Stout Family Foundation
- Assets
- $115.5k
- Revenue
- $7.2k
- Investments
- $114.3k
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 12/2006
- Data as of
- 02/2024
- EIN
- 20-4527293
Organization Overview
Stout Family Foundation is located in Greensboro, NC. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Stout 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 02/2024, Stout Family Foundation generated $7.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $15.7k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Ralph D Stout Jr Sole Director | 1 | $0 | |
Carol R Johnston Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $283 |
| Dividends & Interest | $3,873 |
| 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 | $0 |
| Total Revenue | $7,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $92 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,911 |
| Contributions, gifts, grants paid | $12,800 |
| Total expenses and disbursements | $15,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,129 |
| 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 | $115,451 |
| 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, Stout Family Foundation has awarded $12,800 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
GREENSBORO SCIENCE CENTER PURPOSE: TO PROVIDE SUPPORT FOR THE AQUARIUM, MUSEUM AND ZOO THAT PROVIDE EDUCATIONAL OPPORTUNITIES TO THE PUBLIC. | $400 |
GUILFORD BATTLEGROUND COMPANY PURPOSE: TO SUPPORT THE GUILFORD COURTHOUSE NATIONAL MILITARY PARK BY PRESERVATION, PROTECTION, AND EDUCATIONAL EFFORTS AND PROJECTS THAT ENHANCE THE VISITOR EXPERIENCE. | $150 |
HABITAT FOR HUMANITY PURPOSE: TO SUPPORT THE ORGANIZATION AND FURTHER FUND ITS ACTIVITIES. | $100 |
IRVING PARK SCHOOL PTA PURPOSE: TO MAKE EVERY CHILD'S POTENTIAL A REALITY BY ENGAGING AND EMPOWERING FAMILIES AND COMMUNITIES TO ADVOCATE FOR ALL CHILDREN. | $300 |
HILLSDALE COLLEGE PURPOSE: TO EDUCATE STUDENTS ON THE PRINCIPLES OF LIBERTY THAT MADE AMERICA GREAT. | $150 |
NATIONAL MULTIPLE SCLEROSIS SOCIETY PURPOSE: TO HELP PEOPLE AFFECTED BY MS LIVE THEIR BEST LIVES AS WE STOP MS IN ITS TRACKS, RESTORE WHAT HAS BEEN LOST, AND END MS FOREVER. | $300 |