Sterling Heights Area Community Foundation

Organization Overview

Sterling Heights Area Community Foundation is located in Sterling Heights, MI. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community 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. Sterling Heights Area Community 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 12/2022, Sterling Heights Area Community Foundation generated $102.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $63.6k during the year ending 12/2022. While expenses have increased by 0.4% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

INITIATE PROJECTS AND DISBURSE FUNDS TO ENHANCE THE STERLING HEIGHTS AREA'S RECREATIONAL, EDUCATIONAL AND CULTURAL ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY SERIVCE


GRANTED FUNDS TO SCHOLARSHIP RECIPIENTS


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Board, Officers & Key Employees

Name (title)Compensation
Karl Oskoian
Executive Di
$34,200
Michael Notte
Secretary
$0
Michael J Lazzara
Treasurer
$0
Dr Martin Brown
President
$0
Douglas Dinning
Vice Preside
$0
Valerie Knol
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$457
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$457
Total Program Service Revenue$0
Investment income $26,663
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $28,826
Net Income from Fundraising Events $45,338
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $102,069

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Sterling Heights Area Community Foundation has recieved totaling $1,000.

Awarding OrganizationAmount
Dte Energy Foundation

Detroit, MI

PURPOSE: ARTS & CULTURE

$1,000
View Grant Recipient Profile

Endowment Analysis

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