Sachs Foundation
- Assets
- $55.8m
- Revenue
- $3.3m
- Investments
- $54.2m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 01/1932
- Data as of
- 12/2023
- EIN
- 84-0500835
Organization Overview
Sachs Foundation is located in Colorado Springs, CO. The organization was established in 1932. 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. Sachs 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 12/2023, Sachs Foundation generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sachs Foundation has awarded 27 individual grants totaling $15,470,650. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS FOR MEMBERS OF THE BLACK/AFRICAN AMERICAN RACE AND RESIDENTS OF COLORADO.
THE ELEVATED PROGRAM SEEKS TO EMPOWER BLACK YOUTH AND THEIR FAMILIES BY PROVIDING MENTORSHIP, EQUITABLE OPPORTUNITIES AND COLLEGIATE ACCESS TO SUCCEED IN HIGHER EDUCATION.
THE SACHS TEACHER DEVELOPMENT PROGRAM LOOKS TO INCREASE THE NUMBER OF AFRICAN-AMERICAN TEACHERS SERVING IN COLORADO, SPECIFICALLY IN SCHOOLS WITH LARGE BLACK STUDENT POPULATIONS
SAT AND ACT TEST TAKING, ATTEND WORKSHOPS ON APPLYING FOR FINANCIAL ASSISTANCE, AND PARTICIPATE IN COLLEGE VISITS. THE PROGRAM ALSO DISTRIBUTES SCHOLARSHIP FUNDS THROUGH CO 529.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig S Ralston Secretary/treasurer | 0.25 | $4,000 | |
Wilton W Cogswell III 1st Vice President | 0.25 | $4,000 | |
Dana Capozzella Vice-President | 0.25 | $4,000 | |
Ben Ralston President | 40 | $191,667 | |
Antonio Rosendo Vice President | 0.25 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,177,687 |
| Interest on Savings | $0 |
| Dividends & Interest | $548,961 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $604,321 |
| Capital Gain Net Income | $604,321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,819 |
| Total Revenue | $3,336,788 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $207,667 |
| Other employee salaries and wages | $437,053 |
| Pension plans, employee benefits | $135,380 |
| Interest | $0 |
| Taxes | $54,045 |
| Depreciation | $6,062 |
| Occupancy | $91,255 |
| Travel, conferences, and meetings | $15,348 |
| Printing and publications | $0 |
| Other expenses | $120,325 |
| Total operating and administrative expenses | $1,226,253 |
| Contributions, gifts, grants paid | $1,695,239 |
| Total expenses and disbursements | $2,921,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,688 |
| Savings and temporary cash investments | $879,096 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $368,855 |
| 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 | $27,147 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,802,998 |
| Net Land, buildings, and equipment | $19,721 |
| Other assets | $25,300 |
| Total assets | $55,837,881 |
| Accounts payable and accrued expenses | $4,985 |
| Grants payable | $2,450,379 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $189,383 |
| Total liabilities | $2,644,747 |
Grants Awarded
Over the last fiscal year, Sachs Foundation has awarded $1,632,137 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY ASSISTANCE GRANTEES PURPOSE: COMMUNITY ASSISTANCE | $0 |
EDUCATIONAL GRANTEES PURPOSE: EDUCATIONAL | $632,183 |
COLLEGE PREP ACADEMY GRANTS PURPOSE: COLLEGE PREP ACADEMY - EDUCATIONAL | $0 |
ELEVATED GRANTS PURPOSE: ELEVATED - EDUCATION | $999,954 |