Gwendolyn L Stearns Foundation Inc
- Assets
- $4.4m
- Revenue
- $401.5k
- Investments
- $4.3m
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 31-1737658
Organization Overview
Gwendolyn L Stearns Foundation Inc is located in Rapid City, SD. 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. Gwendolyn L Stearns 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, Gwendolyn L Stearns Foundation Inc generated $401.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $459.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gwendolyn L Stearns Foundation Inc has awarded 260 individual grants totaling $3,289,084. 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 |
|---|---|---|---|
Kathy Miller President | 1 | $0 | |
Malcom Chapman Vice Pres | 1 | $0 | |
Dave True Treasurer | 1 | $0 | |
Judge Janine Kern Director | 1 | $0 | |
Brendyn Medina Director | 1 | $0 | |
Megan Reder-Schopp Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,833 |
| Dividends & Interest | $104,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $219,038 |
| Capital Gain Net Income | $219,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $76,313 |
| Total Revenue | $401,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,790 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,997 |
| Total operating and administrative expenses | $40,336 |
| Contributions, gifts, grants paid | $418,634 |
| Total expenses and disbursements | $458,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,741 |
| 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 | $3,537,038 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,409 |
| Total assets | $4,378,440 |
| 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, Gwendolyn L Stearns Foundation Inc has awarded $418,634 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
FEEDING SOUTH DAKOTA PURPOSE: TO ELIMINATE HUNGER IN SOUTH DAKOTA | $30,000 |
Rapid City, SD PURPOSE: PROVIDING DAYTIME CARE FOR AGING | $25,000 |
Rapid City, SD PURPOSE: PREVENTION CLASSES FOR AT-RISK YOUTH | $25,000 |
SEVENTH CIRCUIT CASA PROGRAM PURPOSE: COURT ADVOCATES FOR ABUSED CHILDREN | $25,000 |
FRONT PORCH COALITION PURPOSE: IMPLEMENT STRATEGY FOR SUICIDE PREV | $25,000 |
ALLIANCE FOR SUBSTANCE ABUSE PREVEN PURPOSE: SUBSTANCE ABUSE PREVENTION COALITION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
F R Bigelow Foundation Trust 555 St Paul, MN | $202,026,485 | $23,166,449 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |