Stern Family Foundation
- Assets
- $376.3k
- Revenue
- $18.8k
- Investments
- $371.3k
- Employees
- 0
- Location
- Franklin, MI
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 26-3479263
Organization Overview
Stern Family Foundation is located in Franklin, MI. The organization was established in 2009. 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. Stern 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 12/2022, Stern Family Foundation generated $18.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $44.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Stern Family Foundation has awarded 169 individual grants totaling $866,685. 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 |
|---|---|---|---|
Scott Stern President, Treasurer, Dire | 5 | $0 | |
Lisa Stern Vice Pres, Secretary, Dire | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,647 |
| Dividends & Interest | $9,869 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,329 |
| Capital Gain Net Income | $7,329 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $509 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,683 |
| Total operating and administrative expenses | $4,092 |
| Contributions, gifts, grants paid | $40,134 |
| Total expenses and disbursements | $44,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,009 |
| 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 | $351,658 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $376,315 |
| 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, Stern Family Foundation has awarded $40,134 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BRILLIANT DETROIT PURPOSE: TO SUPPORT CHILDREN'S HEALTH AND EDUCATION | $10,290 |
DETROIT PUBLIC THEATRE PURPOSE: TO SUPPORT PERFORMING ARTS | $500 |
HUMBLE DESIGN PURPOSE: TO SUPPORT FAMILIES TRANSITIONING OUT OF HOMELESS SHELTERS | $1,030 |
JDRF PURPOSE: TO SUPPORT DIABETES RESEARCH | $250 |
LIGHTHOUSE MICHIGAN PURPOSE: TO PROVIDE FOOD TO FEED THE HUNGRY | $500 |
MAKE-A-WISH MICHIGAN PURPOSE: TO GRANT WISHES TO CRITICALLY ILL CHILDREN | $180 |