Aj&sl Stern Family Foundation
- Assets
- $19.2m
- Revenue
- $951.3k
- Investments
- $10.8m
- Employees
- 0
- Location
- Lincolnwood, IL
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 36-4316434
Organization Overview
Aj&sl Stern Family Foundation is located in Lincolnwood, IL. 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. Aj&sl Stern Family 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, Aj&sl Stern Family Foundation generated $951.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $976.5k during the year ending 12/2023. While expenses have increased by 10.8% per year over the past 7 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 2021, Aj&sl Stern Family Foundation has awarded 742 individual grants totaling $4,198,198. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abraham J Stern President | 3 | $0 | |
Susan L Stern Vice President | 0.25 | $0 | |
Todd A Stern Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $450,000 |
| Interest on Savings | $172,618 |
| Dividends & Interest | $467,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$139,142 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $951,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,135 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $42,583 |
| Contributions, gifts, grants paid | $933,897 |
| Total expenses and disbursements | $976,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,010,813 |
| Savings and temporary cash investments | $2,389,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,208 |
| Total assets | $19,213,926 |
| 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, Aj&sl Stern Family Foundation has awarded $933,897 in support to 168 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS INDIVIDUALS - LIST AVAILABL PURPOSE: DONATION | $6,836 |
RABBI MEIR BAL HANES PURPOSE: DONATION | $180 |
JANE WEBSTER G'MACHCHESED CHICAGO PURPOSE: DONATION | $180 |
SACK FAMILY FUND PURPOSE: DONATION | $550 |
YESHIVATH BETH MOSHE-THE MILTON EISNER YESHIVA HIGH SCHOOL PURPOSE: DONATION | $36 |
YESHIVAS OUR ELIYAHU - LUBAVITCH MESIVTA OF CHICAGO PURPOSE: DONATION | $1,000 |