Steve Pearson Foundation Inc
- Assets
- $1.9m
- Revenue
- $115.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Ridgewood, NJ
- Founding
- 06/1998
- Data as of
- 03/2023
- EIN
- 51-0380635
Organization Overview
Steve Pearson Foundation Inc is located in Ridgewood, NJ. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Steve Pearson Foundation Inc 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 03/2023, Steve Pearson Foundation Inc generated $115.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $176.7k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Steve Pearson Foundation Inc has awarded 32 individual grants totaling $431,900. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Pres | 1 | $0 | |
Name Not Listed Secy/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,565 |
| Capital Gain Net Income | $71,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,702 |
| Total Revenue | $115,137 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,471 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $400 |
| Total operating and administrative expenses | $21,508 |
| Contributions, gifts, grants paid | $155,200 |
| Total expenses and disbursements | $176,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,979 |
| 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 | $187,049 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,925,047 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $369 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $369 |
Grants Awarded
Over the last fiscal year, Steve Pearson Foundation Inc has awarded $155,200 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CALVARY METHODIST CHURCH PURPOSE: RELIGIOUS | $200 |
CRITTENTON CENTER PURPOSE: CHARITABLE | $20,000 |
GATEWAY CHURCH PURPOSE: RELIGIOUS | $10,000 |
HOOKER COUNTY COMMUNITY FOUNDATION PURPOSE: CHARITABLE | $1,000 |
LOVE TAKES ROOT PURPOSE: EDUCATIONAL | $5,000 |
MIRACLE LEAGUE OF ARIZONA PURPOSE: EDUCATIONAL | $40,000 |