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← SARAH RALSTON FOUNDATION

Form 990 for tax year 2025

Filed by SARAH RALSTON FOUNDATION.

Totals

Total revenue
$3,519,900
Total expenses
$2,821,298
Contributions and grants received
$98,476
Grants paid
$1,886,750
Program service revenue
$0
Investment income
$3,421,262
Other revenue
$162
Total assets, end of year
$63,479,319
Total liabilities, end of year
$599,152
Net assets or fund balances, end of year
$62,880,167
Program services expenses (Part IX)
$2,294,658
Management and general expenses
$519,268
Fundraising expenses
$7,372
Program service expenses (Part III)
$2,294,658

Program services were 81.3% 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

    $98,476

  • 3 · Investment income

    total $1,673,979 · related or exempt $1,673,979

  • 7a · Gross sales of assets other than inventory

    securities $34,840,344

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

    securities $33,093,061

  • 7c · Gain or loss

    securities $1,747,283

  • 7d · Net gain or loss

    total $1,747,283 · excluded $1,747,283

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $162 · related or exempt $162

  • 11e · Other revenue, total

    $162

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,886,750 · program services $1,886,750

  • 5 · Compensation of officers, directors and key employees

    total $229,854 · program services $172,391 · management and general $57,463

  • 7 · Other salaries and wages

    total $155,124 · program services $119,671 · management and general $30,627 · fundraising $4,826

  • 8 · Pension plan contributions

    total $12,062 · program services $8,825 · management and general $3,225 · fundraising $12

  • 9 · Other employee benefits

    total $10,483 · program services $7,354 · management and general $3,101 · fundraising $28

  • 10 · Payroll taxes

    total $25,736 · program services $19,829 · management and general $5,624 · fundraising $283

  • 11b · Fees: legal

    total $11,735 · management and general $11,735

  • 11c · Fees: accounting

    total $86,423 · program services $12,963 · management and general $73,460

  • 11f · Fees: investment management

    total $259,998 · management and general $259,998

  • 11g · Fees: other

    total $29,137 · management and general $29,137

  • 12 · Advertising and promotion

    total $16,852 · program services $13,223 · management and general $2,965 · fundraising $664

  • 13 · Office expenses

    total $8,226 · program services $5,999 · management and general $1,638 · fundraising $589

  • 14 · Information technology

    total $13,259 · program services $10,560 · management and general $2,559 · fundraising $140

  • 16 · Occupancy

    total $30,978 · program services $18,964 · management and general $11,528 · fundraising $486

  • 17 · Travel

    total $5,114 · program services $5,080 · fundraising $34

  • 19 · Conferences, conventions and meetings

    total $7,695 · program services $894 · management and general $6,801

  • 22 · Depreciation, depletion and amortization

    total $1,295 · management and general $1,295

  • 23 · Insurance

    total $16,424 · program services $9,181 · management and general $7,009 · fundraising $234

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $9,603 · management and general $9,603

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $3,981 · program services $2,974 · management and general $931 · fundraising $76

  • 24e · All other expenses

    total $569 · management and general $569

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $106,223 · end of year $201,291

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,222 · end of year $20,628

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

    $13,774

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

    $9,958

  • 10c · Land, buildings and equipment, net

    beginning of year $5,111 · end of year $3,816

  • 11 · Investments: publicly traded securities

    beginning of year $53,796,728 · end of year $55,747,617

  • 12 · Investments: other securities

    beginning of year $4,386,865 · end of year $5,378,732

  • 15 · Other assets

    beginning of year $2,018,838 · end of year $2,127,235

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,612 · end of year $39,329

  • 18 · Grants payable

    beginning of year $1,075,539 · end of year $495,000

  • 25 · Other liabilities

    beginning of year $88,434 · end of year $64,823

  • 27 · Net assets without donor restrictions

    beginning of year $55,186,383 · end of year $58,818,117

  • 28 · Net assets with donor restrictions

    beginning of year $3,901,019 · end of year $4,062,050

Mission and programs · 2025

Mission

THE SARAH RALSTON FOUNDATION SUPPORTS AND ENHANCES THE QUALITY OF LIFE OF VULNERABLE AND UNDERSERVED OLDER ADULTS RESIDING IN PHILADELPHIA COUNTY. CONTINUED ON SCHEDULE O.

Activities or mission (Part I)

THE SARAH RALSTON FOUNDATION SUPPORTS AND ENHANCES THE QUALITY OF LIFE OF VULNERABLE AND UNDERSERVED OLDER ADULTS RESIDING IN PHILADELPHIA.SIGNIFICANT ACTIVITIES INCLUDE:GENERAL OPERATING SUPPORT GRANTS INNOVATIVE PROJECT SUPPORT GRANTSCAPACITY BUILDING INITIATIVES

  • THE FOUNDATION RAN TWO GRANT CYCLES. THE FIRST CYCLE WAS AN OPERATING GRANT CYCLE - THE APPLICATION WAS DUE 4/1/2025, THE AWARDS WERE ANNOUNCED 5-2025, AND PAYMENTS MADE 6-2025. THE SECOND CYCLE WAS AN INNOVATIVE GRANT CYCLE - THE APPLICATION WAS DUE 9/1/2025, THE AWARDS WERE ANNOUNCED 11-2025, AND PAYMENTS WERE MADE 12-2025. SEVERAL OF THE INNOVATIVE GRANTS WERE MULTI-YEAR. THE OPERATING GRANTS WERE ONLY AWARDED FOR ONE YEAR.

    Expenses $2,294,658 · Grants $1,886,750

As filed on the 2025 return.

Listed in Part VII

  • Heather Finnegan

    EXECUTIVE DIRECTOR

    Total calculated
    $229,854
    From this org
    $212,670
    From related orgs
    $0
    Other
    $17,184
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,670
    Bonus
    $10,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,184
    Filer's total
    $229,854

  • Benjamin T Hoyle Mga

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jerry C Johnson MD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Larry Daniels MBA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Therese Devries Narzikul MBA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alexis Ahiagbe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randall J Braunfeld Ma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne E Callan MPH Cph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margie Dubrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • U Tara Hayden Mhsa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Nagel Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael J Wassil CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
HEATHER FINNEGAN, EXECUTIVE DIRECTOR, RECEIVED A NON-FIXED DISCRETIONARY BONUS OF $10,000.

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
2025
Filed
4 August 2026
IRS schema version
2025v4.2
Source object
202642169349300634

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

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