Alexander William Stearn Foundation Inc
- Assets
- $1.0m
- Revenue
- $28.5k
- Investments
- $990.4k
- Employees
- 0
- Location
- Vienna, VA
- Founding
- 08/1986
- Data as of
- 06/2023
- EIN
- 52-1457719
Organization Overview
Alexander William Stearn Foundation Inc is located in Vienna, VA. The organization was established in 1986. 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. Alexander William Stearn 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 06/2023, Alexander William Stearn Foundation Inc generated $28.5k 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 (8.3%) each year. All expenses for the organization totaled $52.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SCHOLARSHIP GRANTS TO ENABLE HIGH SCHOOL GRADUATES TO OBTAIN A COLLEGE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Firey President | 8 | $0 | |
Karen R Mullins Vice President | 1 | $0 | |
Doug Harris Secretary | 1 | $0 | |
Andrea Usiak Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,344 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,157 |
| Capital Gain Net Income | $1,157 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,501 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $310 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,500 |
| Total operating and administrative expenses | $22,161 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $52,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,648 |
| 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 | $942,832 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,234 |
| Total assets | $1,046,329 |
| 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, Alexander William Stearn Foundation Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOWIE STATE UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIPS | $5,000 |
MORGAN STATE UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIPS | $20,000 |
TOWSON UNVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIPS | $5,000 |