Newton B Stoer Foundation
- Assets
- $18.4m
- Revenue
- $1.7m
- Investments
- $16.1m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 03/1973
- Data as of
- 09/2021
- 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 09/2021, Newton B Stoer Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $1.1m during the year ending 09/2021. While expenses have increased by 14.5% per year over the past 3 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $408,741 |
| Net Rental Income | -$1,807 |
| Net Gain on Sale of Assets | $1,068,957 |
| Capital Gain Net Income | $1,068,957 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $202,919 |
| Total Revenue | $1,680,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,216 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,942 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,701 |
| Total operating and administrative expenses | $161,816 |
| Contributions, gifts, grants paid | $929,247 |
| Total expenses and disbursements | $1,091,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,637,033 |
| 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 | $30,398 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,054,589 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $653,110 |
| Total assets | $18,375,130 |
| 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 $929,247 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Shreveport, LA PURPOSE: GENERAL OPERATING | $309,749 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL OPERATING | $309,749 |
ST JOHN BERCHMANS CATHEDRAL PURPOSE: GENERAL OPERATING | $309,749 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |