Russell And Marguerite Stephenson Foundation
- Assets
- $1.8m
- Revenue
- $64.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-6706458
Organization Overview
Russell And Marguerite Stephenson Foundation is located in Pennington, NJ. The organization was established in 2009. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Russell And Marguerite Stephenson 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, Russell And Marguerite Stephenson Foundation generated $64.5k 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 (5.4%) each year. All expenses for the organization totaled $128.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Russell And Marguerite Stephenson Foundation has awarded 72 individual grants totaling $835,105. 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 | $42,759 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,701 |
| Capital Gain Net Income | $21,701 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,285 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $468 |
| Total operating and administrative expenses | $40,241 |
| Contributions, gifts, grants paid | $88,400 |
| Total expenses and disbursements | $128,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,377 |
| Savings and temporary cash investments | $152,015 |
| 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 | $286,926 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,780,310 |
| 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, Russell And Marguerite Stephenson Foundation has awarded $88,400 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CLYDE PUBLIC LIBRARY PURPOSE: UNRESTRICTED GENERAL | $8,900 |
SUPREME COUNCIL BENEVOLENT FOUNDATION PURPOSE: VALLEY OF TOLEDO | $13,000 |
GRAND LODGE CHARITABLE FOUNDATION PURPOSE: PROFESSIONAL DEVELOPMENT | $5,200 |
TIFFIN UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $13,000 |
FIRST PRESBYTERIAN CHURCH OF CLYDE PURPOSE: CAPITAL HVAC | $14,000 |
CLYDE GREEN SPRINGS SCHOOLS PURPOSE: TEEN LEADERSHIP, SUCCESS | $5,300 |