The Jose M Sanchez Family Foundation Inc
- Assets
- $589.1k
- Revenue
- $30.9k
- Investments
- $387.9k
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 65-0990435
Organization Overview
The Jose M Sanchez Family Foundation Inc is located in Coral Gables, FL. The organization was established in 2001. 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. Jose M Sanchez Family 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 12/2023, Jose M Sanchez Family Foundation Inc generated $30.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $51.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jose M Sanchez Family Foundation Inc has awarded 155 individual grants totaling $684,449. 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 |
|---|---|---|---|
Jose M Sanchez President | 2 | $0 | |
Carlos A Saladrigas Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $249 |
| Dividends & Interest | $22,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,154 |
| Capital Gain Net Income | $8,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,737 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,496 |
| Contributions, gifts, grants paid | $41,600 |
| Total expenses and disbursements | $51,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $201,173 |
| 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 | $589,116 |
| 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, The Jose M Sanchez Family Foundation Inc has awarded $41,600 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
CENTRO MATER PURPOSE: GENERAL SUPPORT | $1,000 |
CHRISTOPHER COLUMBUS HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $100 |
DOWN SYNDROME ASSOCIATION OF MIAMI PURPOSE: CHARITABLE ORGANIZATION | $1,000 |
GESU CATHOLIC CHURCH PURPOSE: GENERAL SUPPORT | $4,500 |
MARIAN CENTER SCHOOLS & SERVICES PURPOSE: GENERAL SUPPORT | $2,000 |