FOUNDATION SOURCE: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FOUNDATION SOURCE (EIN 92-0307266)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-06
IRS object ID
202431279349100408
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-06T08:38:36-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN621110839PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ATA PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11720 HIGDON FERRY RD STE 101AddressLine1Txt
CityHOT SPRINGSCityNm
State AbbreviationARStateAbbreviationCd
ZIP71913ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN920307266EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SANDERS CHARITABLE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSANDBusinessNameControlTxt
Phone5013219995PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1545AddressLine1Txt
CityHOT SPRINGSCityNm
State AbbreviationARStateAbbreviationCd
ZIP71902ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEDWARD SANDERSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5013219995PhoneNum
Signature2024-05-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstEDWARDPersonFirstNm
Person LastSANDERSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTINA B ELLISPreparerPersonNm
PTINP01269959PTIN
Phone5016245788PhoneNum
Preparation2024-05-02PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$51,074FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2,153InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,153InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2,153InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$2,153TotalRevAndExpnssAmt
Total Net Invst Incm$2,153TotalNetInvstIncmAmt
Total Adj Net Incm$2,153TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$700AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$700AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$228TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$228TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$150OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$150OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$150OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$1,078TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$150TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$150TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$928TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,078TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$150TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$150TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$928TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,075ExcessRevenueOverExpensesAmt
Net Investment Income$2,003NetInvestmentIncomeAmt
Adjusted Net Income$2,003AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$1CashEOYAmt
Sav And Temp Cash Invst BOY$40,000SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$51,074SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$51,074SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$40,000TotalAssetsBOYAmt
Total Assets EOY$51,075TotalAssetsEOYAmt
Total Assets EOYFMV$51,074TotalAssetsEOYFMVAmt
Other Liabilities EOY$10,000OtherLiabilitiesEOYAmt
Total Liabilities EOY$10,000TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$40,000NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$41,075NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$40,000TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$41,075TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$40,000TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$51,075TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$40,000TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,075ExcessRevenueOverExpensesAmt
Subtotal$41,075SubtotalAmt
Tot Net Ast Or Fund Balances EOY$41,075TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$28InvestmentIncomeExciseTaxAmt
Subtotal$28SubtotalAmt
Tax Based On Investment Income$28TaxBasedOnInvestmentIncomeAmt
Tax Due$28TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksEDWARD SANDERSIndividualWithBooksNm
Phone5013219995PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1545AddressLine1Txt
CityHOT SPRINGSCityNm
State AbbreviationARStateAbbreviationCd
ZIP71902ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
EDWARD SANDERS
PO BOX 1545HOT SPRINGSAR71902PRESIDENT000.00$0$0$0
DONNA SANDERS
PO BOX 1545HOT SPRINGSAR71902DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$39,536AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$39,536TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$39,536AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$593CashDeemedCharitableAmt
Net Vl Noncharitable Assets$38,943NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,947MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,947MinimumInvestmentReturnAmt
Tax Based On Investment Income$28TaxBasedOnInvestmentIncomeAmt
Total Tax$28TotalTaxAmt
Distributable Before Adj$1,919DistributableBeforeAdjAmt
Distributable Before Ded$1,919DistributableBeforeDedAmt
Distributable As Adjusted$1,919DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$928ExpensesAndContributionsAmt
Qualifying Distributions$928QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,919DistributableAsAdjustedAmt
Undistributed Income PY$7UndistributedIncomePYAmt
Excess Distribution Cyov Yr1$9,993ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$9,993TotalExcessDistributionCyovAmt
Qualifying Distributions$928QualifyingDistributionsAmt
Applied To Year1$7AppliedToYear1Amt
Applied To Current Year$921AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$998ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$998ExcessDistributionCyovAppCYAmt
Total Corpus$8,995TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$8,995ExcessDistriCyovToNextYrAmt
Excess From Year1$8,995ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerEDWARD SANDERSContributingManagerNm
Contributing ManagerDONNA SANDERSContributingManagerNm
Contributing ManagerBLAKE SANDERSContributingManagerNm
Contributing ManagerKARINA SANDERSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,153ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2,153ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,153TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$700Amt
Disbursements Charitable Prps$700DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
EXPENSES
BANK CHARGES$150$150$150

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescDONOR PAID EXPENSESDesc
EOY Book Value$10,000EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFRANCHISE TAXCategoryTxt
Amt$228Amt
Disbursements Charitable Prps$228DisbursementsCharitablePrpsAmt

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