Sterken Family Foundation
- Assets
- $46.5k
- Revenue
- $2.2k
- Investments
- $31.8k
- Employees
- 0
- Location
- Saline, MI
- Founding
- 04/2007
- Data as of
- 12/2023
- EIN
- 20-3966962
Organization Overview
Sterken Family Foundation is located in Saline, MI. The organization was established in 2007. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sterken Family Foundation 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 12/2023, Sterken Family Foundation generated $2.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.9%) each year. All expenses for the organization totaled $4.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sterken Family Foundation has awarded 97 individual grants totaling $117,386. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSE N 2 HOME
FIRST UNITED METHODIST CHURCH
WASHTENAW HOUSING ALLIANCE
MICHIGAN RADIO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Sterken President | 5 | $0 | |
Gwynn Sterken Secretary | 1 | $0 | |
Stefanie Horvath Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $385 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,839 |
| Total Revenue | $2,224 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $527 |
| Total operating and administrative expenses | $527 |
| Contributions, gifts, grants paid | $4,300 |
| Total expenses and disbursements | $4,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,684 |
| Savings and temporary cash investments | $0 |
| 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 | $46,533 |
| 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, Sterken Family Foundation has awarded $4,300 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL DONATION | $1,000 |
WASHTENAW HOUSING ALLIANCE PURPOSE: GENERAL DONATION | $500 |
HOUSE INTO HOME PURPOSE: GENERAL DONATION | $2,500 |
AMERICAN INSTITUTE FOR CANCER RESEA PURPOSE: GENERAL DONATION | $100 |
CARTER CENTER PURPOSE: GENERAL DONATION | $100 |
MICHIGAN RADIO PURPOSE: GENERAL DONATION | $100 |