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Nonprofit · EIN 58-0827472

SAPELO FOUNDATION INC

Tax-exempt · SAVANNAH, GA 31401

Financials

$1.3M$2.2M2023$2.1M$2.7M2024
Revenue Expenses · by fiscal year end
Financials of SAPELO FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$2,134,968$2,713,169-$578,201$35,459,943$765,084$34,694,859
December 31, 2023990-PF$1,279,564$2,194,605-$915,041$35,121,938$380,608$34,741,330
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$813,135
Net gain from sales of assets
$1,321,833

Expenses

Grants and similar amounts paid
$1,806,000
Compensation of officers, directors and key employees
$145,000
Salaries, compensation and benefits (total)
$65,118
Disbursements for charitable purposes
$1,910,506
Excise tax on investment income
$24,111

Balance sheet and other

Total assets, start of year
$35,121,938
Total assets, end of year
$35,459,943
Total liabilities, end of year
$765,084
Net assets, end of year
$34,694,859
Fair market value of assets
$35,459,943
Qualifying distributions
$2,110,506
Net investment income
$2,132,081

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.

NameTitleHours / weekCompensationOther / benefits
JOSEPH THOMAS
100 BULL STREET STE 200, SAVANNAH, GA 31401
EXECUTIVE DIRECTOR40$145,000$47,025
ADMINISTRATION AND GRANTS MANAGER
100 BULL STREET STE 200, SAVANNAH, GA 31401
ADMINISTRATION AND G
Highest-paid employee
40$65,118$33,280
BETTIEANNE CHILDERS HART
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE1$0$0
IRENE REYNOLDS SCHIER
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE1$0$0
LAURA MOUNTCASTLE
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE, TREASURER1$0$0
MICHAEL GRANT
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE, SECRETARY1$0$0
MIDGE SWEET
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE1$0$0
NICOLE BAGLEY
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE, PRESIDENT1$0$0
PHILLIP N CAREY
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE, VICE PRESIDENT1$0$0
THE HONORABLE NAN GROGAN ORROCK
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE1$0$0
WILLIAM K BROKER
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE1$0$0
AVERY GALIETTE
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE1$0$0
HATTIE PORTIS-JONES
100 BULL STREET STE 200, SAVANNAH, GA 31401
TRUSTEE1$0$0
990-PF for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
JOSEPH THOMAS
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
EXECUTIVE DIRECTOR40$84,097$25,337
ADMINISTRATION AND GRANTS MANAGER
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
ADMINISTRATION AND G
Highest-paid employee
40$61,698$29,150
JUAN A FIGUEROA
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
EXECUTIVE DIRECTOR40$41,740$5,560
BETTIEANNE CHILDERS HART
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE1$0$0
IRENE REYNOLDS SCHIER
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE1$0$0
LAURA MOUNTCASTLE
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE, TREASURER1$0$0
MICHAEL GRANT
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE, SECRETARY1$0$0
MIDGE SWEET
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE1$0$0
NICOLE BAGLEY
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE, PRESIDENT1$0$0
PHILLIP N CAREY
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE, VICE PRESIDENT1$0$0
THE HONORABLE NAN GROGAN ORROCK
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE1$0$0
WILLIAM K BROKER
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE1$0$0
AVERY GALIETTE
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE1$0$0
HATTIE PORTIS-JONES
2 EAST BRYAN STREET STE 1150, SAVANNAH, GA 31401
TRUSTEE1$0$0

Address and contacts

Address (IRS master file)
119 MARTIN LUTHER KING JR BLVD, SAVANNAH, GA 31401-0000
Signed the 990-PF
JOSEPH THOMAS, EXECUTIVE DIRECTOR
Phone
(912) 298-0222
Return prepared by
MSTILLER LLC

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, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
58-0827472
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
1950
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$35,459,943
Income (IRS master file)
$2,150,703

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$2,134,968$2,713,169$35,459,943XML
990-PFDecember 2023$1,279,564$2,194,605$35,121,938XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 58-0827472).

Questions about SAPELO FOUNDATION INC

What is the EIN of SAPELO FOUNDATION INC?
The employer identification number (EIN) of SAPELO FOUNDATION INC is 58-0827472.
Is SAPELO FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1950.
Are donations to SAPELO FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does SAPELO FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of SAPELO 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 SAPELO FOUNDATION INC 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 SAPELO FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $145,000 (JOSEPH THOMAS, EXECUTIVE DIRECTOR).
How much revenue does SAPELO FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,134,968, expenses of $2,713,169 and total assets of $35,459,943 at year end.

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