Stephens Charitable Foundation
- Assets
- $2.0m
- Revenue
- $109.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 01/2010
- Data as of
- 12/2022
- EIN
- 37-6447396
Organization Overview
Stephens Charitable Foundation is located in Corpus Christi, TX. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephens Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim M Stephens Chairman | 1 | $0 | |
Holly C Stephens Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $1,451 |
| Dividends & Interest | $29,867 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,144 |
| Capital Gain Net Income | $18,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,148 |
| Total operating and administrative expenses | $19,545 |
| Contributions, gifts, grants paid | $13,247 |
| Total expenses and disbursements | $32,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $804,920 |
| 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 | $1,843 |
| Total assets | $2,030,851 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,247 |
| 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 | $2,247 |
Grants Awarded
Over the last fiscal year, Stephens Charitable Foundation has awarded $13,247 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MAGDALENA MINISTRIES INC PURPOSE: CHARITABLE CONTRIBUTION TO HELP PROVIDE ASSISTANCE TO MOTHERS AND THEIR CHILDREN ESCAPING VIOLENCE. | $5,000 |
AIR1 PURPOSE: CHARITABLE CONTRIBUTION TO HELP CREATE COMPELLING MEDIA THAT ENCOURAGES OTHERS' RELATIONSHIP WITH CHRIST. | $1,000 |
SOUTH TEXAS COUNCIL - BOY SCOUTS OF AMERICA PURPOSE: CHARITABLE CONTRIBUTION TO HELP FURTHER THE MISSION OF PREPARING YOUNG PEOPLE TO MAKE ETHICAL AND MORAL CHOICES OVER THEIR LIFETIMES. | $5,000 |
SALVATION ARMY PURPOSE: CHARITABLE CONTRIBUTION TO HELP FURTHER THE MISSION OF PREACHING THE GOSPEL OF JESUS CHRIST AND TO MEET HUMAN NEEDS IN HIS NAME WITHOUT DISCRIMINATION. | $2,247 |