Stein-Bellet Foundation Inc
- Assets
- $6.0m
- Revenue
- $274.0k
- Investments
- $6.0m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 56-2491254
Organization Overview
Stein-Bellet Foundation Inc is located in Philadelphia, PA. The organization was established in 2005. 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. Stein-Bellet 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 12/2023, Stein-Bellet Foundation Inc generated $274.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $433.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stein-Bellet Foundation Inc has awarded 132 individual grants totaling $2,604,064. 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 |
|---|---|---|---|
Sally Bellet Trustee/president | 20 | $50,000 | |
Laura Bellet Trustee/v.p. | 0 | $0 | |
Matthew Kessler Trustee/sec/treasurer | 10 | $34,000 | |
Alison Kessler Trustee/sec/treasurer | 10 | $34,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $268,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $176,220 |
| Net ST Capital Gain | $6,880 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,153 |
| Total Revenue | $274,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $118,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,151 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $700 |
| Printing and publications | $0 |
| Other expenses | $6,849 |
| Total operating and administrative expenses | $146,784 |
| Contributions, gifts, grants paid | $287,000 |
| Total expenses and disbursements | $433,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,800 |
| Savings and temporary cash investments | $23,135 |
| 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 | $5,961,535 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,011,470 |
| Accounts payable and accrued expenses | $2,032 |
| 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 | $2,032 |
Grants Awarded
Over the last fiscal year, Stein-Bellet Foundation Inc has awarded $287,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
WILLIAM PENN CHARTER SCHOOL PURPOSE: SCHOLARSHIPGENERAL SUPPORT | $10,300 |
CHOP FOUNDATION PURPOSE: IBD FELLOWSHIP | $50,000 |
FORDHAM UNIVERSITY SCHOOL OF LAW PURPOSE: STEIN CENTER; LAW BLDG FUNDFOUNDERS SOCIETY; FEERICK CENTERBELLET FELLOWSHIP | $80,000 |
DREXEL UNIVERSITY PURPOSE: STEIN AUDITORIUMRENOVATION | $56,000 |
WOODMERE ART MUSEUM PURPOSE: GENERAL SUPPORT | $2,500 |
HABITAT FOR HUMANITY INTERNATIONAL PURPOSE: GENERAL SUPPORT | $30,000 |