Sapling Foundation
- Assets
- $16.8m
- Revenue
- $161.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 94-3235545
Organization Overview
Sapling Foundation is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Sapling 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, Sapling Foundation generated $161.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (67.2%) each year. All expenses for the organization totaled $27.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (76.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAPLING FOUNDATION CEASED IT'S DIRECT CHARITABLE ACTIVITIES RELATED TO TED WHICH IS NOW OPERATED BY TED FOUNDATION, HOWEVER SAPLING MADE A GRANT IN 2021 TO SUPPORT TED FOUNDATIONS OPERATIONS WHICH WERE NEGATIVELY IMPACTED BY COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Anderson President | 2 | $0 | |
Thomas Valentino CFO | 2 | $0 | |
Nishat Ruiter Secretary | 1 | $0 | |
Elizabeth Fitchett Director | 1 | $0 | |
Joseph Fitchett Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sean Gannet(paid Via Ted Llc) | 12/30/14 | $147,056 |
Infinity House Production (Paid Via Ted Llc) | 12/30/14 | $135,212 |
John Cary (Paid Via Ted Llc) | 12/30/14 | $105,172 |
Kirill Yeretsky(paid Via Ted Llc) | 12/30/14 | $94,500 |
Elise Merhige(paid Via Ted Llc) | 12/30/14 | $122,628 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $136,575 |
| Dividends & Interest | $0 |
| 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 | $24,606 |
| Total Revenue | $161,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,328 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $27,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,923,937 |
| 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 | $13,860,300 |
| Total assets | $16,784,237 |
| Accounts payable and accrued expenses | $6,311 |
| 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 | $6,311 |
Grants Awarded
Over the last fiscal year, Sapling Foundation has awarded $1,459,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FUNDACAO SOS MATA ATLANTICA PURPOSE: GRANT FOR REFORESTATION PROGRAMPURPOSE OF THE GRANT:TO SUPPORT THE REFORESTATION PROGRAM AND PAY FOR THE PLANTING OF 8,000 TREES IN ITU. | $75,000 |
NEWCASTLE UNIVERSITY PURPOSE: BUILD A "SCHOOL IN THE CLOUD" PLATFORM | $384,000 |
GLOBAL WITNESS PURPOSE: TO LAUNCH A NEW ERA OF OPENNESS IN BUSINESS | $1,000,000 |