Steven & Bonnie Stern Foundation Inc
- Assets
- $5.6m
- Revenue
- $393.4k
- Investments
- $5.2m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 02/1956
- Data as of
- 03/2024
- EIN
- 13-6121155
Organization Overview
Steven & Bonnie Stern Foundation Inc is located in Palm Beach, FL. The organization was established in 1956. 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. Steven & Bonnie 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 03/2024, Steven & Bonnie Stern Foundation Inc generated $393.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $501.2k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Steven & Bonnie Stern Foundation Inc has awarded 153 individual grants totaling $2,238,766. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven E Stern Director/president/secretary | 10 | $0 | |
Bonnie Stern Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $369,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,955 |
| Capital Gain Net Income | $23,955 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $393,439 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,363 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $82,352 |
| Printing and publications | $0 |
| Other expenses | $911 |
| Total operating and administrative expenses | $126,160 |
| Contributions, gifts, grants paid | $375,000 |
| Total expenses and disbursements | $501,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $342,080 |
| 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 | $1,340,560 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,551,970 |
| 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, Steven & Bonnie Stern Foundation Inc has awarded $375,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AJC GLOBAL JEWISH ADVOCACY PURPOSE: CHARITABLE DONATION | $15,500 |
DUCKS UNLIMITED PURPOSE: CHARITABLE DONATION | $5,000 |
AMERICAN FRIENDS OF IDF PURPOSE: CHARITABLE DONATION | $262,500 |
PALM BEACH COUNTRY CLUB FOUNDATION PURPOSE: CHARITABLE DONATION | $2,000 |
MORSELIFE FOUNDATION PURPOSE: CHARITABLE DONATION | $10,000 |
PALM BEACH JEWISH FEDERATION PURPOSE: CHARITABLE DONATION | $6,000 |