Gwendolyn L Stearns Foundation Inc
- Assets
- $3.9m
- Revenue
- $116.1k
- Investments
- $3.8m
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 11/2000
- Data as of
- 12/2023
- 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 12/2023, Gwendolyn L Stearns Foundation Inc generated $116.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $439.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gwendolyn L Stearns Foundation Inc has awarded 314 individual grants totaling $4,068,084. 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 |
|---|---|---|---|
Malcom Chapman President | 1 | $0 | |
Kathy Miller Vice Preside | 1 | $0 | |
Megan Reder-Schopp Secretary | 1 | $0 | |
Dave True Treasurer | 1 | $0 | |
Judge Janine Kern Director | 1 | $0 | |
Larry Dahlstrom Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,326 |
| Dividends & Interest | $104,834 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,115 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,024 |
| Total Revenue | $116,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,428 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59 |
| Total operating and administrative expenses | $35,006 |
| Contributions, gifts, grants paid | $404,500 |
| Total expenses and disbursements | $439,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,394 |
| 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 | $3,007,177 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,947 |
| Total assets | $3,850,040 |
| 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 $404,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ADULT DAY CENTER OF THE BLACK HILLS PURPOSE: PROVIDING DAYTIME CARE FOR AGING | $25,000 |
ALLIANCE FOR SUBSTANCE ABUSE PREVEN PURPOSE: SUBSTANCE ABUSE PREVENTION COALITION | $15,000 |
ALLIED ARTS FUND DRIVE INC PURPOSE: SUPPORT FOR COMMUNITY ARTS ORG | $10,000 |
CATHOLIC SOCIAL SERVICES PURPOSE: COVER COUNSELING & EDUCATIONAL PROG | $15,000 |
CORE COMMUNITY ORGANIZED RESOURCES PURPOSE: SAVE TEEN LIVES-INTERACTIVE PROGRAM | $10,000 |
CORNERSTONE RESCUE MISSION PURPOSE: PROVIDE SUPPORT TO HOMELESS | $12,000 |