B And B Stern Foundation Inc
- Assets
- $3.0m
- Revenue
- $79.8k
- Investments
- $2.9m
- Employees
- 0
- Location
- Lake Worth, FL
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 65-1150831
Organization Overview
B And B Stern Foundation Inc is located in Lake Worth, FL. The organization was established in 2002. 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. B And B Stern 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 12/2022, B And B Stern Foundation Inc generated $79.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $255.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, B And B Stern Foundation Inc has awarded 58 individual grants totaling $1,586,000. 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 |
|---|---|---|---|
John M Stern Director | 0 | $0 | |
L Reed Catlett Director | 0 | $40,000 | |
Steven B Kaufman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,166 |
| Capital Gain Net Income | $10,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,388 |
| Depreciation | $188 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,742 |
| Total operating and administrative expenses | $87,663 |
| Contributions, gifts, grants paid | $167,500 |
| Total expenses and disbursements | $255,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239 |
| Savings and temporary cash investments | $54,165 |
| 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 | $49 |
| Other assets | $0 |
| Total assets | $2,969,181 |
| 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 | $7,663 |
| Total liabilities | $7,663 |
Grants Awarded
Over the last fiscal year, B And B Stern Foundation Inc has awarded $167,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNTAIN HOUSE INC PURPOSE: CHARITABLE PURPOSE | $100,000 |
JEWISH FAMILY & CHILDREN'S SERVICE PURPOSE: CHARITABLE PURPOSE | $60,000 |
LAFAYETTE COLLEGE PURPOSE: EDUCATIONAL PURPOSE | $5,000 |
HABITAT FOR HUMANITY OF GREATER PALM BEACH COUNTY PURPOSE: CHARITABLE PURPOSE | $2,500 |