Vincent J Stark Foundation
- Assets
- $2.0m
- Revenue
- $120.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Strongsville, OH
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-5240195
Organization Overview
Vincent J Stark Foundation is located in Strongsville, OH. The organization was established in 2014. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vincent J Stark 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, Vincent J Stark Foundation generated $120.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $121.3k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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.
Since 2015, Vincent J Stark Foundation has awarded 87 individual grants totaling $1,029,500. 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 |
|---|---|---|---|
Penelope Stoup President | 5 | $0 | |
Sheri Peters Secretary | 1 | $0 | |
Susan R Nowlin Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,510 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,703 |
| Capital Gain Net Income | $50,703 |
| Net ST Capital Gain | $50,703 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,563 |
| Total operating and administrative expenses | $18,263 |
| Contributions, gifts, grants paid | $103,000 |
| Total expenses and disbursements | $121,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,430 |
| Savings and temporary cash investments | $2,017,283 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,024,713 |
| Accounts payable and accrued expenses | $409 |
| 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 | $409 |
Grants Awarded
Over the last fiscal year, Vincent J Stark Foundation has awarded $103,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BLESSING HOUSE PURPOSE: CARE FOR CHILDREN AND THEIRFAMILIES THAT HAVE EXPERIENCEDFINANCIAL AND PHYSICAL HARDSHIP. | $20,000 |
LAKEWOOD COMMUNITY SERVICES PURPOSE: DEFRAY COST OF SALARY FORLICENSED SOCIAL WORKER WHOHELPS WITH EMPLOYMENT TRAINING. | $20,000 |
LORAIN COUNTY FREE CLINIC PURPOSE: FUND OPERATING EXPENSESFOR FREE MEDICALCLINIC. | $20,000 |
KENT STATE UNIVERSITY PURPOSE: SCHOLORSHIP FOR ARTSTUDENT AT KENT STATEUNIVERSITY. | $1,000 |
CHILDREN'S DYSLEXIA CENTER PURPOSE: FUND OPERATING EXPENSESFOR EDUCATIONAL CENTERFOR DYSLEXIA. | $10,000 |
CPPA SHOP WITH A COP PURPOSE: FUND OPERATING EXPENSESFOR POLICE OUTREACHPROGRAM WITH CHILDREN. | $17,000 |