Mary Peace Sterling Foundation
- Assets
- $5.5m
- Revenue
- $474.8k
- Investments
- $5.4m
- Employees
- 0
- Location
- Cranbury, NJ
- Founding
- 03/2002
- Data as of
- 06/2024
- EIN
- 57-1114028
Organization Overview
Mary Peace Sterling Foundation is located in Cranbury, NJ. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mary Peace Sterling Foundation 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 06/2024, Mary Peace Sterling Foundation generated $474.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $846.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary Peace Sterling Foundation has awarded 116 individual grants totaling $3,403,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,136 |
| Dividends & Interest | $139,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $330,251 |
| Capital Gain Net Income | $330,251 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24 |
| Total Revenue | $474,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,740 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $170 |
| Other expenses | $0 |
| Total operating and administrative expenses | $73,579 |
| Contributions, gifts, grants paid | $772,434 |
| Total expenses and disbursements | $846,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $169,400 |
| 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 | $0 |
| Total assets | $5,542,339 |
| 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, Mary Peace Sterling Foundation has awarded $772,434 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL PURPOSE | $2,100 |
BREAD FOR THE WORLD PURPOSE: GENERAL PURPOSE | $20,000 |
FAVOR FOUNDATION PURPOSE: GENERAL PURPOSE | $50,000 |
FURMAN UNIVERSITY PURPOSE: GENERAL PURPOSE | $333,334 |
GUITARS OVER GUNS ORGANIZATION PURPOSE: GENERAL PURPOSE | $1,000 |
MD ANDERSON CANCER CENTER PURPOSE: GENERAL PURPOSE | $10,000 |