Stratus Foundation
- Assets
- $14.9m
- Revenue
- $745.2k
- Investments
- $13.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2008
- Data as of
- 12/2023
- EIN
- 26-6190250
Organization Overview
Stratus Foundation is located in Wilmington, DE. The organization was established in 2008. 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. Stratus 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, Stratus Foundation generated $745.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $423.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Stratus Foundation has awarded 194 individual grants totaling $8,149,879. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACCEPTS APPLICATIONS FROM ORGANIZATIONS OPERATED FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSED AS PROVIDED IN IRC SEC 501(C)(3).
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,214 |
| Dividends & Interest | $217,594 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $336,674 |
| Capital Gain Net Income | $336,674 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $164,726 |
| Total Revenue | $745,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,616 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,787 |
| Total operating and administrative expenses | $76,268 |
| Contributions, gifts, grants paid | $346,833 |
| Total expenses and disbursements | $423,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,041,259 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $600,000 |
| 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 | $3,899,469 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $50,000 |
| Total assets | $14,868,149 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $110,000 |
| 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 | $110,000 |
Grants Awarded
Over the last fiscal year, Stratus Foundation has awarded $346,833 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BE PHILLY FOUNDATION PURPOSE: GENERAL | $35,000 |
CHESHIRE POINT TO POINT PURPOSE: GENERAL | $5,000 |
CHOP FOUNDATION PURPOSE: GENERAL | $25,000 |
DELAWARE NATURE SOCIETY PURPOSE: GENERAL | $5,000 |
DELAWARE MUSEUM OF NATURAL HISTORY PURPOSE: GENERAL | $5,000 |
FAITHFUL FRIENDS ANIMAL SOCIETY PURPOSE: GENERAL | $33,333 |