Stevens Family Foundation
- Assets
- $526.1k
- Revenue
- $69.9k
- Investments
- $471.0k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 81-1003926
Organization Overview
Stevens Family Foundation is located in Boston, MA. The organization was established in 2016. 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. Stevens Family 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 12/2023, Stevens Family Foundation generated $69.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $254.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Stevens Family Foundation has awarded 38 individual grants totaling $1,246,177. 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 |
|---|---|---|---|
Peter J Raimondi Trustee | 1 | $0 | |
Richard B Michaud Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,904 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,018 |
| Capital Gain Net Income | $58,018 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $16,471 |
| Contributions, gifts, grants paid | $237,697 |
| Total expenses and disbursements | $254,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,061 |
| 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 | $471,020 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $526,081 |
| 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, Stevens Family Foundation has awarded $237,697 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LINDA BLAIR WORLD HEART FOUNDATION PURPOSE: GENERAL OPERATIONS | $75,749 |
MARLBOROUGH HIGH SCHOOL ALL-NIGHTER COMMITTEE PURPOSE: GENERAL OPERATIONS | $4,673 |
OLD METHODIST EPISCOPAL CHURCH PURPOSE: GENERAL OPERATIONS | $35,256 |
THE BOSTON BRUINS FOUNDATION PURPOSE: GENERAL OPERATIONS | $25,000 |
THE PET PANTRY OF LANCASTER COUNTY PURPOSE: GENERAL OPERATIONS | $5,000 |
TOWN OF ROCKLAND VETERANS SERVICES PURPOSE: GENERAL OPERATIONS | $20,000 |