Sack Family Foundation
- Assets
- $2.8m
- Revenue
- $237.2k
- Investments
- $2.8m
- Employees
- 0
- Location
- Longboat Key, FL
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 65-6217967
Organization Overview
Sack Family Foundation is located in Longboat Key, FL. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sack Family Foundation 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, Sack Family Foundation generated $237.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.2%) each year. All expenses for the organization totaled $698.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sack Family Foundation has awarded 37 individual grants totaling $1,437,952. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,901 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $157,980 |
| Capital Gain Net Income | $157,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,368 |
| Total Revenue | $237,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,603 |
| Total operating and administrative expenses | $76,289 |
| Contributions, gifts, grants paid | $621,725 |
| Total expenses and disbursements | $698,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,372 |
| 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 | $1,221,526 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,286 |
| Total assets | $2,829,991 |
| 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, Sack Family Foundation has awarded $621,725 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
GULF COAST COMMUNITY FOUNDATION PURPOSE: CHARITY | $615,000 |
MARINE CORPS SCHOLARSHIP FOUNDATION PURPOSE: EDUCATION | $1,200 |
HEROES IN TRANSITION PURPOSE: CHARITY | $250 |
CORNELL CLASS OF 1961 PURPOSE: EDUCATION | $30 |
SJOGREN'S SYNDROME FOUNDATION PURPOSE: MEDICINE | $250 |
CAT DEPOT PURPOSE: CHARITY | $250 |