Sterne Agee & Leach Charitable Foundation Inc
- Assets
- $0.0
- Revenue
- $1.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/2000
- Data as of
- 11/2022
- EIN
- 63-1234814
Organization Overview
Sterne Agee & Leach Charitable Foundation Inc is located in Birmingham, AL. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Sterne Agee & Leach Charitable 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 11/2022, Sterne Agee & Leach Charitable Foundation Inc generated $1.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (43.4%) each year. All expenses for the organization totaled $254.6k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sterne Agee & Leach Charitable Foundation Inc has awarded 21 individual grants totaling $448,050. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS HOSPITALS AND ORGANIZATIONS INVOLVED WITH ARTS AND CULTURE, EDUCATION, PATIENT SERVICES, CHILDREN AND YOUTH, DISABILITY SERVICES, AND WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Hanson Slaughter President | 0.25 | $0 | |
John Rucker Secretary | 0.25 | $0 | |
Linda M Daniel Treasurer | 0.25 | $0 | |
B Hanson Slaughter President | 0.25 | $0 | |
John Rucker Secretary | 0.25 | $0 | |
Linda M Daniel Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $878 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,017 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $436 |
| Total Revenue | $1,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $4,586 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $254,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,272 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Sterne Agee & Leach Charitable Foundation Inc has awarded $261,325 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MERVYN H STERNE LIBRARY PURPOSE: SUPPORT THE UAB ACADEMIC LIBRARY WHICH SUPPORTS TEACHING AND RESEARCH IN THE ARTS AND HUMANITIES, BUSINESS, EDUCATION, ENGINEERING, NATURAL SCIENCES, MATHEMATICS, AND SOCIAL SCIENCES. | $9,325 |
UAB ATHLETICS PURPOSE: TO PROMOTE AND ENCOURAGE A CONTINUING INTEREST IN AND LOYALTY TO THE INTERCOLLEGIATE ATHLETIC PROGRAM AT THE UNIVERSITY OF BIRMINGHAM, BIRMINGHAM, ALABAMA | $2,000 |
FRIENDS OF THE BIRMINGHAM BOTANICAL GARDENS PURPOSE: SUPPORT FOR IMPROVEMENTS TO AND NAMING OF THE GRAND PAVILION IN THE KAUL WILDFLOWER GARDEN | $125,000 |
BIRMINGHAM HISTORICAL SOCIETY PURPOSE: SUPPORT FOR THE COLLECTING AND ARCHIVING OF WRITTEN RECORDS AND ORAL HISTORIES IN ORDER TO DOCUMENT THE HISTORY, ROLE AND IMPACT OF STERNE AGEE AND LEACH, INC. ON BIRMINGHAM, MONTGOMERY AND ALABAMA | $100,000 |
BIRMINGHAM SOUTHERN COLLEGE PURPOSE: CONTRIBUTION TO THE DORA H. AND MERVYN H. STERNE SCHOLARSHIP FUND | $25,000 |