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Nonprofit · EIN 30-0674167

SAPPHIRE FOUNDATION INC

Tax-exempt · DALLAS, TX 75231

Financials

$2.3M$1.9M2022$1.7M$1.9M2023
Revenue Expenses · by fiscal year end
Financials of SAPPHIRE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-PF$1,670,052$1,894,422-$224,370$29,413,297$0$29,413,297
December 31, 2022990-PF$2,279,345$1,884,774$394,571$29,637,667$0$29,637,667
Financial details: 990-PF for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Dividends
$366,091
Interest
$19,449
Net gain from sales of assets
$530,623
Other income
$753,889

Expenses

Grants and similar amounts paid
$963,500
Compensation of officers, directors and key employees
$120,000
Salaries, compensation and benefits (total)
$98,769
Disbursements for charitable purposes
$1,359,157
Excise tax on investment income
$14,802

Balance sheet and other

Total assets, start of year
$29,637,667
Total assets, end of year
$29,413,297
Total liabilities, end of year
$0
Net assets, end of year
$29,413,297
Fair market value of assets
$32,186,925
Qualifying distributions
$1,833,209
Net investment income
$1,286,887

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Ben Crosland
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec, exec dir40$120,000$35,337
Salah-Eddine Boukadoum
7557 RAMBLER RD, DALLAS, TX 75231
CHIEF IMPACT OFFICER
Highest-paid employee
40$80,000$14,742
Adriane Crosland
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0$0
Andy Crosland
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0$0
Sandy Crosland
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0$0
Kate Juett
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Chairman of the Board, Dir1$0$0
Ali Treaster
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0$0
Justin Treaster
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0$0
990-PF for the year ended December 31, 2022: 7 people
NameTitleHours / weekCompensationOther / benefits
Ben Crosland
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec, Exec Dir40$120,000$3,467
Adriane Crosland
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0$0
Andy Crosland
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0$0
Sandy Crosland
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0$0
Kate Juett
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Chairman of the Board, Dir1$0$0
Ali Treaster
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0$0
Justin Treaster
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0$0

Address and contacts

Address (IRS master file)
7557 RAMBLER RD STE 440, DALLAS, TX 75231-2303
In care of
% FOUNDATION SOURCE
Signed the 990-PF
benjamin crosland, president
Phone
(800) 839-1754
Return prepared by
Foundation Source

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
30-0674167
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2011
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$29,413,297
Income (IRS master file)
$7,418,463

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2023$1,670,052$1,894,422$29,413,297XML
990-TDecember 2023–––IRS
990-PFDecember 2022$2,279,345$1,884,774$29,637,667XML
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0674167).

Questions about SAPPHIRE FOUNDATION INC

What is the EIN of SAPPHIRE FOUNDATION INC?
The employer identification number (EIN) of SAPPHIRE FOUNDATION INC is 30-0674167.
Is SAPPHIRE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to SAPPHIRE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does SAPPHIRE FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of SAPPHIRE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SAPPHIRE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2023.
Who are the officers and directors of SAPPHIRE FOUNDATION INC?
The 990-PF for the year ended December 31, 2023 lists 8 people; 2 received compensation from the organization, the highest $120,000 (Ben Crosland, Dir, Sec, exec dir).
How much revenue does SAPPHIRE FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2023 it reported revenue of $1,670,052, expenses of $1,894,422 and total assets of $29,413,297 at year end.

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