Elaine And Leo Stern Foundation
- Assets
- $15.5m
- Revenue
- $422.3k
- Investments
- $15.5m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-4062393
Organization Overview
Elaine And Leo Stern Foundation is located in Southfield, MI. 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. Elaine And Leo Stern Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Elaine And Leo Stern Foundation has awarded 56 individual grants totaling $3,557,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Christopher Cataldo President, Director, Trustee | 1.5 | $0 | |
Sheri Cataldo Secretary, Director, Trustee | 1.5 | $0 | |
James M Reinhart Director, Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53,294 |
| Dividends & Interest | $297,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,005 |
| Capital Gain Net Income | $72,005 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $422,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,259 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $102,333 |
| Total operating and administrative expenses | $205,311 |
| Contributions, gifts, grants paid | $685,000 |
| Total expenses and disbursements | $890,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $87,020 |
| 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 | $697,129 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,545,437 |
| 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, Elaine And Leo Stern Foundation has awarded $685,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALTERNATIVES FOR GIRLS PURPOSE: SUPPORT FOR THE COLLEGE AND CAREER READINESS PROGRAM FOR SIXTH GRADERS THROUGH COLLEGE. | $100,000 |
BRILLIANT DETROIT PURPOSE: OPERATIONS SUPPORT AT DEXTER-LINWOOD NEIGHBORHOOD HUB. | $75,000 |
BEYOND BASICS PURPOSE: SUMMER LITERACY PROGRAM SUPPORT. | $40,000 |
COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN PURPOSE: GENERAL SUPPORT UNDER THE ELAINE STERN FOUNDATION FUND OF THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN. | $95,000 |
DETROIT EDUCATIONAL TELEVISION FOUNDATION (DBA DETROIT PBS KIDS) PURPOSE: DETROIT PUBLIC TELEVISION LITERACY PROGRAMMING SUPPORT. | $25,000 |
DETROIT HORSE POWER PURPOSE: CAPITAL COMMITMENT FOR DEVELOPMENT OF URBAN EQUESTRIAN CENTER. | $50,000 |