The Steinman Foundation
- Assets
- $85.2m
- Revenue
- $2.1m
- Investments
- $77.0m
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 06/1953
- Data as of
- 12/2023
- EIN
- 23-6266377
Organization Overview
The Steinman Foundation is located in Lancaster, PA. The organization was established in 1953. 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. Steinman 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, Steinman Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $10.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Steinman Foundation has awarded 810 individual grants totaling $42,425,892. 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 |
|---|---|---|---|
Ms Beverly R Steinman Chairman Emeritus | 0.1 | $0 | |
Ms Pamela M Thye Co-Chairman | 0.1 | $0 | |
Mr Robert M Krasne Co-Chairman | 0.1 | $0 | |
Mr Shane D Zimmerman President & Treasurer | 0.1 | $0 | |
Ms Lauren V Frick Secretary | 0.1 | $0 | |
Ms Hale A Krasne Director | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meraki Enterprises Llc | 12/30/20 | $82,800 |
Chrisaway Llc | 12/30/20 | $463,044 |
Christopher Gonzales | 12/30/20 | $52,301 |
Buchanan Ingersoll & Rooney | 12/30/20 | $51,203 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,513,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$383,872 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,129,467 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,000 |
| Other employee salaries and wages | $58,763 |
| Pension plans, employee benefits | $34 |
| Interest | $0 |
| Taxes | $182,345 |
| Depreciation | $31,247 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $762,665 |
| Total operating and administrative expenses | $2,459,451 |
| Contributions, gifts, grants paid | $8,162,879 |
| Total expenses and disbursements | $10,622,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,573,525 |
| 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 | $1,570,000 |
| 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 | $1,005,690 |
| Other assets | $0 |
| Total assets | $85,184,847 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $91,113 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $91,113 |
Grants Awarded
Over the last fiscal year, The Steinman Foundation has awarded $8,162,879 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
A HOWARD CO WIDENER UNIVERSITY PURPOSE: FELLOWSHIPS | $3,750 |
A PRIETO CO MILLERSVILLE UNIVERSITY PURPOSE: FELLOWSHIPS | $4,750 |
ADVANCED COOLING TECHNOLOGIES PURPOSE: STEM, ECONOMIC, & WORKFORCE DEVELOPMENT | $5,000 |
A RAMSAY CO ST JOSEPH'S UNIVERSITY PURPOSE: FELLOWSHIPS | $4,750 |
A LEESE CO ARCADIA UNIVERSITY PURPOSE: SCHOLARSHIPS | $7,500 |
B FOOSE CO ELIZABETHTOWN COLLEGE PURPOSE: SCHOLARSHIPS | $2,750 |