILLEL OF BROWARD AND PALM BCH PURPOSE: BENEFIT OF JEWISHSOCIAL SERVICE AND EDUCATION | $521 |
JEWISH FEDERATION OF BROWARD PURPOSE: BENEFIT OF JEWISHSOCIAL SERVICE AND EDUCATION | $2,300 |
BOYS & GIRLS CLUB OF MIAMI PURPOSE: YOUTH TENNISIMPROVE QUALITYOF LIVES | $8,500 |
NATIONAL JEWISH THEATER FOUNDATION PURPOSE: BENEFIT OF JEWISHSOCIAL SERVICES AND EDUCATION | $1,000 |
CHABAD OF SOUTHWEST BROWARD PURPOSE: BENEFIT OF JEWISHSOCIAL SERVICESAND EDUCATION | $2,500 |