Sands Family Supporting Foundation Inc
- Assets
- $109.7m
- Revenue
- $5.4m
- Investments
- $47.1m
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 05/2016
- Data as of
- 03/2021
- EIN
- 81-0751295
Organization Overview
Sands Family Supporting Foundation Inc is located in Rochester, NY. The organization was established in 2016. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Sands Family Supporting 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 03/2021, Sands Family Supporting Foundation Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $1.4m during the year ending 03/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Sands Family Supporting Foundation Inc has awarded 26 individual grants totaling $23,034,446. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CHARITABLE EFFORTS OF ROCHESTER AREA COMMUNITY FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SANDS FAMILY SUPPORTING FOUNDATION'S COMMUNITY GRANTS WILL SUPPORT EDUCATION, HEALTHCARE, OR THE ARTS. SANDS GRANT PROJECTS OR PROGRAMS IN MONROE, ONTARIO, AND LIVINGSTON COUNTIES DEMONSTRATE POTENTIAL FOR IMPACT BY ADDRESSING AN UNDERSERVED OR UNDERFUNDED NEED, POPULATION, OR ISSUE (23 SERVED).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Sands President | OfficerTrustee | 1 | $0 |
Robert Sands Vice President | OfficerTrustee | 1 | $0 |
Abigail Bennett Member | Trustee | 1 | $0 |
James B Brush Member | Trustee | 1 | $0 |
Simeon Banister Member | Trustee | 1 | $0 |
Jose J Coronas Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,530,197 |
| Investment income | $814,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,063,593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,407,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $498 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $246,421 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $116,352 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,377,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $62,566,026 |
| Investments—other securities | $47,101,867 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $109,668,262 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,300,633 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,300,633 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $108,367,629 |
Grants Awarded
Over the last fiscal year, Sands Family Supporting Foundation Inc has awarded $6,566,360 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER ROCHESTER CHAMBER OF COMMERCE FOUNDATION PURPOSE: FOR THE SANDY PARKER SCHOLARSHIP | $10,000 |
EDUCATION SUCCESS FOUNDATION PURPOSE: FOR SF2 POSSIBILITIES FOR TOMORROW GRANT | $3,339,360 |
ARTISANWORKS PURPOSE: FOR GENERAL SUPPORT | $25,000 |
ISAIAH HOUSE INC PURPOSE: FOR GENERAL SUPPORT | $10,000 |
INTERVOL PURPOSE: FOR INTERVOL INVITATIONAL GOLF TOURNAMENT | $30,000 |
JEWISH FEDERATION OF GREATER ROCHESTER PURPOSE: FOR UKRAINE AND REFUGEES RELIEF EFFORT | $25,000 |