Sasco Foundation Corporation

Memphis, TN
Tax-exempt since Feb. 2012
EIN: 45-2286657

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$79.1k (2024)

Expenses

$129k (2024)

Total Assets

$1.4M (2024)

Total Liabilities

$1.82k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$79,106

Expenses

$129,211

Net Income

-$50,105

Net Assets

$1,400,936

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	> 100%
Interest Revenue	$4,049	5.1%
Dividends	$6,031	7.6%
Sales of Assets	-$32,796
Other Income	$1,822	2.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$121,925	94.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,402,751
Total Liabilities	$1,815
Net Assets	$1,400,936

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0

990-PF

Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

-$926,422

Expenses

$40,483

Net Income

-$966,905

Net Assets

$1,503,892

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,494
Dividends	$3,236
Sales of Assets	-$933,524
Other Income	-$628

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,540	95.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,505,707
Total Liabilities	$1,815
Net Assets	$1,503,892

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0

990-PF

Filed on May 8, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2022

Revenue

$109,918

Expenses

$12,484

Net Income

$97,434

Net Assets

$2,351,007

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8	0.0%
Dividends	$7,090	6.5%
Sales of Assets	$101,106	92.0%
Other Income	$1,714	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000	8.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,352,822
Total Liabilities	$1,815
Net Assets	$2,351,007

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0

990-PF

Filed on May 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2021

Revenue

$209,957

Expenses

$90,113

Net Income

$119,844

Net Assets

$2,316,248

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,281	1.1%
Dividends	$6,550	3.1%
Sales of Assets	$200,856	95.7%
Other Income	$270	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$81,456	90.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,318,063
Total Liabilities	$1,815
Net Assets	$2,316,248

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0

990-PF

Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2020

Revenue

$182,707

Expenses

$6,400

Net Income

$176,307

Net Assets

$1,644,194

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$150	0.1%
Dividends	$17,332	9.5%
Sales of Assets	$163,297	89.4%
Other Income	$1,928	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$91	1.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,646,009
Total Liabilities	$1,815
Net Assets	$1,644,194

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0

990-PF

Filed on May 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending June
2019

Revenue

-$2,214,469

Expenses

$2,095,668

Net Income

-$4,310,137

Net Assets

$2,183,652

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17
Dividends	$71,840
Sales of Assets	-$2,289,556
Other Income	$3,230

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,029,638	96.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,185,467
Total Liabilities	$1,815
Net Assets	$2,183,652

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0

990-PF

Filed on Nov. 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending June
2018

Revenue

$1,889,479

Expenses

$20,709

Net Income

$1,868,770

Net Assets

$7,104,449

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$677	0.0%
Dividends	$22,102	1.2%
Sales of Assets	$1,862,743	98.6%
Other Income	$3,935	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,500	36.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,106,264
Total Liabilities	$1,815
Net Assets	$7,104,449

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0

990-PF

Filed on April 3, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2017

Revenue

-$149,726

Expenses

$176,566

Net Income

-$326,292

Net Assets

$4,886,841

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$80
Dividends	$7,679
Sales of Assets	-$157,485
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$121,730	68.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,888,656
Total Liabilities	$1,815
Net Assets	$4,886,841

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0
Andrew K Soffa (Director)	$0	$0

990-PF

Filed on May 16, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

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PDF XML

Fiscal Year Ending June
2016

Revenue

-$1,395,061

Expenses

$710,226

Net Income

-$2,105,287

Net Assets

$5,150,107

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$39
Dividends	$6,948
Sales of Assets	-$1,402,048
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$456,609	64.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,151,922
Total Liabilities	$1,815
Net Assets	$5,150,107

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0
Andrew K Soffa (Director)	$0	$0

990-PF

Filed on May 16, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2015

Revenue

$136,576

Expenses

$610,767

Net Income

-$474,191

Net Assets

$6,415,325

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9	0.0%
Dividends	$31,247	22.9%
Sales of Assets	$98,640	72.2%
Other Income	$6,680	4.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$449,328	73.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,417,140
Total Liabilities	$1,815
Net Assets	$6,415,325

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0
Andrew K Soffa (Director)	$0	$0
Preston Smead (Vice Chairman (Thru 2/24/16))	$0	$0

990-PF

Filed on May 14, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2014

Revenue

-$1,355,384

Expenses

$526,837

Net Income

-$1,882,221

Net Assets

$7,141,699

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$38
Dividends	$17,994
Sales of Assets	-$2,209,801
Other Income	$836,385

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$376,816	71.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,146,055
Total Liabilities	$4,356
Net Assets	$7,141,699

Compensation

Key Employees and Officers	Compensation	Other
Larry H Smead (Chairman)	$0	$0
Preston Smead (Vice Chairman)	$0	$0

990-PF

Filed on May 15, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2013

Revenue

-$5,040,567

Expenses

$565,666

Net Income

-$5,606,233

Net Assets

$9,023,920

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8
Dividends	$36,832
Sales of Assets	$0
Other Income	$245,914

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$436,880	77.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,028,681
Total Liabilities	$4,761
Net Assets	$9,023,920

990-PF

Filed on July 2, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2012

Revenue

$721,387

Expenses

$1,215,911

Net Income

-$494,524

Net Assets

$16,587,750

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9	0.0%
Dividends	$50,137	7.0%
Sales of Assets	$670,262	92.9%
Other Income	$979	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,132,516	93.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,639,818
Total Liabilities	$52,068
Net Assets	$16,587,750

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$194,468

Expenses

Net Income

$194,468

Net Assets

$17,549,541

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$194,468	100%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,549,541
Total Liabilities	$0
Net Assets	$17,549,541

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Sasco Foundation Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $79.1k (2024)

Expenses $129k (2024)

Total Assets $1.4M (2024)

Total Liabilities $1.82k (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$79.1k (2024)

Expenses

$129k (2024)

Total Assets

$1.4M (2024)

Total Liabilities

$1.82k (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011