| Entity | Document Type | Tax ID |
|---|---|---|
| Sierra Club Foundation | IRS Form 990 | 94-6069890 |
| Sierra Club Foundation | Audited Financial Statements | 94-6069890 |
|
Entity: Sierra Club Foundation Document Type: IRS Form 990 Tax ID: 94-6069890 |
|
Entity: Sierra Club Foundation Document Type: Audited Financial Statements Tax ID: 94-6069890 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Dan Chu | Executive Director | $237,921 |
| 2 | Virginia Quick | CFO | $199,524 |
| 3 | Henry Holmes | Grants & Compliance Officer | $116,696 |
|
1 Name: Dan Chu Title: Executive Director Compensation: $237,921 |
|
2 Name: Virginia Quick Title: CFO Compensation: $199,524 |
|
3 Name: Henry Holmes Title: Grants & Compliance Officer Compensation: $116,696 |
| CharityWatch's rating of The Sierra Club Foundation is for the 501(c)(3) public charity (tax ID #94-6069890). The affiliated Sierra Club, a 501(c)(4) tax-exempt, social welfare organization (tax ID #94-1153307), is rated separately by CharityWatch. CharityWatch will issue separate ratings for 501(c)(3) & 501(c)(4) organizations, even when they are included together in a combined or consolidated audit, due to their different tax treatment by the IRS. For more information on this topic, please see our sections on Types of Non-Profits, Tax Status, and Treatment of Related Organizations, which can be found on the Our Process page. For more information about things to consider when donating to organizations that have related public charity and social welfare entities, click on the "Articles & Alerts" tab (above), and read "Sorting Out Non-Profit Pairs." |
| According to The Sierra Club Foundation 2017 tax filing, the Foundation received donated in-kind software licensing on which it placed a value of $193,795 (IRS Form 990, Schedule M). [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
| According to The Sierra Club Foundation (the Foundation) audit of December 31, 2017 (Note 16, Software Hosting Services): "Software hosting services agreements entered into prior to 2016 were terminated and replaced with two new three-year agreements in October 2016, for the period November 1, 2016 through October 31, 2019 at a total cost of $2,721,771. The agreements are accounted for in accordance with ASU No. 2015-05, Intangibles -- Goodwill and Other -- Internal-Use Software (Subtopic 350-40). Under the terms of the fiscal sponsorship relationship with Sierra Club, they will share the use of the software hosting services and Sierra Club will reimburse the Foundation at fair value for the portion of the use that is not for qualified charitable expenditures. The reimbursement from Sierra Club was $1,029,948 and $1,386,785 during 2017 and 2016, respectively. Expenses relating to the hosting services have been categorized as fund-raising expense within the [audited] statement of functional expenses." |
| According to The Sierra Club Foundation audit of December 31, 2017 (Note 12, Transactions with related parties): "The Foundation considers members of the Board of Directors, corporate officers, key employees, and their immediate family members to be related parties. ... Included in investments is a fund valued at $11,066,248 and $7,499,456 as of December 31, 2017 and 2016, respectively, which is managed by a registered investment adviser whose founder and CEO is a member of the Board of Directors." |
| According to The Sierra Club Foundation (the Foundation) audit of December 31, 2017 (Note 13, Transactions with the Sierra Club and its Chapters): "In accordance with a contract between the Foundation and the Sierra Club, the Foundation incurred $6,399,996 and $6,336,504 to reimburse the Sierra Club for fundraising expenses for the years ended December 31, 2017 and 2016, respectively." "In accordance with the terms of the fiscal sponsorship relationship and an agreement between the Foundation and Sierra Club regarding the use of software hosting services, the two organizations share the use of the software hosting services, and Sierra Club reimburses the Foundation for the portion of the use that is not for qualified charitable expenditures. During the years ended December 31, 2017 and 2016, respectively, Sierra Club paid $1,029,948 and $1,386,785, for the software services. See note 16 [parts of which are cited above in a separate Analysts' Note]." "The Foundation receives certain gifts and makes grants on an advisory basis to the Sierra Club and its Chapters and groups. The Foundation made grants to the Sierra Club National Programs of $54,501,494 and $45,279,825 for the years ended December 31, 2017 and 2016, respectively, and to the Sierra Club Chapters of $7,706,652 and $7,556,515 for the years ended December 31, 2017 and 2016, respectively..." |
