Festus & Helen Stacy Foundation Inc
- Assets
- $53.5m
- Revenue
- $2.1m
- Investments
- $49.3m
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 05/2000
- Data as of
- 10/2023
- EIN
- 31-1706311
Organization Overview
Festus & Helen Stacy Foundation Inc is located in Fort Lauderdale, FL. The organization was established in 2000. 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. Festus & Helen Stacy 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 10/2023, Festus & Helen Stacy Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $3.3m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Festus & Helen Stacy Foundation Inc has awarded 101 individual grants totaling $5,642,385. 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 |
|---|---|---|---|
Douglas A Stepelton President | 30 | $73,225 | |
Virlee S Stepelton Sec'y/treas. | 20 | $18,462 | |
Sean D Stepelton Director,vp | 45 | $233,130 | |
Brett S Stepelton Director,vp | 45 | $231,251 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Templeton & Company | 10/30/23 | $59,840 |
Morgan Stanley Smith Barney | 10/30/23 | $235,072 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,269 |
| Dividends & Interest | $842,928 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,384,586 |
| Capital Gain Net Income | $1,524,629 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$83,167 |
| Total Revenue | $2,148,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $556,068 |
| Other employee salaries and wages | $237,642 |
| Pension plans, employee benefits | $92,238 |
| Interest | $763 |
| Taxes | $58,625 |
| Depreciation | $6,102 |
| Occupancy | $120,000 |
| Travel, conferences, and meetings | $6,674 |
| Printing and publications | $0 |
| Other expenses | $143,292 |
| Total operating and administrative expenses | $1,570,860 |
| Contributions, gifts, grants paid | $1,735,190 |
| Total expenses and disbursements | $3,306,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,169,204 |
| 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 | $429,043 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,945,231 |
| Net Land, buildings, and equipment | $49,513 |
| Other assets | $1,503,784 |
| Total assets | $53,475,807 |
| 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 | $4,323 |
| Total liabilities | $4,323 |
Grants Awarded
Over the last fiscal year, Festus & Helen Stacy Foundation Inc has awarded $1,735,190 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
4KIDS OF SOUTH FLORIDA INC PURPOSE: TO BE USED FOR QUALIFIED PURPOSES OF THE ORGANIZATION. | $70,000 |
ALPHA USA PURPOSE: TO BE USED FOR QUALIFIED PURPOSES OF THE ORGANIZATION. | $150,000 |
CARDINAL GIBBONS HS PURPOSE: TO BE USED FOR QUALIFIED PURPOSES OF THE ORGANIZATION. | $30,000 |
CHRIST CHURCH SCHOOL PURPOSE: TO BE USED FOR QUALIFIED PURPOSES OF THE ORGANIZATION. | $1,500 |
CITY CHANGERS MOVEMENT USA PURPOSE: TO BE USED FOR QUALIFIED PURPOSES OF THE ORGANIZATION. | $50,000 |
CLEMSON UNIVERSITY FOUNDATION PURPOSE: TO BE USED FOR QUALIFIED PURPOSES OF THE ORGANIZATION. | $1,000 |