Stuart And Barbara Padnos Foundation
- Assets
- $3.2m
- Revenue
- $123.8k
- Investments
- $2.9m
- Employees
- 0
- Location
- Holland, MI
- Founding
- 02/1996
- Data as of
- 12/2023
- EIN
- 38-3237340
Organization Overview
Stuart And Barbara Padnos Foundation is located in Holland, MI. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Stuart And Barbara Padnos 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, Stuart And Barbara Padnos Foundation generated $123.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $341.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Stuart And Barbara Padnos Foundation has awarded 11 individual grants totaling $1,827,702. 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 |
|---|---|---|---|
Jeffrey S Padnos President | 1 | $0 | |
Daniel P Padnos Vice President | 1 | $0 | |
Douglas B Padnos Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $50 |
| Dividends & Interest | $87,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,506 |
| Capital Gain Net Income | $57,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$20,952 |
| Total Revenue | $123,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,831 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $35,531 |
| Contributions, gifts, grants paid | $305,531 |
| Total expenses and disbursements | $341,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,209 |
| Savings and temporary cash investments | $301,706 |
| 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 | $899,456 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,248,211 |
| 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, Stuart And Barbara Padnos Foundation has awarded $305,531 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HOLLAND SYMPHONY ORCHESTRA PURPOSE: GENERAL CAPITAL DONATION | $3,500 |
TEMPLE EMANUEL PURPOSE: GENERAL CAPITAL DONATION | $300,000 |
HOLLAND GARDEN CLUB PURPOSE: GENERAL CAPITAL DONATION | $2,031 |