Stanrose Foundation
- Assets
- $39.3m
- Revenue
- $4.1m
- Investments
- $28.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 81-4670609
Organization Overview
Stanrose Foundation is located in Wilmington, DE. The organization was established in 2017. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Stanrose 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 12/2021, Stanrose Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $985.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Stanrose Foundation has awarded 28 individual grants totaling $1,469,500. 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 |
|---|---|---|---|
Eric Bannasch Dir, Pres, Sec, Treas | 1 | $0 | |
Jennifer Keam VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,000 |
| Interest on Savings | $2,571 |
| Dividends & Interest | $13,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,269 |
| Capital Gain Net Income | $70,269 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$12,335 |
| Total Revenue | $4,073,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $521 |
| Taxes | $11,097 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,111 |
| Total operating and administrative expenses | $106,729 |
| Contributions, gifts, grants paid | $879,000 |
| Total expenses and disbursements | $985,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,907,555 |
| 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 | $25,265,880 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,255,476 |
| 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, Stanrose Foundation has awarded $879,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY GRADUATE SCHOOL OF BUSINESS PURPOSE: FOR THE KEAM BANNASCH FUND IN THE GRADUATE SCHOOL OF BUSINESS | $819,000 |
New York, NY PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Yardville, NJ PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
LGS FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
New York, NY PURPOSE: SCHOLARSHIP FUND | $2,500 |
PINE VIEW SCHOOL PURPOSE: COACH DONOVAN MEMORIAL SCHOLARSHIP FUND | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
Paula And Jerry Gottesman Family Supporting Foundation Inc Whippany, NJ | $103,919,025 | $11,534,966 |
The Jimmy And Berta Khezrie Charitable Foundation Long Branch, NJ | $561,838 | $13,044 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Serv Properties And Management Inc Ewing, NJ | $27,477,154 | $8,087,563 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Rodel Charitable Foundation De Wilmington, DE | $15,413,230 | $5,493,740 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Christian Health Care Center Foundation Inc Wyckoff, NJ | $4,956,233 | $3,913,084 |
Helena Devereux Foundation Villanova, PA | $208,303,000 | $15,868,103 |
Ncf Supporting Organization Wilmington, DE | $1,802,740 | $4,444,698 |