Alex Stern Family Foundation
- Assets
- $9.6m
- Revenue
- $46.7k
- Investments
- $8.2m
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 04/1964
- Data as of
- 12/2022
- EIN
- 45-6013981
Organization Overview
Alex Stern Family Foundation is located in Fargo, ND. The organization was established in 1964. 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. Alex 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 12/2022, Alex Stern Family Foundation generated $46.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (49.7%) each year. All expenses for the organization totaled $628.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alex Stern Family Foundation has awarded 180 individual grants totaling $1,602,175. 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 |
|---|---|---|---|
Dan Carey Trustee | 0 | $0 | |
Rondi Mcgovern Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $102,311 |
| Dividends & Interest | $192,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$292,157 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $44,300 |
| Total Revenue | $46,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $14,800 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,959 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,780 |
| Total operating and administrative expenses | $83,957 |
| Contributions, gifts, grants paid | $544,144 |
| Total expenses and disbursements | $628,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,231 |
| Savings and temporary cash investments | $184,694 |
| 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 | $1,231,370 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,597,946 |
| 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, Alex Stern Family Foundation has awarded $544,144 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN GOLD GYMNASTICS PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BOY SCOUTS OF AMERICA PURPOSE: PROGRAMS AT JEFFERSON/MADISON SCHOOL | $2,500 |
COMMUNITY OF CARE PURPOSE: VOLUNTEER PROGRAM | $4,000 |
FARGO PARKS & RECREATION PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
FARGO MEMORIAL HONOR GUARD PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |