FOUNDATION SOURCE: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
FOUNDATION SOURCE (EIN 92-0307266)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-28
IRS object ID
202501489349100205
Schema version
2024v5.0
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)
Return2025-05-28T09:27:50-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN332282877PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ELLIS & MOORE PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11720 HIGDON FERRY RD STE 101AddressLine1Txt
CityHOT SPRINGSCityNm
State AbbreviationARStateAbbreviationCd
ZIP719137212ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-05-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTINA ELLISPreparerPersonNm
PTINP01269959PTIN
Phone5016245788PhoneNum
Preparation2025-05-28PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$235,989FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$210,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$4,568InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4,568InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$4,568InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$214,568TotalRevAndExpnssAmt
Total Net Invst Incm$4,568TotalNetInvstIncmAmt
Total Adj Net Incm$4,568TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$850AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$850AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$8,025OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$8,025OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$28TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$28TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$150OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$9,053TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$8,903TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$10,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$10,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$19,653TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$19,503TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$194,915ExcessRevenueOverExpensesAmt
Net Investment Income$4,568NetInvestmentIncomeAmt
Adjusted Net Income$4,568AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1CashBOYAmt
Cash EOY$1CashEOYAmt
Sav And Temp Cash Invst BOY$51,074SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$235,989SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$235,989SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$51,075TotalAssetsBOYAmt
Total Assets EOY$235,990TotalAssetsEOYAmt
Total Assets EOYFMV$235,989TotalAssetsEOYFMVAmt
Other Liabilities BOY$10,000OtherLiabilitiesBOYAmt
Total Liabilities BOY$10,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$41,075NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$235,990NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$41,075TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$235,990TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$51,075TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$235,990TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$41,075TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$194,915ExcessRevenueOverExpensesAmt
Subtotal$235,990SubtotalAmt
Tot Net Ast Or Fund Balances EOY$235,990TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$63InvestmentIncomeExciseTaxAmt
Subtotal$63SubtotalAmt
Tax Based On Investment Income$63TaxBasedOnInvestmentIncomeAmt
Tax Due$63TaxDueAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
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$143,532AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$143,532TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$143,532AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,153CashDeemedCharitableAmt
Net Vl Noncharitable Assets$141,379NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,069MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,069MinimumInvestmentReturnAmt
Tax Based On Investment Income$63TaxBasedOnInvestmentIncomeAmt
Total Tax$63TotalTaxAmt
Distributable Before Adj$7,006DistributableBeforeAdjAmt
Distributable Before Ded$7,006DistributableBeforeDedAmt
Distributable As Adjusted$7,006DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$19,503ExpensesAndContributionsAmt
Qualifying Distributions$19,503QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,006DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$8,995ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$8,995TotalExcessDistributionCyovAmt
Qualifying Distributions$19,503QualifyingDistributionsAmt
Applied To Current Year$7,006AppliedToCurrentYearAmt
Remaining Distri From Corpus$12,497RemainingDistriFromCorpusAmt
Total Corpus$21,492TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$21,492ExcessDistriCyovToNextYrAmt
Excess From Year2$8,995ExcessFromYear2Amt
Excess From Current Year$12,497ExcessFromCurrentYearAmt

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE HOPE MOVEMENT
1343 ALBERT PIKE RDHOT SPRINGSAR71913NONEPCHELP WOMEN BREAK CHEMICAL DEPENDENCY$3,000
COOPER ANTHONY CLINIC
216 MCAULEY CTHOT SPRINGSAR71913NONEPCCHILD ABUSE HELP$1,000
THE CALL
312 W ST LOUISHOT SPRINGSAR71913NONEPCFOSTER PLACEMENT$1,000
ST JOHNS CATHOLIC SCHOOL
583 W GRAND AVE STE BHOT SPRINGSAR71901NONECHURCHSCHOLARSHIP TO CATHOLIC SCHOOL$3,000
NATIONAL PARK COLLEGE
101 COLLEGE DRHOT SPRINGSAR71913NONEUNIVERSITYHVAC SCHOLARSHIP$1,600
ANCHORED619
345 BRODERICK STHOT SPRINGSAR71901NONEPCANCHORED IN HOPE RESPITE CARE$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$10,600TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,568ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,568ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,568TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (5 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
EDWARD SANDERS
138 STONEGATE SHORES DRIVEHOT SPRINGSAR71913$54,998Yes (X)
DONNA SANDERS
238 STONEGATE SHORES DRIVEHOT SPRINGSAR71913$18,334Yes (X)
BLAKE SANDERS
31237 ARDEE AVENUE APT 1NASHVILLETN372162538$18,334Yes (X)
KARINA SANDERS
438 STONEGATE SHORES DRIVEHOT SPRINGSAR71913$18,334Yes (X)
SANDERS SUPPLY INC
5PO BOX 1545HOT SPRINGSAR71902$100,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$850Amt
Disbursements Charitable Prps$850DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES$150

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescDONOR PAID EXPENSESDesc
BOY Book Value$10,000BOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONSULTING$25$25
FOUNDATION FEE$8,000$8,000

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCd
EDWARD SANDERS
38 STONEGATE SHORESHOT SPRINGSAR71913
DONNA SANDERS
38 STONEGATE SHORESHOT SPRINGSAR71913
KARINA SANDERS
38 STONEGATE SHORESHOT SPRINGSAR71913
BLAKE SANDERS
405 SAN PEDRO DRHOT SPRINGSAR71913

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FRANCHISE TAX
FEDERAL TAXES PAID$28$28

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.