Sterling Family Foundation Tr
- Assets
- $5.8m
- Revenue
- $379.1k
- Investments
- $4.9m
- Employees
- 0
- Location
- Bellaire, TX
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 04-6995246
Organization Overview
Sterling Family Foundation Tr is located in Bellaire, TX. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sterling Family Foundation Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Sterling Family Foundation Tr generated $379.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $484.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Sterling Family Foundation Tr has awarded 63 individual grants totaling $1,136,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay A Epstein Trustee | 3 | $9,811 | |
Daniel Dominguez Trustee | 2 | $6,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $68 |
| Dividends & Interest | $128,180 |
| Net Rental Income | $10,671 |
| Net Gain on Sale of Assets | $176,482 |
| Capital Gain Net Income | $176,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $358 |
| Total Revenue | $379,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,089 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,889 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,318 |
| Total operating and administrative expenses | $119,601 |
| Contributions, gifts, grants paid | $365,200 |
| Total expenses and disbursements | $484,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,193 |
| Savings and temporary cash investments | $104,089 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $118 |
| Net Investments - land, buildings, equipment | $543,552 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,774,457 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sterling Family Foundation Tr has awarded $365,200 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRO FAMILIAR CRISTIANO PURPOSE: TO ASSIST ORGANIZATION IN PROVIDING EDUCATIONAL SERVICES TO YOUNG CHILDREN AND FAMILIES TO HELP DEVELOP LANGUAGE, SOCIAL, EMOTIONAL AND CREATIVE SKILLS | $200,000 |
JEWISH FAMILY SERVICE PURPOSE: TO ASSIST ORGANIZATION IN PROVIDING FINANCIAL ASSISTANCE TO LOW INCOME HOLOCAUST SURVIVORS IN THE GREATER HOUSTON AREA | $85,000 |
Houston, TX PURPOSE: TO ASSIST ORGANIZATION WITH PROVIDING SOCIAL AND MEDICAL SERVICES TO RESIDENTS AND ELDERLY PERSONS LIVING IN THE COMMUNITY. ORGANIZATION IS THE LARGEST LONG-TERM CARE FACILITY IN HOUSTON. | $25,000 |
Plano, TX PURPOSE: TO ASSIST ORGANIZATION WITH ENHANCING ITS EDUCATIONAL ACTIVITIES | $15,000 |
Houston, TX PURPOSE: TO ASSIST ORGANIZATION WITH EDUCATIONAL ACTIVITIES TO MAKE PEOPLE AWARE OF THE DANGERS OF PREJUDICE, HATRED AND VIOLENCE BROUGHT ABOUT DURING THE HOLOCAUST. ORGANIZATION IS THE FOURTH LARGEST MEMORIAL MUSEUM IN THE UNITED STATES. | $5,000 |
CONGREGTION BETH YESHURUN DAY SCHOOL PURPOSE: TO ASSIST ORGANIZATION IN ITS OPERATION OF A SCHOOL SERVING THE HOUSTON COMMUNITY. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |