Josephine Hughes Sterling Foundation
- Assets
- $7.1m
- Revenue
- $2.0m
- Investments
- $5.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 27-3664186
Organization Overview
Josephine Hughes Sterling Foundation is located in Dallas, TX. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Josephine Hughes Sterling 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, Josephine Hughes Sterling Foundation generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 8 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.
Since 2016, Josephine Hughes Sterling Foundation has awarded 150 individual grants totaling $14,000,500. 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 |
|---|---|---|---|
Carolyn Ann Huckabee Pres/treas/dir | 30 | $60,000 | |
Raymond A Krell Vp/treas/dir | 20 | $60,000 | |
Robert H Kroney Director | 20 | $60,000 | |
Angela Krell Director | 1 | $10,000 | |
Jaime Macon Director | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $89 |
| Dividends & Interest | $1,858,471 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15 |
| Capital Gain Net Income | $15 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $159,871 |
| Total Revenue | $2,018,446 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $55,000 |
| Pension plans, employee benefits | $112,796 |
| Interest | $0 |
| Taxes | $41,393 |
| Depreciation | $0 |
| Occupancy | $464 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,331 |
| Total operating and administrative expenses | $459,955 |
| Contributions, gifts, grants paid | $2,257,500 |
| Total expenses and disbursements | $2,717,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,923 |
| Savings and temporary cash investments | $1,343,263 |
| 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 | $47,209 |
| Investments—mortgage loans | $0 |
| Investments—other | $209,364 |
| Net Land, buildings, and equipment | $11,300 |
| Other assets | $0 |
| Total assets | $7,131,204 |
| 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, Josephine Hughes Sterling Foundation has awarded $2,257,500 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AUBREY EDUCATION FOUNDATION PURPOSE: SCHOLARSHIPS & TEACHER GRANTS | $35,000 |
BELLS ISD EDUCATION FOUNDATION PURPOSE: TEACHER GRANTS | $5,000 |
CALLISBURG ISD EDUCATION FOUNDATION PURPOSE: SCHOLARSHIPS & TEACHER GRANTS | $30,000 |
CHILDRENS MEDICAL CENTER FOUNDATION PURPOSE: BONE MARROW/STEM CELLS | $275,000 |
DALLAS SYMPHONY ASSN INC PURPOSE: YOUNG STRINGS | $10,000 |
EASTWOOD RANCH FOUNDATION PURPOSE: NEW RESCUE FACILITY/ADOPTION | $100,000 |