Stults Foundation Inc
- Assets
- $2.6m
- Revenue
- $73.1k
- Investments
- $2.5m
- Employees
- 0
- Location
- Paoli, IN
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 35-2057978
Organization Overview
Stults Foundation Inc is located in Paoli, IN. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Stults 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 12/2022, Stults Foundation Inc generated $73.1k 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 (17.8%) each year. All expenses for the organization totaled $205.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Stults Foundation Inc has awarded 26 individual grants totaling $467,466. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin K Stults Pres/treasurer | 1 | $0 | |
Connie L Stults Vice Pres/secretary | 1 | $0 | |
Wesley Stults Vice Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,553 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$775 |
| Total Revenue | $73,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,953 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $281 |
| Total operating and administrative expenses | $32,370 |
| Contributions, gifts, grants paid | $172,599 |
| Total expenses and disbursements | $204,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,946 |
| Savings and temporary cash investments | $104,438 |
| 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 | $73,944 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,631,207 |
| 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, Stults Foundation Inc has awarded $172,599 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BILLY GRAHAM EVANGELISTIC ASSOCIATION PURPOSE: CHARITABLE OPERATIONS | $30,000 |
FAITH FELLOWSHIP CHURCH PURPOSE: CHARITABLE OPERATIONS | $10,000 |
KENTUCKY EDUCATIONAL TELEVISION FOUNDATION (KET) PURPOSE: CHARITABLE OPERATIONS | $10,000 |
LIFE POINT CHURCH PURPOSE: CHARITABLE OPERATIONS | $6,099 |
MOORES RIDGE CHURCH PURPOSE: CHARITABLE OPERATIONS | $10,000 |
ROCK SPRINGS CHURCH PURPOSE: CHARITABLE OPERATIONS | $15,000 |