Stowers Machinery Foundation Inc
- Assets
- $374.1k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- Data as of
- 12/2023
- EIN
- 82-5114045
Organization Overview
Stowers Machinery Foundation Inc is located in Knoxville, TN. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stowers Machinery Foundation Inc 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, Stowers Machinery Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Stowers Machinery Foundation Inc has awarded 624 individual grants totaling $5,528,713. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry W Stowers Jr President | 2 | $0 | |
Elizabeth Shallow Stowers Secretary | 0.25 | $0 | |
Lisa Stowers Rottmann Board Member | 0.5 | $0 | |
Rachel Stowers Kinney Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,155,325 |
| Interest on Savings | $25 |
| Dividends & Interest | $19,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $507,526 |
| Capital Gain Net Income | $507,526 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,682,835 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,333 |
| Contributions, gifts, grants paid | $2,212,344 |
| Total expenses and disbursements | $2,232,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,669 |
| Savings and temporary cash investments | $284,421 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $374,090 |
| 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, Stowers Machinery Foundation Inc has awarded $2,212,344 in support to 209 organizations.
| Grant Recipient | Amount |
|---|---|
AFA HOLLOWAY CHAPTER #367 PURPOSE: 2023 - ANNUAL GOLF TOURNAMENT BRIG GEN BUD | $500 |
AIR FORCE MUSEUM FOUNDATION PURPOSE: 2023 - UNRESTRICTED DONATION | $25,000 |
AIR FORCE ACADEMY FOUNDATION (USAFA) PURPOSE: 2023 - USAFA DONATION | $2,500 |
AIR FORCE ACADEMY ATHLETIC CORPORATION PURPOSE: 2023 TICKETS FOR TROOPS DONATION | $5,000 |
AIRCRAFT OWNER & PILOT FOUNDATION (AOPA) PURPOSE: 2023 - ANNUAL DONATION | $10,000 |
ALLIANCE FOR BETTER NONPROFITS PURPOSE: 2023 - MULTI YEAR PLEDGE PAYMENT | $10,000 |