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Nonprofiteer
← SANDLER FOUNDATION

Form 990 for tax year 2023

Filed by SANDLER FOUNDATION.

Totals

Total revenue
$16,621,643
Total expenses
$65,066,512
Contributions and grants received
$125,914
Grants paid
$62,496,000
Program service revenue
$0
Investment income
$16,495,729
Other revenue
$0
Total assets, end of year
$572,968,821
Total liabilities, end of year
$699,697
Net assets or fund balances, end of year
$572,269,124
Program services expenses (Part IX)
$63,571,778
Management and general expenses
$1,494,734
Fundraising expenses
$0
Program service expenses (Part III)
$63,571,778

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $125,914

  • 3 · Investment income

    total $20,266,606 · excluded $20,266,606

  • 7a · Gross sales of assets other than inventory

    securities $272,240,226

  • 7b · Less cost or other basis and sales expenses

    securities $276,011,103

  • 7c · Gain or loss

    securities -$3,770,877

  • 7d · Net gain or loss

    total -$3,770,877 · excluded -$3,770,877

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $62,496,000 · program services $62,496,000

  • 5 · Compensation of officers, directors and key employees

    total $542,188 · program services $542,188

  • 7 · Other salaries and wages

    total $751,129 · program services $406,163 · management and general $344,966

  • 8 · Pension plan contributions

    total $103,030 · program services $60,834 · management and general $42,196

  • 9 · Other employee benefits

    total $53,934 · program services $32,364 · management and general $21,570

  • 10 · Payroll taxes

    total $57,291 · program services $34,229 · management and general $23,062

  • 11f · Fees: investment management

    total $434,025 · management and general $434,025

  • 11g · Fees: other

    total $141,806 · management and general $141,806

  • 13 · Office expenses

    total $18,287 · management and general $18,287

  • 14 · Information technology

    total $35,906 · management and general $35,906

  • 16 · Occupancy

    total $148,106 · management and general $148,106

  • 17 · Travel

    total $30,272 · management and general $30,272

  • 23 · Insurance

    total $4,538 · management and general $4,538

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $200,000 · management and general $200,000

  • 24b · Other expenses: MEMBERSHIP DUES (2 YEAR

    total $50,000 · management and general $50,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,638,825 · end of year $500

  • 2 · Savings and temporary cash investments

    beginning of year $14,033,575 · end of year $13,986,796

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,347 · end of year $24,347

  • 10a · Land, buildings and equipment: cost or other basis

    $57,413

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,813

  • 10c · Land, buildings and equipment, net

    beginning of year $45,600 · end of year $45,600

  • 11 · Investments: publicly traded securities

    beginning of year $594,606,017 · end of year $558,096,452

  • 12 · Investments: other securities

    beginning of year $335,575 · end of year $252,684

  • 15 · Other assets

    beginning of year $577,949 · end of year $562,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,510 · end of year $99,697

  • 18 · Grants payable

    beginning of year $4,981,693 · end of year $600,000

  • 27 · Net assets without donor restrictions

    beginning of year $607,165,685 · end of year $572,269,124

Mission and programs · 2023

Mission

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.

Activities or mission (Part I)

SUPPORTS CHARITABLE, EDUCATIONAL, & RELIGIOUS PURPOSES OF JEWISH COMM FEDERATION OF SF.

  • 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.

    Expenses $63,571,778 · Grants $62,496,000

As filed on the 2023 return.

Listed in Part VII

  • JAMES SANDLER

    DIRECTOR/BOARD CHAIR AND V

    Total calculated
    $0
    Hours/week
    1

  • PHYLLIS COOK

    DIRECTOR

    Total calculated
    $71,971
    From this org
    $0
    From related orgs
    $71,971
    Other
    $0
    Hours/week
    1 + 10 related

  • DAVID AGGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID FOLKMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE DAETZ

    DIRECTOR,PRESIDENT, ASSISTANT SECRETARY

    Total calculated
    $673,081
    From this org
    $578,304
    From related orgs
    $0
    Other
    $94,777
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $577,704
    Bonus
    $0
    Other
    $600
    Deferred
    $66,000
    Nontaxable benefits
    $28,777
    Filer's total
    $673,081

  • JOY SISISKY

    TREASURER/SECRETARY

    Total calculated
    $707,850
    From this org
    $0
    From related orgs
    $657,114
    Other
    $50,736
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $545,944 related
    Bonus
    $0 + $110,000 related
    Other
    $0 + $1,170 related
    Deferred
    $0 + $20,900 related
    Nontaxable benefits
    $0 + $29,836 related
    Filer's total
    $0 + $707,850 related

  • VIVIAN CHANG

    GRANTS DIRECTOR

    Total calculated
    $325,077
    From this org
    $268,581
    From related orgs
    $0
    Other
    $56,496
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,761
    Bonus
    $0
    Other
    $1,820
    Deferred
    $40,145
    Nontaxable benefits
    $16,351
    Filer's total
    $325,077

  • SERGIO KNAEBEL

    VICE PRESIDENT/GRANTS DIRE

    Total calculated
    $319,957
    From this org
    $255,957
    From related orgs
    $0
    Other
    $64,000
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $255,381
    Bonus
    $0
    Other
    $576
    Deferred
    $38,717
    Nontaxable benefits
    $25,283
    Filer's total
    $319,957

  • JEANNETTE DEMESMIN-RODRIGUES

    EXECUTIVE ASSISTANT

    Total calculated
    $140,572
    From this org
    $112,453
    From related orgs
    $0
    Other
    $28,119
    Hours/week
    32

  • SUSAN HYDE

    EXECUTIVE ASSISTANT

    Total calculated
    $134,472
    From this org
    $112,942
    From related orgs
    $0
    Other
    $21,530
    Hours/week
    32

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION HAS A WRITTEN EXPENSE REIMBURSEMENT POLICY THAT PERMITS REIMBURSEMENT OF AIR TRAVEL FOR FLIGHTS EXCEEDING A CERTAIN DURATION AT A CLASS OF SERVICE HIGHER THAN COACH CLASS TICKETS, SUBJECT TO AUTHORIZATION AND APPROVAL BY THE INDIVIDUAL'S MANAGER, TOGETHER WITH APPROPRIATE DOCUMENTATION
PART I, LINE 3
SEE COMPENSATION POLICY DISCLOSURE ON SCHEDULE O

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349309036

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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