Erna & Isaac Stern Foundation Inc
- Assets
- $599.3k
- Revenue
- $23.8k
- Investments
- $581.0k
- Employees
- 0
- Location
- Briarcliff Manor, NY
- Founding
- 08/1949
- Data as of
- 01/2024
- EIN
- 13-6116794
Organization Overview
Erna & Isaac Stern Foundation Inc is located in Briarcliff Manor, NY. The organization was established in 1949. 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. Erna & Isaac Stern Foundation Inc 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 01/2024, Erna & Isaac Stern Foundation Inc generated $23.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $52.6k during the year ending 01/2024. While expenses have increased by 4.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Erna & Isaac Stern Foundation Inc has awarded 123 individual grants totaling $470,075. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Flaum Pres | 2 | $0 | |
Jessica Brand VP | 2 | $0 | |
Tamara Backer Secretary | 2 | $0 | |
Isaac Flaum Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,299 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,451 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,550 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $52,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,375 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $599,340 |
| 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, Erna & Isaac Stern Foundation Inc has awarded $50,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE CONSERVATION FUND PURPOSE: GENERAL CHARITABLEPURPOSES | $4,000 |
UNCF PURPOSE: GENERALCHARITABLEPURPOSE | $2,000 |
HIAS PURPOSE: GENERALCHARITABLEPURPOSE | $5,000 |
RONALD MCDONALD HOUSE PURPOSE: GENERAL CHARITABLEPURPOSE | $3,500 |
WELLSPRING PURPOSE: GENERAL CHARITABLEPURPOSE | $2,500 |
RWANDA EDUCATION ASSISTANCE PROJECT PURPOSE: GENERAL CHARITABLEPURPOSE | $8,000 |