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Sandler Foundation

Organization summary

Type of Nonprofit

Designated as a 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 / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Provided first-class or charter travel
Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Summary charts: organization finances over time

Revenue
$15.4M (2023)

Expenses
$70.7M (2023)

Total Assets
$612M (2023)

Total Liabilities
$5.1M (2023)

Source: Form 990 tax filings from 2011 to 2023

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
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,366,307
Expenses
$70,736,091
Net Income
-$55,369,784
Net Assets
$607,165,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
0.0%
Program Services $0
Investment Income $19,940,177
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$4,574,870
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $818,502
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $470,885
0.7%
Assets/Debt
Total Assets $612,261,888
Total Liabilities $5,096,203
Net Assets $607,165,685
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Steve Daetz (Director (From Dec 2022) President/Asst.Secreta) $564,106 $0 $91,595
Vivian Chang (Grants Director) $238,369 $0 $33,869
Sergio Knaebel (Vice President/Grants Director) $222,135 $0 $57,079
Jeannette Demesmin Rodrigues (Executive Assistant) $127,232 $0 $26,409
Susan Hyde (Executive Assistant) $125,311 $0 $22,044
James Sandler (Director/Board Chair And Vice President) $0 $0 $0
Susan Sandler (Director/Board Chair (To Dec 2022)) $0 $0 $0
Phyllis Cook (Director) $0 $66,000 $0
David Agger (Director) $0 $0 $0
David Folkman (Director) $0 $0 $0
Joy Sisisky (Treasurer/Secretary) $0 $520,000 $32,978

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,866,490
Expenses
$67,960,612
Net Income
-$27,094,122
Net Assets
$659,418,926
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,609,736
60.2%
Program Services $0
Investment Income $19,131,619
46.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,874,865
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $556,252
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $725,786
1.1%
Assets/Debt
Total Assets $672,162,748
Total Liabilities $12,743,822
Net Assets $659,418,926
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Steve Daetz (President/Asst. Secreta) $538,061 $0 $91,757
Vivian Chang (Grants Director) $228,625 $0 $54,273
Sergio Knaebel (Grants Director) $212,411 $0 $32,407
Jeannette Demesmin Rodrigues (Executive Assistant) $129,532 $0 $35,101
Susan Hyde (Executive Assistant) $127,122 $0 $23,371
James Sandler (Director/Vice President) $0 $0 $0
Susan Sandler (Director/Vice President) $0 $0 $0
Phyllis Cook (Director) $0 $66,000 $0
David Agger (Director) $0 $0 $0
David Folkman (Director) $0 $0 $0
Joy Sisisky (Treasurer/Secretary) $0 $318,111 $26,846

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,570,533
Expenses
$76,710,966
Net Income
-$64,140,433
Net Assets
$746,360,914
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $12,467,069
99.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $103,464
0.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $654,968
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $686,218
0.9%
Assets/Debt
Total Assets $750,976,876
Total Liabilities $4,615,962
Net Assets $746,360,914
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Steve Daetz (President/Asst. Secreta) $520,410 $0 $88,748
Vivian Chang (Grants Director) $217,835 $0 $53,099
Sergio Knaebel (Grants Director) $200,703 $0 $31,693
Jeannette Demesmin Rodrigues (Executive Assistant) $125,977 $0 $24,920
Susan Hyde (Executive Assistant) $123,618 $0 $23,262
James Sandler (Director/Vice President) $0 $0 $0
Susan Sandler (Director/Vice President) $0 $0 $0
Phyllis Cook (Director) $0 $66,000 $0
David Agger (Director) $0 $0 $0
David Folkman (Director) $0 $0 $0
Joy Sisisky (Treasurer/Secretary) $0 $298,861 $38,352

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$253,171,244
Expenses
$88,209,955
Net Income
$164,961,289
Net Assets
$826,751,634
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,923,407
0.8%
Program Services $0
Investment Income $21,708,137
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $229,539,700
90.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $622,904
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $755,857
0.9%
Assets/Debt
Total Assets $833,555,725
Total Liabilities $6,804,091
Net Assets $826,751,634
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Steve Daetz (President/Asst. Secreta) $520,344 $0 $88,217
Vivian Chang (Grants Director) $219,128 $0 $65,538
Sergio Knaebel (Grants Director) $200,960 $0 $31,049
Jeannette Demesmin Rodrigues (Executive Assistant) $138,818 $0 $24,826
Susan Hyde (Executive Assistant) $137,818 $0 $25,149
Phyllis Cook (Director) $0 $66,000 $0
James Sandler (Director/Vice President) $0 $0 $0
Susan Sandler (Director/Vice President) $0 $0 $0
David Agger (Director) $0 $0 $0
David Folkman (Director) $0 $0 $0
Joy Sisisky (Treasurer/Secretary) $0 $304,334 $27,218

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,043,836
Expenses
$65,914,094
Net Income
-$32,870,258
Net Assets
$946,521,985
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,005
0.3%
Program Services $0
Investment Income $33,505,039
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$561,208
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $585,351
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $679,260
1.0%
Assets/Debt
Total Assets $948,056,423
Total Liabilities $1,534,438
Net Assets $946,521,985
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Steve Daetz (President/Asst. Secreta) $481,220 $0 $82,102
Sergio Knaebel (Grants Director) $174,402 $0 $27,356
Vivian Chang (Grants Director) $127,026 $0 $46,462
Jeannette Demesmin Rodrigues (Executive Assistant) $114,709 $0 $23,221
Susan Hyde (Executive Assistant) $110,170 $0 $22,380
Herbert M Sandler (President/Director To June 5) $0 $0 $0
Susan Sandler (Director/Vice President) $0 $0 $0
Phyllis Cook (Director) $0 $67,500 $0
Robert Friend (Director) $0 $0 $0
David Folkman (Director) $0 $0 $0
James Sandler (Vice Pres/Director From From June 5) $0 $0 $0
Joy Sisisky (Treasurer/Secretary) $0 $286,892 $26,146

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,490,195
Expenses
$64,036,863
Net Income
-$40,546,668
Net Assets
$956,521,454
Notable Sources of Revenue Percent of Total Revenue
Contributions $463,000
2.0%
Program Services $0
Investment Income $25,955,024
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,927,829
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $560,276
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $480,568
0.8%
Assets/Debt
Total Assets $961,769,757
Total Liabilities $5,248,303
Net Assets $956,521,454
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Steve Daetz (Executive Vp/Asst. Secretary) $464,012 $0 $78,487
Sergio Knaebel (Grant Director) $166,233 $0 $26,323
Jeannette Demesmin Rodrigues (Executive Assistant) $109,090 $0 $20,980
Susan Hyde (Executive Assistant) $106,338 $0 $20,858
Herbert M Sandler (President/Director) $0 $0 $0
Susan Sandler (Director/Vice President) $0 $0 $0
Phyllis Cook (Director) $0 $73,500 $0
Robert Friend (Director) $0 $0 $0
David Folkman (Director) $0 $0 $0
James Sandler (Vice President) $0 $0 $0
Joy Sisisky (Treasurer/Secretary) $0 $279,981 $24,280

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$164,595,644
Expenses
$54,814,998
Net Income
$109,780,646
Net Assets
$945,230,523
Notable Sources of Revenue Percent of Total Revenue
Contributions $216,945
0.1%
Program Services $0
Investment Income $25,130,191
15.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $139,248,508
84.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $540,555
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $429,994
0.8%
Assets/Debt
Total Assets $952,650,170
Total Liabilities $7,419,647
Net Assets $945,230,523
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Steve Daetz (Executive Vp/Asst. Secretary) $446,402 $0 $76,883
Sergio Knaebel (Grant Director) $156,443 $0 $24,394
Jeannette Demesmin Rodrigues (Executive Assistant) $106,569 $0 $20,413
Susan Hyde (Executive Assistant) $101,248 $0 $20,331
Herbert M Sandler (President/Director) $0 $0 $0
Susan Sandler (Director/Vice President) $0 $0 $0
Phyllis Cook (Director) $0 $86,100 $0
Robert Friend (Director) $0 $0 $0
David Folkman (Director) $0 $0 $0
James Sandler (Vice President) $0 $0 $0
Mark Reisbaum (Treasurer/Secretary July Mar) $0 $219,360 $12,776
Joy Sisisky (Treasurer/Secretary Mar June) $0 $198,344 $16,489

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$60,540,274
Expenses
$58,785,799
Net Income
$1,754,475
Net Assets
$873,868,668
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,244,816
41.7%
Program Services $0
Investment Income $21,541,562
35.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,753,896
22.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $526,792
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $416,223
0.7%
Assets/Debt
Total Assets $882,751,652
Total Liabilities $8,882,984
Net Assets $873,868,668
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Steve Daetz (Executive Vp) $426,518 $0 $76,561
Sergio Knaebel (Grant Director) $155,543 $0 $24,323
Jeannette Demesmin Rodrigues (Executive Assistant) $102,743 $0 $19,996
Herbert M Sandler (President/Director) $0 $0 $0
Susan Sandler (Director) $0 $0 $0
Phyllis Cook (Director) $0 $108,575 $0
Robert Friend (Director) $0 $0 $0
David Folkman (Director) $0 $0 $0
Mark Reisbaum (Treasurer/Secretary) $0 $248,479 $22,897

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,842,696
Expenses
$48,857,947
Net Income
$13,984,749
Net Assets
$912,010,106
Notable Sources of Revenue Percent of Total Revenue
Contributions $38,632,886
61.5%
Program Services $0
Investment Income $24,837,427
39.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$627,617
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $494,167
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $428,335
0.9%
Assets/Debt
Total Assets $919,716,566
Total Liabilities $7,706,460
Net Assets $912,010,106
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Steve Daetz (Executive Vp) $409,015 $0 $76,255
Sergio Knaebel (Grant Director) $150,523 $0 $22,800
Herbert M Sandler (President/Director) $0 $0 $0
Susan Sandler (Director) $0 $0 $0
Phyllis Cook (Director) $0 $68,350 $0
Robert Friend (Director) $0 $0 $0
David Folkman (Director) $0 $0 $0
Mark Reisbaum (Treasurer/Secretary) $0 $240,800 $18,809

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,391,113
Expenses
$56,029,050
Net Income
$19,362,063
Net Assets
$874,965,243
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,146,994
36.0%
Program Services $0
Investment Income $16,003,232
21.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $32,240,887
42.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,119,852
2.0%
Assets/Debt
Total Assets $884,877,082
Total Liabilities $9,911,839
Net Assets $874,965,243
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Steve Daetz (Executive Vp) $386,460 $0 $73,672
Sergio Knaebel (Grant Director) $145,878 $0 $22,763
Herbert M Sandler (President/Director) $0 $0 $0
Susan Sandler (Director) $0 $0 $0
Phyllis Cook (Director) $0 $66,000 $0
Robert Friend (Director) $0 $0 $0
David Folkman (Director) $0 $0 $0
Mark Reisbaum (Treasurer/Secretary) $0 $223,327 $19,306

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,229,323
Expenses
$49,428,910
Net Income
-$31,199,587
Net Assets
$744,134,767
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,366,687
18.5%
Program Services $0
Investment Income $15,138,461
83.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$275,825
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,091,401
2.2%
Assets/Debt
Total Assets $747,494,350
Total Liabilities $3,359,583
Net Assets $744,134,767

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,415,765
Expenses
$52,421,873
Net Income
-$38,006,108
Net Assets
$680,196,132
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,048,633
35.0%
Program Services $0
Investment Income $11,317,853
78.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,950,721
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,009,488
1.9%
Assets/Debt
Total Assets $683,935,436
Total Liabilities $3,739,304
Net Assets $680,196,132

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,437,641
Expenses
$88,384,926
Net Income
-$77,947,285
Net Assets
$741,190,204
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $11,882,645
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,445,004
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $333,333
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $375,062
0.4%
Assets/Debt
Total Assets $746,899,972
Total Liabilities $5,709,768
Net Assets $741,190,204

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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