The Stephens Endowment
- Assets
- $1.2m
- Revenue
- $147.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Morganton, NC
- Founding
- 06/1989
- Data as of
- 10/2024
- EIN
- 56-0633355
Organization Overview
The Stephens Endowment is located in Morganton, NC. The organization was established in 1989. 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. Stephens Endowment 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 10/2024, Stephens Endowment generated $147.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $64.0k during the year ending 10/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Stephens Endowment has awarded 39 individual grants totaling $452,250. 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 |
|---|---|---|---|
Gerald K Stephens President | 0 | $0 | |
G Kenneth Stephens Vice President | 0 | $0 | |
Jean T Stephens Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $205 |
| Dividends & Interest | $31,063 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,886 |
| Capital Gain Net Income | $109,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,200 |
| Total Revenue | $147,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,780 |
| Contributions, gifts, grants paid | $53,250 |
| Total expenses and disbursements | $64,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,536 |
| 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 | $479 |
| Total assets | $1,205,442 |
| 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, The Stephens Endowment has awarded $53,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST CHILDREN'S HOMES OF NC PURPOSE: OPERATIONS | $1,000 |
CHRIST CLASSICAL ACADEMY PURPOSE: OPERATIONS | $7,000 |
EMMANUEL UNIVERSITY PURPOSE: OPERATIONS | $15,000 |
ENGAGE HOPE MINISTRIES PURPOSE: OPERATIONS | $1,250 |
SOUTHEASTERN BAPTIST THEOLOGICAL SEMINARY PURPOSE: OPERATIONS | $20,000 |
MISSION DIGNITY - GUIDSTONE PURPOSE: OPERATIONS | $3,000 |