Stedman West Foundation
- Assets
- $25.5m
- Revenue
- $2.6m
- Investments
- $23.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1959
- Data as of
- 12/2022
- EIN
- 74-6039393
Organization Overview
Stedman West Foundation is located in Houston, TX. The organization was established in 1959. 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. Stedman West 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 12/2022, Stedman West Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 4 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, Stedman West Foundation has awarded 85 individual grants totaling $7,123,750. 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 |
|---|---|---|---|
Lynn S Meagher Trustee | 1 | $0 | |
Stuart W Stedman Trustee | 4 | $0 | |
Randolph L Pullin Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $708 |
| Dividends & Interest | $677,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $609,576 |
| Capital Gain Net Income | $609,576 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,286,736 |
| Total Revenue | $2,574,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $38,234 |
| Taxes | $65,169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $359,037 |
| Total operating and administrative expenses | $493,398 |
| Contributions, gifts, grants paid | $1,590,000 |
| Total expenses and disbursements | $2,083,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,470,546 |
| 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 | $16,043,288 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,000 |
| Total assets | $25,503,486 |
| 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, Stedman West Foundation has awarded $1,590,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR UNIVERSITY PURPOSE: EDUCATIONAL GRANT TO SUPPORT THE PULLIN FAMILY BAYLOR MARINA ENDOWED FUND. | $50,000 |
HOUSTON CHRISTIAN HIGH SCHOOL PURPOSE: SUPPORT OF THE ANNUAL MUSTANG FUND SUPPORTING EDUCATION | $5,000 |
HOUSTON GRAND OPERA PURPOSE: 2021 OPERATING BUDGET TO SUPPORT THE ARTS. | $40,000 |
PHI BETA KAPPA ALUMNI ASSOCIATION PURPOSE: 2022 ANNUAL SCHOLARSHIP DINNER BENEFITING EDUCATION IN THE GREATER HOUSTON AREA (NONE OF THE FUNDS WERE USED TO PURCHASE TICKETS FOR THE EVENT). | $5,000 |
METHODIST HOSPITAL RESEARCH INSTITUTE PURPOSE: SUPPORT OF RESEARCH IN THE BIOENERGETICS PROGRAM. SPECIFIC GRANT STUDYING THE ROLD OF MITOCHONDRIA IN COVID-19 LONG-HAULER PATIENTS. | $70,000 |
PINE COVE PURPOSE: RELIGIOUS GRANT TO ASSIST IN YOUTH GROWTH AND LEADERSHIP FOR THE STRENGTH TO STRENGTH CAMPAIGN | $10,000 |