Newton B Stoer Foundation
- Assets
- $18.2m
- Revenue
- $1.1m
- Investments
- $16.6m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 03/1973
- Data as of
- 09/2023
- EIN
- 23-7202748
Organization Overview
Newton B Stoer Foundation is located in Birmingham, AL. The organization was established in 1973. 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. Newton B Stoer 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 09/2023, Newton B Stoer Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $1.1m during the year ending 09/2023. While expenses have increased by 2.5% per year over the past 4 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 2020, Newton B Stoer Foundation has awarded 12 individual grants totaling $3,970,182. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $541,519 |
| Net Rental Income | $30,959 |
| Net Gain on Sale of Assets | $199,793 |
| Capital Gain Net Income | $199,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $292,928 |
| Total Revenue | $1,071,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,760 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,677 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,755 |
| Total operating and administrative expenses | $123,777 |
| Contributions, gifts, grants paid | $1,003,356 |
| Total expenses and disbursements | $1,127,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,557,042 |
| 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 | $16,608,341 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,165,383 |
| 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, Newton B Stoer Foundation has awarded $1,003,356 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHN BERCHMANS CATHEDRAL PURPOSE: GENERAL OPERATING | $334,452 |
CENTENARY COLLEGE OF LOUISIANA PURPOSE: GENERAL OPERATING | $334,452 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL OPERATING | $334,452 |