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Nonprofiteer
← SARAH RALSTON FOUNDATION

Form 990 for tax year 2023

Filed by SARAH RALSTON FOUNDATION.

Totals

Total revenue
$44,688,276
Total expenses
$2,837,506
Contributions and grants received
$137,279
Grants paid
$2,008,250
Program service revenue
$11,380
Investment income
$44,539,617
Other revenue
$0
Total assets, end of year
$58,124,198
Total liabilities, end of year
$136,601
Net assets or fund balances, end of year
$57,987,597
Program services expenses (Part IX)
$2,413,132
Management and general expenses
$416,214
Fundraising expenses
$8,160
Program service expenses (Part III)
$2,413,132

Program services were 85.0% 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

    $137,279

  • 2a · Program service revenue: RENTAL REVENUE

    total $11,380 · related or exempt $11,380

  • 3 · Investment income

    total $1,675,186 · excluded $1,675,186

  • 7a · Gross sales of assets other than inventory

    securities $87,639,753 · other assets $44,150,000

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

    securities $85,600,960 · other assets $3,324,362

  • 7c · Gain or loss

    securities $2,038,793 · other assets $40,825,638

  • 7d · Net gain or loss

    total $42,864,431 · excluded $42,864,431

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,008,250 · program services $2,008,250

  • 5 · Compensation of officers, directors and key employees

    total $234,458 · program services $175,843 · management and general $58,615

  • 7 · Other salaries and wages

    total $108,735 · program services $88,278 · management and general $16,841 · fundraising $3,616

  • 8 · Pension plan contributions

    total $2,543 · program services $1,686 · management and general $845 · fundraising $12

  • 9 · Other employee benefits

    total $10,086 · program services $7,299 · management and general $2,773 · fundraising $14

  • 10 · Payroll taxes

    total $24,014 · program services $18,502 · management and general $5,248 · fundraising $264

  • 11b · Fees: legal

    total $12,111 · management and general $12,111

  • 11c · Fees: accounting

    total $85,974 · program services $12,896 · management and general $73,078

  • 11f · Fees: investment management

    total $171,737 · management and general $171,737

  • 11g · Fees: other

    total $29,409 · program services $22,684 · management and general $6,144 · fundraising $581

  • 12 · Advertising and promotion

    total $27,498 · program services $22,665 · management and general $4,394 · fundraising $439

  • 13 · Office expenses

    total $16,140 · program services $12,508 · management and general $3,338 · fundraising $294

  • 14 · Information technology

    total $25,136 · program services $12,199 · management and general $12,788 · fundraising $149

  • 16 · Occupancy

    total $21,114 · program services $11,657 · management and general $7,593 · fundraising $1,864

  • 17 · Travel

    total $225 · program services $70 · management and general $155

  • 19 · Conferences, conventions and meetings

    total $1,789 · program services $503 · management and general $1,208 · fundraising $78

  • 22 · Depreciation, depletion and amortization

    total $2,890 · management and general $2,890

  • 23 · Insurance

    total $33,583 · program services $14,460 · management and general $18,329 · fundraising $794

  • 24a · Other expenses: OPERATING EXPENSES

    total $12,790 · management and general $12,790

  • 24b · Other expenses: RECRUITING

    total $5,263 · program services $1,359 · management and general $3,904

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $2,765 · program services $2,156 · management and general $554 · fundraising $55

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $487 · program services $117 · management and general $370

  • 24e · All other expenses

    total $509 · management and general $509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,366,596 · end of year $217,074

  • 4 · Accounts receivable

    beginning of year $25,590 · end of year $28,394

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,026 · end of year $14,126

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

    $13,774

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

    $6,614

  • 10c · Land, buildings and equipment, net

    beginning of year $33,271 · end of year $7,160

  • 11 · Investments: publicly traded securities

    beginning of year $10,954,991 · end of year $55,882,840

  • 15 · Other assets

    beginning of year $2,905,480 · end of year $1,974,604

  • 17 · Accounts payable and accrued expenses

    beginning of year $352,587 · end of year $26,787

  • 19 · Deferred revenue

    beginning of year $513,002 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $109,814

  • 27 · Net assets without donor restrictions

    beginning of year $10,342,797 · end of year $54,175,642

  • 28 · Net assets with donor restrictions

    beginning of year $4,117,568 · end of year $3,811,955

Mission and programs · 2023

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)

TO FUND ORGANIZATIONS THAT SERVE VULNERABLE AND UNDERSERVED PHILADELPHIA COUNTY OLDER ADULTS.

  • THE FOUNDATION RAN TWO GRANT CYCLES. THE FIRST CYCLE WAS AN OPERATING GRANT CYCLE - THE APPLICATION WAS DUE 4/1/2023, THE AWARDS WERE ANNOUNCED 5-2023, AND PAYMENTS MADE 6-2023. TO QUALIFY FOR THIS GRANT, THERE WAS A BUDGET CAP. THE SECOND CYCLE WAS AN INNOVATIVE GRANT CYCLE - THE APPLICATION WAS DUE 9/1/2023, THE AWARDS WERE ANNOUNCED 11-2023, AND PAYMENTS WERE MADE 12-2023. MANY OF THE INNOVATIVE GRANTS WERE MULTI-YEAR. THE OPERATING GRANTS WERE ONLY AWARDED FOR ONE YEAR.

    Expenses $2,413,132 · Grants $2,008,250 · Revenue $11,380

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lynette M Killen

    EXECUTIVE DIRECTOR

    Total calculated
    $234,457
    From this org
    $220,560
    From related orgs
    $0
    Other
    $13,897
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $210,560
    Bonus
    $10,000
    Other
    $0
    Deferred
    $9,494
    Nontaxable benefits
    $4,403
    Filer's total
    $234,457

  • Neville E Strumpf PhD Faan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • Benjamin T Hoyle Mga

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Therese Devries Narzikul MBA Msn

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Larry Daniels MBA

    TREASURER

    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

  • U Tara Hayden Mhsa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry C Johnson MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Nagel Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elise Robinson Pizzi Msn Crnp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael J Wassil CPA

    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 · 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 3
THE EXECUTIVE COMMITTEE REVIEWS AVAILABLE SURVEYS AND ALSO CONFERS WITH PAYCHEX, THE HR CONSULTANT FOR THE FOUNDATION.

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
12 September 2024
IRS schema version
2023v5.1
Source object
202442579349301479

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

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