The Saic Charitable Foundation FY2024 filing

Andover, MA · Public charity (501(c)(3)) · Since 2020 · Human Services

✓ Tax-deductible Latest data FY2024
Revenue
$29K
▲ +18% vs prior year
Spent
$292K
To programs
86%
Net assets
$287K
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
Not on file
Spent on programs?
86% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +18% vs prior year
Legal name (IRS)Hdr · item CThe Saic Charitable Foundation
EINHdr · item D85-1763905
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2020
Year of formationHdr · item L2020
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CAndover, MA
NTEE classificationIRS BMFHuman Services (P60)
WebsiteHdr · item Jwww.saic.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14 Fundraising $0.00
Program services86%$251K
Management & general14%$40K
Fundraising$1K
Total functional expensesLn 25$292K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$29K
FY2024▲ +18%
Expenses
$292K
FY2024▲ +237%
Program efficiency
86%
of spending reaches programs
Operating runway
12.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-895%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$296K
FY2024▼ -46%
Total liabilities
$8K
FY2024▲ +492%
Revenue less expensesPt I · Ln 19−$262K
Total assetsPt X · Ln 16$296K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$296K
Total assetsLn 16$296K
Total liabilitiesLn 26$8K
Total net assetsLn 32$287K
Months of cash on handcomputed12.2

Statement of Revenue

Part VIII
Contributions & grants100%$29K
Total revenueLn 12$29K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $296K · Operating expenses/yr $292K
12.2 months
Where the money goes
Program services
Program services $251K · Total expenses $292K
86%
Management & General
Management & general $40K · Total expenses $292K
14%
Fundraising
Fundraising $1K · Total expenses $292K
0.4%
Cost to raise $1
Fundraising expense (3-yr avg) $446 · Solicited contributions (3-yr avg) $59K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $29K · Total revenue $29K
100%
Government reliance
Government grants — · Total revenue $29K
—
Earned-income share
Program service revenue $0 · Total revenue $29K
0%
Investment reliance
Investment income $0 · Total revenue $29K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $292K
0%
Growth & trend
Revenue growth (YoY)
This year $29K · Prior year $25K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $381K · FY2024 $29K
-47%
Net-asset trend (YoY)
End of year $287K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $29K · Expenses $292K
-895%
Liabilities-to-Assets
Total liabilities — · Total assets $296K
—
Net-asset ratio
Net assets $287K · Total assets $296K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $296K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Toni Townes-Whitley · Reported title CHAIR (AS OF 1/23/24) · Highest reported compensation $0 · Total expenses $292K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $292K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 14%——
Fundraising cost ratio 4%——
Revenue growth 18%——
Legal fee ratio 2%——
Accounting fee ratio 10%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chair (as of 1/23/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See The Saic Charitable Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Provides emergency funds to SAIC employees facing hardship.

Provided by the organization

This section is blank until The Saic Charitable Foundation claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $251K of program spending, described in the organization's own filed words · FY2024.
01

Through science applications international corporation (saic) contributions, saic employee donations, and the generosity of saic board members, retirees, and other stakeholders, the saic charitable foundation serves to provide emergency relief funds to employees when they need it most.

$251Kprogram expense

Run this program? Claim this org to tell your story

Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $609K · 2021–2025
Unitemized GrantFY2025$133,359
Unitemized GrantFY2024$250,912
Unitemized GrantFY2023$58,642
Unitemized GrantFY2022$71,337
Unitemized GrantFY2021$94,657

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $138K$165K+370% 990 PDF
FY2024 Viewing $29K$292K+18% 990 PDF
FY2023 $25K$87K-80% 990 PDF
FY2022 $124K$116K-68% 990 PDF
FY2021 $394K$136K+4% 990 PDF
FY2020 $381K$36K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like The Saic Charitable Foundation →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.