2022-03-22T09:14:15-05:00 2021-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2021-01-01 273420005 Sanders Tech-Ed Foundation % Foundation Source SAND 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 john d sanders president 8008391754 2022-03-16 true john d sanders 999009999 Jeffrey D Haskell P01345770 8008391754 2021 2022-09-23 18:48:47Z X 40191 X 50000 240 240 0 50240 240 0 5025 5025 5025 0 5025 76250 76250 81275 0 81275 -31035 240 71226 40191 40191 71226 40191 40191 0 0 X 71226 40191 71226 40191 71226 40191 71226 -31035 40191 40191 3 3 3 277 0 277 274 274 false false false false false false true true true DE true false false false false true N/A Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false John D Sanders Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 2.0 0 0 0 0 80973 0 80973 0 80973 1215 79758 3988 3988 3 3 3985 3985 3985 81275 0 0 0 0 81275 3985 2019 2018 2017 25319 31032 51782 39664 47819 195616 81275 3985 77290 272906 0 50000 222906 6351 51782 39664 47819 77290 John D Sanders X A SENSE OF HOME 4712 ADMIRALTY WAY 1203 MARINA DEL RAY CA 90292 N/A PC General & Unrestricted 2500 AGUA HEDIONDA LAGOON FOUNDATION 1580 CANNON RD CARLSBAD CA 92008 N/A PC Charitable Event 2500 AGUA HEDIONDA LAGOON FOUNDATION 1580 CANNON RD CARLSBAD CA 92008 N/A PC General & Unrestricted 17250 CARLSBAD FIRE DEPARTMENT FOUNDATION 3451 VIA MONTEBELLO STE 192 530 CARLSBAD CA 92009 N/A PC Charitable Event 5000 CLEMSON UNIVERSITY ADMINISTRATIVE SERVICES BLDG CLEMSON SC 29634 N/A GOV General & Unrestricted 500 KIDS FOR PEACE INC 3303 JAMES DR CARLSBAD CA 92008 N/A PC General & Unrestricted 1000 LABRATS SAN DIEGO 533 2ND ST SUITE 338 ENCINITAS CA 92024 N/A PC General & Unrestricted 5000 LEAP TO SUCCESS INC 5205 AVENIDA ENCINAS STE A CARLSBAD CA 92008 N/A PC General & Unrestricted 1000 NAACP EMPOWERMENT PROGRAMS INC 4805 MOUNT HOPE DR BALTIMORE MD 21215 N/A PC to fund a series of workshops: small business technology use and process automation, training for members 5000 RESIDENTS ASSOCIATION OF CARLSBAD BY THE SEA INC 2855 CARLSBAD BLVD CARLSBAD CA 92008 N/A PC General & Unrestricted 7500 SAN FRANCISCO FIRST TEE 99 HARDING RD SAN FRANCISCO CA 94132 N/A PC General & Unrestricted 500 TAYLOR ELEM 2600 N STUART ST Arlington VA 22207 N/A GOV General & Unrestricted 500 THE SAN DIEGO FOUNDATION 2508 HISTORIC DECATUR RD STE 200 SAN DIEGO CA 92106 N/A PC Boys & Girls Club of Carlsbad CA 5000 THE SAN DIEGO FOUNDATION 2508 HISTORIC DECATUR RD STE 200 SAN DIEGO CA 92106 N/A PC General & Unrestricted 1500 VETERANS ASSOCIATION NORTH COUNTY 1617 MISSION AVE OCEANSIDE CA 92058 N/A PC General & Unrestricted 17500 VETERANS ASSOCIATION NORTH COUNTY 1617 MISSION AVE OCEANSIDE CA 92058 N/A PC Charitable Event 3000 WILLIAMSBURG MIDDLE 3600 N HARRISON ST Arlington VA 22207 N/A GOV General & Unrestricted 500 YORKTOWN HIGH 5200 YORKTOWN BLVD Arlington VA 22207 N/A GOV General & Unrestricted 500 76250 14 240 240 240 false false false false false false false false false false X X 1 SANDERS JOHN D VIA IRA Pensco TrCo 1560 Broadway Ste 400 Denver CO 80202 50000 X Form 990-PF, Part XII, Line 7 Form 990-PF, Part XII, Line 7 Form 990-PF, Part XII, Line 7 - Election to Treat Unused Prior Year Corpus Distributions as Current Year Corpus Distributions Pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), Sanders Tech-Ed Foundation hereby elects to treat, as a current distribution out of corpus, the following unused prior years' distributions that were treated as corpus distributions under Treasury Regulations Section 53.4942(a)-3(d)(1)(iii) in such prior tax years: Tax Year: 2016 Amount: $25,319 Tax Year: 2017 Amount: $24,681 By: John D. Sanders Title: President Amount Treated as Distributions out of Corpus to Satisfy Section 170(b)(1)(F)(ii) The Sanders Tech-Ed Foundation (the "Foundation") hereby elects to satisfy the requirements of Internal Revenue Code ("Code") Section 170(b)(1)(F)(ii) in respect of contributions of $50,000 received in the taxable year ending December 31, 2021 (the "Conduit Election Year"). To satisfy the requirements of Code Section 170(b)(1)(F)(ii), a private non-operating foundation must: (A) by the end of the Conduit Election Year, distribute any undistributed income from the year immediately preceding the Conduit Election Year; (B) distribute, in the absence of an election under Code Section 4942(h)(2), any undistributed income from the Conduit Election Year by the end of the Conduit Election Year; and (C) make qualifying distributions treated as distributions out of corpus by no later than the 15th day of the third month of the taxable year following the Conduit Election Year in an amount equal to 100 percent of the contributions received by such foundation in the Conduit Election Year. A. Satisfaction of Minimum Distribution Requirement for the Conduit Election Year. As reported on Part XII, Line 2, column (c), the undistributed income for the year immediately preceding the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2020. B. Timely Satisfaction of Minimum Distribution Requirement for the Taxable Year following the Conduit Election Year. As reported on Part XII, Line 6f, column (d), the undistributed income for the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2021. C. Sufficient Timely Qualified Distributions Made Out of Corpus. To satisfy the requirements of Internal Revenue Code Section 170(b)(1)(F)(ii), the Foundation had until March 15, 2022, the 15th day of the third month of the taxable year following the Conduit Election Year, to make distributions out of corpus in an amount equal to 100 percent of the contributions received by it in the Conduit Election Year, $50,000. As reported on Part XII, Line 7, the Foundation is treating $50,000 as a current distribution out of corpus in full satisfaction of the requirements of Code Section 170(b)(1)(F)(ii) in respect of the Conduit Election Year. The Foundation has attached the necessary election, pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), to treat $50,000, of its unused prior years' corpus distributions, as a current distribution out of corpus. election, pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), to treat $50,000, of its unused prior years' corpus distributions, as a current distribution out of corpus. As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $76,250. This amount represents 25 or more of the Foundation's net assets of $71,226 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 5000 5000 State or Local Filing Fees 25 25