EIN 84-0500835

Sachs Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1932
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Sachs Foundation primarily funds an educational college prep academy and provides community assistance. Its purpose is to grant educational opportunities for members of the black/african American race and residents of colorado. Last year, it made three grants. It is a private foundation nonprofit located in Colorado Springs, CO.
Total revenues
$3,336,788
2023
Total expenses
$2,921,492
2023
Total assets
$55,837,881
2023
Num. employees
0
2023

Program areas at Sachs Foundation

Educational grants for members of the black/african american race and residents of Colorado.
The elevated program seeks to empower black youth and their families by providing mentorship, equitable opportunities and collegiate access to succeed in higher education.
The Sachs teacher development program looks to increase the number of african-american teachers serving in Colorado, specifically in schools with large black student populations
The Sachs Foundation received miscellaneous income related to the organization's purpose/function which constitutes the basis for the organization's exemption in the amount of $5,819.

Who funds Sachs Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Prosperity Denver FundTo Reimburse for Scholarships$243,849
Pikes Peak Community Foundation (PPCF)Ed: Education$6,649

Personnel at Sachs Foundation

NameTitleCompensation
Ben RalstonPresident$207,000

Financials for Sachs Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,177,687
Investment income and dividends$548,961
Net rental income$0
Net gain from sale of non-inventory assets$604,321
Gross sales of inventory$0
Miscellaneous revenues$5,819
Total revenues$3,336,788

Form 990s for Sachs Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-18990PFView PDF
2022-122023-06-26990PFView PDF
2021-122022-07-18990PFView PDF
2020-122021-08-20990PFView PDF
2019-122021-06-09990PFView PDF
...and 8 more Form 990s
Data update history
April 2, 2024
Updated personnel
Identified 1 new personnel
November 26, 2023
Received grants
Identified 1 new grant, including a grant for $6,649 from Pikes Peak Community Foundation (PPCF)
August 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
August 23, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 12, 2023
Received grants
Identified 1 new grant, including a grant for $154,500 from Prosperity Denver Fund
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 1452
Colorado Springs, CO 80901
Metro area
Colorado Springs, CO
County
El Paso County, CO
Website URL
sachsfoundation.org/ 
Phone
(719) 633-2353
IRS details
EIN
84-0500835
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1932
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
Free account sign-up

Want updates when Sachs Foundation has new information, or want to find more organizations like Sachs Foundation?

Create free Cause IQ account