Stover Foundation 09-19-96
- Assets
- $23.6m
- Revenue
- $4.2m
- Investments
- $21.4m
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 09/1997
- Data as of
- 12/2021
- EIN
- 68-0392330
Organization Overview
Stover Foundation 09-19-96 is located in Annapolis, MD. The organization was established in 1997. 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. Stover Foundation 09-19-96 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 12/2021, Stover Foundation 09-19-96 generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stover Foundation 09-19-96 has awarded 264 individual grants totaling $14,327,400. 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 |
|---|---|---|---|
Dr Parker Williamson CEO | 20 | $72,000 | |
Gary Nickerson Director | 1 | $0 | |
Cara Ludwig Director | 1 | $0 | |
Daniel Jessup Director | 1 | $0 | |
Dr Gerrit Dawson President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $1,070,766 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,112,664 |
| Capital Gain Net Income | $3,113,188 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,183,431 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,449 |
| Depreciation | $0 |
| Occupancy | $9,972 |
| Travel, conferences, and meetings | $1,155 |
| Printing and publications | $0 |
| Other expenses | $258 |
| Total operating and administrative expenses | $215,174 |
| Contributions, gifts, grants paid | $4,170,400 |
| Total expenses and disbursements | $4,385,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,017 |
| Savings and temporary cash investments | $1,619,945 |
| Net Accounts receivable | $3,657 |
| 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 | $23,604,463 |
| 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, Stover Foundation 09-19-96 has awarded $4,170,400 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
Waynesburg, PA PURPOSE: GENERAL EVANGELICAL OUTREACH | $1,794,400 |
YOUNG LIFE - WOODLEAF CAMPAIGN PURPOSE: GENERAL EVANGELICAL OUTREACH | $1,000,000 |
Bridgeport, WV PURPOSE: TO FURTHER CHRISTIAN EDUCATION | $216,000 |
CHESTNUT MOUNTAIN RANCH PURPOSE: GENERAL EVANGELICAL OUTREACH | $205,000 |
GARDERE COMMUNITY CHRISTIAN SCHOOL PURPOSE: TO FURTHER CHRISTIAN EDUCATION | $170,000 |
Scottsdale, AZ PURPOSE: GENERAL EVANGELICAL OUTREACH | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |