Sapling Foundation
- Assets
- $16.7m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2021
- 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 12/2021, Sapling Foundation generated $13.8m 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 (32.4%) each year. All expenses for the organization totaled $69.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (81.9%) per year over the past 4 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
2021
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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sean Gannet(paid Via Ted Llc) | 12/30/14 | $147,056 |
John Cary (Paid Via Ted Llc) | 12/30/14 | $105,172 |
Infinity House Production (Paid Via Ted Llc) | 12/30/14 | $135,212 |
Elise Merhige(paid Via Ted Llc) | 12/30/14 | $122,628 |
Kirill Yeretsky(paid Via Ted Llc) | 12/30/14 | $94,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,800,000 |
| Interest on Savings | $671 |
| 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 | $0 |
| Total Revenue | $13,800,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $550 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $59,858 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $69,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,829,806 |
| 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 | $13,860,297 |
| 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 | $16,690,103 |
| 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, Sapling Foundation has awarded $1,459,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL WITNESS PURPOSE: TO LAUNCH A NEW ERA OF OPENNESS IN BUSINESS | $1,000,000 |
NEWCASTLE UNIVERSITY PURPOSE: BUILD A "SCHOOL IN THE CLOUD" PLATFORM | $384,000 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sapling Foundation has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Hornthal Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |
Birthright Israel North America Inc New York, NY | $2,756,137 | $5,688,766 |
Soros Economic Development Fund New York, NY | $190,503,205 | $61,273,314 |
Willem De Kooning Foundation New York, NY | $89,591,494 | $5,032,918 |
Stoneleigh Foundation Philadelphia, PA | $92,384,286 | $2,978,235 |
Planning And Art Resources For Communities Inc New York, NY | $52,479,102 | $4,125,701 |