Henrik Stenson Foundation Inc
- Assets
- $874.9k
- Revenue
- $145.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mooresville, NC
- Founding
- 12/2009
- Data as of
- 12/2021
- EIN
- 27-0760295
Organization Overview
Henrik Stenson Foundation Inc is located in Mooresville, NC. The organization was established in 2009. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henrik Stenson Foundation Inc 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 12/2021, Henrik Stenson Foundation Inc generated $145.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $84.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THE SUPPORT OF INITIATIVES THAT SUPPORT CHILDREN'S ABILITY TO GROW, AS HUMAN BEINGS AND ATHLETES IN THE AMBITION TO FULFILL THEIR POTENTIAL, THE HENRIK STENSON FOUNDATION AIMS TO INSPIRE AND PUSH CHILDREN IN THEIR "PURSUIT OF PERFECTION". BE IT AS GOLFERS OR MAYBE OTHER SPORTS. CHILDREN WITH A DREAM AND AN AMBITION TO MATCH WILL BE PROVIDED RESOURCES TO START THEM ON THEIR MISSION IN LIFE AND ATHLETICS. THROUGH THIS INITIATIVE, THE HENRIK STENSON FOUNDATION ATTEMPTS TO PROVIDE THE INITIAL SPARK TO A SUBSTANTIAL QUEST IN LIFE AND SPORTS, BUT IN NO WAY TAKE THE CONTROL AWAY FROM THE TEAM OR THE INDIVIDUAL, WITH FULL RESPECT FOR THEIR PERSONAL INTEGRITY AND RESPONSIBILITY FOR THEIR OWN ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE ORGANIZATION REMITTED GRANTS OF $ 5,970 WHICH PROVIDED FUNDS IN ACCORDANCE WITH THE ORGANIZATION'S MISSION STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henrik Olof Stenson Director | Trustee | 2 | $0 |
Emma Stenson Director | Trustee | 2 | $0 |
Philip James Barker Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,226 |
| Total Program Service Revenue | $0 |
| Investment income | $444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,970 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $360 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,668 |
| Total functional expenses | $84,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $828,602 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,259 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $874,861 |
| Accounts payable and accrued expenses | $43,126 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,126 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $831,735 |
| Total liabilities and net assets/fund balances | $874,861 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Henrik Stenson Foundation Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $50,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
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