The Linda B And Howard S Stern Family Foundation
- Assets
- $6.4m
- Revenue
- $2.0m
- Investments
- $6.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2123103
Organization Overview
The Linda B And Howard S Stern Family Foundation is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Linda B And Howard S 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, Linda B And Howard S Stern Family Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $635.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Linda B And Howard S Stern Family Foundation has awarded 107 individual grants totaling $2,380,981. 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 |
|---|---|---|---|
Linda Stern President | 12 | $0 | |
Rachel Stern Graham Director | 3 | $0 | |
Seth F Stern Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,724 |
| Dividends & Interest | $113,336 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,851,248 |
| Capital Gain Net Income | $1,851,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,201 |
| Total Revenue | $1,983,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,951 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,415 |
| Total operating and administrative expenses | $97,716 |
| Contributions, gifts, grants paid | $538,044 |
| Total expenses and disbursements | $635,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $575 |
| Savings and temporary cash investments | $430,767 |
| 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 | $6,867 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,439,398 |
| Accounts payable and accrued expenses | $5,261 |
| 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 | $5,261 |
Grants Awarded
Over the last fiscal year, The Linda B And Howard S Stern Family Foundation has awarded $538,044 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
WAKE FOREST UNIVERSITY PURPOSE: PROVIDING TUITION ASSISTANCE TO DISADVANTAGED STUDENTS | $20,000 |
AMERICAN CANCER SOCIETY-HOPE LODGE NYC PURPOSE: PROVIDES CANCER PATIENTS AND THEIR CAREGIVERS HELP WHEN AWAY FROM HOMEPROVIDES CANCER PATIENTS AND THEIR CAREGIVERS HELP WHEN AWAY FROM HOME | $26,666 |
CAMERA PURPOSE: COMMITTEE FOR ACCURACY IN MID-EAST REPORTING | $20,000 |
CITY HARVESTINC PURPOSE: TO FEED THOSE NEW YORKERS WHO ARE FOOD-INSECURE | $30,000 |
CITY PARKS FOUNDATION PURPOSE: PROVIDES EDUCATION IN A RECREATION SETTING FOR CHILDREN IN CITY PARKS | $35,828 |
HATZOLAH PURPOSE: PROVIDES VOLUNTARY EMERGENCY MEDICAL SERVICES TO THE COMMUNITY | $30,000 |