Tannenbaum-Sternberger Foundation Inc
- Assets
- $20.6m
- Revenue
- $916.5k
- Investments
- $18.8m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 10/1958
- Data as of
- 03/2024
- EIN
- 56-6045483
Organization Overview
Tannenbaum-Sternberger Foundation Inc is located in Greensboro, NC. The organization was established in 1958. 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. Tannenbaum-Sternberger 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 03/2024, Tannenbaum-Sternberger Foundation Inc generated $916.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.1m during the year ending 03/2024. While expenses have increased by 4.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tannenbaum-Sternberger Foundation Inc has awarded 336 individual grants totaling $4,100,090. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert O Klepfer Jr Executive Director | 30 | $115,750 | |
Sigmund I Tannenbaum MD Director/vice President | 1 | $0 | |
Jeanne L Tannenbaum Director/vice President | 1 | $0 | |
Nancy B Tannenbaum Director/chair | 1 | $0 | |
Susan M Tannenbaum Director/vice President | 1 | $0 | |
Edward C Winslow III Director | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,658 |
| Dividends & Interest | $349,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $565,407 |
| Capital Gain Net Income | $565,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $400 |
| Total Revenue | $916,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,250 |
| Other employee salaries and wages | $18,009 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,742 |
| Depreciation | $364 |
| Occupancy | $24,451 |
| Travel, conferences, and meetings | $89 |
| Printing and publications | $7,809 |
| Other expenses | $37,280 |
| Total operating and administrative expenses | $338,901 |
| Contributions, gifts, grants paid | $758,873 |
| Total expenses and disbursements | $1,097,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,564,564 |
| 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 | $9,113 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,167,598 |
| Net Land, buildings, and equipment | $3,276 |
| Other assets | $163,162 |
| Total assets | $20,556,145 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $231,363 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $168,708 |
| Total liabilities | $400,071 |
Grants Awarded
Over the last fiscal year, Tannenbaum-Sternberger Foundation Inc has awarded $755,900 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
A BED AND A BOOK PURPOSE: GRANTS | $5,000 |
A SIMPLE GESTURE PURPOSE: GRANTS | $20,000 |
CENTER FOR VISUAL ARTS PURPOSE: GRANTS | $5,000 |
AUTHORACARE COLLECTIVE PURPOSE: GRANTS | $25,000 |
CREATIVE AGING NETWORK-NC PURPOSE: GRANTS | $10,000 |
DIAPER BANK OF NORTH CAROLINA PURPOSE: GRANTS | $20,000 |