Stimac Family Foundation
- Assets
- $17.4m
- Revenue
- $1.0m
- Investments
- $13.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2014
- Data as of
- 12/2022
- EIN
- 46-0605442
Organization Overview
Stimac Family Foundation is located in Houston, TX. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Stimac 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, Stimac Family Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Stimac Family Foundation has awarded 343 individual grants totaling $53,132,578. 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 |
|---|---|---|---|
Gary Stimac President/treasurer/director | 0 | $0 | |
Timothy Stimac Director | 0 | $0 | |
Eric Christopherson Director | 0 | $0 | |
John Pahmeier Director | 0 | $0 | |
Jodi Burow Director | 0 | $0 | |
Audra Raabe Jacobs Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $975,000 |
| Interest on Savings | $179 |
| Dividends & Interest | $325,284 |
| Net Rental Income | -$1,130 |
| Net Gain on Sale of Assets | -$364,859 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $64,201 |
| Total Revenue | $1,002,730 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,068 |
| Taxes | $38,173 |
| Depreciation | $1,323 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,732 |
| Total operating and administrative expenses | $146,701 |
| Contributions, gifts, grants paid | $3,748,750 |
| Total expenses and disbursements | $3,895,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $524,805 |
| Net Accounts receivable | $1,422,562 |
| 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 | $8,058 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,872,579 |
| Net Land, buildings, and equipment | $2,429,385 |
| Other assets | $300 |
| Total assets | $17,412,244 |
| Accounts payable and accrued expenses | $2,220 |
| 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 | $975 |
| Total liabilities | $3,195 |
Grants Awarded
Over the last fiscal year, Stimac Family Foundation has awarded $7,026,750 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
WISCONSIN LUTHERAN COLLEGE PURPOSE: ANNUAL FUND,HOPE SCHOLARSHIPDIVINE SERVANT AWARD | $339,750 |
TIME OF GRACE MINISTRY PURPOSE: GENERAL FUND | $353,000 |
ST MARCUS LUTHERAN CHURCH & SCHOOL PURPOSE: LUTHER PREPVOUCHER STUDENTASSISTANCE SCHOLARSHIPS | $66,000 |
MILWAUKEE SCHOOL OF ENGINEERING PURPOSE: ANNUAL FUND | $20,000 |
CENTER FOR URBAN TEACHING PURPOSE: OPERATIONS ANDPROGRAMMING | $300,000 |
GOOD SHEPHERD LUTHERAN CHURCH PURPOSE: GENERAL FUND | $65,000 |