Richard J Stern Foundation For The Arts
- Assets
- $50.3m
- Revenue
- $4.5m
- Investments
- $47.9m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 43-6313811
Organization Overview
Richard J Stern Foundation For The Arts is located in Kansas City, MO. The organization was established in 0000. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard J Stern Foundation For The Arts 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 06/2022, Richard J Stern Foundation For The Arts generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard J Stern Foundation For The Arts has awarded 260 individual grants totaling $10,514,572. 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
2022
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 |
|---|---|---|---|
Commerce Bankinv Mgmt Corporate Trustee | 40 | $234,523 | |
Commerce Bankcharity Office Corporate Trustee | 40 | $131,678 | |
Commerce Bankcharity Mgmt Corporate Trustee | 10 | $26,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,520,140 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,956,859 |
| Capital Gain Net Income | $2,956,859 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,476,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $392,259 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $103,062 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $628 |
| Total operating and administrative expenses | $495,949 |
| Contributions, gifts, grants paid | $2,800,491 |
| Total expenses and disbursements | $3,296,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,358,321 |
| 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 | $1,006,548 |
| Investments—other | $2,992,325 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,258,336 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $874,800 |
| 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 | $874,800 |
Grants Awarded
Over the last fiscal year, Richard J Stern Foundation For The Arts has awarded $3,685,891 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: 2022/2023 SEASON SUPPORT | $600,000 |
Kansas City, MO PURPOSE: 2021/2022 SEASON SUPPORT | $285,000 |
Kansas City, MO PURPOSE: 2021/2022 SEASON SUPPORT | $200,000 |
Kansas City, MO PURPOSE: RENOVATION AND EXPANSION OF KANSAS CITY BALLET'S JOHNSON COUNTY CAMPUS | $200,000 |
Kansas City, MO PURPOSE: 2021/2022 SEASON SUPPORT | $200,000 |
Kansas City, MO PURPOSE: 2021/2022 SEASON SUPPORT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Net Foundation For Television Lincoln, NE | $25,243,567 | $5,881,957 |
Allied Arts Of Oklahoma Inc Oklahoma City, OK | $9,236,321 | $5,698,295 |
Civic Center Foundation Oklahoma City, OK | $10,342,313 | $5,787,753 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Robert Allerton Trust Under Will Dated April 15 1964 Chicago, IL | $38,402,099 | $3,836,329 |
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
Lithuanian Foundation Lemont, IL | $53,188,345 | $6,129,593 |
David C & Sarajean Ruttenberg Arts Foundation Chicago, IL | $0 | $66,826 |
Richard & Ellen Sandor Art Foundation Chicago, IL | $0 | $3,100 |