Sandler Foundation FY2023 filing

Tax-deductible

San Francisco, CA501(c)(3)Since 1992Foundations & GrantmakersEIN 94-3147856Revenue $15.4M in FY2023

On file with the IRS1 Steuart Street, 94105-0000 · San Francisco, CATax-exempt since Dec 1991Supporting organization — 509(a)(3)

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The Foundation operates exclusively for charitable, educational or religious purposes by conducting or supporting activities for the benefit of, or to carry out the purposes of the jewish community federation of san francisco, the peninsula, marin and sonoma counties.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $64.7M a year · 115% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.1M
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.4M
-62% vs prior year
Spent
$70.7M
To programs
98%
Net assets
$607.2M
By yearFY2020–FY2025
Revenue
$15.4M
FY2023▼ -62%
Tap a bar for its year
Revenue by fiscal year
FY2020$253.2M
FY2021$12.6M
FY2022$40.9M
FY2023$15.4M
FY2024$16.6M
FY2025−$2.2M
Expenses
$70.7M
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$88.2M
FY2021$76.7M
FY2022$68.0M
FY2023$70.7M
FY2024$65.1M
FY2025$356.2M
Net assets
$607.2M
FY2023▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$826.8M
FY2021$746.4M
FY2022$659.4M
FY2023$607.2M
FY2024$572.3M
FY2025$251.5M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $69.4M Management & general 2% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director (from Dec 2022) President/Asst.secreta
$564,106Pt VII · Sec A
Grants Director
$238,369Pt VII · Sec A
Vice President/Grants Director
$222,135Pt VII · Sec A
Executive Assistant
$127,232Pt VII · Sec A
Executive Assistant
$125,311Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Steve Daetz$602,182$578,304$564,106$538,061$520,410$520,344
Vivian Chang—$268,581$238,369$228,625$217,835$219,128
Sergio Knaebel$263,327$255,957$222,135$212,411$200,703$200,960
Jeannette Demesmin-Rodrigues$115,903$112,453$127,232$129,532$125,977$138,818
Susan Hyde$115,890$112,942$125,311$127,122$123,618$137,818

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds Jewish community federation's charitable, educational, and religious initiatives.

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Provided by the organization

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1 program · $69.4M · in their own filed words · FY2022
01

The foundation made grants in support of the charitable, educational, scientific or religious purposes of the jewish community federation of san francisco, the peninsula, marin and sonoma counties.

$69.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 380 grants · $420.3M · 2019–2024
Reset TechDC · FY2024$7,000,000
PropublicaNY · FY2024$6,000,000
Center for American ProgressDC · FY2024$4,000,000
Democracy Forward FoundationDC · FY2024$3,000,000
All Voting Is LocalDC · FY2024$3,000,000
Global ImpactDC · FY2024$2,500,000
Oceana INCDC · FY2024$2,000,000
Center for Responsible LendingNC · FY2024$2,000,000
Shared Ascent FundCA · FY2024$1,500,000
Fund for a Better Future INCCA · FY2024$1,500,000
Campaign Legal Center INCDC · FY2024$1,500,000
Learning Policy InstituteCA · FY2024$1,000,000
See all 380 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$15.4M
Ln 12
Investment incomeLn 3$15.4M
Gifts and grantsLn 1h$1K
Money outPt IX
$70.7M
Ln 25
Programscol B$69.4M
Managementcol C$1.4M
Owns and owesPt X
$607.2M
net assets · Ln 32
Cash and savingsLn 1–2$16.7M
Total assetsLn 16$612.3M
LiabilitiesLn 26$5.1M
PeoplePt VI, VII
11
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Investment incomeLn 3$15.4M
Gains on assetsLn 7−$4.6M
Total revenueLn 12$15.4M
Assets in detailPt X, end of year
CashLn 1$2.6M
SavingsLn 2$14.0M
Cash and savings togetherLn 1–2$16.7M
InvestmentsLn 11–13$594.9M
Land, buildings, equipmentLn 10c$46K
Other assetsLn 15$578K
Total assetsLn 16$612.3M
LiabilitiesLn 26$5.1M
Net assetsLn 32$607.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$14.3M$16.7M
InvestmentsLn 11–13$657.0M$594.9M
Land, buildings, equipmentLn 10c$46K$46K
Total assetsLn 16$672.2M$612.3M
LiabilitiesLn 26$12.7M$5.1M
Net assetsLn 32$659.4M$607.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$68.2M$68.2M
Pay of current officers, directors and key staffLn 5$819K$703K$116K
Other salaries and wagesLn 7$471K$249K$222K
Pension plan contributionsLn 8$165K$125K$40K
Other employee benefitsLn 9$83K$55K$28K
Payroll taxesLn 10$65K$43K$22K
Investment management feesLn 11f$448K$448K
Other fees for servicesLn 11g$45K$45K
Office expensesLn 13$20K$20K
Information technologyLn 14$40K$40K
OccupancyLn 16$148K$148K
TravelLn 17$53K$53K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$200K$200K
Total functional expensesLn 25$70.7M$69.4M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest −$2.2M$356.2M−$358.4M$251.5M 990 PDF
FY2024 $16.6M$65.1M−$48.4M$572.3M 990 PDF
FY2023 Viewing $15.4M$70.7M−$55.4M$607.2M 990 PDF
FY2022 $40.9M$68.0M−$27.1M$659.4M 990 PDF
FY2021 $12.6M$76.7M−$64.1M$746.4M 990 PDF
FY2020 $253.2M$88.2M$165.0M$826.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $15,366,307 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,609,736$1,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $16,256,754$15,365,307
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $40,866,490$15,366,307
I-13 Grants and similar amounts paidPrior year $65,137,473$68,176,530
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,589,702$1,602,235
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,233,437$957,326
I-18 Total expensesPrior year $67,960,612$70,736,091
I-19 Revenue less expensesPrior year −$27,094,122−$55,369,784
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,366,307 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,000
VIII-1h Total contributions, gifts and grants$1,000
VIII-3 Investment incomeExcluded from tax $19,940,177$19,940,177
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,574,870−$4,574,870
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $15,365,307$15,366,307
Part IX · Statement of functional expenses $70,736,091 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $68,176,530$68,176,530
IX-5 Pay of current officers, directors and key staffPrograms $702,836 · Management $115,666$818,502
IX-7 Other salaries and wagesPrograms $249,150 · Management $221,735$470,885
IX-8 Pension plan contributionsPrograms $124,751 · Management $40,230$164,981
IX-9 Other employee benefitsPrograms $54,923 · Management $27,858$82,781
IX-10 Payroll taxesPrograms $42,967 · Management $22,119$65,086
IX-11f Investment management feesManagement $447,607$447,607
IX-11g Other fees for servicesManagement $44,926$44,926
IX-13 Office expensesManagement $20,059$20,059
IX-14 Information technologyManagement $39,786$39,786
IX-16 OccupancyManagement $147,692$147,692
IX-17 TravelManagement $52,721$52,721
IX-23 InsuranceManagement $4,535$4,535
IX-24 Other expenses (24a–d)Management $200,000$200,000
IX-25 Total functional expensesPrograms $69,351,157 · Management $1,384,934 · Fundraising $0$70,736,091
Part X · Balance sheet $612,261,888 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $4,277,998$2,638,825
X-2 Savings and temporary cash investmentsStart of year $10,023,742$14,033,575
X-9 Prepaid expenses and deferred chargesStart of year $30,682$24,347
X-10c Land, buildings and equipment, netStart of year $45,600$45,600
X-11 Publicly traded securitiesStart of year $656,414,379$594,606,017
X-12 Other securitiesStart of year $579,588$335,575
X-15 Other assetsStart of year $790,759$577,949
X-16 Total assetsStart of year $672,162,748$612,261,888
X-17 Accounts payable and accrued expensesStart of year $162,129$114,510
X-18 Grants payableStart of year $12,581,693$4,981,693
X-26 Total liabilitiesStart of year $12,743,822$5,096,203
X-27 Net assets without donor restrictionsStart of year $659,418,926$607,165,685
X-32 Total net assets or fund balancesStart of year $659,418,926$607,165,685
X-33 Total liabilities and net assetsStart of year $672,162,748$612,261,888
Part XI · Reconciliation of net assets $607,165,685 net assets at year end
XI-1 Total revenue$15,366,307
XI-2 Total expenses$70,736,091
XI-3 Revenue less expenses−$55,369,784
XI-4 Net assets at start of year$659,418,926
XI-5 Net unrealized gains (losses) on investments$3,116,543
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$607,165,685

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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