Nonprofit · EIN 46-2648455
SACHS FAMILY FOUNDATION
Tax-exempt (reinstated) · LAKE FOREST, IL 60045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $677,565 | $928,166 | -$250,601 | $8,926,631 | $0 | $8,926,631 |
| December 31, 2023 | 990-PF | $165,609 | $875,999 | -$710,390 | $9,929,779 | $0 | $9,929,779 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $207,431
- Interest
- $41,687
- Net gain from sales of assets
- $428,447
Expenses
- Grants and similar amounts paid
- $824,239
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $834,039
- Excise tax on investment income
- $8,114
Balance sheet and other
- Total assets, start of year
- $9,929,779
- Total assets, end of year
- $8,926,631
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,926,631
- Fair market value of assets
- $9,776,136
- Qualifying distributions
- $834,039
- Net investment income
- $677,565
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA SACHS PO Box 152, Lake Forest, IL 60045 | PRESIDENT/DIRECTOR | 1 | $0 |
| DAVID SACHS PO Box 152, Lake Forest, IL 60045 | SECRETARY/DIRECTOR | 1 | $0 |
| MICHAEL BURKE PO Box 152, Lake Forest, IL 60045 | TREASURER/DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA SACHS PO Box 152, Lake Forest, IL 60045 | PRESIDENT/DIRECTOR | 1 | $0 |
| DAVID SACHS PO Box 152, Lake Forest, IL 60045 | SECRETARY/DIRECTOR | 1 | $0 |
| MICHAEL BURKE PO Box 152, Lake Forest, IL 60045 | TREASURER/DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 152, LAKE FOREST, IL 60045-0152
- In care of
- % MICHAEL BURKE
- Signed the 990-PF
- MICHAEL BURKE, DIRECTOR/SECRETARY
- Phone
- (847) 715-2450
- Return prepared by
- BDO USA
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 46-2648455
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $8,926,631
- Income (IRS master file)
- $4,721,651
Revocation and reinstatement
- Exemption revoked
- May 15, 2016
- Posted by the IRS
- August 8, 2016
- Reinstated
- Effective December 15, 2019
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $677,565 | $928,166 | $8,926,631 | IRS |
| 990-PF | December 2023 | $165,609 | $875,999 | $9,929,779 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 46-2648455).
Questions about SACHS FAMILY FOUNDATION
- What is the EIN of SACHS FAMILY FOUNDATION?
- The employer identification number (EIN) of SACHS FAMILY FOUNDATION is 46-2648455.
- Is SACHS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective December 15, 2019.
- Are donations to SACHS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SACHS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SACHS FAMILY FOUNDATION 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 SACHS FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of SACHS FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does SACHS FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $677,565, expenses of $928,166 and total assets of $8,926,631 at year end.
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