Barry And Mimi Sternlicht Foundation
- Assets
- $53.9m
- Revenue
- $2.2m
- Investments
- $41.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-3797200
Organization Overview
Barry And Mimi Sternlicht Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Barry And Mimi Sternlicht 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, Barry And Mimi Sternlicht Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Barry And Mimi Sternlicht Foundation has awarded 293 individual grants totaling $11,997,793. 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 |
|---|---|---|---|
Barry Sternlicht Pres, Dir | 1 | $0 | |
Miriam Klein Sternlicht Dir, Sec, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $299,652 |
| Dividends & Interest | $1,379,412 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,465 |
| Capital Gain Net Income | $90,274 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $484,462 |
| Total Revenue | $2,208,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $116,367 |
| Total operating and administrative expenses | $136,967 |
| Contributions, gifts, grants paid | $2,686,113 |
| Total expenses and disbursements | $2,823,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,060,097 |
| 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 | $6,759,107 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,863,023 |
| 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, Barry And Mimi Sternlicht Foundation has awarded $2,686,113 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE MIAMI INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
ACUMEN FUND INC PURPOSE: ACUMEN AMERICA GIFT TO SUPPORT THREE INVESTMENT PILLARS OF HEALTH, FINANCIAL INCLUSION, AND WORKFORCE DEVELOPMENT | $50,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: CURRENT ISRAEL GAZA CRISIS FUND | $130,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: CHARITABLE EVENT | $125,000 |
BENEATH THE WAVES INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $25,000 |